The COVID-19 pandemic is “set to drive the biggest systemic increase in income inequality ever seen,” Oxfam said in a new report.
24-year-old Manuel Franco won $768 million in the Powerball, the third largest jackpot in U.S. history.
Fans have been chronicling the style evolution of "Succession" characters — from the inner circle to the hangers-on — over the past three seasons.
In 2015, the journalist authored articles about the former president's hang-up with where he landed on the magazine’s annual list of wealthiest people.
Billionaires, meanwhile. have doubled their collective net worth to more than $5 trillion in just 5 years.
The former guy probably wasn't happy over this new report.
A new study warns of rapidly growing fortunes being concentrated in fewer hands that have never known hard work.
"We are governed by a humbling belief that it would be better if disproportionate wealth were not concentrated in a small number of hands," the billionaire said.
ProPublica has obtained a vast cache of IRS information showing how billionaires pay little in income tax compared to their massive wealth — sometimes, even nothing.
The billionaires saw their net worth increase by nearly 45% over the last 12 months while tens of millions of Americans struggled amid COVID-19.