Hedge fund tycoon is latest financier to exit amid fears among super-rich over tax rises

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The hedge fund billionaire Chris Rokos is poised to leave the UK, the latest in a string of high-profile exits among Britain’s super-rich.

The founder of Rokos Capital Management is preparing to move his residency to Greece, and will open an office in Athens as part of the move, according to Bloomberg.

Luna Wedler ist erst 26 Jahre alt, aber bereits ein alter Hase im Filmgeschäft. Derzeit erhält sie einen Preis nach dem anderen. Was macht die Schauspielerin aus der Schweiz aus? Eine Begegnung in Starnberg.

Hui Ka Yan also forfeits all his personal property and the company he set up is given hefty fines

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The founder of Evergrande, one of China’s largest property developers, has been sentenced to life in prison and had all of his personal property confiscated.

Hui Ka Yan, 67 and once named by Forbes as China’s richest man, with a net worth of $42.5bn (£31.2bn) in 2017, pleaded guilty in April to eight charges.

It’s simple, says the SpaceX boss – according to something called the ‘Kardashev scale’, we just have to move energy production ‘off-planet’

Next time the weather gives the UK 61 days without rain and we wonder idly if this is the end, there is a term we may whistle up to soothe us. Like murmuring the rosary, or putting our fingers in our ears and humming, this phrase is to be mumbled on repeat – “the Kardashev scale, the Kardashev scale” – a buzzy concept in tech, much favoured by Elon Musk, and precisely the thing we’ve been waiting for. The Kardashev scale is the answer both to our impending doom and our anxiety around it – and if we decide to believe in it, we won’t have to give the climate crisis a single thought until the last drip falls from the tap.

This is the idea and it’s a familiar one to anyone who has watched tech billionaires take intractable, commonplace crises and decide that, among the measures and proposals in play, the vital missing ingredient so far has been them. Do you remember when Jeff Bezos, rather than doing something quotidian and loserish like funding public education by ensuring Amazon pays the same tax rate as regular Americans, decided instead to reinvent preschools?

Emma Brockes is a Guardian columnist

Hier steigen Staatsgäste und Stars ab: Das Hotel Adlon ist die wohl berühmteste Herberge Deutschlands. Nun soll die Immobilie auf den Markt kommen. Aber wer soll sie kaufen?

As Elon Musk, Peter Thiel and their peers have grown richer and more influential, Gil Durán argues they have all but abandoned democracy – and found the perfect government to enable them

In April, Gil Durán was permanently banned from Elon Musk’s X for posting just two words. Durán was responding to a post from the tech company Palantir outlining its 22‑point “technological manifesto”, which praised American “hard power”, western culture and AI weapons, denounced inclusivity and called for compulsory national service. Durán responded: “TLDR: Fascism” (TLDR is short for “too long, didn’t read”).

Durán didn’t break any of X’s written rules, he points out over a video call from San Francisco – so much for Musk’s “free-speech absolutism”. His ban might just have had something to do with his preceding tweet, showing the cover of his new book, The Nerd Reich: Silicon Valley Fascism and the War on Democracy. The book’s central argument is that big tech is no longer our friend, as many of its billionaire owners have seized economic and political control and are steering the fate of the planet towards their own bizarre, apocalyptic visions.

Die Große Drüsenameise verursacht Stromausfälle, gesperrte Spielplätze und Aufregung unter Eltern. Jetzt rüsten die ersten Städte zum Gegenschlag.

If the prime minister wants to make the system fairer he will need to upset the professional classes with a land value tax

The professional classes act like a Praetorian Guard for the super-rich.

Having acquired some of the trappings of being rich, they defend the privileges of wealth – land, property and pensions. They do this as if they – company managers, lawyers, doctors, judges, senior civil servants, architects and chartered this and thats – were the main beneficiaries.

