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Carl Icahn, the legendary investor, has told employees that he is moving his company from New York to Miami and a report said his decision to move is based on the Big Apple’s higher taxes. Icahn, 83, whose net worth is about $20.4 billion, is set to move his home and business from the city due to the taxes, sources told Bloomberg. The report said that it is not uncommon for billionaires to settle in the state which is one of seven without a personal income tax. The report pointed to New York’s 8.82 percent rate. …

Tom Steyer, the billionaire and former hedge fund investor turned impeachment activist, became the 11th Democratic presidential candidate to qualify for the October debates on Sunday after a new poll showed him with 2 percent support in Nevada. To make the cut, candidates must procure donations from 130,000 people and earn 2 percent support in four qualifying polls. Mr. Steyer fell one poll short of qualifying for the third Democratic debate in Houston this week. But the Democratic National Committee’s rules allow polls to carry over and count toward qualification for the fourth set of debates. With three qualifying polls...

A fugitive Chinese billionaire who has previously met with U.S. President Donald Trump's former senior counselor Steve Bannon said internal weakness in the Chinese Communist Party raises concerns about its long-term stability. Guo Wengui, who lives in New York and has pledged to expose political corruption in China, said he has privately met with Chinese Communist Party officials who voice doubts about the future, Taiwan's Liberty Times reported Monday. Guo, who made his fortune in Chinese real estate before fleeing the country, said one "senior member" is skeptical the annual Beidaihe summit will take place next year, citing political upheaval...

When libertarian billionaire David Koch passed away last week, the left couldn't -- and wouldn't -- hide its glee. Finally, an important funder of right-wing causes had died! Bill Maher even said that he was "glad" that Koch had passed away, adding he hoped "the end was painful." That's the kind of hate the left had and continues to have for Mr. Koch, a man who became extremely rich and who then proceeded to use that wealth to support causes he believed in. Although he was most famous for donating to political causes, Mr. Koch was extremely generous to other...

The pro-mass immigration Koch brothers, mega-donors to the GOP establishment, helped market endless free trade policies to Democrat politicians, a new book details. A report by the Intercept outlines a recently released book titled Kochland by Christopher Leonard where the author alleges that brothers Charles and David Koch funded a 2007 report by the left-wing Third Way organization to warn Democrat politicians against the populist, economic nationalist arguments made by Lou Dobbs at the time. Though aligned for the last few decades with Republican lawmakers, the Kochs were major supporters of the economic policies of the Obama administration which sought...

Among Mumbai’s glitziest society events over the past year were two weddings in the family of Mukesh Ambani, the Indian tycoon who in 2018 became Asia’s richest person. In December, his 27-year-old daughter Isha got married in a Bollywood-style extravaganza attended by global power brokers and titans of finance. Beyonce sang at the festivities, Hillary Clinton flew in and KKR & Co.’s Henry Kravis made an appearance. In March, her twin brother Akash wed in a ceremony attended by the likes of Google Chief Executive Officer Sundar Pichai. The lavish events put Ambani’s eldest children in a very public spotlight...

Leslie Wexner, in letter to foundation, said the amount was at least $46 million Leslie Wexner, the billionaire behind Victoria’s Secret, said his former money manager Jeffrey Epstein misappropriated more than $46 million of his fortune, revealing for the first time some of the financial fallout from his relationship with the disgraced financier. In a letter Wednesday, the founder and chief executive of L Brands Inc. LB -0.63% wrote to members of his Wexner Foundation that the missing funds were uncovered after Mr. Wexner decided in 2007 to sever ties with Mr. Epstein. Mr. Wexner began the separation process after...

Full Headline: "Victoria's Secret billionaire Leslie Wexner accuses Epstein of misappropriating 'vast sums of money' from him" Billionaire Leslie Wexner on Wednesday accused his former money manager Jeffrey Epstein of misappropriating millions of his fortune. The Wall Street Journal reported that Wexner, the billionaire behind Victoria's Secret, issued a statement to members of the Wexner Foundation, alleging that more than $46 million of his family's fortune was uncovered after the L Brands CEO decided to cut ties with Epstein in 2007. The Journal reported that Wexner began severing ties with Epstein after allegations emerged involving Epstein's sexual abuse of underage...

“I woke up this morning thinking it was going to be another great day. I've been celebrating with friends, family and the community since I turned 90. I've told you about the gracious gift of $117 million that was collected and given in my honor to four charities that mean a lot to me. All that happiness blew up because I said in a newspaper interview that I have supported and will continue to support Donald Trump. Boom! Negative stories... vicious threats, without cause, to boycott the company that has enabled my foundation to give billions to support autism, medical...

California liberal billionaire Tom Steyer is reconsidering running for president in 2020 despite declining to enter the crowded race of Dems vying for the White House months ago, reports said. Steyer, an environmentalist who's spent billions in ad dollars and other efforts to urge the impeachment of President Trump, told staffers last week he plans formally launch his 2020 campaign Tuesday, three people familiar with his plans told Politico. Steyer would become the twenty-sixth Democrat competing for the party’s nomination to take on Trump. He revealed his plan during a private conference call with his San Francisco office and two...

