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Offbeat: Newcomers in the $ 100 billion-club

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More and more billionaires create it in the $ 100 billion club. This is dominated mainly by US Tech entrepreneurs. However, critics complain again and again the Unfair tax system of the USA.

DANIEL ROLAND/AFP/Getty Images © Provided by Daniel Roland / AFP / Getty Images

• Steve Ballmer creates it in the 100 billion dollar club

• Larry Ellison slips under the 100 billion-border

• Wealthy numbers in the USA always Even too little taxes

The most exclusive club in the world is the 100 billion-dollar club. Members are, for example, Facebook -founder Mark Zuckerberg, Amazon -Founder Jeff Bezos or Tesla -ceo Elon Musk. Despite the corona crisis, which many people has prepared financial problems, there is such a few billionaires as soon as the "Bloomberg Billionaires Index" (as of 19.07.2021), which could soon also rise in the asset Olympus.

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Steve Ballmer with a fortune over $ 100 billion

Thus, the ex-CEO of Microsoft Steve Ballmer creates in the $ 100 billion club and this year was able to be 20.1 billion to a total of 101 Increase billion US dollars. This is the ninth member of the club of super-rich. The founder of US Software Concerning Oracle , Larry Ellison is resigned with a current assets of $ 99.8 billion from the $ 100 billion club and currently occupies tenth place in the ranking of the richest people in the world. The reason for the short-term amendments to the assets of super-rich could according to reports of the business magazine "Finanzblatt" in the stock fluctuations. According to the business magazine "Business Insider" Ellison pleases much luxury. So the billionaire leaves with preference yacht race and is owner of a whole Hawaiian island.

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The billionaire elite consists mostly of US Tech entrepreneurs. An exception is the French luxury goods Mogul Bernard Arnault. With his company LVMH he operates brands such as Moët & Chandon, Louis Vuitton or Dior, which brought him a fortune of 167 billion US dollars. A club contender is also the L'Oréal -erbin Françoise Bettenecourt-Meyers. With a net assets of 87.8 billion US dollars, it is not only the richest woman in the world, but also the Elft placed of the "Bloomberg Billionaires Index".

income tax rate for many billionars too low

With the steady changes in the $ 100 billion club, the control stabilizes back to the fore. Thus, the non-profit organization reported "Propublica" that top billionaires such as Jeff Bezos or Elon Musk have paid little until no income tax in a few years. This in turn led to call to check the tax code in the USA. Even though US President Joe Biden urges a tax change package that gives more responsibility to the wealthy, many billionaires still use control loops. Millionaires can reduce their tax liability with the possession of sports teams. Thus Steve Ballmer, the owner of the basketball team Los Angeles Clippers, had to pay only 78 million US dollars at taxes at a merit of $ 686 million in 2018. This is a federal income tax rate of 12 percent, which is much lower than that of an employee of the association.

Tim Adler / Editorial

Equilibrium/ Sustainability — Presented by NextEra Energy — Greenland lost enough ice Tuesday to flood Florida .
Today is Friday. Welcome to Equilibrium, a newsletter that tracks the growing global battle over the future of sustainability. Subscribe here: The amount of ice that melted Tuesday in Greenland would be enough to cover the entire state of Florida in two inches of water, CNN reported.Greenland lost more than 8.5 billion tons of surface mass on that single day, and 18.4 billion tons since Sunday, as the island experiences its most significant melting event of the year, according to the Denmark Meteorological Institute.

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