Fortunes of the country’s 22 billionaires doubled in last five years, reaching unprecedented collective wealth of $219bnScrunched between luxury apartment buildings and a lush gated community, the neighborhood of Santa Lucía Reacomodo in Mexico City is a working-class pocket of real estate. Electrical wires tangle above cinder-block houses, stray cats slink down narrow streets, debris piles up on the pavement.María del Socorro Corona, 79, arrived here decades ago, back when it was just a cactus-
Fortunes of the country’s 22 billionaires doubled in last five years, reaching unprecedented collective wealth of $219bn
Scrunched between luxury apartment buildings and a lush gated community, the neighborhood of Santa Lucía Reacomodo in Mexico City is a working-class pocket of real estate. Electrical wires tangle above cinder-block houses, stray cats slink down narrow streets, debris piles up on the pavement.
María del Socorro Corona, 79, arrived here decades ago, back when it was just a cactus-covered hillside. The two-bedroom turquoise house she built with her now-deceased husband is crammed with bags of clothes and knick-knacks she sells at a weekly market.
Payment for Inditex founder, the world’s 15 richest person, tops last year’s dividend of €3.1bnThe billionaire founder of Zara is to receive a company record €3.23bn (£2.8bn) dividend this year from the world’s biggest fashion retailer.Amancio Ortega, who still controls 59% of Spain’s Inditex and whose daughter Marta Ortega Pérez is now chair, will receive half his dividend in May and half in November – as will other shareholders. Continue reading...
Payment for Inditex founder, the world’s 15 richest person, tops last year’s dividend of €3.1bn
The billionaire founder of Zara is to receive a company record €3.23bn (£2.8bn) dividend this year from the world’s biggest fashion retailer.
Amancio Ortega, who still controls 59% of Spain’s Inditex and whose daughter Marta Ortega Pérez is now chair, will receive half his dividend in May and half in November – as will other shareholders.
The city was portrayed as an aspirational place to live, but now those who moved there are realising the precarity that comes with being an economic migrantTo be fooled by a mirage, you needn’t be lost in the desert. Sometimes, the illusion is strongest just when you thought you were safely home, posting from the pool about your teenage daughter’s spa party and your own glittering life in a city where “the possibilities are endless”, as they tend to be for billionaires’ daughters living in tax h
The city was portrayed as an aspirational place to live, but now those who moved there are realising the precarity that comes with being an economic migrant
To be fooled by a mirage, you needn’t be lost in the desert. Sometimes, the illusion is strongest just when you thought you were safely home, posting from the pool about your teenage daughter’s spa party and your own glittering life in a city where “the possibilities are endless”, as they tend to be for billionaires’ daughters living in tax havens. Only then does the fantasy explode in a puff of intercepted missile smoke, leaving just another woman in her pyjamas telling Instagram (as Petra Ecclestone did at the weekend) that she moved to Dubai “to feel safe” and war was never mentioned in the small print.
Who could have guessed that living a few hundred miles as the drone flies from Tehran might have risks? Certainly not the anonymous hedge funder who fumed to the Financial Times that “the trade was not that you were getting exposed to geopolitics”.
Insider says demand is far outstripping supply and calls for creation of air bridges to evacuate people from Middle EastMiddle East crisis live – latest updatesPlanes are always urgently sought out when a crisis strikes somewhere in the world. Since the US-Israel war against Iran started on Saturday, demand has outstripped supply with thousands of people stranded in the Middle East frantically searching for an exit route.While many are reliant on governments to dispatch aircraft to evacuate them
Planes are always urgently sought out when a crisis strikes somewhere in the world. Since the US-Israel war against Iran started on Saturday, demand has outstripped supply with thousands of people stranded in the Middle East frantically searching for an exit route.
While many are reliant on governments to dispatch aircraft to evacuate them, those with the financial means can look at a more expensive and much speedier option – a private jet. Matt Purton, the director of aviation services at UK-based global company Air Charter Service, is the man some of them have on speed dial.
Friedrich Merz has called for greater European unity, but he did not publicly object to the president rebuking Spain and Britain during an Oval Office meeting.
Friedrich Merz has called for greater European unity, but he did not publicly object to the president rebuking Spain and Britain during an Oval Office meeting.
President Trump with Friedrich Merz, the chancellor of Germany, in the Oval Office on Tuesday. Mr. Merz did not object as Mr. Trump rebuked European allies.
Olivier De Schutter says new economic agenda needed to tackle crises of rising inequality and ecological collapseThe global economy must be reordered to ensure it serves ordinary people around the world rather than the “frivolous and destructive demands of the ultra-rich”, according to a leading UN figure.Olivier De Schutter, the UN special rapporteur on extreme poverty and human rights, says politicians must stop prioritising “socially and ecologically destructive growth” that only increases th
Olivier De Schutter says new economic agenda needed to tackle crises of rising inequality and ecological collapse
The global economy must be reordered to ensure it serves ordinary people around the world rather than the “frivolous and destructive demands of the ultra-rich”, according to a leading UN figure.
