Billionaires

Business
Chuck Feeney's foundation achieves the goal of donating $8 billion fortune

Chuck Feeney, an Irish American who made billions from a duty-free shopping empire, has achieved the goal of giving away his $8 billion fortune through his Atlantic Philanthropies foundation and has signed papers to formally close it.

Feeny who lives in a small rented apartment in San Francisco has stated that "to those wondering about Giving While Living: try it, you’ll like it".

Business • Consumer & Service
Protesters set up a guillotine outside Jeff Bezos' mansion and demanded higher wages for Amazon workers
Protesters set up a guillotine outside Jeff Bezos' mansion and demanded higher wages for Amazon workers
Credit: Twitter (Reproduction)

Demonstrators gathered outside Jeff Bezos' mansion Thursday and constructed a guillotine outside his front door to protest Amazon workers' wages. The protest came the day after Bezos became the wealthiest person in history, according to Forbes, with a net worth surpassed $200 billion.

Protesters, led by former warehouse worker and outspoken Amazon critic Christian Smalls, called on the company to raise its minimum wage to $30 per hour.

Business • Economy
Jeff Bezos' net worth surpasses $200b
Jeff Bezos at Amazon Spheres Grand Opening in Seattle, 2018
Jeff Bezos at Amazon Spheres Grand Opening in Seattle, 2018 Credit: Seattle City Council from Seattle / Wikimedia Commons (Creative Commons Attribution 2.0)

Amazon CEO Jeff Bezos' net worth has reached approx. $202 billion, a $87 billion increase since January. Amazon's stock has seen a 25%-rise since June and 86%-rise since the start of the year, boosted mostly by online shopping during the pandemic.

Business • Economy
US billionaires net worth rises by $565 billion during Covid-19 pandemic

The economical consequences of the Covid-19 have been unprecedented for the United States. Over the past eleven weeks, 42.6 million Americans have filed for unemployment benefits with black Americans being disproportionately affected. In contrast to this, the net worth of the American billionaires has grown 20% - in numbers by $565 billion - according to a report by the Institute for Policy Studies.