Should cities levy a special tax on absentee homeowners? The Fiscal Policy Institute thinks New York City should, and has proposed a special levy on vacation houses and other properties which owner-occupants don't use as full-time residences. Naturally …

Many 21st-century billionaires have made their piles from stock investments. On the reverse side, this means that they could also lose their billions on account of stock values. As a case in point, the prices of stocks in large Korean corporations in …

Their combined wealth grew last year by $270 billion – a 13 percent increase. These billionaires now own more wealth than the bottom half of America – more than 150 million people. While the very rich become richer, most Americans have become poorer.

Billionaires can be fascinating — and not just because of the fortunes they amass. They buy islands and media organizations, experiment with space travel, and have larger-than-life personalities. They also become proxies in national political debates …

Hardcore homophobes and playful pop culture often present the gays, especially gay men, as brunch-eating, artisanal cocktail swigging, shopping-spreeing, swinging singles with disposable income. Shockingly, this is a myth and not reality. A new report …

This premier event attracts billionaires and major leaders of Industries across the global spectrum who convene at a round table to discuss economics as it relates to financial tenacity and resolutions towards the establishment of a strategic framework.

Eight of the top 20 global billionaire cities are located in Asia, "a further indication that Asia is at the beginning of a new cycle in wealth creation," the study said. "And only two of the top 20 cities are located in the United States, despite it …

CORRUPTION WATCH-The City of Los Angeles has given hundreds of millions of dollars in tax breaks to major real estate developers to build high-rise hotels and offices. This is a new form of welfare…for billionaires only. What is the purpose of this money?

14 Billionaires Who Started With Nothing — Including Jack Ma And Larry Ellison. |. Business Insider. 5 days ago. Jan Koum, the CEO and cofounder of WhatsApp, once lived on food stamps before. Jack Ma taught English before founding Alibaba in 1999.