When Money Doesn’t Matter: Up Close & Personal With The Son of a Chinese Billionaire

Kai (not his real name) didn’t think much of the United States but he lived here because it gave him freedom from his parents who otherwise might object to his constant whoremongering and general slothfulness. His father was (is) a government official who couldn’t fully flaunt his fortune since it would make his corruption a bit too obvious, and I suppose that cramped standard of living—spending a million dollars on a single piece of furniture instead of a private jet—was too limiting for Kai.

Sheryl Sandberg Is a Billionaire

As of Tuesday, there is one more lady billionaire in the world. For the New Yorker, Vauhini Vara talks about why it matters.

David Letterman Pokes Fun at the 0.1 Percent

David Letterman has a satirical book out today called This Land Was Made for You and Me (But Mostly Me), which pokes fun at the 0.1 percent (the tagline for the book is “Billionaires in the Wild”), and talked to the New York Times about it with illustrator Bruce McCall.

The Richest Americans

Forbes has come out with their latest list of the 400 richest Americans and Bill Gates is again on top with a net worth of $72 billion. According to the magazine, 30 people who were on the list last year dropped off either because they died like “surround sound pioneer Ray Dolby” or lost money due to costly bets like T. Boone Pickens. The youngest billionaires on the list (AKA those under 45) tend to come from the tech industry like Facebook co-founders Dustin Moskovitz and Mark Zuckerberg, those Google guys (Sergey and Larry), Twitter and Square’s Jack Dorsey, and GoPro’s Nick Woodman. The richest women on the list are from the Walmart family: Christy Walton, who ranks at number six and Alice Walton who ranks at number eight. The richest person of color appears to be Patrick Soon-Siong who made his fortune working in pharmaceuticals.

Billionaire Wishes He Was Billionaire-er

Forbes’s popular billionaires issue is out and Prince Alwaleed Bin Talal Alsaud is number 26 on the list—but he’d really, really like to have a higher ranking.

12 Percent of Billionaires Are Virgos

On February 15, a 10-ton meteor entered the atmosphere at 33,000 miles per hour and exploded in the sky over the Russian town of Chelyabinsk with a force 20 times more powerful than the atomic bomb at Hiroshima.

Since Buying This Election Didn’t Work, Will Big Business Give Up on Buying Elections?

The 0.1 Percent

Chrystia Freeland has talked to a lot of billionaires over the last two decades, and now has a new book out about the 0.1 percent.