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Offbeat Newcomers in the $ 100 billion-club

06:15  21 july  2021
06:15  21 july  2021 Source:   finanzen.net

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Warren Buffett on Thursday joined the $ 100 billion club , joining Jeff Bezos, Elon Musk, and his friend Bill Gates on a highly-exclusive list of just 6 people with a net worth of at least $ 100 billion . Here's everyone who is a member of the $ 100 billion club . Data sourced from Bloomberg Billionaires Index.

Former Microsoft CEO Steve Ballmer joins the $ 100 Billion Club , whose members include Amazon founder Jeff Bezos, Tesla chief Elon Musk, French luxury goods mogul Bernard Arnault and Microsoft founder Bill Gates [File: Bloomberg]. Steve Ballmer, the former chief executive officer of Microsoft Corp., has a net worth of more than $ 100 billion , making him the ninth person in the world to reach that lofty plateau. Oracle Corp. founder Larry Ellison fell just short of making it an even 10, ending Wednesday with a fortune of .6 billion, according to the Bloomberg Billionaires Index.

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 finanzen.net 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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The four members of the massive $ 100 billion club are Jeff Bezos, Bill Gates, Mark Zuckerberg, and Elon Musk. Zuckerberg reached this mark on August 7, 2020. The all-time hit of 2 per share helped Zuck to achieve this status. His net worth has increased by billion since January 1. Look at the d ifference in the 5 years. The value of a share increased by almost 9 times. Elon Musk’s net worth is evaluated by compromising his stakes in Tesla and SpaceX. Elon owns 20% of the public held Tesla’s stocks.

After reviewing the $ 100 billion club 's 15 newest members, Cramer realized that investors don't always need to look for under-the-radar names to find the best investments. Sometimes, the big winners are right in front of you. "Here's the bottom line: when it comes to the newest members of the $ 100 billion club , I say dance with the one that brung ya," he said. "These executives have created tremendous value here and I bet they're going to keep doing it. May seem like a silly way to pick stocks, but in a bull market, winners tend to keep winning and nothing says success [like]

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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Its shares climbed as much as 9.7%, extending strong gains since China began to return to normal in mid-March and propelling Meituan’s market value to more than $ 100 billion . That surge came after Meituan reported better-than-expected sales of 16.8 billion yuan (.4 billion ) in the three months ended March. Morgan Stanley and CICC were among the brokerages that lifted their targets on Meituan, citing resilience across business lines and easing competition. Backed by Tencent Holdings Ltd., Meituan’s sprawling services from food delivery to in-store dining and hotel booking were among

The following video is part of our "Motley Fool Conversations" series in which analyst John Reeves and analyst Jason Moser discuss topics across the investing world. John and Jason consider a list of the 24 companies in America with market caps over $ 100 billion . John considers three takeaways. At the time thisarticle was published Jason Moser has no positions in the stocks mentioned above. John Reeves owns shares of Apple.

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 Finanzen.net

Biden administration spent $2 billion 'not to build' border wall, Republicans say .
President Joe Biden's administration has spent roughly $2 billion to pay for military contractors tasked with guarding unused materials after the Democrat put a pause on construction of the border wall. © Provided by Washington Examiner Biden's cohort shelled out roughly $3 million per day to "guard steel, concrete, and other materials in the desert," according to a report from the Senate’s Subcommittee on Government Operations and Border Management, of which Oklahoma Sen. James Lankford is the chairman.

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This is interesting!