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Jeff Bezos thanks Amazon employees and customers for paying for his jaunt to space: 'You guys paid for all of this'

Amazon cofounder Jeff Bezos, next to a rocket created by his space company Blue Origin. Blue Origin Billionaire Amazon cofounder Jeff Bezos thanked Amazon's customers for funding his space trip. "I want to thank every Amazon employee and every Amazon customer, because you guys paid for all of this," Bezos said. Critics have said that, rather than flying to space, Bezos should invest his billions on Earth. Visit the Business section of Insider for more stories. After a brief trip to spa...
Tags: Amazon, Science, Trends, Earth, Cnn, Virgin Galactic, Billionaires, Retail, Richard Branson, Space Flight, Jeff Bezos, Branson, Blue Origin, Mark, Bezos, New Shepard


Richard Branson congratulated Jeff Bezos after he reached the edge of space: 'Impressive!'

Blue Origin Fellow billionaire Richard Branson congratulated Jeff Bezos for reaching the edge of space Tuesday. "Impressive! Very best to all the crew from me and all the team at @virgingalactic," Branson tweeted. Branson joined Virgin Galactic's first full crew flight on July 11. See more stories on Insider's business page. Fellow billionaire Richard Branson congratulated Jeff Bezos for reaching the edge of space on Tuesday morning. Bezos joined his brother, Mark Bezos, 82-year-...
Tags: Science, News, Nbc, Trends, Tom Hanks, Virgin Galactic, Justin Bieber, Billionaires, Richard Branson, Jeff Bezos, Branson, Virgin Airlines, Blue Origin, Bezos, Tech Insider, Mark Bezos


Jeff Bezos just traveled to the edge of space. Here are 13 things you probably didn't know about the Amazon founder.

Amazon founder Jeff Bezos. MARK RALSTON/AFP via Getty Images Jeff Bezos launched 62 miles above Earth aboard Blue Origin's New Shepard rocket on Tuesday. You might not know that Bezos almost named Amazon "Cadabra." In August 2020, he became the first person to accumulate a fortune of over $200 billion. Visit Business Insider's homepage for more stories. His mother, Jacklyn Bezos, gave birth to him when she was a teenager. Jeff Bezos in 1997. Paul Souders/Getty Images ...
Tags: Amazon, Texas, Jay Leno, Washington, Life, Wall Street, New York City, Trends, Earth, Cnn, Features, Billionaires, Holland, Jeff Bezos, Seattle, Fast Company


Jeff Bezos launches to the edge of space today. Here are 13 things you probably didn't know about the Amazon founder.

Amazon founder Jeff Bezos. MARK RALSTON/AFP via Getty Images Jeff Bezos will launch to space aboard Blue Origin's New Shepard rocket at 9 a.m. ET. You might not know that Bezos almost named Amazon "Cadabra." In August 2020, he became the first person to accumulate a fortune of over $200 billion. Visit Business Insider's homepage for more stories. His mother, Jacklyn Bezos, gave birth to him when she was a teenager. Jeff Bezos in 1997. Paul Souders/Getty Images Accord...
Tags: Amazon, Texas, Jay Leno, Washington, Life, Wall Street, New York City, Trends, Cnn, Features, Getty Images, Billionaires, Holland, Jeff Bezos, Seattle, Fast Company


Richard Branson brought Stephen Colbert's headshot to space with him

Richard Branson holds up a photo of comedian Stephen Colbert that he brought with him into space, during a press conference on July 11, 2021. Patrick T. Fallon/Getty Images Billionaire Richard Branson carried a headshot of comedian Stephen Colbert into space. Colbert hosted the livestream of Branson's spaceflight on Sunday morning. Branson launched aboard Virgin Galactic's space plane - the company's first fully crewed flight. See more stories on Insider's business page. St...
Tags: Transportation, Space, Science, News, Stephen Colbert, Los Angeles, Trends, Earth, Virgin Galactic, Billionaires, Colbert, Richard Branson, New Mexico, Branson, Space Plane, Tech Insider


