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“California’s Prop 40 headed for defeat in early election results” California’s bitterly contested billionaire tax appeared to be heading for defeat Tuesday night after a vicious campaign that split Democrats, sent Silicon Valley tycoons scrambling to leave the state and sparked a $330 million-plus war to kill the proposal. Proposition 40, which would slap a…
“Elon Musk ‘earns’ Guinness World Record for ‘largest loss of personal fortune in history’” Billionaire Elon Musk has earned an unfortunate world record after suffering through an unprecedented wealth wipeout in recent months. Musk, who once ranked as the world’s richest person, shattered the mark for “the largest loss of personal fortune in history,” the…
“Tony Malkin’s New Year’s Eve fireworks sparked New Zealand fire” The fireworks weren’t a blast for neighbors. A New York City billionaire staged a private New Year’s Eve display that set a hillside ablaze near his New Zealand estate — and nearby residents are reportedly smoking mad. Empire State Building magnate Tony Malkin set off…
“Elon Musk becomes first person ever to lose $200 billion” Billionaire Elon Musk, formerly the richest man in the world, has broken a new record. The Tesla founder and Twitter owner has become the first person in history to lose $200 billion off his net worth, according to the Bloomberg Billionaire’s Index. The multi-billion dollar…
“Giving to charity beats giving to Uncle Sam — every time” It’s the season for giving. I’ll give! I’ll donate to the Doe Fund, a charity that helps ex-cons find purpose in life through work. “Work works!” they say. It does. Doe Fund graduates are less likely to go back to jail. I’ll donate to…
“Elon Musk in danger of losing world’s richest person title to Bernard Arnault” Elon Musk is in danger of losing his long-held title of world’s richest individual on Wednesday morning following months of tumult at Twitter and his various other business interests. Bernard Arnault, CEO of the French luxury goods firm LVMH, temporarily topped Musk…
“Sam Bankman-Fried claims he only has $100K in bank account” Disgraced FTX founder Sam Bankman-Fried claims he has just $100,000 left in his bank account after the implosion of his cryptocurrency empire. The remarks Monday marked Bankman-Fried’s first attempt to explain his current personal wealth during intense scrutiny over his handling of FTX’s finances. The…
“Elon Musk ‘bedside table’ photo shows guns, Buddhist amulet, Diet Coke” Twitter CEO Elon Musk posted a photo of his “bedside table” on Monday featuring a few odd decorations – including a pair of non-firing guns, a Buddhist amulet and multiple cans of Diet Coke. The billionaire’s photo included a non-firing replica of George Washington’s…
“Bodycam footage shows arrest of Tyson CFO John Tyson” Newly released bodycam footage shows the moment Arkansas police wake up a Tyson Foods executive after he allegedly passed out drunk in a stranger’s bed earlier this month. Tyson CFO John Tyson appears disoriented and even tries to go back to sleep in the early morning…
“FTX’s Sam Bankman-Fried cashed out $300M after fundraising round last year: report” Disgraced former FTX CEO Sam Bankman-Fried reportedly gave himself a $300 million windfall last year when his then-red-hot cryptocurrency exchange secured a massive fundraising round. FTX raised $420,690,000 million from 69 different investors – both numbers clear nods to meme culture – during…