On Donald Trump: A man and his wealth

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Article by Karamo Muchuri Sulieman republished from People’s World under http://creativecommons.org/licenses/by-nc-nd/3.0/us/.

AP

U.S. Presidents have been known for their wealth. George Washington was one of the wealthiest men of his day and a slave owner. The vast estate of Mt. Vernon accounts for a considerable amount of wealth for his day. When the current price of land and livestock is added, it is difficult to ascertain. However, reliable sources say that George Washington’s assets upon entering the presidency, adjusted for inflation, were approximately $594 million in today’s money. About the only good thing one can say about this vast estate is that one part did not wish to be counted, and that was due to Ona Judge, who refused to be his slave and escaped to New Hampshire. They say Washington’s salary alone was approximately worth 2% of the national budget. In terms of relativity, it would amount to billions of dollars. 

Perhaps Donald Trump is a little better than George Washington. No, he did not dispatch the Secretary of the Treasury to bring back an escaped slave. Yet he presides over a nation with a minimum wage of $7.25, at a time when the average rent for a one-bedroom apartment ranges from $1,510 to $1,642. Many readers believe fast-food workers work 40  hours a week, when in reality many only work 30 hours, and some only work during lunch time for only 15 hours. Perhaps this is the modern-day version of chattel slavery. But reports vary: some say Trump’s personal fortune has risen from $1 billion to $4 billion. Some reporting estimates even more. 

In an article by Jenny Smyth, Trump entered his first term of office with a net worth of $2.3 billion, and now has a net worth of $6.5 billion. Perhaps it was due to his aggressive purloining of Venezuelan oil. If it didn’t go to China, it had to go somewhere, right? Maybe it was due to his sons, Donald Trump Jr. and Eric Trump, perfect management of his affairs… However, it seems that the President has used investment brokers. 

While Donald Trump, according to U.S. law, has every right to trade on the U.S. market, this right seems to smack of gross immorality given his enormous cuts to SNAP and social security. People are earning less, and with DEI on the President’s hit list, African Americans appear to be targeted for further wage cuts. He seems to have no respect for the law or humanity. He has increased the ferocity of the Cuban blockade and has threatened military action against her. I suppose Greenland had to make a deal. Trump appeared to make some political profit for his billionaire alliance. While, according to the Western media, he has not made any profit in Greenland,  his billionaire colleagues Bill Gates and Jeff Bezos have invested in Greenlandic mining operations. This is not nearly as lucrative as the gift of the luxury jet from the Qatar government. The opulent Boeing 747-8 will undergo modifications at L3Harris Technologies before entering service for presidential (Trump’s) use. The plane is said to be scheduled to make its debut on the Fourth of July in honor of the nation’s 250th birthday.

However, the president’s latest financial maneuvers have left a good portion of the public aghast. It seems the president has made active stock trades influenced, or at least guided, by his governmental decisions. According to Wion, the disclosures show around 3,600 to 3,700 stock and ETF transactions from January to March. The reported value of these transactions ranges from $220 milion to $750 million, all this while there is massive hunger and deprivation suffered by the working class—in particular minority groups—within the United States of America. 

Many of the stocks were made by the government for defense, government private contracts, and other concerns that required direct government involvement. For example, NBC News said in February and March that the president purchased stock seven times. On January 12, President Trump purchased  $100,000 to $250,000  worth of Oracle stock on the same day he finalized a U.S.-backed deal for a stake in TikTok.  From January through March, President Trump purchased DoorDash stock twelve times, around the same time he held an event with a DoorDash representative being praised at the White House. On January 6, the President purchased $500,000 of Nvidia Stock, and shortly after, on January 14, he approved a US-backed deal for Nvidia to sell chips to China. The president invested heavily in Palantir Industries, a defense contractor that builds AI-driven strategies for defense from “space to mud.” The stock has dropped 25% while the President has urged investors to buy on Truth Social. 