Elon Musk showed up in Richard Branson's kitchen at 3 a.m. to wish him luck flying to the edge of space

Richard Branson said Elon Musk is a friend. Susan Montoya Bryan/Reuters; Mike Blake/Reuters Elon Musk visited Richard Branson in his kitchen at 3 a.m. to wish him good luck on his spaceflight. Branson flew to the edge of space aboard a Virgin Galactic space plane on Sunday morning. He shared a photo of himself with a barefoot Musk - two billionaire spaceflight-company founders. See more stories on Insider's business page. Elon Musk visited fellow space-baron billionaire Richard Branson...
Tags: Transportation, Spacex, Elon Musk, Science, News, Trends, Earth, Virgin Galactic, Billionaires, Spaceshiptwo, Virgin Group, Richard Branson, New Mexico, Rocket Launch, Branson, Musk


600 people have reserved $250,000 tickets to fly to space with Virgin Galactic, including celebrities like Tom Hanks, Leonardo DiCaprio, Justin Bieber, and Lady Gaga

Virgin Galactic Virgin Galactic founder Richard Branson is expected to fly to the edge of space on Sunday. Roughly 600 people - including celebrities - have reserved tickets worth $250,000 for future flights. Another 1,000 have made deposits for when ticket sales resume after Branson's flight. See more stories on Insider's business page. While Richard Branson and Jeff Bezos claim they aren't in a race to be the first billionaire in space, a long list of wealthy people aim to b...
Tags: Transportation, Science, Celebrities, Entertainment, Trends, Space Tourism, Virgin Galactic, Billionaires, Richard Branson, Lady Gaga, New Mexico, Ashton Kutcher, Jeff Bezos, Tickets, Reservations, Branson


Billionaire Branson plans to beat Billionaire Bezos to space

Sir Richard Brandon will fly to space on July 11, if all goes to plan, beating Jeff Bezos's planned flight by a week or two. key to Virgin Galactic moving forward with its business was the granting last week of a commercial spaceflight licence by the Federal Aviation Administration. — Read the rest
Tags: Post, News, Virgin Galactic, Billionaires, Jeff Bezos, Branson, Bezos, Richard Brandon, Federal Aviation Administration Read


Disney heiress wrote a scathing takedown on dynastic wealth and billionaire greed

Back in 2019, Abigail Disney — granddaughter of Walt Disney Company co-founder Roy O. Disney, and grand-niece of Walt — very publicly criticized the insane compensation packages received by current Disney CEO Bob Iger. This was unexpected, to say the least; you don't often hear about someone born into a nearly incomprehensible family trustfund to say that some other billionaire doesn't deserve the money they make off the backs of underpaid workers. — Read the rest
Tags: Post, News, Disney, Wealth, Billionaires, Walt Disney Company, Wealth Inequality, Walt, Bob Iger, Abigail Disney, Intergenerational Wealth, Disney villains, Evil Billionaires, Intergenerational Wealth Transfer, Get Billionaires Off Welfare, Wealth Tax


MacKenzie Scott has given away over $8 billion since divorcing Jeff Bezos, but her wealth keeps rising thanks to Amazon's soaring stock price

MacKenzie Scott. Taylor Hill/FilmMagic via Getty Images; Taylor Borden/Business Insider MacKenzie Scott has given away over $8 billion since divorcing Jeff Bezos. She recently gave $2.74 billion to charity, but she's still worth around $60 billion. Scott owns a 4% stake in Amazon, whose share price has continued to skyrocket during the pandemic. See more stories on Insider's business page. MacKenzie Scott has given away over $8 billion in the last year, but it hasn't made much...
Tags: Amazon, Trends, Strategy, Bloomberg, Getty Images, Billionaires, Bill Gates, Warren Buffett, Jeff Bezos, North America, Seattle, Scott, Bezos, Mackenzie Scott, Warren Buffett Bill Gates, Avery Hartmans


