Articles on Billionaires

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The global economy enables a wealthy elite to accumulate vast fortunes while hundreds of millions of people struggle to survive on low wages, according to an Oxfam report. EPA/Mast Irham

Inequality is not inevitable, it’s a policy choice, says Oxfam

The rich have to be taxed more and the poor need to be paid more, according to Oxfam International head of inequality policy Max Lawson.
Jeff Bezos is now the richest person in the world. Reed Saxon/AP Photo

The world on a billionaire’s budget

There are about 2,000 billionaires in the world, controlling over $7.6 trillion. How does that compare to the income of an average American?
Businessman and philanthropist Joe Ricketts shut down DNAinfo and Gothamist after his workers voted to unionize. Dave Weaver/AP Photo

In an era of billionaire media moguls, do press unions stand a chance?

Joe Ricketts abruptly shut down DNAinfo and Gothamist after his employees voted to unionize. Is what he did legal? And how could similar events be prevented in the future?
Laurene Powell Jobs, founder and chair of the Emerson Collective. Gus Ruelas/Reuters

The slippery slope of the oligarchy media model

There are some benefits to the uptick in billionaire newspaper and magazine owners, who can weather short-term losses for the sake of long-term gains. But whose interests are really being served?

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