The federal minimum wage has not been raised in more than a decade, but Democrats are pushing to increase it to $15 an hour.
Palihapitiya is a corporate-friendly, Third Way centrist, with a sprinkle of social justice rhetoric but also an intense devotion to libertarian free-market triumphalism.
Jeff Bezos' ex-wife has donated nearly $6 billion thus far in 2020, after signing the Giving Pledge following her divorce from the Amazon founder last year.
The report pointed to 12 companies—dubbed the "Delinquent Dozen"—that it said have driven "exploding inequality" in American society.
The wealth of Tesla chief executive Elon Musk skyrocketed 277 percent from March to October. Meanwhile, almost 62 million Americans lost work between March 21 and September 19.
Just days after calling Biden "a servant of wealthy donors," Trump is attending a private, $100,000-per person California fundraiser hosted by tech entrepreneur Palmer Luckey.
The near-$150 billion premium came as demands for key vaccines and medications increased, and health services across the world were left feeling the strain.
"At a time of enormous economic pain and suffering, we have a fundamental choice to make," Senator Bernie Sanders wrote.
Several Russian health officials have denied the allegation.
Disney, who's great uncle was Walt Disney, called on governments to tax millionaires and billionaires more, especially now as people have suffered financially from the COVID-19 pandemic.
The president expressed concern over vows made by Steyer and Bloomberg that they'll donate to any Democratic Party nominee.
"He is spending hundreds and hundreds of millions of dollars to buy the election," the Vermont senator said about Bloomberg. "There's something wrong with that."
The Bloomberg Billionaires Index shows that the world's 500 richest people combined grew their wealth by $1.2 trillion in the past year.
A Buttigieg spokesperson emphasized to Newsweek that the email was "not from our campaign."
Buttigieg recently faced direct criticism from fellow Democratic presidential candidate Senator Elizabeth Warren over the fundraisers.
"They have taken a decision that they will allow employees at an institution that they fund to go hungry," Timour Azhari, a journalist who resigned from his position this week, told Newsweek. "They definitely have the money to pay."
After the billionaire and possible presidential candidate reportedly spent over $30 million on ads, Bernie Sanders criticized the move, saying Bloomberg can't "buy this election."
Trump 2020 press secretary Kayleigh McEnany argued in response that the Democratic presidential candidate wants to "abolish the American dream."
Warren "vilifies successful people," says Jamie Dimon, CEO of JPMorgan Chase. Rubbish. Being a billionaire has nothing to do a with being successful in free market capitalism.Rubbish.
The Microsoft founder is on course to replace the Amazon CEO as the top billionaire after recent share price changes.
The Massachusetts senator and leading Democratic 2020 candidate is proposing a wealth tax on the richest households.
The French businessman helms the worlds largest luxury goods company.
The Fondation du Patrimoine, a private body that protects French heritage, said it intends to launch an international appeal for donations to help rebuild the cathedral.
The New York congresswoman was responding to a tweet about why psychopathic CEOs might be a good thing.
The world's billionaires grew their fortunes by $900 billion in 2018.
The world's richest people added $1.4 trillion to their fortunes last year as the gap continued to widen between the super-wealthy and everyone else.
A billionaire GOP megadonor has switched sides, and is now pledging to support the Democratic party.
Although Russia's elite may be holding onto their wealth despite U.S.-led efforts to target the economy, the working class and poorer communities may not be faring so well.