MacKenzie Scott gave away another $2.7 billion to 286 organizations, bringing her total recent donations to $8.5 billion

MacKenzie Scott has announced multiple massive donations in the last year. Taylor Hill/FilmMagic via Getty Images; Taylor Borden/Business Insider MacKenzie Scott has given away $2.7 billion to nearly 300 nonprofits in 2021. Scott, a philanthropist and Jeff Bezos's ex-wife, has gifted over $8 billion in recent years. She is one of the richest people on the planet, with a $60 billion net worth. See more stories on Insider's business page. MacKenzie Scott, the ex-wife of Amazon fou...
Tags: Amazon, News, Trends, Getty Images, Billionaires, Jeff Bezos, Philanthrophy, Scott, Dan, Bezos, Mackenzie Scott, Tech Insider, Taylor Hill FilmMagic, Tim Levin, Taylor Borden Business Insider MacKenzie Scott


A business ethicist explains why billionaires like Elon Musk and Jeff Bezos shouldn't use tax avoidance strategies, even if it's legal

Ordinary people don't have access to tax avoidance strategies like the superrich do. Britta Pedersen-Pool/Getty Images; Arif Hudaverdi Yaman/Getty Images; KENZO TRIBOUILLARD/Getty Images; Mike Cohen/Getty Images; Yuqing Liu/Business Insider Some US billionaires reportedly pay minimal amounts of federal income tax, or sometimes nothing at all. While not illegal, tax avoidance strategies can seen as unethical, says business ethics scholar Erin Bass. Regardless of ethics, if the super ric...
Tags: Mark Zuckerberg, Elon Musk, Taxes, US, Trends, Strategy, Billionaires, Bill Gates, Tax Avoidance, Jeff Bezos, Propublica, Tax Evasion, Donald Trump, Michael Bloomberg, Aristotle, Nordic


Warren Buffett is under fire for avoiding taxes. Give him a break.

Warren Buffett. Getty Images OPINION Warren Buffett is getting roasted for avoiding taxes after ProPublica's bombshell report. The billionaire investor is donating almost all of his money to good causes. Buffett lives modestly, supports higher taxes on the wealthy, and doesn't use popular tax loopholes. See more stories on Insider's business page. Warren Buffett is being cast as the face of billionaire greed after ProPublica reported this week that he pays very little in federa...
Tags: Amazon, Elon Musk, Taxes, Congress, Opinion, Charity, US, Barack Obama, Trends, Markets, Tesla, Billionaires, Stocks, Berkshire Hathaway, Warren Buffett, Bill


ProPublica investigation finds ultra-rich pay almost nothing in federal income tax

The Three Percenters are a far-right group who love guns and Nazis, but the term would apply just as nicely to America's richest men, who pay about that rate in federal income tax due to legal loopholes and other shenanigans. ProPublica acquired financial documents that show Jeff Bezos, Elon Musk, Michael Bloomberg and other multibillionaires paid about 3% or less of new income—and that's if they paid anything at all. — Read the rest
Tags: Post, News, Nazis, America, Billionaires, Tax Evasion, Jeff Bezos Elon Musk Michael Bloomberg


ProPublica's billionaire tax data shows the importance of closing 2 key tax loopholes. Here's how.

