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satoshisan
2021-07-08

[Surprised]

Steve Ballmer Becomes Ninth Member of the $100 Billion Club

Ex-Microsoft CEO’s fortune has risen $20.1 billion this year Oracle’s Ellison is also closing in on

Steve Ballmer Becomes Ninth Member of the $100 Billion Club

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In addition to being mostly technology chiefs, the group is also largely <a href=\"https://laohu8.com/S/AFG\">American</a>, with French luxury goods mogul Bernard Arnault the only exception.</p>\n<p>The $100 Billion Club</p>\n<p>Larry Ellison is about $1 billion away from joining</p>\n<p>Source: Bloomberg Billionaires Index</p>\n<p>While the stock rally has boosted the fortunes of the world’s richest, it’s also renewed scrutiny of wealth inequality and taxes. Using leaked confidential tax return data, news outlet ProPublica reported last month that Bezos,Elon Muskand other top billionaires hadpaid little to no income taxin some years, leading to calls from Senate Finance Committee Chairman Ron Wyden, an Oregon Democrat, and others to reexamine the tax code.</p>\n<p>President Joe Biden is pushing a broad of package of tax changes that aim to force the wealthy to hand over more of their money. He wants to double the capital gains tax to a top rate of 39.6% and toughen rules governing trusts, estates and other vehicles often used by millionaires and billionaires to reduce their tax bills.</p>\n<p>“The persistent lack of wealth for large shares of Americans is striking,” said Kenan Fikri, director of research atEconomic Innovation Group, a <a href=\"https://laohu8.com/S/WASH\">Washington</a>-based think tank started by tech entrepreneurs including Napster Inc. co-founder Sean Parker. “Markets are reaching historic highs but far too few people see any direct economic benefit from it.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Steve Ballmer Becomes Ninth Member of the $100 Billion Club</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSteve Ballmer Becomes Ninth Member of the $100 Billion Club\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-08 09:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-07-07/steve-ballmer-becomes-ninth-member-of-the-100-billion-club?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Ex-Microsoft CEO’s fortune has risen $20.1 billion this year\nOracle’s Ellison is also closing in on that wealth plateau\n\nOne of the world’s most exclusive clubs just got a new member, with a second ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-07-07/steve-ballmer-becomes-ninth-member-of-the-100-billion-club?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-07-07/steve-ballmer-becomes-ninth-member-of-the-100-billion-club?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105813067","content_text":"Ex-Microsoft CEO’s fortune has risen $20.1 billion this year\nOracle’s Ellison is also closing in on that wealth plateau\n\nOne of the world’s most exclusive clubs just got a new member, with a second aspirant knocking on the door.\nSteve Ballmer, the former chief executive officer of Microsoft Corp., has a net worth of more than $100 billion, making him the ninth person in the world to reach that lofty plateau. Oracle Corp. founderLarry Ellisonfell just short of making it an even 10, ending Wednesday with a fortune of $98.6 billion, according to theBloomberg Billionaires Index.\nBallmer, 65, who stepped down as Microsoft’s CEO in 2014 and now owns the NBA’s Los Angeles Clippers, has seen his wealth grow by $20.1 billion this year, while Ellison has added $18.9 billion.\nA rally in tech shares has fueled the latest surge in wealth, with seven of those above the $100 billion mark deriving their fortunes from technology companies. Amazon.com Inc.’sJeff Bezos, the world’s richest person, has been among thebiggestrecipients of that rally and now has a record net worth of $212.1 billion.\nTogether, the nine members of the club -- along with Ellison -- have added about $245 billion to their fortunes since the start of the year and are now collectively worth $1.36 trillion. In addition to being mostly technology chiefs, the group is also largely American, with French luxury goods mogul Bernard Arnault the only exception.\nThe $100 Billion Club\nLarry Ellison is about $1 billion away from joining\nSource: Bloomberg Billionaires Index\nWhile the stock rally has boosted the fortunes of the world’s richest, it’s also renewed scrutiny of wealth inequality and taxes. Using leaked confidential tax return data, news outlet ProPublica reported last month that Bezos,Elon Muskand other top billionaires hadpaid little to no income taxin some years, leading to calls from Senate Finance Committee Chairman Ron Wyden, an Oregon Democrat, and others to reexamine the tax code.\nPresident Joe Biden is pushing a broad of package of tax changes that aim to force the wealthy to hand over more of their money. He wants to double the capital gains tax to a top rate of 39.6% and toughen rules governing trusts, estates and other vehicles often used by millionaires and billionaires to reduce their tax bills.\n“The persistent lack of wealth for large shares of Americans is striking,” said Kenan Fikri, director of research atEconomic Innovation Group, a Washington-based think tank started by tech entrepreneurs including Napster Inc. co-founder Sean Parker. “Markets are reaching historic highs but far too few people see any direct economic benefit from it.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":162,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":11,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}