The world’s billionaires saw their collective fortunes dip in 2018 for the first time in three years, erasing $388 billion of their net worth. Asia was hardest hit, as slowing growth in China and rising U.S. interest rates resulted in an 8% wealth drop among that continent’s richest people, according to the UBS/PwC Billionaires Report released Friday.

  • From the Jeffrey Epstein scandal to the demise of Elizabeth Holmes' Theranos, these were the biggest billionaire controversies of the 2010s
    While some of these billionaires emerged unscathed after paying hefty fines or reaching settlements, others have never recovered.
    12/5/2019 - 2:17 am | View Link
  • Campaigns swarm Harris donors after she exits the 2020 race
    For Booker and Biden, the donor courtship offers an opportunity to regain lost ground and bring in a fresh stream of ... Bakari Sellers, who helped Harris raise money and was one of her most prominent ...
    12/4/2019 - 9:34 am | View Link
  • Bloomberg’s Presidential Bid Comes Amid A Golden Age For Super-Rich Politicians
    With a net worth of $54.1 billion, former New York City mayor Michael Bloomberg is the richest man ever to run for president of the United States. He plans to act like it. In his first week as a ...
    11/30/2019 - 8:17 am | View Link
  • How America’s Elites Lost Their Grip
    Overton was an ardent libertarian who pushed ideas like school choice—and, according to Reed’s wedding toast, he had on occasion resorted to more extreme methods of moving the window of the possible, ...
    11/23/2019 - 10:20 pm | View Link
  • World’s Rich Are Rattled and Seeking Old-Fashioned Security
    Built by IBV International Vaults, the steel-walled stronghold is scheduled to open next month and will cater to billionaires looking for a place ... but which typically limit the amount of time that ...
    11/19/2019 - 4:00 pm | View Link
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