Tech billionaires added $845 billion to their fortunes through September, while non-tech billionaires lost $62 billion, highlighting a growing divide driven by the AI boom.
California voters will decide on a 5% wealth tax for billionaires on November 3, 2026, with market data currently pricing the likelihood of passage at 29.5%.
The AI investment boom pushed the number of global billionaires to a record 3,795 and their combined wealth to $15.1 trillion, though signs of a market slowdown are emerging.
California’s Proposition 40, which proposes a 5% tax on billionaire net worth, faces political opposition ahead of the November 2026 ballot.
HMRC has begun assigning dedicated compliance managers to all UK-linked billionaires to improve tax oversight, with new reporting rules for crypto assets set to take effect by 2027.
Public support for California's Proposition 40, which seeks a 5% tax on billionaire net worth, has fallen to 52% as the election approaches.
Six Nobel laureates and major tech figures are clashing over California’s Proposition 40, a ballot measure that seeks to impose a 5% tax on billionaire wealth to raise $100 billion.
Nobel Prize-winning economists have endorsed California Proposition 40, a proposed 5% one-time tax on residents with a net worth of at least $1 billion, ahead of the 2026 vote.
Generation Z shows strong support for California's Proposition 40, a proposed 5% one-time tax on billionaire net worth set for the November 2026 ballot.
A new poll indicates that California's Proposition 40, which proposes a one-time 5% tax on billionaire wealth, currently holds a narrow lead ahead of the November election.
Michael Dell has overtaken Jeff Bezos as the world's third-richest person, reaching a net worth of $276.5 billion following a 350% surge in Dell stock.
Global billionaire wealth has reached $15.1 trillion, largely driven by the growth and investment in the AI industry, according to Altrata.
