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12 ultra-wealthy people who aren't leaving their fortunes to their children

Laurene Powell Jobs doesn't plan on leaving the $24 billion she inherited from her late husband Apple founder Steve Jobs to her children, she told The New York Times on Friday. Several other high-profile millionaires and billionaires have declared they won't be leaving the entirety of their massive fortunes to their children. Many of these wealthy parents have pledged to give the majority of their wealth away to charitable organizations by signing the Giving Pledge. Sting said he plans to spen...
Tags: Apple, Facebook, Mark Zuckerberg, Star Wars, Usa, Hollywood, Jobs, Microsoft, Steve Jobs, New York City, US, America, Trends, Bloomberg, Daily Mirror, Daily Mail


A drunken late-night assault allegation has roiled the secretive world of Mark Zuckerberg's private family office. Personal aides are speaking out about claims that household staff endured sexual harassment and racism from their colleagues. (FB)

Over the past three years, multiple personal aides to Mark Zuckerberg and Priscilla Chan have been accused of serious misconduct by their colleagues. One former staffer accused the manager of Zuckerberg's Hawaii properties of assaulting her after a night of drinking, which led to a hospital visit and police investigation. A Business Insider investigation into the Facebook CEO's secretive family office has uncovered a workplace in crisis over the family's handling of allegations of sexual haras...
Tags: Facebook, Mark Zuckerberg, Obama, California, Washington Post, Montana, White House, Virginia, San Francisco, Trends, Joe Biden, Palo Alto, Fox, Harvard University, Hawaii, Washington Dc


Here's a peek at how reporter Rob Price got inside the ultra secretive world of Mark Zuckerberg's family office in Hawaii

Business Insider is taking you behind the scenes of our best stories with our new series "The Inside Story."  This week, BI deputy executive editor Olivia Oran spoke to BI correspondent Rob Price about his recent investigation into Facebook CEO Mark Zuckerberg's secretive family office, which manages his day-to-day needs and sprawling properties.  Price, who worked alongside senior reporter Becky Peterson on the story, uncovered a workplace in crisis over its handling of allegations of sexual ...
Tags: Facebook, Mark Zuckerberg, New York, Instagram, India, Elizabeth Warren, US, Trends, Hawaii, Silicon Valley, Rob, Smith, Business Insider, Zuckerberg, Becky, Oran


A drunken late-night assault allegation has roiled the secretive world of Mark Zuckerberg's private family office

Over the past three years, multiple personal aides to Mark Zuckerberg and Priscilla Chan have been accused of serious misconduct by their colleagues. One former staffer accused the manager of Zuckerberg's Hawaii properties of assaulting her after a night of drinking, sparking a hospital visit and police investigation. A Business Insider investigation into the Facebook CEO's secretive family office has uncovered a workplace in crisis over the family's handling of allegations of sexual harassment...
Tags: Facebook, Mark Zuckerberg, Trends, Hawaii, Zuckerberg, Priscilla Chan


Facebook COO Sheryl Sandberg says the company just isn't 'capable' of fact-checking political ads (FB)

Following the 2016 US Presidential election, Facebook has faced persistent scrutiny from users and lawmakers over how it handles politics. The most recent controversy involves Facebook's decision not to fact-check political ads, which it considers "political speech." Facebook executives, including CEO Mark Zuckerberg and COO Sheryl Sandberg, have argued that the policy keeps Facebook from becoming the "arbiter of truth." But in an interview with Sandberg on the Byers Market podcast published ...
Tags: Facebook, Mark Zuckerberg, New York, Massachusetts, US, Trends, Nasa, Warren, Sheryl Sandberg, Zuckerberg, Georgetown, Sen Elizabeth Warren, Georgetown University, Facebook COO Sheryl Sandberg, Sandberg, Facebook COO


Here are the diets of notable tech billionaires, from Mark Zuckergberg's 'kill what you eat' routine to Bill Gates' Diet Coke obsession