While the President has the right to purchase, the cry has grown louder for stricter controls to prevent insider trading and self-profit and gain by influential politicians. There is an imbalance in the system. The President cannot be allowed to make billions while many of his fellow Americans starve.

As with all op-eds published by People’s World, the views reflected here are those of the author.

We hope you appreciated this article. At People’s World, we believe news and information should be free and accessible to all, but we need your help. Our journalism is free of corporate influence and paywalls because we are totally reader-supported. Only you, our readers and supporters, make this possible. If you enjoy reading People’s World and the stories we bring you, please support our work by donating or becoming a monthly sustainer today. Thank you!

Article by Karamo Muchuri Sulieman republished from People’s World under http://creativecommons.org/licenses/by-nc-nd/3.0/us/.

Climate science denier Donald Trump confirms that he knows nothing about democracy and that more liquid gold is being secured according to his policy of global privateering.
Climate science denier Donald Trump confirms that he knows nothing about democracy and that more liquid gold is being secured according to his policy of global privateering.
Orcas discuss how Trump was re-elected and him being an obviously insane, xenophobic Fascist.
Orcas discuss how Trump was re-elected and him being an obviously insane, xenophobic Fascist.

Continue ReadingOn Donald Trump: A man and his wealth

Democracy dies in broad daylight: the Trump administration’s frontal assault on the free press

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Trump’s aggressive mouthpiece: White House press secretary, Karoline Leavitt. EPA/Will Oliver

Kristin Skare Orgeret, Oslo Metropolitan University and Lea Hellmueller, City St George’s, University of London

When the billionaire owner of Amazon, Jeff Bezos, bought the Washington Post from the Graham family in 2013, he promised a “golden era to come”. In February 2017, one month into Donald Trump’s first term as US president, the paper adopted the motto: “Democracy Dies in Darkness”, reflecting the perceived threat posed by Trump’s authoritarian leanings and the suggestion that Moscow had interfered in the 2016 election.

That motto was turned against Bezos last week when it was announced that the Post was laying off one-third of its editorial staff, including its sports section and several of its foreign bureaus. The news was greeted with dismay in America’s journalistic circles. Marty Baron, a celebrated former executive editor of the Post, called the layoffs “among the darkest days in the history of one of the world’s greatest news organisations”.

But in the years since Bezos acquired the Post it has become a symbol of a global wave of democratic backsliding in the US which accelerated as the prospect of a second Trump presidency grew through 2024. After an initial period of investing in the Post and hiring more reporters, he has now overseen a long period of decline.

Political concerns began seriously to mount in 2024 when, in the run up to that year’s presidential election, the newspaper broke a 36-year precedent by refusing to endorse a candidate (which most readers, given the paper’s traditionally liberal leanings, had assumed would be Democrat Kamala Harris).

Since Trump has returned to the White House further evidence of this backsliding at the Post includes suppression of a cartoon critical of Trump’s relationship with US tech oligarchs by the Pulitzer Prize winning artist Ann Telnaes and a refocusing of the opinion pages to centre them on “personal liberties and free markets”. The changes have reportedly cost the Post many thousands of subscribers.

A cartoon showing American tech billionaires bowing before a statue of Donald Trump and offering bags of money.
The cartoon that led to Ann Telnaes quitting the Washington Post. Facebook

But the malaise in US journalism is a much broader story than just the travails of the Washington Post. There’s a sustained campaign of cultural and structural violence against a profession that is under economic and political strain, yet essential to democracy.

Trump’s hostility toward certain sections of the press is not new. During his first term he used non-journalistic platforms to brand mainstream media outlets “the enemy of the people”. His hostility was directed at both institutional and personal level, launching attacks against individual journalists and their employers (the “failing New York Times”, his clash with CNN’s Jim Acosta, etc).

In his second term this hostility has intensified, its impact often obscured by the rapid pace of news emanating from the White House. We’re seeing press freedom in the US under attack on three distinct fronts: restricted access to information, threats to the safety of journalists and use of legal pressure to discourage dissenting voices.

