Wealthy residents of the state have put millions of dollars toward stopping a proposed 5 percent tax on their assets.
Category: High Net Worth Individuals
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California’s Billionaire Tax Battle
The New York Times – Business: -
In a Memoir Draft, Changpeng Zhao of Binance Details the Talks Leading to His Prison Time
The New York Times – Business:In a draft of his memoir, Changpeng Zhao, the founder of Binance, laid out the secret negotiations that led to his imprisonment and a run-in with ICE.
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Elon Musk’s Secret Web of Companies in Texas
The New York Times – Business:The megabillionaire was tied to about 90 companies in the state, which he uses for everything from paying nannies to buying land to supporting Donald Trump’s re-election, according to a Times examination.
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With a New Nigeria Refinery, Africa’s Richest Man Wants ‘to Rescue the Country’
The New York Times – Business:Aliko Dangote, Africa’s richest man, has an ambitious vision for the continent’s most populous nation, but hurdles stand in his way.
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He Hopes to Turn the Island of Nevis Into a Libertarian Paradise, With Crypto
The New York Times – Business:A Bitcoin baron wants to build a libertarian paradise on the island of Nevis. Democracy is getting in the way.
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Homeownership Is Out of Reach for Many Americans, Despite a Buyer’s Market
The New York Times – Business:A growing split between low-to-middle-income families and wealthy households is changing who has access to homeownership now.
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The Latest Way to Create an Isolated Retreat: Buy a Whole Village
Wealthy buyers and tourism entrepreneurs are acquiring abandoned European villages — school, church and bar included.
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Tesla’s Model S, Soon to Be History, Changed the Auto Industry
The company’s chief executive, Elon Musk, said this week that it would stop making the car, an electric pioneer in 2012, as well as the Model X.
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Michael Saylor’s Creative Bitcoin Strategy Isn’t Working
Michael Saylor’s financial alchemy thrust an ordinary software company, Strategy, into the center of the crypto frenzy. It all worked spectacularly, until now.
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Thiel Gives $3 Million to Group Seeking to Block California Wealth Tax
More large donations from wealthy Silicon Valley figures are expected as they try to marshal opposition to a proposed ballot measure that would impose a new tax on billionaires.
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Google Guys Say Bye to California
Sergey Brin is joining his Google co-founder, Larry Page, in reducing ties to the state where they built their fortunes.
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Bill Gates Makes a Multibillion-Dollar Divorce Payout
The billionaire and philanthropist has made a nearly $8 billion payment to the private foundation of his ex-wife, Melinda French Gates, new tax filings show.