Billionaires may splurge on multi-million-dollar estates and luxury cars, but that doesn't mean they're digging deep in their wallets for the best and most expensive foods. Some tech billionaires are well known for their outrageous and unhealthy eating habits. These are some of the richest in the tech world who have spoken publicly about their diets. Visit Business Insider's homepage for more stories. Just because billionaires have the money to pay for pricey personal chefs or high-end health...
Tags: Apple, Amazon, Facebook, Mark Zuckerberg, Spacex, Elon Musk, Steve Jobs, New York City, Trends, Tesla, Daily Mail, Bill Gates, Mark Cuban, Reddit, Virgin Group, Richard Branson


The life and rise of Kevin Systrom, Instagram's former CEO who shocked Facebook by quitting 6 years after selling his company to Mark Zuckerberg for $1 billion (FB)

Kevin Systrom launched Instagram in 2010.  The Massachusetts-born Stanford University grad created the app because of his love of photography.  The photo-sharing app has since become a global sensation, amassing over a billion users and making Systrom a billionaire. Systrom led Instagram until 2018, when he suddenly departed Facebook, Instagram's parent company.  Visit Business Insider's homepage for more stories. Instagram grew out of Kevin Systrom's love of photography. The app, which has ...
Tags: Apple, Google, Facebook, Mark Zuckerberg, Instagram, Steve Jobs, Stanford, Boston, Massachusetts, Trends, Pope Francis, Vatican, Ben Horowitz, Jack Dorsey, Fast Company, Kevin Systrom


Facebook just acquired the virtual reality studio behind the critically-acclaimed role-playing game 'Asgard's Wrath'

Facebook has bought Sanzaru Games, a US video game developer that makes games for the Oculus virtual reality platform. Since 2016, Sanzaru has developed 4 titles for the Oculus platform, including the critically-acclaimed role-playing game "Asgard's Wrath." In a blog post published Tuesday, Oculus – the Facebook-owned developer of the Rift VR headset – said Sanzaru is joining Facebook "to help us pursue a future of rich, immersive, and original VR game content." The post added that, while "the...
Tags: Facebook, Mark Zuckerberg, US, Trends, Prague, Oculus, Zuckerberg, Watch Google, Sanzaru, Facebook Oculus the Facebook


A new book about Facebook leaves out a glaring detail about Mark Zuckerberg's views toward privacy in the social network's early days (FB)

In "Facebook: The Inside Story," author Steven Levy offers an unprecedented look into how Mark Zuckerberg built Facebook into the world's largest social network. Levy, a writer at Wired magazine, says Zuckerberg  "vowed to make privacy a core component" of Facebook from its early days, but noted he often fell short of that aim. However, the book leaves out a series of messages sent by Zuckerberg, first reported by Business Insider in 2010, where he calls people "dumb f--ks" for trusting him wi...
Tags: Apple, Facebook, Mark Zuckerberg, Trends, Harvard, Levy, Beverly Hills, Jeff Bezos, Federal Trade Commission, Zuckerberg, Crimson, Steven Levy, Wired Magazine, Cambridge Analytica, The Harvard Crimson, Harvard Zuckerberg


‘Facebook: The Inside Story’ Offers a Front-Row Seat on Voracious Ambition

For his new book, the veteran technology reporter Steven Levy gained abundant access to Mark Zuckerberg and firsthand knowledge of his quest for power.
Tags: Facebook, Mark Zuckerberg, News, Social Media, Levy, Zuckerberg, Steven Levy, Start-ups, Steven, Books and Literature, Computers and the Internet, Mark E, Facebook: The Inside Story (Book


This Provision In Trump’s Infamous NDAs Could Come Back To Haunt Him

What goes around often comes around. And in the case of a former Trump campaign staffer who sued to free herself from its non-disclosure agreement, what is coming around is a provision in the NDA that could require the President’s campaign to pay her nearly $165,000 in attorneys fees. The NDA language requires that the prevailing party in an NDA dispute have their legal fees and costs covered by the losing party. Legal experts tell TPM that the language is fairly standard in NDAs and that it’...
Tags: New York, News, Manhattan, Bronx, Donald Trump, Zuckerberg, Trump, Tierney Sneed, Jessica, NDA, Denson, Pryor Cashman, Jessica Denson, New York s First Department, Maury Josephson, Densons


