Latest News, Updates & Breaking Headlines
California is witnessing an exodus of high-net-worth individuals following the introduction of the new Wealth Tax. Last month, Google co-founders Sergey Brin and Larry Page officially shifted their base out of California just ahead of the January 1 deadline, and now another tech leader has announced that he is leaving the US state. Andy Fang,…
Taylor Swift and Travis Kelce will be keeping their finances separate.(Image via Backgrid) Taylor Swift and Travis Kelce have massive net worths and there is no doubt that their wedding will be a lavish one.But with massive net worths, there are discussions about prenups between high profile couples and Taylor Swift and Travis Kelce are…
LinkedIn founder Reid Hoffman and one of the one of the Democratic Party’s biggest donors, has now joined the list people opposing the proposed California wealth tax. Hoffman has strongly opposed California’s proposed 5% wealth tax on billionaires. In a post shared on social media platform X (formerly known as Twitter), Hoffman said that the…
American billionaire and Shark Tank investor Mark Cuban said that students these days use artificial intelligence (AI) excessively to ask the “right questions”. However, he said that students should not rely much on AI. Instead, they must use AI to enhance their own critical-thinking skills, rather than replace them. “They use strong inputs and apply…
Xu Bo, the billionaire founder of one of China’s largest mobile gaming empires, is reportedly attempting to biologically engineer a US-born dynasty. According to a recent report, the 48-year-old chairman of Guangzhou Duoyi Network, who has reportedly fathered more than 100 children, is seeking to father dozens of children via American surrogates to inherit his…
Vinod Khosla, American billionaire and Silicon Valley’s famous investor has sided with Tesla CEO Elon Musk’s endorsement of having a universal US digital ID and voter ID laws, inspired by Aadhaar Card that has authenticated billions of users and reduced fraud. He also said that it is opt-in but people who do not have it…
Chamath Palihapitiya is seriously considering a move away from California, prompted by emerging tax regulations. This decision echoes a growing sentiment among affluent entrepreneurs who are increasingly wary of the state’s economic environment, particularly in light of a proposed 5% wealth tax on fortunes exceeding $1 billion. Chamath Palihapitiya, a Canadian‑American billionaire of Sri-Lankan origin,…
California’s proposed billionaire wealth tax faces fierce opposition from tech leaders like Palmer Luckey, who warns of forced asset sales and financial ruin for entrepreneurs. Critics decry the measure as government overreach, potentially driving away innovation and talent, while proponents argue it addresses wealth inequality and funds essential services. Palmer Luckey, cofounder of defense technology…
A Chinese billionaire has a similar wish as Telegram founder Pavel Durov’s – build a ‘dynasty of successors’, including fathering nearly two dozen US-born children who can inherit and manage his $1.1 billion fortune he has amassed through his gaming company – one of China’s largest mobile gaming entities. Xu Bo, the founder of Guangzhou…
In its latest rich list for the year 2025, Hurun India awarded Indian-origin billionaire Jayshree Ullal, the Chief Executive Officer (CEO) and President of Arista Networks. With this achievement, she has successfully surpassed popular Indian-origin tech leaders such as Google’s Sundar Pichai and Microsoft’s Satya Nadella in the list of wealthiest executives in the tech…
