News Analysis China is running counter to the goal of “common prosperity” proposed by its communist rulers, as it becomes further polarized between rich and poor, with a rise both in the number of billionaires and in the unemployed or non-earning populations. “Common prosperity” has been among China’s top buzzwords since 2021. The slogan was…
‘Common Prosperity’ Fades as China’s Billionaires and Unemployed Poor Proliferate Simultaneously
UBS Report Says US Has One-Third of World’s Billionaires
According to the Billionaire Ambitions Report 2022, published by UBS, a Swiss-based global financial services firm, as of March 2022, there were 2,668 billionaires worth $12.7 trillion in the world, down from 2,755 individuals and $13.1 trillion in 2021. Both the number of billionaires and their total wealth dropped about three percent. The United States…
HK Billionaires Are Fleeing and Those in China Have Had Their Wealth Slashed by Tens of Billions of Dollars
October 29, 2022
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AlibabaAsia & PacificbillionairesChinaChina Business & EconomyChinese RegimeHK BusinessHK Current AffairsHong Kongtencent holdingsWorld
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Following the 20th National Congress of the Communist Party, Chinese stocks immediately witnessed a round of plummeting in value. Together with this deep drop in stock prices is a similar depletion of the wealth of China’s richest. According to statistics, the wealth of China’s richest people was slashed by a staggering US$35 billion in one…
8 Unconventional Habits You Should Steal From Billionaires to Be Successful
The most successful people carry unique attributes. They also have unconventional habits that have led to many of their achievements. One great benefit of the internet is that a lot of those habits and traits are no longer secrets. Billionaires have shared what has worked for them in their lives. Consequently, it is easy to emulate those actions,…
A Billionaires’ Woke ‘Republic’?
August 25, 2022
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Merriam-Webster defines a republic as “a government in which supreme power resides in a body of citizens entitled to vote and is exercised by elected officers and representatives responsible to them and governing according to law.” In our republic, Democrat activists now aim to eliminate the Senate filibuster, which requires a two-thirds majority to pass…
From Broke to Billions: 5 Strategies These Billionaires Used to Get Rich
Article by R.L. Adams There are 2,043 billionaires in this world. Approximately one-quarter of them are from the United States. Millionaires? We boast roughly 16 million of them. Clearly, it’s hard to amass such a large fortune. In fact, when it comes to getting rich, a billion is an order of magnitude greater than a million. Millionaires seem to…
Quiet Rituals Behind Billionaires
If you’re reading this article, then it’s probably because you’re interested in some advice that can make you more successful. And, you might be intrigued by the term, “quiet rituals.” You’ve probably already come across more than enough articles discussing the habits of billionaires. But, you rarely come across someone discussing the quiet rituals of these incredibly…
Billionaires Lose $1.4 Trillion in First Half of 2022: Bloomberg Index
It was not only retail investors who lost a lot of money in the stock market. In the first half of 2022, the world’s richest 500 people lost $1.4 trillion, according to the Bloomberg Billionaires Index. After two years of impressive gains for the planet’s billionaires, their total net worth fell by tens of billions…
Biden’s Inflation Agenda: Build Back More Expensive
May 31, 2022
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Commentary The Biden administration’s plans to reduce inflation will make it worse even though it has accurately identified inflation as the greatest threat facing the United States. “The President’s top economic priority is tackling inflation and reducing costs for American families,” according to a White House statement released on May 10. In 2021, the budget…
The Ten Richest People That Saw Their Wealth Drop Most in 2022
Billionaires enjoyed an incredible performance in 2020 and 2021, adding nearly $2 trillion to their collective wealth during the pandemic. But the richest people on the planet are now hemorrhaging as the stock market plunges and the central banks tighten monetary policy. Elon Musk, Jeff Bezos, Mark Zuckerberg, and Larry Page are among the top…
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