Controlling the message

Restrictions began as soon as Trump was inaugurated for his second term in January 2025. Within a month, the Associated Press lost access to the Oval Office and Air Force One (in other words, to direct contact with the president) after refusing to adopt an executive order renaming the Gulf of Mexico the “Gulf of America”.

Accreditation rules soon tightened. In October, the newly minted secretary of war Pete Hegseth announced that henceforth journalists reporting from inside the Pentagon would be allowed to only report official government pronouncements. Many mainstream reporters handed back their Pentagon accreditation in protest. In response, Hegseth announced what he called the “next generation of the Pentagon press corps”, mainly comprising journalist from far-right outlets.

Meanwhile the president’s verbal attacks on journalists have escalated, particularly targeting women and especially women of colour. Incidents such as the “quiet Piggy” remark (directed at Bloomberg journalist Catherine Lucey) exemplify a broader pattern of public humiliation of female journalists. Research suggests that such conduct contributes to the normalisation of hostility toward female journalists, who were already disproportionately quitting journalism.

‘Quiet piggy’: Donald Trump targets a female reporter on Air Force One.

Journalists covering protests also face heightened risks. During the “no kings” demonstrations in October 2025, multiple incidents were reported in which police used force against accredited reporters. In November 2025 the White House escalated the pressure, launching a “Hall of Shame” site naming journalists and outlets it said had misrepresented the administration.

‘Lawfare’

The Trump administration has also brought considerable legal pressure to bear on the news media over the first year of its second term. The US president has filed multiple lawsuits alleging bias on the part of one or another media organisation that had attracted his disfavour.

In July, Paramount reached a US$16 million (£11.69 million) settlement over a 60 Minutes interview with Kamala Harris in 2024 that the president accused of bias. At stake was a US$8.4 billion merger that required approval from the Federal Communications Commission, a public body headed by Trump loyalist Brendan Carr.

The president also has active suits against the Wall Street Journal and the BBC (an episode which led to the resignation of director general, Tim Davie, and its head of news, Deborah Turness). By the middle of 2025, Axios reported that Trump-related media and defamation suits had already matched the annual historical record.

Democratic backsliding

Taken together, these developments reflect a broader pattern of institutional stress affecting US democratic structures. The pressure on these established media organisations has created a situation in which they manage to survive with their independence eroded.

Comparative research consistently demonstrates that journalists are among the first actors targeted in such processes because of their frontline work. Control over information remains central to the success of an authoritarian government.

What, then, should journalists and media organisations do? Standing together matters. We saw that in 2018, when about 350 American newspapers jointly defended press independence against Trump’s “fake news” attacks. This prompted the US Senate to adopt a resolution supporting a free press and declaring that “the press is not the enemy of the people”.

But the danger is that this structural violence against the news media and its attempt to hold power to account becomes normalised. If the Trump administration’s contempt for the fourth estate continues to percolate through to the public at large, a population already struggling to tell truth from lies will be further blindfolded and darkness will fall over American democracy.

Kristin Skare Orgeret, Professor of Journalism and Media Studies, Oslo Metropolitan University and Lea Hellmueller, Associate Professor and Associate Dean of Research, City St George’s, University of London

This article is republished from The Conversation under a Creative Commons license. Read the original article.

Elon Musk urges you to be a Fascist like him, says that you can ignore facts and reality then.
Elon Musk urges you to be a Fascist like him, says that you can ignore facts and reality then.
Donald Fuhrump says that Amerikkka doesn't bother with crimes or charges anymore, not being 100% Amerikkkan and opposing his real estate intentions is enough.
Donald Fuhrump says that Amerikkka doesn’t bother with crimes or charges anymore, not being 100% Amerikkkan and opposing his real estate intentions is enough.
Orcas discuss how Trump was re-elected and him being an obviously insane, xenophobic Fascist.
Orcas discuss how Trump was re-elected and him being an obviously insane, xenophobic Fascist.