Zuckerberg has staff blow-dry his armpits before speeches

Facebook leader Mark Zuckerberg has a Facebook executive blow-dry his armpits before making speeches, according to a forthcoming book about the company by journalist Steven Levy. Zuckerberg is harder to read, ping-ponging in Levy’s portrayal between naive genius and robotic robber baron. He, too, is consumed by his public image. (A communications exec is shown blow-drying the CEO’s armpits before speaking appearances to eliminate anxiety sweat.) The book, Facebook: The Inside Story [Amazon], is...
Tags: Facebook, Mark Zuckerberg, Post, News, Levy, Zuckerberg, Developers Developers Developers, Hyperhydrosis, Steven Levy Zuckerberg


Facebook tells US tax bods: Swear to God, we were only worth $6.5bn in 2010 because we were menaced by... MySpace and smartphones

IRS wants Zuckerberg's empire to cough up $9bn in back taxes Facebook has told a court the reason it valued itself at just $6.5bn back in 2010 is not because it was seeking to avoid paying billions in extra tax, but because people had started using their mobile phones more. At the time, the antisocial goliath was reliant on ads on its desktop site.…
Tags: Facebook, US, Software, Irs, Zuckerberg


10 things in tech you need to know today

Good morning! This is the tech news you need to know this Wednesday. Mark Zuckerberg struggled to curry favor with the EU this week, with skeptical lawmakers questioning Facebook's dominance and the spread of coronavirus misinformation. One MEP who met with Zuckerberg said Facebook undermined officials' ability to govern. Elon Musk criticized an artificial intelligence company he helped found — and said his confidence in the safety of its AI is 'not high.' OpenAI is racing to be the first to b...
Tags: Apple, Amazon, Facebook, Mark Zuckerberg, Elon Musk, China, India, Trends, Eu, Greenpeace, Jeff Bezos, Delhi, Alexa, Zuckerberg, Steven Levy, Bezos


The “EARN IT” Act Is Another Terrible Proposal to “Reform” Section 230

Another “fix Section 230” bill is coming. This one is called the “Eliminating Abusive and Rampant Neglect of Interactive Technologies Act of 2020” or “EARN IT Act of 2020” and it’s being led by Sens. Graham and Blumenthal. The EARN IT Act is twice as bad as the other Section 230 reform bills because it’s a two-fer: not only would it undermine Section 230, but it could destabilize the decades-old encryption policy wars. As has become typical for Section 230 reform bills, it takes thousands of wo...
Tags: Facebook, UK, Microsoft, Law, Congress, California, Senate, Wikipedia, US, Pandora, House, Commission, Dmca, Homeland Security, Graham, Doj


Facebook uses its ad policies to block apps that compete with its dating service

Facebook Dating was always doomed to be as dystopian and inhumane as a speech from Mark “I’m not a robot, I swear it” Zuckerberg, but who could have guessed that the company would consider cheating and hookup sites its direct competition. The creators of an app called #Open recently started a petition demanding Facebook stop its censorship campaign against sex-positive dating apps. Facebook denied its app several times because it lets users identify as being in a couple, polyamorous, or in an op...
Tags: Startups, Facebook, Apps, Social Media, Insights, Tech, Zuckerberg, Mark, Maile Manliguis


Billionaire George Soros says Mark Zuckerberg and Sheryl Sandberg should be removed from their leadership positions at Facebook (FB)

