Category: wealth

US Household Wealth Rose to Record $141.7 Trillion in Q2, Fed Says

September 23, 2021
Business & EconomyEconomieseconomyFederal ReserveUSwealth
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U.S. household wealth jumped to a new high of $141.7 trillion at the end of June, a report from the Federal Reserve showed on Thursday, boosted by stock market gains and a pandemic-induced real-estate boom. Soaring equity markets fueled the increase in overall wealth, adding $3.5 trillion to household assets in the second quarter—a period…

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Combined Fortune of World’s Wealthiest Families Increased 22 Percent in the Last Year

September 23, 2021
billionairesBusiness & EconomyCompaniesInternationalUSUS NewsWalmartwealthWorld
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By Entrepreneur Staff Right now, Jeff Bezos, Elon Musk, and Bernard Arnault dominate the ranking of the world’s great billionaires. However, if we talk about entire families, the list changes completely. As reported by Bloomberg, the combined fortune of the 25 richest families of the world increased 22 percent last year and the new list is…

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Experts Warn of New Cultural Revolution as China Goes After ‘Common Prosperity’

September 2, 2021
Business & EconomyChinaChinese RegimeCultural Revolutionfanwealth
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As Beijing imposes its zero-tolerance policy on misbehaving stars and their followers, China experts warn that the intolerance toward China’s fan community casts light on a modern-day Cultural Revolution. Last week, Chinese tax authorities fined former brand ambassador for Italian luxury brand Prada, Zheng Shuang, $46 million for tax evasion following a surrogate scandal in…

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China’s Celebrity Fan Clubs the Latest Target Under Beijing’s Widening Online Crackdown

August 29, 2021
ArchivedAsia & PacificBusiness & EconomycelebrityChinaChinese Regimecommon prosperityCompaniesNewsSocial IssueswealthWorldXi Jinping
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For months, Chinese authorities have been cracking down on the country’s powerful internet sector, targeting an array of companies over issues from anti-trust to data security. Now, online celebrity fan clubs are the latest to feel the heat. The regime’s top internet regulator, in a bid to reign in what it described as China’s “chaotic”…

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China’s Celebrity Fan Clubs the Latest Target Under Beijing’s Widening Crackdown on Internet Sector

August 29, 2021
ArchivedAsia & PacificBusiness & EconomycelebrityChinaChinese Regimecommon prosperityCompaniesFinance & Business TiesNewssocial controlSocial IssuesSpecial TopicswealthWorldXi Jinping
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For months, Chinese authorities have been cracking down on the country’s powerful internet sector, targeting an array of companies over issues from anti-trust to data security. Now, online celebrity fan clubs are the latest to feel the heat. The regime’s top internet regulator, in a bid to rein in what it described as China’s “chaotic”…

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China’s Celebrity Fan Culture in Hot Water as Beijing Widens Internet Crackdown

August 29, 2021
ArchivedAsia & PacificBusiness & EconomycelebrityChinaChinese Regimecommon prosperityCompaniesFinance & Business TiesNewssocial controlSocial IssuesSpecial TopicswealthWorldXi Jinping
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For months, Chinese authorities have been cracking down on the country’s powerful internet sector, targeting an array of companies over issues from anti-trust to data security. Now, online celebrity fan clubs are the latest to feel the heat. The regime’s top internet regulator, in a bid to rein in what it described as China’s “chaotic”…

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Democratic Party Won’t Admit It’s Become the Party of Wealth

July 15, 2021
DemocratsOpinionViewpointswealthwokewokeism
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Commentary How often during the last year of wokeness have middle- and lower-class Americans listened to multimillionaires of all races and genders lecture them on their various pathologies and oppressions? University presidents with million-dollar salaries virtue-signal on the cheap their own sort of “unearned white privilege.” Meghan Markle and the Obamas, from their plush estates,…

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