Continue ReadingDemocracy dies in broad daylight: the Trump administration’s frontal assault on the free press

Trump Pocketed At Least $1.4 Billion in First Year Back in Office in Unprecedented ‘Exploitation of the Presidency’

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Original article by Stephen Prager republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0).

“The swamp has never been so fetid,” wrote New York Times columnist Nick Kristof.

As millions of Americans face down devastating cuts to their healthcare and food assistance, President Donald Trump and his family personally enriched themselves to the tune of at least $1.4 billion during his first year back in office, according to an analysis published by the New York Times editorial board on Tuesday, the one-year anniversary of his second inauguration.

This unprecedented profiteering, which already amounts to 16,822 times the median US household income according to the Times, is almost certainly an undercount, as many sources of the president and his family’s wealth remain hidden from public view.

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“President Trump has never been a man to ask what he can do for his country. In his second term, as in his first, he is instead testing the limits of what his country can do for him,” the board wrote. “He has poured his energy and creativity into the exploitation of the presidency—into finding out just how much money people, corporations, and other nations are willing to put into his pockets in hopes of bending the power of the government to the service of their interests.”

Relying on a series of previous analyses from other news organizations, the Times notes several of Trump’s key streams of income.

As has been widely documented, most comprehensively byReuters in October, by far Trump’s largest source of income has been his family’s investment in cryptocurrencies, which has generated at least $867 million in new wealth for the family. Other investigations suggest the true number could be several billion when accounting for unreported assets and gains that have not yet been realized.

“People who hope to influence federal policy, including foreigners, can buy his family’s coins, effectively transferring money to the Trumps, and the deals are often secret,” the Timesboard wrote.

The swamp has never been so fetid. President Trump has greedily raked in $1.4 billion (an underestimate) in the last year, often from those seeking favor. E.g. He accepts a Qatari jet and promises US forces will protect Qatar. The corruption is staggering: www.nytimes.com/interactive/…

Nick Kristof (@nickkristof.bsky.social) 2026-01-20T14:39:30.066Z

It noted one particularly brazen transaction earlier this year, when an investment company owned by a member of the United Arab Emirates’ (UAE) ruling family dumped $2 billion into the Trump family’s crypto startup World Liberty Financial, just two weeks before the White House announced that the UAE would be given access to hundreds of thousands of the world’s most advanced computer chips.

Inking real-estate deals has been another tool nations have used to buy influence with Trump. The Times cites a report from the watchdog group Citizens for Responsibility and Ethics (CREW), showing that the Trump Organization and its partners were planning at least 22 “Trump-branded projects around the globe” over the course of his presidency, including through hotels and golf courses in India, Oman, Saudi Arabia, the UAE, Indonesia, and other nations eager to be in the US government’s good graces.

In all, since his reelection, the Times calculated that Trump has reaped at least $23 million from licensing his name overseas, at times culminating in the appearance of blatant pay-for-play. In one instance, “the administration agreed to lower its threatened tariffs on Vietnam about a month after a Trump Organization project broke ground on a $1.5 billion golf complex outside of Hanoi. Vietnamese officials ignored their own laws to fast-track the project.”

Another CREW analysis from July found that Trump visits his own properties roughly “every other day”—much more frequently than in his previous term—and that many foreign government officials have traveled to these sites to curry favor with the president.

CREW is tracking Trump’s conflicts of interest tied to his real estate empire, including:-Visits to Trump properties-Events held at Trump properties-Promotion of Trump business interests The pattern is clear: it’s all happening more this time around.

CREW (@citizensforethics.org) 2025-07-22T18:56:27.688Z

Trump also infamously accepted a $400 million jet, described as a “flying palace,” from the Qatari government. He plans to use the plane as Air Force One during his presidency and transfer it to his presidential library after leaving office. Shortly after receiving the jet, he pledged to “protect” Qatar and announced lucrative new military and economic partnerships with the country.