Billionaire George Soros is calling for Facebook chief executive Mark Zuckerberg and COO Sheryl Sandberg to be "removed from control of Facebook."  Writing to the Financial Times, Soros said that Facebook should "err on the side of caution and refuse to publish" political ads on its platform.  "Mr. Zuckerberg appears to be engaged in some kind of mutual assistance arrangement with Donald Trump that will help him get re-elected," Soros said.  Visit Business Insider's homepage for more stories. ...
Tags: Facebook, Mark Zuckerberg, Trends, Davos, New York Times, Donald Trump, Financial Times, Sheryl Sandberg, Zuckerberg, World Economic Forum, Davos Switzerland, George Soros, Soros, Sandberg, Facebook FB, Facebook Writing


Soros calls for Zuckerberg and Sandberg to leave Facebook

In a letter to the Financial Times, the billionaire argues they should be removed from their roles.
Tags: Facebook, Tech, Financial Times, Zuckerberg, Soros, Sandberg


Mark Zuckerberg struggles to curry favor with the EU, with skeptical lawmakers questioning Facebook's dominance and the spread of coronavirus misinformation

Facebook CEO Mark Zuckerberg is meeting with EU lawmakers in Brussels this week, and they're not making things easy for him. Zuckerberg is speaking to competition commissioner Margrethe Vestager, internal market commissioner Thierry Breton, and justice chief Vera Jourova. On Wednesday, Vestager and Breton are set to announce proposals to create a single European data market aimed at challenging the dominance of US tech giants like Facebook. The EU has fined Facebook before, slapping it with a ...
Tags: Facebook, Mark Zuckerberg, US, Trends, Tesla, Eu, Brussels, Financial Times, Margrethe Vestager, Zuckerberg, Weber, Vera Jourova, Breton, Amazon Google, European People s Party, Manfred Weber


Facebook asks for a moat of regulations it already meets

It’s suspiciously convenient that Facebook already fulfills most of the regulatory requirements it’s asking governments to lay on the rest of the tech industry. Facebook CEO Mark Zuckerberg is in Brussels lobbying the European Union’s regulators as they form new laws to govern artificial intelligence, content moderation and more. But if they follow Facebook’s suggestions, they might reinforce the social network’s power rather than keep it in check by hamstringing companies with fewer resource...
Tags: Google, Social, TC, Facebook, Apps, Mark Zuckerberg, Europe, Isis, Advertising Tech, Government, Tech, Eu, European Union, Artificial Intelligence, Policy, Al Qaeda


Facebook pushes EU for dilute and fuzzy Internet content rules

Facebook founder Mark Zuckerberg is in Europe this week — attending a security conference in Germany over the weekend where he spoke about the kind of regulation he’d like applied to his platform ahead of a slate of planned meetings with digital heavyweights at the European Commission. “I do think that there should be regulation on harmful content,” said Zuckerberg during a Q&A session at the Munich Security Conference, per Reuters, making a pitch for bespoke regulation. He went on to sugg...
Tags: Travel, Google, Facebook, Mark Zuckerberg, Europe, Germany, Russia, US, Eu, Commission, European Commission, Brussels, Sundar Pichai, Zuckerberg, Vera Jourova, Facebook Facebook


Mark Zuckerberg says good regulation will damage Facebook's business but he wants it anyway

Mark Zuckerberg has admitted "good regulation will hurt Facebook's business in the near term." The Facebook CEO made the remark in a Financial Times op-ed published Sunday, during which he discussed the regulation of social media platforms like Facebook and what this regulation should look like. Zuckerberg added that "good regulation will be better for everyone, including us, over the long term." The 35-year-old's views on Facebook's regulation have not always been clear-cut. In the wake of th...
Tags: Facebook, Mark Zuckerberg, US, Trends, Eu, Brussels, Financial Times, Zuckerberg, Mike Bloomberg, Watch Google, Cambridge Analytica


Mark Zuckerberg Again Calls for Big Tech to be Regulated

Mark Zuckerberg wrote an op-ed published in The Financial Times "once again calling for more regulation of Big Tech," reports MarketWatch, "even if it affects his company's bottom line." Zuckerberg has previously called for more government regulation of internet companies, and reiterated his arguments in favor of laws covering four major areas: elections, harmful content, privacy and data portability. "I don't think private companies should make so many decisions alone when they touch on fundame...
Tags: Facebook, Mark Zuckerberg, Tech, Munich, Financial Times, Marketwatch, Zuckerberg, Reuters Reuters, Big Tech