Jeffrey Epstein was reportedly arrested on Saturday and will appear in New York court on Monday to be charged with sex trafficking, according to multiple law enforcement sources. Billionaire pedophile Jeffrey Epstein was arrested for allegedly sex trafficking dozens of minors in New York and Florida between 2002 and 2005, and will appear in court in New York on Monday, according to three law enforcement sources. The arrest, by the FBI-NYPD Crimes Against Children Task Force, comes about 12 years after the 66-year-old financier essentially got a slap on the wrist for allegedly molesting dozens of underage girls in Florida.

A billionaire West Virginia coal tycoon was among seven Americans killed in a helicopter crash off the coast of the Bahamas on Thursday evening, according to local officials and reports. Chris Cline, 61, a former coal miner who turned his Foresight Energy company into a billion-dollar operation in 2015, was killed in the crash at about 5 p.m. local time, the Palm Beach Post reported.

Billionaire Bernie Marcus, the co-founder of Home Depot, is a known philanthropist throughout the state of Georgia The 90-year-old has given major gifts totally more than $2 billion to various organizations and causes, the Atlanta Journal-Constitution reported. He plans to use part of his fortune to help President Donald Trump get re-elected in 2020. When Marcus passes, 80 to 90 percent of his wealth will go to the Marcus Foundation. His foundation will then distribute the funds to worthy philanthropic causes. Specifically, he wants to help kids with autism and veterans suffering from brain injuries and Post Traumatic Stress Disorder.“I want to...

I wrote five years ago about the growing threat of a wealth tax. Some friends at the time told me I was being paranoid. The crowd in Washington, they assured me, would never be foolish enough to impose such a levy, especially when other nations such as Sweden have repealed wealth taxes because of their harmful impact. But, to paraphrase H.L. Mencken, nobody ever went broke underestimating the foolishness of politicians. I already wrote this year about how folks on the left are demonizing wealth in hopes of creating a receptive environment for this extra layer of tax. And some...

When liberal donor George Soros and several other liberal billionaires called for a wealth tax, the media swooned. Soros, Facebook co-founder Chris Hughes, heiress Abigail Disney and 15 others wrote an open letter calling on presidential candidates to adopt a wealth tax on the top 1/10 of 1 percent. Vanity Fair was thrilled on June 24, publishing a supportive, hyperbolic account of the “zillionaires’” letter declaring: “Conscience-Stricken Billionaires Beg 2020 Candidates: Take Our Money.” Nevermind criticism that a wealth tax is unconstitutional, the reaction from Vanity Fair, The New York Times and CNN stories avoided tough questions and criticism. Bloomberg...

The pro-mass immigration Koch brothers’ network of billionaire, donor-class organizations is readying to financially back Democrats, so long as they promise to support amnesty for illegal aliens and vote to advance free trade at all costs. In a memo to its staff, the Koch-funded Americans for Prosperity (AFP) organization announced that the economic libertarian group is set to back any elected official in Washington, DC, — including Democrats — who support their agenda of amnesty for illegal aliens and endless free trade, and oppose the GOP voter-preferred economic nationalist agenda of less immigration and tariffs to protect American jobs. The...

IT'S simply not enough for billionaires to have everything they've ever wanted – they need eternity to enjoy it, too. At least a dozen of the world's richest men have ploughed millions into bizarre ways to live forever. Here are five of the weirdest. 1) Cure for ageing A number of billionaires are putting their cash to good use by trying to find a "cure" for ageing. They include Jeff Bezos, the world's richest man, who has pumped money into Unity, a California company that hopes to stop the ageing process. It's already raised over $116 million in funding and...

More evidence that Joe Scarborough has descended deep into the liberal fever swamp. Now he's calling on a leftist billionaire with a fixation on impeaching President Trump to shell out for a phalanx of lawyers to get Attorney General Bill Barr disbarred. Tom Steyer is the left-wing billionaire in question. He has poured tens of millions of dollars into TV ads demanding that President Trump be impeached. On today's Morning Joe, Scarborough called on Steyer to direct his efforts toward having Attorney General Bill Barr disbarred. Get the rest of the story and view the video here.

Billionaire investor Robert F. Smith's commitment to pay off the student loan debt for graduates of the historically black Morehouse College covers millions of dollars, the school said. "When you have to service debt, the choices about what you can go do in the world are constrained," Morehouse President David A. Thomas said Sunday. "(Smith's gift) gives them the liberty to follow their dreams, their passions." Thomas told CNN on Monday that the exact amount of student loan debt to be covered was still being calculated. Smith's gesture, which Thomas called "a liberation gift," will enable graduates to have more...

Billionaire entrepreneur Jeff Bezos, the founder of rocket company Blue Origin, will unveil plans on Thursday for missions to the moon tailored to the U.S. government’s renewed push to establish a lunar outpost in just five years, people familiar with the matter said. Bezos, the world’s richest man and also chief executive and founder of Amazon.com, is scheduled to host a rare media event at 4 p.m. EDT (2000 GMT) in Washington to provide “an update on our progress and share our vision of going to space to benefit Earth,” Blue Origin said in an advisory. Blue Origin spokeswoman Caitlin...