Elsewhere, Amazon spent $40 million on a documentary about First Lady Melania Trump, $28 million of which will be given directly to the first lady, which the Times said is far more than has been paid for similar projects. The company’s CEO, Jeff Bezos, has critically lobbied the administration for favorable treatment regarding antitrust and defense contracts, and has seen his own wealth soar by nearly $9 billion over the past year.

But Trump’s income from media and tech companies has more commonly arrived in the form of shakedowns. He has made an estimated $90.5 million from settlements from X (formerly Twitter)ABC NewsMetaYouTube, and Paramount since his reelection, none of which, the Times argues, “were justified on the merits.”

“Mr. Trump’s hunger for wealth is brazen,” the editorial board wrote. “Throughout the nation’s history, presidents of both parties have taken care to avoid even the appearance of profiting from public service. This president gleefully squeezes American corporations, flaunts gifts from foreign governments, and celebrates the rapid growth of his own fortune.”

The report of Trump’s looting of the presidency comes as roughly 1.3 million Americans are expected to lose health insurance coverage in 2026 due to Republican cuts to Medicaid and other assistance programs, while more than 20 million are expected to pay higher insurance premiums after the GOP allowed Affordable Care Act subsidies to expire last year. Roughly 1.5 million have already dropped their health coverage this year, according to a report last week from CNBC.

Meanwhile, about 4 million low-income people—including 1 million children—are expected to see their access to food assistance either substantially reduced or totally lost in the coming years due to Republican cuts to the Supplemental Nutrition Assistance Program.

While “Drain the Swamp” has remained one of Trump’s signature phrases, portraying the president as a crusader against endemic corruption in Washington, Times columnist Nick Kristof wrote, in the wake of his paper’s new report, that under Trump’s watch, “the swamp has never been so fetid.”

Original article by Stephen Prager republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0).

Elon Musk urges you to be a Fascist like him, says that you can ignore facts and reality then.
Elon Musk urges you to be a Fascist like him, says that you can ignore facts and reality then.
Donald Fuhrump says that Amerikkka doesn't bother with crimes or charges anymore, not being 100% Amerikkkan and opposing his real estate intentions is enough.
Donald Fuhrump says that Amerikkka doesn’t bother with crimes or charges anymore, not being 100% Amerikkkan and opposing his real estate intentions is enough.
Orcas discuss how Trump was re-elected and him being an obviously insane, xenophobic Fascist.
Orcas discuss how Trump was re-elected and him being an obviously insane, xenophobic Fascist.

Continue ReadingTrump Pocketed At Least $1.4 Billion in First Year Back in Office in Unprecedented ‘Exploitation of the Presidency’

500 Richest People Gained Record $2.2 Trillion in 2025, Fueling Calls for Wealth Tax

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Original article by Jessica Corbett republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0). 

Demonstrators gather outside a Tesla showroom as part of “TeslaTakedown” protest against CEO Elon Musk in New York City on May 3, 2025.  (Photo by Mostafa Bassim/Anadolu via Getty Images)

“If the monstrous political-economic system that is tearing our planet, the climate, and its people apart isn’t brought to its knees—then humanity will be,” warned one climate scientist.

Led by Big Tech billionaires including Jeff Bezos, Larry Ellison, and Elon Musk, the world’s 500 richest people added a record $2.2 trillion to their collective wealth in 2025, Bloomberg reported as the year ended on Wednesday.

“Obscene greed! While billions of people live in poverty,” human rights campaigner Peter Tatchell responded on X—a social media platform now controlled by Musk, the richest person on Earth. “It’s why we need a global wealth tax.”

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Musk—who could become the world’s first trillionaire thanks to his new controversial pay package as CEO of Tesla—is one of just eight ultrawealthy individuals who got around a quarter of all the gains recorded by the Bloomberg Billionaires Index.