Joe Raedle/Getty Images Too much of billionaires' true economic income is not getting counted on their tax returns. We can count more capital gains as income, to make them report more income and pay more tax. To do this, eliminate "stepped-up basis" rules and prevent double deduction of charitable giving. See more stories on Insider's business page. ProPublica has obtained years of federal income tax information for the 25 wealthiest Americans, and has released an analysis compari...
Tags: Elon Musk, Politics, Taxes, Congress, Obama Administration, Opinion, Finance, US, Barack Obama, Trends, Markets, Joe Biden, Economy, Analysis, Billionaires, Miami


12 of the richest LGBTQ people in the world

Tim Cook and Giorgio Armani are billionaires. Getty Images Some famous LGBTQ figures are worth billions after inheriting empires or building companies. In 2020, Apple CEO Tim Cook officially became a billionaire. Giorgio Armani's is worth $8.1 billion, while Domenico Dolce is worth $1.6 billion. Visit Business Insider's homepage for more stories. David Geffen, the co-founder of DreamWorks, is worth $9.9 billion, according to Forbes. David Geffen. Stephen Lovekin/Getty ...
Tags: Apple, Facebook, England, Hollywood, Cook, Money, Steve Jobs, Ebay, Life, Lgbt, New York City, Los Angeles, Trends, Paypal, Palo Alto, Billionaires


Melinda Gates' divorce lawyer told us how he handles bitter splits between billionaire clients

Cohen sat down with Insider for an interview from his midtown Manhattan office on May 25, 2021. Adam Miller/Insider Robert Stephan Cohen has made a name for himself representing celebrities and billionaires. Now the lawyer is representing Melinda Gates, whose split from Bill Gates will likely be one of history's largest divorce settlements. Cohen told Insider about the complexities of celebrity divorces and how America's elite divide their astronomical wealth. See more stories on ...
Tags: New York, Hollywood, News, Microsoft, La, New York City, America, Trends, Wealth, Divorce, Rock, Getty Images, United States, Billionaires, Bill Gates, Uma Thurman


Meet billionaire investor Laurene Powell Jobs, wife of the late Apple cofounder Steve Jobs who spends much of her $21 billion on charity and says her kids won't inherit the fortune

Laurene Powell Jobs. Steve Jennings/Getty Images Laurene Powell Jobs more than the widow of Apple cofounder Steve Jobs. She's also a powerful impact investor and philanthropist with a net worth of $21.7 billion. Powell Jobs hosts elaborate Halloween shows at her Silicon Valley home and owns a $110 million yacht. Visit Business Insider's homepage for more stories. Laurene Powell Jobs is much more than just Steve Jobs' widow. The 57-year-old billionaire is a formidable presence i...
Tags: Apple, Google, Florida, Education, California, Washington Post, Steve Jobs, Washington, Life, Finance, Stanford, Disney, US, Careers, San Francisco, Trends


Soaring stocks in pharma giants has minted these 9 new 'vaccine billionaires,' according to a report

Moderna CEO Stéphane Bancel. Steven Ferdman/Getty Images Nine people have become "vaccine billionaires" since the start of the pandemic, a report said. They include Moderna and BioNTech's CEOs, plus execs at Chinese vaccine maker CanSino Biologics. Their wealth could pay to vaccinate 776 million people in low-income countries, the report said. See more stories on Insider's business page. The successful development of COVID-19 vaccines has created at least nine new billionaires sin...
Tags: News, Finance, America, Trends, Economy, Billionaires, Healthcare, Un, Oxfam, Pfizer, Biden, Charles Davis, Forbes, Alliance, Sahin, Moderna


Bill Gates' controversies could help Melinda during - and after - the split. Divorce and PR experts say Bill's 'guilt window' and gaining public sympathy give her the upper hand.

Ted S. Warren/AP Experts in PR and divorce said Melinda French Gates benefits from recent news about Bill Gates. Various outlets reported Bill Gates had made women at Microsoft feel uncomfortable at work. The news can provide Melinda more public sympathy, and might help her when negotiating a settlement. See more stories on Insider's business page. Experts say Melinda French Gates is winning the public opinion battle after announcing her divorce from Bill after 27 years of marriage.A...
Tags: News, Microsoft, Washington, Life, Trends, Wealth, Divorce, United States, Billionaires, Bill Gates, Ibm, Watson, Bill and Melinda Gates Foundation, The New York Times, Bill, Jeff Bezos


