Mikhail Prokhorov, a gold-mining magnate who owns the New Jersey Nets, is one of two men who just announced plans to run against Vladimir Putin in 2012. He’s been stewing since he got kicked out his party for fighting with the Kremlin.
$63million dollars in 2010 alone for Mr. Berkshire Hathaway source
» And he only paid 17.4% in taxes: Buffett, whose monetary gains are the subject of scrutiny because of the fact that he’s the inspiration for Obama’s “Buffett Rule” (a notable part of the president’s jobs plan), released the earnings after being prodded by Rep. Tim Huelskamp of Kansas, a Republican. Of note: Just $39,814,784 of his earnings were taxable, with the rest going to deductions and exemptions (like, say, his fairly robust charitable givings). And in case you’re wondering, Warren’s tax rate is low largely because he makes most of his income through investing. In the end, how much did he pay in taxes? A paltry $7 million (or a mere nine percent in taxes on adjusted gross income).
Remember how Warren Buffett wrote that the government should raise the taxes of the super-wealthy … you know, folks like him? Well, it looks like someone with a lot of power to put that plan into action read that New York Times editorial. Obama’s going to make a push to tax the super-wealthy (those who make more than $1 million per year) at the same rate as the middle-class, and he’s calling it the “Buffett Rule.” Great selling point for Obama, but will it be enough for all the other rich people in Congress? Good question. (photo via Medill DC)source
I know well many of the mega-rich and, by and large, they are very decent people. They love America and appreciate the opportunity this country has given them. Many have joined the Giving Pledge, promising to give most of their wealth to philanthropy. Most wouldn’t mind being told to pay more in taxes as well, particularly when so many of their fellow citizens are truly suffering.
Warren Buffett • Arguing in an editorial for the New York Times (titled, fittingly, “Stop coddling the super-rich”) that Congress needs to raise his taxes and those of people with incomes topping $1 million. “My friends and I have been coddled long enough by a billionaire-friendly Congress,” he writes. “It’s time for our government to get serious about shared sacrifice.” Wait … a super-rich guy offering more money up in taxes? Be still our hearts. And don’t tell the Koch brothers … they might disagree with this stance. source
billionthe total worth of extremely rich Mexican tycoon Carlos Slim
billionthe increase in the dude’s fortune THIS YEAR ALONE source
» Widening his lead: Carlos Slim has not only benefited by expanding his own personal wealth (we’re sure that New York Times investment was a huge part of all that … heh), but the two guys directly behind him – Bill Gates and Warren Buffett – have been giving away much of their wealth lately. Slim has too, but he’s kept a tighter grip on it than those two.
Carlos Slim is on top this year. But look deeper. Forbes’ billionaires list, a cultural touchstone, usually only focuses on the top of the list, mainly because it makes a good headline. But Forbes has a TON of information about the billionaires on their list. Here are some of our favorite details from doing a little research:
A good year for rebounds
1,011billionaires are on this year’s list, which is way up from last year
164billionaires returned to the list after losing much of their value in 2008
89billionaires came from China, the largest non-U.S. total source
Extremes in rich bastards
youngest Mark Zuckerberg, who, at 25, has more money than you’ll ever dream of, with assets worth $4 billion. Just think how much he’d be worth if Facebook took the IPO plunge. Or actually, just sulk. source
oldest Fellow technology maven Walter Haefner is the real-life Mr. Burns at age 99. Except, instead of a nuclear plant, he owns 24 percent of information technology firm Computer Associates. source
Raj Rajaratnam is in big trouble. One of the guys who lost his billionaire club card, Rajaratnam’s hedge fund, Galleon Group, was caught in a major insider-trading scandal, which caused the fund to lose value quickly this past October, and as a result Rajaratnam is no longer a billionaire (and is probably going to prison!). source
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