The AI boom lifted billionaires to a record 3,795 with $15.1 trillion in wealth, but Bloomberg says the peak has likely been reached.
The AI investment craze pushed the ranks and richest of the world's billionaire population to nearly 3,800 people and $15.1 trillion in combined wealth in 2025, per a recent report by Altrata. The AI ...
The world's population of billionaires reached an all-time high in 2025, with the AI investment supercycle and broad equity market gains lifting both headcounts and fortunes to levels that would have ...
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Billionaires Are the Symptom, Not the Disease
Wealth taxes are justified and overdue, but until we confront corporate power directly, wealth will continue concentrating in ...
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California’s One-Time Billionaire Tax Falling Short of Majority Support Despite Bernie Sanders Push
Despite a late push by Senator Bernie Sanders, backers of a one-time wealth tax on the state’s billionaires still haven’t ...
AI investment is helping the rich get richer, according to a new report. The billionaire class saw its population grow by 8.2 percent in 2025, fueled in part by the AI investment boom, a new report ...
The world gained its first ever trillionaire on Friday, when Elon Musk took his rocket and satellite company SpaceX public in the biggest IPO in history. His wealth explosion has inspired his devotees ...
California’s 2026 Billionaire Tax Act (Initiative No. 25-0024) is a citizen-led ballot measure sponsored by SEIU-United Healthcare Workers West. It proposes a one-time 5% excise tax on the global net ...
A California ballot measure that would impose a one-time tax on the state’s billionaires has received another major endorsement, as supporters seek to build momentum ahead of a vote later this year.
Propositions 41 and 42 could prevent the wealth tax from taking effect if either passes and receives more yes votes.
You can usually tell a controversial idea like the “billionaire tax” is bad when proponents start trotting out teams of Nobel Prize winners to defend it. If the idea really were that good, you ...
Not every California billionaire opposes Proposition 40. In January, Nvidia’s chief executive, Jensen Huang, whose net worth ...
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