The others are Amazon founder Bezos and Oracle chairman Ellison, as well as Michael Dell, Google co-founders Sergey Brin and Larry Page, Jensen Huang of Nvidia, and Meta‘s Mark Zuckerberg. The previous year, Bloomberg noted, “the same eight billionaires made up 43% of the total gains.”

According to Bloomberg, the gains that brought the combined net worth of all 500 people to $11.9 trillion “were turbocharged” by the 2024 election victory of President Donald Trump. The Republican and his relatives were among the “biggest winners” of 2025, gaining at least $282 million, for a net worth of $6.8 billion.

The “winners” also include Musk, who gained $190.3 billion for a net worth of $622.7 billion; Ellison, who gained $57.7 billion for a net worth of $249.8 billion; and Australian mining magnate Gina Rinehart, who gained $12.6 billion for a net worth of $37.7 billion.

After Trump’s electoral win, several Big Tech billionaires buddied up to him, with Bezos, Musk, Zuckerberg, Apple CEO Tim Cook, and Google CEO Sundar Pichai all attending his inauguration. Musk then spent several months spearheading the administration’s attack on federal workforce as the de facto leader of the Department of Government Efficiency (DOGE).

The world’s 500 richest people have total wealth of $11.9tn.Their wealth up by $2.2tn in 2025. 8 billionaires accounting for a 25% of the gains.No one becomes this rich by working.They fund right-wing parties, oppose worker/human rights, cause more pollution than normal people.

Prem Sikka (@premnsikka.bsky.social) 2026-01-01T08:21:14.422Z

Sharing the Guardian‘s coverage of the findings on the social media network Bluesky, British climate scientist Bill McGuire warned that “if the monstrous political-economic system that is tearing our planet, the climate, and its people apart isn’t brought to its knees—then humanity will be.”

The Guardian pointed to Oxfam International’s November statement that $2.2 trillion “would have been more than enough to lift 3.8 billion people out of poverty,” which the humanitarian group highlighted ahead of the Group of 20 Summit hosted by South Africa, whose government used its G20 presidency to push for solutions to global inequality.

“Inequality is a deliberate policy choice. Despite record wealth at the top, public wealth is stagnating, even declining, and debt distress is growing,” Oxfam executive director Amitabh Behar said at the time. “Inequality rips away life opportunities and rights from the majority of citizens, sparking poverty, hunger, resentment, distrust, and instability.”

A June 2024 report from French economist and EU Tax Observatory director Gabriel Zucman—prepared for the G20’s Brazilian presidency—estimated that a global 2% minimum tax on the wealth of 3,000 billionaires could generate about $250 billion.

As seven Nobel laureates, including Joseph Stiglitznoted in a July op-ed published by the French newspaper Le Monde, “By extending this minimum rate to individuals with wealth over $100 million, these sums would increase significantly.”

Original article by Jessica Corbett republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0). 

Orcas discuss Donald Trump and the killer apes' concept of democracy. Front Orca warns that Trump is crashing his country's economy and that everything he does he does for the fantastically wealthy.
Orcas discuss Donald Trump and the killer apes’ concept of democracy. Front Orca warns that Trump is crashing his country’s economy and that everything he does he does for the fantastically wealthy.
Continue Reading500 Richest People Gained Record $2.2 Trillion in 2025, Fueling Calls for Wealth Tax

500 Richest People Gained Record $2.2 Trillion in 2025, Fueling Calls for Wealth Tax

Spread the love

Original article by Jessica Corbett republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0).

Demonstrators gather outside a Tesla showroom as part of “TeslaTakedown” protest against CEO Elon Musk in New York City on May 3, 2025. (Photo by Mostafa Bassim/Anadolu via Getty Images)

“If the monstrous political-economic system that is tearing our planet, the climate, and its people apart isn’t brought to its knees—then humanity will be,” warned one climate scientist.

