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Steve Jennings/Getty Images for TechCrunch The Supreme Court refused to hear a case involving a California billionaire who had been ordered to restore public access to a beach he owns in Northern California. The property, known to locals as Martins Beach, used to be a popular spot for surfing and fishing. Sun Microsystems cofounder Vinod […]
Oliver Contreras-Pool/Getty Images Author Anand Giridharadas believes elite-led philanthropy fueled the rise of Donald Trump. In his new book, Giridharadas argues that Trump exposed the hypocrisy of wealthy philanthropists, then used it to beat them at their own game. Giridharadas predicts that Trump may face a powerful reckoning as citizens begin to take charge of their […]
REUTERS/Abhishek N. Chinnappa Anand Giridharadas, author of Winners Take All, shares his thoughts on Bezos’ latest charity announcement. In light of the recent tech backlash, he said, Bezos has an opportunity to become the first “woke” billionaire philanthropist. To establish a new paradigm of corporate giving, the CEO must be willing to acknowledge his shortcomings. In […]
Japanese billionaire Yusaku Maezawa has been named as the first tourist who will fly around the Moon using SpaceX’s Big Falcon Rocket (BFR), according to CEO Elon Musk. If all goes as planned the founder of a Japan’s largest online clothing retailer Zozotown hopes to reach the Moon in 2023. To keep himself company during […]
Where Jeff Bezos goes, other tech billionaires follow. The latest titan to invest in print media is Salesforce founder Marc Benioff who, along with wife Lynne, is buying Time magazine. The pair are using $ 190 million from their personal fortune to buy the esteemed title from current owners, Meredith. Meredith has said that the […]
REUTERS/Charles Platiau One of the UK’s richest men, Simon Nixon, has backed fast-growing food delivery startup Deliveroo. Filings show that Nixon took a small stake in Deliveroo when it raised a massive $ 482 million funding round in 2017. Nixon is the cofounder of price comparison site Moneysupermarket.com and has backed several tech startups. There […]
Billionaire Boys Club was shot in 2015 and saw its release postponed after the scandal broke, but finally premiered via video-on-demand in the US last month. The film, which sees Spacey play a Beverly Hills high roller, was released over the weekend in the US in just eight cinemas nationally. According to The Hollywood Reporter […]
WhatsApp cofounder Jan Koum announced he planned to leave Facebook in April. But he’s still showing up to the office once a month so he can continue to collect $ 450 million in Facebook stock he’s contractually due from when Facebook bought his company. It’s a high-dollar example of “rest and vest,” where big tech […]
President Donald Trump slammed billionaire GOP mega donor Charles Koch for expressing concern for foreign workers hurt by Trump’s trade war. Koch said Trump’s policies hurt foreign workers, and Trump agreed, saying he put “AMERICA FIRST.” Trump’s latest attack on Koch plays off his previous one, in which he called him a “globalist.” Trump has […]
Richard Feloni/Business Insider AOL cofounder Steve Case runs the DC-based venture capital firm Revolution and has “Hillbilly Elegy” author JD Vance run his $ 150 million Rise of the Rest Seed Fund. Case is convinced the future of American startups is outside of Silicon Valley. For the past four years, Case and his team have […]
