Inside China’s quiet plan to dethrone the dollar

Inside China’s quiet plan to dethrone the dollar

  Over the last few months, 100k+ people in China were airdropped cold hard cash… digitally. The People’s Bank of China (PBOC) is piloting a digital version of the country’s currency (Chinese yuan) that will circulate alongside its paper and coin counterparts....
3G Billionaires Snap Up Real Estate Bargains in Covid Hotbed

3G Billionaires Snap Up Real Estate Bargains in Covid Hotbed

  The private equity titans behind 3G Capital Inc. and their families are taking advantage of distressed real estate prices in Brazil, where the economy has been battered by Covid-19 and the botched government response. Firms linked to billionaires Jorge Paulo Lemann,...
The Richest New Yorkers Could Be Hit With a Top Tax Rate of Over 50%

The Richest New Yorkers Could Be Hit With a Top Tax Rate of Over 50%

  Governor Andrew Cuomo and lawmakers are targeting wealthy residents just as some of them consider relocating permanently to low-tax locations. New York Governor Andrew Cuomo practically begged the rich to return to the city last year. “‘We’ll go to dinner, I’ll buy...
Anger In The Ranks

Anger In The Ranks

  NEW YORK (BLOOMBERG) – For the second time in a little more than a week, Thomas Gottstein was facing a tough crowd: his own bankers. The chief executive officer of Credit Suisse Group gathered dozens of managing directors at the global bank on a conference...
Are you ready for “The Social Network II”

Are you ready for “The Social Network II”

How the billionaire Winklevoss twins are betting on a decentralized future Many of us know Tyler and Cameron Winklevoss as the statuesque Harvard rowing twins who sued Mark Zuckerberg for ownership of Facebook. That image — along with Justin Timberlake’s curly...
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