Elon Musk has perhaps been the most bullish on AI’s potential to reshape the world, predicting that work will eventually become optional, goods and services will become abundant, and money could become irrelevant as AI drives toward a “universal high income.” But fellow billionaire Michael Saylor isn’t quite buying it. “Everybody doesn’t get a Hampton’s
Google co-founder Sergey Brin has now spent more than nine figures combating California’s proposed wealth tax. According to a filing from Friday, Brin donated an additional $20 million to Building a Better California, a PAC and political advocacy organization opposing the state’s billionaire tax and supporting other pro-business policies and housing and infrastructure affordability. He
It’s every worker’s dream: You work hard and climb the ladder until eventually you’re rewarded with an executive title and cushy salary to go with it. But according to Huffington Post founder Arianna Huffington, the reality isn’t quite as glamorous as it looks—and plenty of CEOs, she says, are desperate to quit, despite seemingly having
Baby boomers are sitting on immense wealth after benefiting from a historic era of economic growth and financial gains, but heirs shouldn’t get their hopes up too much. Estimates of the so-called Great Wealth Transfer vary, reaching as high as $124 trillion. A report last month from Visa Business and Economic Insights put the number at
Staying at one company for decades was once a badge of honor. But as layoffs have become more common and workers have turned to job hopping for higher pay and career growth, employee loyalty has become harder to find. Billionaire investor Bill Ackman, however, still believes earning employee loyalty is worth every penny. That’s why
SpaceX pulled off a successful launch last Friday evening at its Starbase facility in South Texas, sending its Starship rocket into orbit. It hasn’t stopped Elon Musk’s fortune from falling back to Earth. The world’s first trillionaire is now poorer than he was before SpaceX’s initial public offering priced last month, according to the Bloomberg Billionaires Index.