Most of world’s richest person’s fortune so far has come from electric car company TeslaElon Musk, the world’s richest person, with an estimated $241bn fortune, could become the first trillionaire, an investment bank has predicted.Analysts at Morgan St…
As the Pandora papers show, access to the Tory party is being bought by a new class of tycoon funders | Peter Oborne
In light of revelations in the Pandora papers, we need to be asking what are they getting in return?One big theme has dominated Tory party conference at Manchester this week: levelling up. Boris Johnson, we are being told, is on a mission to rescue Bri…
Readers reply: how much poorer would the rich need to be to provide a basic minimum income for everyone?
The long-running series in which readers answer other readers’ questions on subjects ranging from trivial flights of fancy to profound scientific and philosophical conceptsHow much poorer would the rich need to be to provide a basic minimum income for …
How much poorer would the rich need to be to provide a basic minimum income for everyone?
The long-running series in which readers answer other readers’ questions on subjects ranging from trivial flights of fancy to profound scientific and philosophical conceptsHow much poorer would the rich need to be to provide a basic minimum income for …
Top chief execs ‘paid more in a year than a UK worker gets in a lifetime’
Despite a fall in remuneration during the Covid pandemic, blue chip company bosses averaged £2.7m in 2020The annual pay of FTSE 100 chief executives fell during the pandemic but still equates to what a key worker would earn in a lifetime, according to …
Chinese president vows to ‘adjust excessive incomes’ of super rich
Chinese Communist party to crack down on almost weekly creation of billionaire company bossesChina’s president has vowed to “adjust excessive incomes” in a warning to the country’s super-rich that the state plans to redistribute wealth to tackle wideni…
Secret buyer nabs Microsoft grandee’s superyacht for £200m
For £1m a week you can rent 126-metre ship built for Paul Allen, with two helicopters, two subs and a recording studioA vast “explorer class” superyacht built for Microsoft co-founder Paul Allen has been sold for almost £200m, and is now available to r…