New prime minister urged to introduce 2% minimum charge on households with more than £100m in wealth

A wealth tax on the UK’s super-rich households could raise £10bn a year, according to academics who urged Andy Burnham to include the measure in his plans to “make tax fairer” and pay for better public services.

The sum could be raised through a 2% minimum charge on households with more than £100m in wealth and would affect fewer than 1,000 of the richest UK households, according to the study by Gabriel Zucman, a professor of economics at the Paris School of Economics, and Ben Tippet, a lecturer in economics and wealth inequality at King’s College London.

Crack flutet mittlerweile die deutschen Städte, die ausgemergelten Abhängigen ziehen sich auf offener Straße das Zeug rein. In Konsumräumen wie in Dortmund sollen Süchtige von den Straßen geholt werden. Vorbild: Zürich.

Spruiking your billionaire-coded masculinity is now an invitation to feminine mockery. Real social power doesn’t come from trinkets or trophies

Consider yourself forewarned, lads; while Reuters has catalogued the toys in the “luxury playbook” being marketed to new squillionaires, social media suggests there’s a new status symbol for the aspirational “alpha male”. And it’s not a Birkin-for-boys – even if Erling Haaland is wearing one.

We are in a moment where traditional status symbols have been upended by a reluctance to imbue objects – or relationships – with their heritage prestige. As a feminist, I propose, with pride, that women are to blame.

Newly minted rich and those anticipating huge IPOs are fueling buying and charter spree in the private jet sector

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Aviation lawyer Amanda Applegate skipped her annual vacation last month as a surge of wealth from AI startups and SpaceX sent a wave of tech investors shopping for private jets, ⁠burying her in paperwork for aircraft-purchase agreements.

The ⁠attorney, based in Cleveland, Ohio, attributed the rush to a handful ​of major “liquidity events” in the tech industry. The initial public offering (IPO) of Elon Musk’s SpaceX, whose holdings include artificial-intelligence firm xAI, raised a record $85.7bn for the company and generated unprecedented employee and founder wealth.

Billionaires’ wealth grew by 25% on average in the year ended in April, research from Swiss bank UBS finds

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The number of billionaires in the world has jumped by 13% to a record 3,302 people, new figures show, as the super-rich accumulate wealth at an accelerating rate.

Billionaires’ wealth grew by 25% on average in the year ended in April, compared with a 10.8% rise in average personal wealth around the world, the Swiss bank UBS found.

A pair of debenture tickets changed hands this week for a sum far beyond the means of ordinary tennis fans

Like many of us, Marcos Ortega enters the Wimbledon public ticket ballot every year in the hope of seeing some championship tennis. In seven straight years of trying, however, he has never got lucky. So he was delighted – initially, at least – to learn there was a way to secure a ticket for every game played on Centre Court.

But Ortega’s hopeful delight quickly turned to anger when he discovered that it would cost him £293,000.

Sellers of luxury villas have wiped tens of millions of pounds off asking prices, with sales down 19% in May from the previous month

Property sales in Dubai have fallen “off a cliff”, a leading market watcher has said, after war in the Middle East forced a dramatic slowdown in one of the world’s most expensive real estate markets.

Sales in the city dropped 19% in May compared with the previous month, accelerating from a 4% drop in April, the researcher ValuStrat found.

Just as the ‘poverty line’ determines what’s required for basic living, we need a ‘wealth line’ to show when extreme wealth becomes harmful

It was bound to happen eventually: Elon Musk has become the planet’s first trillionaire. Until recently, economists who spoke about “trillions” were describing the GDP of the largest economies or the accumulated value of bequests on their way to the heirs of today’s billionaires. The term is not often used in daily conversation, let alone to describe the wealth of an individual.

But now we have entered a new phase of the oligarchic era. Previously, when we described the wealth of the world’s richest billionaires, it was understood as a few hundred billions. Three years ago, the value of Musk’s total assets was estimated to be about $250bn. The pace at which it has increased is mind-boggling – and so is what it represents.