California advocacy group receives $3 million contribution from billionaire Pete Thiel to oppose wealth tax
Peter Thiel Donates to Fight California’s Wealth Tax Peter Thiel isn’t saying much after making a significant $3 million donation to a lobbying group focused on blocking a contentious wealth tax in California. The co-founder of Palantir reportedly contributed this sum to the California Business Roundtable on December 29, as revealed by The New York […]
Understanding California’s suggested ‘Billionaire Tax’ and the wealthy leaving to avoid it
California’s Proposed Billionaire Tax Act of 2026 California is considering the Billionaire Tax Act of 2026, which might be on the ballot in November 2026. This act would introduce a one-time tax targeting the state’s wealthiest individuals. Specifically, it proposes a 5% tax on personal wealth exceeding $1 billion, and it would be retroactive to […]
California’s wealth drops an astonishing $1 trillion in just one month due to concerns over a ‘Billionaire Tax,’ according to a wealth expert.
California has seen an astonishing loss of nearly $1 trillion in wealth over the last month, primarily due to worries surrounding a proposed “billionaire tax,” as noted by a prominent state resident. This significant measure, which even left-leaning Governor Gavin Newsom opposes, would introduce a one-time 5% tax on individuals with assets exceeding $1 billion […]
Billionaire Bill Ackman Gives $10,000 to ICE Officer Involved in Fatal Minneapolis Shooting
Bill Ackman Raises Funds for ICE Officer Involved in Shooting Billionaire investor Bill Ackman shared that he contributed to a fundraising effort for the U.S. Immigration and Customs Enforcement (ICE) officer who fatally shot a woman in Minneapolis on Wednesday. He also mentioned attempting to provide support to the victim’s family. Ackman donated $10,000 to […]
Investment firm of ‘invisible billionaire’ sees 73% growth in 2025
Bluecrest Capital Management’s Strong Performance The private investment firm founded by billionaire Michael Platt, who has a unique backstory of learning to invest from his grandmother, continues to see impressive profits. The firm reported a return of approximately 73% last year after choosing to return external capital in 2015. Bluecrest Capital Management transitioned from a […]
Billionaire brothers from New Zealand spend over $65M on burned Malibu properties with a plan to construct prefab houses.
Billionaire Brothers Buy Burned Malibu Land for Prefab Homes New Zealand billionaire brothers have acquired 16 acres of beachfront property in Malibu, which was ravaged by a fire last year. They’ve dedicated over $65 million to plans for building prefabricated homes on the site. Nick and Matt Mowbray, co-founders of the toy company Zuru, intend […]
Two Smart Stocks This Billionaire is Investing In for 2026
Third Point’s Notable Moves in Q3 Since its inception in 1995, Daniel Loeb and Third Point Management have managed to achieve impressive results. Whenever they make moves in the market, it’s worth taking note, especially with the two stocks they’ve recently acquired in the third quarter—the outlook for these investments appears quite promising. Recently, we’ve […]
Israeli tech billionaire calls on Americans to ‘restrict the First Amendment’
Shlomo Kramer, the co-founder and CEO of Cato Networks, ignited a wave of criticism online after suggesting that Americans should consider “limiting the First Amendment.” He argued that democracies need to take action against emerging threats by regulating online speech before it becomes too late. Kramer, who has a background as a serial entrepreneur and […]
Billionaire tax plan prompts reflection among Californians
California Billionaire Tax Proposal Sparks Controversy The ongoing debate surrounding a ballot initiative aimed at taxing California’s wealthiest individuals has triggered some serious self-reflection across the state. While the proposal for a one-time tax on those with over $1 billion in assets has yet to reach the ballot—and will ultimately depend on voter approval in […]
California billionaire tax plan may lead to unintended consequences, warns Washington Post
The Washington Post Editorial Board has issued a warning to California regarding its proposed aggressive tax increases aimed at the ultra-wealthy, suggesting such measures could have unintended consequences, potentially driving billionaires out of the state. In a recent editorial titled “California Will Be Lonely Without Its Billionaires,” the board expressed concerns about the economic repercussions […]