Billionaires Destabilising

An excess of billionaires is destabilising politics – just as academics predicted

Politicians have always courted the wealthy, but Elon Musk and co represent a new kind of donor, and an unprecedented danger to democracy. The concept of “elite overproduction” was developed by ...

World - The Guardian - 14 hours ago

Billionaires see the stakes of election

Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Billionaires with business interests riding on election For billionaires who have ...

Politics - The Hill - 3 hours ago

Steve Ballmer on becoming one of the world's richest billionaires

LA Clippers owner and former Microsoft CEO Steve Ballmer, has seen his net worth soar north of $120 billion.

China loses third of its billionaires as economy falters

ByteDance chief Zhang Yiming leads country’s ‘rich list’ with $49bn fortune

World - Financial Times - 2 days ago

FirstFT: Harris calls on America to ‘turn the page’ on Trump

Also in today’s newsletter, Ukraine and Russia hold secret talks, while Alphabet and Reddit shares rise after results

World - Financial Times - Yesterday

Billionaires have business interests hinging on election outcome

Billionaires who have funneled tens of millions of dollars into the 2024 election or who have made key decisions affecting the race have a lot riding on the outcome. Two of the biggest names to get ...

Politics - The Hill - 14 hours ago

Elon Musk battles Indian billionaires over satellite internet spectrum

Starlink head in spat with owners of Reliance Jio and Bharti Airtel mobile networks who call for space bandwidth auctions

World - Financial Times - October 16

Billionaire Tom Gores to buy 27% of the LA Chargers for $750 million

Gores is buying in at an enterprise value of $4 billion, more than a 30% discount to the team's value of $5.83 billion, according to CNBC's 2024 rankings.

Business - CNBC - October 17

Billionaire investor says market is 'very convinced' of Trump victory

Billionaire investor Stanley Druckenmiller said Wednesday that the market is “very convinced” of an election victory for former President Trump. “I must say, in the last 12 days, the market and the ...

Politics - The Hill - October 17

Battle of the billionaires: Harris deploys Mark Cuban as Elon Musk stumps for Trump

As Elon Musk steps up his work on behalf of former President Donald Trump, Kamala Harris is calling in her own billionaire, Mark Cuban.

Politics - NBC News - October 17

How Silicon Valley Billionaires Became Trump’s Biggest Donors

Elon Musk and a group of Silicon Valley allies have built a shadow campaign to put Donald Trump back in office.

Top stories - The New York Times - October 18

Meet David Hoffmann, the Florida Billionaire Buying Up Print Newspapers

David Hoffmann has already bought 5 percent of one of America’s largest newspaper companies. Now, he wants to control the whole thing.

Business - The New York Times - October 22

Legal concerns over billionaire Elon Musk PAC giveaway to support Trump

A campaign tactic by Donald Trump ally Elon Musk is raising new legal concerns. The billionaire is offering a big cash prize to battleground state voters who sign a petition for his Trump super ...

Another billionaire investor positions for a Trump win. He’s placing ‘inflation trades.’

Legendary investor Paul Tudor Jones said Tuesday he’s moved his portfolio in the direction of a victory by Donald Trump in the Nov. 5 presidential election, but warned of a potential reckoning over ...

Business - MarketWatch - October 23

Musk v Ambani: Billionaires battle over India's satellite internet

Musk's Starlink and Mukesh Ambani are preparing to face off in India’s satellite broadband market.

Democrats rip Musk as billionaire takes leading role in Trump campaign

Billionaire tech magnate Elon Musk is drawing attacks from top Democrats and concern from election watchdogs as he barnstorms for former President Trump in a crucial swing state. Over the past ...

Politics - The Hill - 6 days ago

‘Anticipatory obedience’: newspapers’ refusal to endorse shines light on billionaire owners’ motives

The Los Angeles Times and the Washington Post both declined to endorse a candidate – a sign of political media capture. When two American billionaires blocked the newspapers they own from endorsing ...

World - The Guardian - 5 days ago

Battle of the billionaires: the mega rich spending to swing the US election

A small number of big spenders are having an outsize effect on fundraising in the 2024 presidential vote

World - Financial Times - 4 days ago

Who is Bidzina Ivanishvili, the shadowy billionaire behind Georgia’s pivot to Russia?

Country’s wealthiest and most influential figure has guided shift away from the west while cultivating an air of mystery. In the winding streets of ancient Tbilisi, one is ever under his watchful ...

World - The Guardian - 4 days ago

The Washington Post is a reminder of the dangers of billionaire ownership | Siva Vaidhyanathan

In blocking the newspaper from endorsing Kamala Harris, Jeff Bezos is not acting cowardly so much as slyly. Last week the Washington Post refrained from endorsing a candidate in the presidential ...

World - The Guardian - 2 days ago

Billionaire founder of Raising Cane's Chicken Fingers: One 'stupid' strategy nearly cost me my business

"My dream almost just went away," recalls Raising Cane's Chicken Fingers founder Todd Graves, after he made this financial mistake while getting started.

Business - CNBC - October 12

Mark Cuban mocks Trump's tariff ideas at Harris campaign rally as Elon Musk tours PA with pro-Trump PAC

Mark Cuban in a recent Harris campaign press call slammed Donald Trump and called his sweeping tariff plans "lunacy."

Business - CNBC - October 17

Billionaire Ripple founder has given more than $11.8 million to Harris campaign

Fresh election data shows that with two weeks to go until the general election, the crypto industry mostly donated to Vice President Kamala Harris.

Business - CNBC - October 21

Warren Buffett isn’t endorsing any candidates even as other billionaires back Trump or Harris

Billionaire investor Warren Buffett isn’t endorsing any political candidates or investment products and doesn’t want investors to get duped into thinking otherwise.

Business - MarketWatch - October 23

Patrick Soon-Shiong: the billionaire LA Times owner who blocked Harris endorsement

Biotech tycoon’s decision to refuse to allow presidential endorsement led to resignations and subscribers’ revolt. In 2020, Patrick Soon-Shiong wrote an article for the Los Angeles Times, the ...

World - The Guardian - 6 days ago

Wise's billionaire CEO fined £350,000 by UK regulators over failure to report tax issue

Kristo Käärmann, CEO and co-founder of Wise, was ordered by regulators to pay a £350,000 fine due to a breach of senior manager conduct rules.

Business - CNBC - 3 days ago

The Guardian doesn’t ‘sanewash’ Trump or take orders from a billionaire owner. That’s why I’m proud to write here | Rebecca Solnit

Thanks to reader support, the Guardian is free from the political and commercial pressures that influence other US outlets. Please help us raise the $2m we need to keep up our momentum. . The ...