Olivier De Schutter, the UN special rapporteur on extreme poverty and human rights, says politicians must stop prioritising “socially and ecologically destructive growth” that only increases the profits – and serves the consumption demands – of the world’s richest individuals and corporations.
Johannes Lochner hat sich nach dem Erfolg im Zweierbob auch Gold im Viererbob gesichert. Silber ging seinen Dauerrivalen Francesco Friedrich. Der Schweizer Vogt holte Bronze.
Johannes Lochner hat sich nach dem Erfolg im Zweierbob auch Gold im Viererbob gesichert. Silber ging seinen Dauerrivalen Francesco Friedrich. Der Schweizer Vogt holte Bronze.
HMRC figures show 11% rise in young million-pound earners, with influencers and tech pay cited as keyTheir generation is often derided for being work-shy, self-centred and overly sensitive. But when it comes to making money, people under 30 are proving they are something else entirely: successful.A record 1,000 taxpayers under 30 earned more than £1m last year, an 11% increase on the year before, HMRC records show. Continue reading...
HMRC figures show 11% rise in young million-pound earners, with influencers and tech pay cited as key
Their generation is often derided for being work-shy, self-centred and overly sensitive. But when it comes to making money, people under 30 are proving they are something else entirely: successful.
A record 1,000 taxpayers under 30 earned more than £1m last year, an 11% increase on the year before, HMRC records show.
With their profile and vile words, these malign provocateurs are tearing down decency’s guardrailsIt lacks the elegance of “greed is good”, but as a distillation of the spirit of the age, it’s right up there. “I feel liberated,” a top banker told the Financial Times shortly after Donald Trump’s victory in the 2024 US presidential election. “We can say ‘retard’ and ‘pussy’ without the fear of getting cancelled … it’s a new dawn.”So that’s what they meant by “vibe shift”. Though, as the Epstein fi
With their profile and vile words, these malign provocateurs are tearing down decency’s guardrails
It lacks the elegance of “greed is good”, but as a distillation of the spirit of the age, it’s right up there. “I feel liberated,” a top banker told the Financial Times shortly after Donald Trump’s victory in the 2024 US presidential election. “We can say ‘retard’ and ‘pussy’ without the fear of getting cancelled … it’s a new dawn.”
So that’s what they meant by “vibe shift”. Though, as the Epstein files reveal daily, the top 0.01% were hardly primly biting their tongues before Trump’s win, at least not in private. Those with telephone-number fortunes and great power felt able to speak, and write, to each other about women in language so vicious, so filled with hate – women discussed as body parts, as “less than human”, in Gordon Brown’s apt phrase – that they didn’t need the encouragement of a “grab ’em by the pussy” president to cast off their inhibitions.
Jonathan Freedland is a Guardian columnist
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Bankers and billionaires are flocking to the city where income tax is zero but critics say it ignores money laundering – and pay disparities are huge Business live – latest updatesAidan Doyle was an estate agent in Liverpool before he decamped to Dubai and turned a £30,000 annual income into £500,000 a year and climbing.Acting as an agent for buyers and sellers, Doyle has seen his commission soar beyond anything he could hope to generate in the UK after just three years in the city, one of seven
Aidan Doyle was an estate agent in Liverpool before he decamped to Dubai and turned a £30,000 annual income into £500,000 a year and climbing.
Acting as an agent for buyers and sellers, Doyle has seen his commission soar beyond anything he could hope to generate in the UK after just three years in the city, one of seven city-states in the United Arab Emirates.
Billionaires and intellectuals attended events with the disgraced financier years after he served time for sex offense, files revealNewly released emails and travel itineraries appear to show that for years after Jeffrey Epstein served time for procuring underage girls for prostitution, he continued to attend exclusive dinners alongside Silicon Valley’s most famous billionaires.The emails, part of a trove released by the Department of Justice on Friday, show that as late as 2018, Epstein was inv
Billionaires and intellectuals attended events with the disgraced financier years after he served time for sex offense, files reveal
Newly released emails and travel itineraries appear to show that for years after Jeffrey Epstein served time for procuring underage girls for prostitution, he continued to attend exclusive dinners alongside Silicon Valley’s most famous billionaires.
The emails, part of a trove released by the Department of Justice on Friday, show that as late as 2018, Epstein was invited to or attended dinnersalongside the likes of Elon Musk, Jeff Bezos, Google founders Larry Page and Sergey Brin, Twitter co-founder Evan Williams, Microsoft founder Bill Gates, and Google vice-president and later Yahoo CEO Marissa Mayer.
