billionaires

A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.The U.S. has rapidly overwhelmed China as the world's top spot for millionaires and billionaires, according a new report.  There are now more than 5.5 million Americans with liquid investible assets of more than $1 million, up 62% over the past decade and well above the global growth rate of 38%, according to…

California Forever, a tech billionaire-backed project to develop a new city on hundreds of acres of Bay Area farmland, is entering a critical phase. After buying nearly a billion dollars worth of land in Solano County, the project’s developers now need to convince at least 13,000 county residents to support a ballot initiative that would authorize the development of that land. If voted for in November, the project would finally be able to move ahead.The Fujifilm X100VI is the Most Fun I’ve Had With a Camera in YearsTo get…

The details of a group of Silicon Valley titans’ secretive land grab in Solano County, California are starting to come into focus, even as residents say a lot is still up in the air.VC giant Marc Andreessen, LinkedIn cofounder Reid Hoffman, and Laurene Powell Jobs are among the tech giants who banded together to purchase over 60,000 acres of land about 60 miles northeast of San Francisco. California Forever, as the group calls itself, revealed last year that it hopes to create a whole new city in the middle of the…

Conservative activist and Supreme Court puppetmaster Leonard Leo recently outlined his pitch for billionaires on how they can help move the United States government and society to the right.  “It’s really important that we flood the zone with cases that challenge misuse of the Constitution by the administrative state and by Congress,” Leo said in a new podcast interview, calling on the ultra-wealthy to support these litigation efforts.  “We have a great Overton window in the next couple of decades to really…

Rihanna shined “like a diamond in the sky” this weekend. The R&B star came out of an eight-year-long live performance hiatus this weekend for the pre-wedding party of an Indian billionaire’s son. But a viral video of Rihanna’s performance at the private party sparked debate, not about the singer’s groundbreaking show but about the device used to record the footage.French model Joh Masse captured Rihanna’s private concert at Anant Ambani and Radhika Merchant’s pre-wedding celebration in Jamnagar, India, and confirmed…

According to Khosla, Musk would have worked collaboratively with OpenAI towards reaching shared objectives around AI. Tesla and SpaceX CEO Elon Musk and venture capitalist Vinod Khosla on Sunday got engaged in a public spat on X as the billionaire sued OpenAI and its CEO Sam Altman over alleged breach of original contractual agreements around AI.When Khosla accused the X owner of exhibiting “sour grapes” behaviour by suing OpenAI, the billionaire replied that the Indian-origin investor does not have any idea…

Credit: Pixabay/CC0 Public Domain In December 2023, WIRED reported that Mark Zuckerberg, the billionaire CEO of Meta and one of the foremost architects of today's social-media-dominated world, has been buying up large swathes of the Hawaiian island Kauai. Zuckerberg and his wife, Priscilla Chan, are constructing a gigantic compound—known as Ko'olau…

YouTube restored an attack ad against Katie Porter that’s running ad nauseam for users in California right now after it was pulled Sunday for violating the video-sharing site’s policies. The ad, purchased by a political action committee called Fairshake, is being bankrolled by several prominent names in the world of crypto. The weird part? It’s not clear why the ad was briefly banned. Crypto Exchanges Restrict Withdrawals“Who is Katie Porter? A fake and an accomplished actor,” the narrator of the ad claims. “That’s from…

Why isn't Washington cleaning up Big Tech? 'Takedown with Chris Hansen' host Chris Hansen and 'The Comfort Crisis' author Michael Easter discuss the dangers of social media and Washington's failure to act on 'Jesse Watters Primetime.' In the high-stakes world of tech billionaires, the pursuit for private islands has become the ultimate symbol of opulence and seclusion.Larry Page, Google's co-founder and the world's eighth-richest person with a net worth of $132 billion, is at the forefront of this trend. Island in…

From the moment I heard about tech billionaires’ weird plans to create a bustling new city in the heart of California’s Solano County, I was preoccupied with one basic question: Who is actually going to run this thing? Why Bitcoin won’t reach $1,000,000Libertarian dreams of creating a new community from scratch are all well and good but, at the end of the day, you can’t operate a municipality of any real size without a team of boring, dysfunctional bureaucrats to decide what the local zoning laws are and how to spend the…