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America’s wealthiest billionaires got $698 billion richer this year—and Trump’s tax policy could give them a new windfall

Now, a new report from Oxfam has revealed that the 10 richest U.S. billionaires added $698 billion to their net worths in the past year. Nearly the entire ultra-rich cohort is made up of tech leaders profiting from the gold rush in tech and AI, including Oracle cofounder Larry Ellison, Amazon founder Jeff Bezos, Google … Read more

[LIVE] Latest Crypto Market News Today, September 3 – Arkham Crypto Reveals Some of The Wealthiest Investors: ARKM AI Data Shows UAE Royal Group $700M in Bitcoin

Bitcoin is holding steady at nearly $110,000, even with the ongoing market dip and Arkham Crypto’s latest data reveals the UAE’s Royal Group has quietly mined $700 million worth of Bitcoin, making them the sixth-largest sovereign crypto holder. Unlike others who bought or seized crypto, the UAE Royal Group mined its BTC ▲2.45% using green … Read more

Lamborghini CEO warns tariffs have even forced its wealthiest consumers—who have an average of 5 cars in their garage—to waver on buying a new ride

President Donald Trump’s tariff instability is putting the economy on hold, and even Lamborghini’s deep-pocketed customers aren’t immune.  CEO Stephan Winkelmann said some of its U.S. customers, who have at least $400,000 to shell out for a base model, are waiting to see where the Trump administration’s tariff rate for the EU ultimately settles. Its … Read more

Trump says raising taxes on country’s wealthiest is ‘good politics’

As Republicans search for avenues to extend President Donald Trump’s 2017 tax cuts, some Republican lawmakers involved in the process have floated the idea that the nation’s highest earners could see a tax increase in order to usher in cuts for lower-earners.  For his part, the president is sending signals he tends to agree. “You … Read more

Even the wealthiest Americans are suffering from shorter lifespans than those in Europe. A new study cites 3 major reasons

Americans are dying earlier than Europeans—and the rich are not exempt.  In a new study published today, researchers at Brown University analyzed the survival rates and wealth of older adults in the U.S. and Europe over 12 years. They found that Americans’ survival rate was lower than their European counterparts across all wealth tiers. The … Read more

White House officials are considering a higher tax rate for the wealthiest Americans to help pay for cutting taxes on tips, report says

The Trump administration is considering an option to let the tax rate on the wealthiest Americans go back up to help pay for tax cuts on income earned from tips, a senior White House official told Axios. Ending taxes on tips was one of President Donald Trump’s top campaign pledges, and he has reaffirmed it … Read more

The U.S. economy is propped up by three pillars, top investor Peter Boockvar says—and America’s growth now hinges on the wealthiest 10%

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Former labor secretary: ‘It’s hard to conceive how the wealthiest set of Cabinet nominees and White House appointments in history will understand what average working people are going through’

President-elect Donald Trump’s Cabinet picks, other nominees and appointments, pose for a photo at the National Gallery of Art in Washington, Saturday, Jan. 18, 2025. First row from left, Elise Stefanik, John Ratcliffe, Lori Chavez-DeRemer, Howard Lutnick, Pete Hegseth, Doug Burgum, Brooke L. Rollins, Marco Rubio and Robert F. Kennedy Jr.; second row from left, … Read more

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