Led by Big Tech billionaires including Jeff Bezos, Larry Ellison, and Elon Musk, the world’s 500 richest people added a record $2.2 trillion to their collective wealth in 2025, Bloomberg reported as the year ended on Wednesday.

“Obscene greed! While billions of people live in poverty,” human rights campaigner Peter Tatchell responded on X—a social media platform now controlled by Musk, the richest person on Earth. “It’s why we need a global wealth tax.”

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Musk—who could become the world’s first trillionaire thanks to his new controversial pay package as CEO of Tesla—is one of just eight ultrawealthy individuals who got around a quarter of all the gains recorded by the Bloomberg Billionaires Index.

The others are Amazon founder Bezos and Oracle chairman Ellison, as well as Michael Dell, Google co-founders Sergey Brin and Larry Page, Jensen Huang of Nvidia, and Meta‘s Mark Zuckerberg. The previous year, Bloomberg noted, “the same eight billionaires made up 43% of the total gains.”

According to Bloomberg, the gains that brought the combined net worth of all 500 people to $11.9 trillion “were turbocharged” by the 2024 election victory of President Donald Trump. The Republican and his relatives were among the “biggest winners” of 2025, gaining at least $282 million, for a net worth of $6.8 billion.

The “winners” also include Musk, who gained $190.3 billion for a net worth of $622.7 billion; Ellison, who gained $57.7 billion for a net worth of $249.8 billion; and Australian mining magnate Gina Rinehart, who gained $12.6 billion for a net worth of $37.7 billion.

After Trump’s electoral win, several Big Tech billionaires buddied up to him, with Bezos, Musk, Zuckerberg, Apple CEO Tim Cook, and Google CEO Sundar Pichai all attending his inauguration. Musk then spent several months spearheading the administration’s attack on federal workforce as the de facto leader of the Department of Government Efficiency (DOGE).

https://embed.bsky.app/embed/did:plc:v37jbm7ajyevhnygruyftjbc/app.bsky.feed.post/3mbdx5fb3qs2p?id=3748521297794748&ref_url=https%253A%252F%252Fwww.commondreams.org%252Fnews%252Fbillionaire-list-2025&colorMode=system

Sharing the Guardian‘s coverage of the findings on the social media network Bluesky, British climate scientist Bill McGuire warned that “if the monstrous political-economic system that is tearing our planet, the climate, and its people apart isn’t brought to its knees—then humanity will be.”

The Guardian pointed to Oxfam International’s November statement that $2.2 trillion “would have been more than enough to lift 3.8 billion people out of poverty,” which the humanitarian group highlighted ahead of the Group of 20 Summit hosted by South Africa, whose government used its G20 presidency to push for solutions to global inequality.

“Inequality is a deliberate policy choice. Despite record wealth at the top, public wealth is stagnating, even declining, and debt distress is growing,” Oxfam executive director Amitabh Behar said at the time. “Inequality rips away life opportunities and rights from the majority of citizens, sparking poverty, hunger, resentment, distrust, and instability.”

A June 2024 report from French economist and EU Tax Observatory director Gabriel Zucman—prepared for the G20’s Brazilian presidency—estimated that a global 2% minimum tax on the wealth of 3,000 billionaires could generate about $250 billion.

As seven Nobel laureates, including Joseph Stiglitznoted in a July op-ed published by the French newspaper Le Monde, “By extending this minimum rate to individuals with wealth over $100 million, these sums would increase significantly.”

Original article by Jessica Corbett republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0).

Orcas discuss Donald Trump and the killer apes' concept of democracy. Front Orca warns that Trump is crashing his country's economy and that everything he does he does for the fantastically wealthy.
Orcas discuss Donald Trump and the killer apes’ concept of democracy. Front Orca warns that Trump is crashing his country’s economy and that everything he does he does for the fantastically wealthy.
Continue Reading500 Richest People Gained Record $2.2 Trillion in 2025, Fueling Calls for Wealth Tax