Meet Zhang Yiming, the secretive Chinese billionaire behind TikTok worth $44 billion who just stepped down as ByteDance CEO

ByteDance CEO Zhang Yiming makes his own TikToks - and requires his senior employees to as well. Visual China Group via Getty Images; Ruobing Su/Business Insider Zhang Yiming has built a $44.5 billion fortune since cofounding ByteDance, the Chinese tech giant behind TikTok. Despite being one of the wealthiest people in China, Zhang is extremely private and little is known about his personal life. Zhang recently stepped down as ByteDance CEO, saying he's "not very social" and lacks mana...
Tags: Google, Microsoft, Life, Finance, China, US, Trends, Bloomberg, Joe Biden, Features, Getty Images, Billionaires, Time Magazine, Federal Trade Commission, Visual China Group, Billionaire


A group of millionaires is organizing Tax Day protests - including one in front of Jeff Bezos' house - encouraging higher taxes on the rich

Alex Wong/Getty Images A protest outside of Jeff Bezos' home in New York will urge him to back a wealth tax. The protests are happening on Tax Day and are run by a group called Patriotic Millionaires. In addition to the protest, the group sponsored billboards in D.C. and New York urging tax reform. See more stories on Insider's business page. "As a millionaire, tax me more." That's the motto of members of the Patriotic Millionaires group, which is organizing protests and mobil...
Tags: Amazon, Mark Zuckerberg, Politics, New York, News, Washington, New York City, America, Trends, Joe Biden, Billionaires, Mitch McConnell, Jeff Bezos, Cnbc, Blackrock, Bezos


Mark Zuckerberg turns 37 on Friday. Here's a look into the life, career, and controversies surrounding the billionaire Facebook CEO.

Facebook CEO Mark Zuckerberg. David Ramos/Getty Images Facebook CEO Mark Zuckerberg celebrates his 37th birthday on May 14, 2021. Zuckerberg grew up outside of New York City and dropped out of Harvard after founding Facebook. Today, he's worth $114 billion and has grown Facebook into a social networking behemoth. See more stories on Insider's business page. Through success and controversy, Facebook CEO Mark Zuckerberg has been regarded as one of the most brilliant minds of his gene...
Tags: Facebook, Mark Zuckerberg, New York, Instagram, Microsoft, Congress, France, Ipo, Russia, New York City, US, San Francisco, Trends, Tech, Bloomberg, Features


Elon Musk's net worth plummets by $25 billion after a tumultuous week

Tesla CEO and billionaire Elon Musk REUTERS/Mike Blake/File Picture Elon Musk's net worth fell $25 billion the week Tesla halted bitcoin payments. His net worth fell to $159 billion on May 13 from $184 billion on May 9, according to Bloomberg. The NHTSA opened an investigation earlier this week into a fatal Tesla crash. See more stories on Insider's business page. Elon Musk's net worth dropped by $25 billion within the week Tesla stopped accepting bitcoin payments, which sent T...
Tags: Transportation, Spacex, Elon Musk, News, California, Trends, Tesla, Bloomberg, Billionaires, Musk, Nhtsa, Reuters, National Highway Traffic Safety Administration, SpaceX Musk, Dogecoin, Net Worth


From a yacht so big it has its own support boat to floating helipads and basketball courts, here are the luxury boats owned by some of the wealthiest people in tech

Katherine Taylor/Reuters Many billionaires like Jeff Bezos and Richard Branson enjoy spending their time on massive luxurious yachts. The boats are decked out with amenities that many Americans can only dream of. Here are some of the billionaires in tech who own private yachts. See more stories on Insider's business page. Billionaires are often known for their luxurious lifestyles and high profile gadgets.Some billionaires, like Elon Musk and Bill Gates, buy private planes to take con...
Tags: Apple, Google, Amazon, Mark Zuckerberg, Toys, Elon Musk, News, Microsoft, Entertainment, Steve Jobs, Life, Careers, Trends, Strategy, Cnn, Features