Harry Styles is highest-contributing celebrity and Erling Haaland the youngest entry in Sunday Times tax listTim Martin, Harry Styles, Ed Sheeran, Erling Haaland and Mo Salah are among the UK’s 100 biggest taxpayers, according to new rankings.The billionaire brothers behind the gambling firm Betfred topped the Sunday Times 2026 tax List. Fred and Peter Done paid £400.1m in tax, about half of which relates to gambling duty from their betting shop empire. Continue reading...
Harry Styles is highest-contributing celebrity and Erling Haaland the youngest entry in Sunday Times tax list
Tim Martin, Harry Styles, Ed Sheeran, Erling Haaland and Mo Salah are among the UK’s 100 biggest taxpayers, according to new rankings.
The billionaire brothers behind the gambling firm Betfredtopped the Sunday Times 2026 tax List. Fred and Peter Done paid £400.1m in tax, about half of which relates to gambling duty from their betting shop empire.
Seit vier Wochen kämpfen die Ärzte darum, dass die teils schwerst verletzten Brandopfer von Crans-Montana überleben. In einem Fall haben sie den Kampf nun verloren.
Seit vier Wochen kämpfen die Ärzte darum, dass die teils schwerst verletzten Brandopfer von Crans-Montana überleben. In einem Fall haben sie den Kampf nun verloren.
Mark Ruffalo, Brian Eno and Abigail Disney sign letter timed for WEF in Davos saying wealthy are buying political influenceNearly 400 millionaires and billionaires from 24 countries are calling on global leaders to increase taxes on the super-rich, amid growing concern that the wealthiest in society are buying political influence.An open letter, released to coincide with the World Economic Forum in Davos, calls on global leaders attending this week’s conference to close the widening gap between
Mark Ruffalo, Brian Eno and Abigail Disney sign letter timed for WEF in Davos saying wealthy are buying political influence
Nearly 400 millionaires and billionaires from 24 countries are calling on global leaders to increase taxes on the super-rich, amid growing concern that the wealthiest in society are buying political influence.
An open letter, released to coincide with the World Economic Forum in Davos, calls on global leaders attending this week’s conference to close the widening gap between the super-rich and everyone else.
Economic inequality is at the heart of all humanity’s major problems, but the wealthiest refuse to confront a system that benefits themThis week, hundreds of government leaders, heads of state, and business executives are gathering at the annual meeting of the World Economic Forum (WEF) in Davos. They will be discussing solutions to the world’s biggest risks and problems.But everything suggests that, once more, what will not be addressed at their meeting is the biggest threat to humanity and the
Economic inequality is at the heart of all humanity’s major problems, but the wealthiest refuse to confront a system that benefits them
This week, hundreds of government leaders, heads of state, and business executives are gathering at the annual meeting of the World Economic Forum (WEF) in Davos. They will be discussing solutions to the world’s biggest risks and problems.
But everything suggests that, once more, what will not be addressed at their meeting is the biggest threat to humanity and the planet: neoliberal capitalism.
Ingrid Robeyns is an economist and philosopher, and holds the chair in ethics of institutions at Utrecht University. Her most recent book is Limitarianism: The Case Against Extreme Wealth
Diese Woche trifft sich die globale Geld-Elite beim Weltwirtschaftsforum. Auch Donald Trump kommt persönlich vorbei und mit ihm die Aussicht auf eine neue Eskalationsstufe der Weltpolitik – sei es in Grönland, in der Ukraine oder in Iran.
Diese Woche trifft sich die globale Geld-Elite beim Weltwirtschaftsforum. Auch Donald Trump kommt persönlich vorbei und mit ihm die Aussicht auf eine neue Eskalationsstufe der Weltpolitik – sei es in Grönland, in der Ukraine oder in Iran.
There are many excuses for failing to tax the ultra-wealthy. The truth is that governments don’t tackle the problem because they don’t want toThere is one political problem from which all others follow. It is the major cause of Donald Trump, of Nigel Farage, of the shocking weakness of their opponents, of the polarisation tearing societies apart, of the devastation of the living world. It is simply stated: the extreme wealth of a small number of people.It can also be quantified. The World Inequa
There are many excuses for failing to tax the ultra-wealthy. The truth is that governments don’t tackle the problem because they don’t want to
There is one political problem from which all others follow. It is the major cause of Donald Trump, of Nigel Farage, of the shocking weakness of their opponents, of the polarisation tearing societies apart, of the devastation of the living world. It is simply stated: the extreme wealth of a small number of people.
It can also be quantified. The World Inequality Report (WIR) 2026 shows that about 56,000 people – 0.001% of the global population – corral three times more wealth than the poorest half of humanity. They afflict almost every country. In the UK, for example, 50 families hold more wealth than 50% of the population combined.
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