Facebook is spending $130 million to create a 'Supreme Court' that can overrule Mark Zuckerberg — here's everything we know about it (FB)

In late 2018, Facebook CEO Mark Zuckerberg announced an ambitious plan: to create an independent oversight board that could overrule Facebook's content moderation guidelines, and even Zuckerberg himself. The board is independent from Facebook, but Facebook is funding the board's operations to the tune of $130 million. If users believe their content was removed from the service unfairly or without cause, they can appeal to the independent board directly. If it decides to reverse Facebook's deci...
Tags: Facebook, Mark Zuckerberg, Supreme Court, US, Trends, New Zealand, Zuckerberg, Hughes, Facebook It, Facebook Most, Thomas Hughes, Oversight Board, Business Insider the company, Brent Harris


Treat us like something between a telco and a newspaper, says Facebook's Zuckerberg

Online content should be regulated with a system somewhere between the existing rules used for the telecoms and media industries, Facebook CEO Mark Zuckerberg told global leaders and security chiefs on Saturday.
Tags: Facebook, Mark Zuckerberg, Money, businessNews, Zuckerberg


Zuckerberg ready for Facebook to pay more tax as welcomes rules review

Facebook Chief Executive Mark Zuckerberg accepts that global tax reforms mean it may have to pay more taxes in different countries, excerpts of a speech he is due to deliver in Germany on Saturday show.
Tags: Facebook, Mark Zuckerberg, Money, Germany, businessNews, Zuckerberg


Mark Zuckerberg says Facebook is 'happy to pay more tax in Europe' (FB)

Mark Zuckerberg is planning to say Facebook is "happy to pay more tax in Europe," according to excerpts from a speech scheduled for Saturday seen by the Telegraph and BBC. European countries including Britain and France have drawn up bills for taxing the revenue big tech companies like Facebook make inside their countries. The planned tax laws have led to escalating tensions with the US, which says such laws unfairly target American companies. Visit Business Insider's homepage for more stories...
Tags: Facebook, Mark Zuckerberg, Europe, UK, France, US, Trends, Eu, European Union, Bbc, Munich, Britain, Ireland, Boris Johnson, OECD, Donald Trump


Zuckerberg’s Priority; BackRub & Burbn; 3 Strategies for Women

Dear ScaleUps,  Hope it’s been a productive and purposeful week. Here are some insights/opportunities to help you outlearn/outthink the competition. …while I’m glad I did annual challenges over the last decade, it’s time to do something different. This decade I’m going to take a longer-term focus.   Mark Zuckerberg, Facebook CEO 3 Strategies Women Can Use to Be Heard at Work -- This Fortune article details three ways women can deal with mansplaining, bropr...
Tags: Google, Amazon, Facebook, Mark Zuckerberg, Leadership, Instagram, Australia, Sydney, Shark Tank, Odeo, Zuckerberg, Max, Ben, Bill Gallagher, Better Book Club, John Ratliff


Zuckerberg accepts Facebook may pay more tax in different places - Politico

Facebook Chief Executive Mark Zuckerberg accepts that global tax reforms mean the social networking giant may have to pay more taxes in different countries, Politico reported, citing excerpts of a speech he is due to give on Saturday.
Tags: Facebook, Mark Zuckerberg, Money, businessNews, Zuckerberg


Zuckerberg accepts Facebook may pay more tax outside U.S. - Politico

Facebook Chief Executive Mark Zuckerberg accepts that global tax reforms mean the social networking giant may have to pay more taxes outside of the United States, Politico reported, citing excerpts of a speech he is due to give on Saturday.
Tags: Facebook, Mark Zuckerberg, Money, businessNews, Zuckerberg, U S Politico, United States Politico