The incredible life of Melinda Gates - one of the world's richest and most powerful women

She heads a foundation with a $40 billion endowment. Jamie McCarthy/Getty Images for Bill & Melinda Gates Foundation Melinda Gates is one of the most powerful women in the world, according to Forbes. She could be worth $73 billion if she and Bill Gates split their fortune equally in the divorce. Gates will continue in her role as co-chair of the Bill and Melinda Gates Foundation. See more stories on Insider's business page. Melinda Gates is the fifth most powerful woman in the world, ...
Tags: Personal Finance, Education, Microsoft, Obama, Bono, Life, Finance, Stanford, Africa, Time, US, Careers, America, Trends, Features, United States


The incredible life and career rise of Melinda Gates - one of the world's richest and most powerful women

She heads a foundation with a $40 billion endowment. Jamie McCarthy/Getty Images for Bill & Melinda Gates Foundation Melinda Gates is one of the most powerful women in the world, according to Forbes. She could be worth $73 billion if she and Bill Gates split their fortune equally in the divorce. Gates will continue in her role as co-chair of the Bill and Melinda Gates Foundation. See more stories on Insider's business page. Melinda Gates is the fifth most powerful woman in the world, ...
Tags: Science, News, Microsoft, Obama, Bono, Life, Stanford, Africa, Time, US, America, Trends, Features, United States, U2, Aol


Bill Gates added a $43 million beachfront home to his sprawling real estate portfolio last year. Here's a closer look at his empire, which also includes a $130 million Washington mansion and horse ranches in Florida.

Microsoft cofounder Bill Gates. Susan Walsh/AP Photo Bill Gates has amassed a multimillion-dollar property empire. His portfolio includes Florida horse ranches, a Washington mansion, and a San Diego beach house. Now, that property may be divided in his divorce from his wife of 27 years, Melinda. See more stories on Insider's business page. Bill Gates has amassed a property empire over the years. From his $130 million Washington mansion nicknamed "Xanadu 2.0," to Florida horse ranches,...
Tags: Florida, Microsoft, California, Washington, Saudi Arabia, Life, US, San Francisco, Trends, Atlanta, Wealth, Features, Wyoming, House, Billionaires, Bill Gates


Bill and Melinda Gates are ending their 27-year marriage. Here's how the Microsoft cofounder spends his $129 billion fortune, from a luxury-car collection to incredible real estate.

Bill Gates has an estimated net worth of $129 billion. Thierry Chesnot/Getty Images Bill Gates and his wife of 27 years, Melinda French Gates, are getting a divorce. Gates, the cofounder of Microsoft, has a fortune worth $130.5 billion. Gates indulges in a few luxuries, but he mainly spends through the Bill & Melinda Gates Foundation. Visit Business Insider's homepage for more stories. Bill and Melinda Gates are ending their 27-year marriage.The couple announced the news in a statement...
Tags: Amazon, Elon Musk, News, Microsoft, Australia, California, Washington, New York City, Nigeria, US, San Francisco, Barack Obama, Trends, Atlanta, Wealth, Features


The life and career of Bernard Arnault, the luxury goods mogul who owns brands like Louis Vuitton - and whose wealth is surpassed only by Jeff Bezos and Elon Musk

Bernard Arnault is the chairman and CEO of LVMH, the world's largest maker of luxury goods. ERIC PIERMONT/AFP via Getty Images Bernard Arnault briefly surpassed Elon Musk as the world's second-richest person this week. Arnault controls the massive luxury conglomerate LVMH Moët Hennessy - Louis Vuitton. Four of Arnault's children work at LVMH brands, including Louis Vuitton, Berluti, and TAG Heuer. See more stories on Insider's business page. When it comes to the world of l...
Tags: Apple, Facebook, Fashion, Elon Musk, New York, London, Wales, Vladimir Putin, Steve Jobs, France, Life, New York City, US, Careers, Los Angeles, Trends