Billionairs – Page 4 – THE OVAL CIRCLE

Hong Kong billionaire and newspaper tycoon Jimmy Lai gets 12 months in prison for role in anti-Beijing protests

Posted on April 17, 2021April 17, 2021By Editor

A prominent businessman and media tycoon has been jailed for one year by Chinese authorities for organizing and taking part in the unauthorized demonstrations which swept across Hong Kong in 2019 and 2020. … Read More >Hong Kong billionaire and newspaper tycoon Jimmy Lai gets 12 months in prison for role in anti-Beijing protests

Business

Beijing edges out NYC as home to most billionaires – Forbes 2021 list

Posted on April 8, 2021April 8, 2021By Editor

For the first time ever, the Chinese capital has become the new billionaire center of the world. Beijing gained 33 new billionaires in 2020, bringing its total to 100 and narrowly beating New York City’s 99, according to Forbes. … Read More >Beijing edges out NYC as home to most billionaires – Forbes 2021 list

Business

Global banks bracing for losses amid US hedge fund collapse

Posted on April 1, 2021April 1, 2021By Editor

World banks may lose over $6 billion from the downfall of the US investment firm Archegos Capital, sources told Reuters. Regulators are closely monitoring the situation as panic spreads about the possible scale of the fallout. … Read More >Global banks bracing for losses amid US hedge fund collapse

Business

‘World has never seen this much wealth created in just one year’: China tops US as home to most dollar billionaires

Posted on March 4, 2021March 4, 2021By Editor

One in every two newly minted dollar-denominated billionaires last year stemmed from China, according to the latest Hurun Global Rich List. The country had 1,058 billionaires last year compared with 696 in the US. … Read More >‘World has never seen this much wealth created in just one year’: China tops US as home to most dollar billionaires

Russia

$2 billion fine a drop in ocean for Potanin: Tycoon is first Russian worth $30 billion despite big penalty for oil spill disaster

Posted on February 18, 2021February 18, 2021By Editor

In the same year his company was ordered to pay a record $2 billion after an environmental disaster caused by a fuel spill, Vladimir Potanin has become the first Russian to reach an estimated wealth of $30 billion. … Read More >$2 billion fine a drop in ocean for Potanin: Tycoon is first Russian worth $30 billion despite big penalty for oil spill disaster

Russia

‘I’m the beneficiary,’ Russian billionaire Rotenberg says about large Black Sea property dubbed ‘Putin’s palace’

Posted on January 31, 2021January 31, 2021By Editor

Russian construction mogul Arkady Rotenberg says he’s the beneficiary of an extensive property on the Black Sea coast, which has been widely touted by Alexey Navalny and Western media as a secret residence of Vladimir Putin. … Read More >‘I’m the beneficiary,’ Russian billionaire Rotenberg says about large Black Sea property dubbed ‘Putin’s palace’

Business

Recession is over for the richest few, while billions will live in poverty for at least a decade – Oxfam

Posted on January 26, 2021January 26, 2021By Editor

The Covid-19 pandemic has the potential to increase economic inequality in almost every country globally at once, according to a new report revealed by Oxfam on Monday. … Read More >Recession is over for the richest few, while billions will live in poverty for at least a decade – Oxfam

Shows

Best of Redacted Tonight Special

Posted on December 19, 2020December 19, 2020By Editor

In this Best of Redacted Tonight Special episode, Lee Camp and the Redacted Tonight team go back to some of the most exciting stories of the year. Camp starts off on the acceleration of extreme inequality through this pandemic. Levels of wealth and poverty are breaking records. … Read More >Best of Redacted Tonight Special

Op-ed

Poverty is rising fast, but it’s part of a decades-long project which the lockdowns of 2020 will only accelerate

Posted on December 15, 2020December 15, 2020By Editor

A new study highlights worrying levels of destitution in Britain, with the situation worsening. But it’s no accident: lockdowns and The Great Reset are the latest stage in an elite-friendly project shovelling wealth ever upwards. … Read More >Poverty is rising fast, but it’s part of a decades-long project which the lockdowns of 2020 will only accelerate

USA

Billionaires’ ‘pandemic profits’ alone could pay for $3K stimulus checks to EVERY American – report

Posted on December 11, 2020December 11, 2020By Editor

American billionaires made so much money during the Covid-19 pandemic that their profits since March are enough to give every US resident a $3,000 check without cutting into their pre-virus wealth, a new report shows. … Read More >Billionaires’ ‘pandemic profits’ alone could pay for $3K stimulus checks to EVERY American – report