One Percenter

11 Stories

'Monster' Stock Rally Sets Dizzying Record for the 1%

America's richest claimed collective net worth of $44T in Q4 of 2023, thanks to soaring stocks

(Newser) - By most objective measures, stocks are soaring of late, with the market on Thursday notching its best first quarter in five years. Who should be particularly stoked: America's richest 1%, a demographic that CNBC reports was able to claim a combined net worth of $44 trillion in Q4 of...

12 Richest People Cause More Pollution Than 2M Homes

New Oxfam report points the finger at the 1% for more carbon emissions than poorest 2/3 of world

(Newser) - If you're feeling guilty that you haven't yet bought an EV or installed solar panels on your roof to cut down on your portion of greenhouse gases, you're (somewhat) off the hook—you can blame the 1% for a lot of that pollution. A new Oxfam International...

Some Executives Pay a Pretty Penny to Do an Ironman
The Rich Can
Buy a Different
Ironman Experience
longform
Dec 25, 2022 7:01 AM CST

The Rich Can Buy a Different Ironman Experience

Welcome to the world of Ironman XC

(Newser) - "I'm sure you have noticed we are spoiled kids," is how Jerome Le Jamtel puts it. The New Yorker is a C-level executive who spends close to six figures a year entering Ironman races. With race entry fees that typically run from $475 to $675, how is...

He Paid Nearly $2M to Get His Family Out of NYC

That's the reported rental price of the Hamptons home

(Newser) - The 17,000-square-foot Hamptons mansion was listed for rent for only a day before it was snatched up. The cost to stay there from March through Labor Day? Nearly $2 million. "A textile tycoon and his family who were stuck in Manhattan and wanted to leave the city on...

WSJ Defends Billionaire's Holocaust Comparison
WSJ Defends Billionaire's Holocaust Comparison
OPINION
Jan 30, 2014 12:51 PM CST

WSJ Defends Billionaire's Holocaust Comparison

Backlash just proves Tom Perkins' point: editorial

(Newser) - When billionaire Tom Perkins compared the plight of the 1% today to the plight of the Jews during the Holocaust, pretty much everyone seemed to disagree with him . But now the Wall Street Journal (home to Perkins' letter to the editor) jumps to Perkins' defense with an editorial claiming that...

Billionaire: America's 1% Facing Hate on Holocaust Level

Tom Perkins fears new Kristallnacht

(Newser) - A billionaire venture capitalist has sparked a furor with a worried letter to the Wall Street Journal . In the brief piece, Tom Perkins notes "the parallels of fascist Nazi Germany (and) its war on its 'one percent,' namely its Jews, to the progressive war on the American...

Americans on Hard-working Rich: Admirable, Greedy
Americans on Hard-working Rich: Admirable, Greedy
new poll
Aug 27, 2012 5:15 PM CDT

Americans on Hard-working Rich: Admirable, Greedy

Oh, and more intelligent and less honest: Pew Research Center poll

(Newser) - Good news for the 1%: A little more than 40% of Americans think you are more intelligent and more hardworking than the average Joe, according to a new Pew Research Center poll . And if you worked hard to get your money, then 92% of middle-class Americans would describe you as...

6 Walmart Heirs Worth Same as Bottom 41% of US

Their combined worth is $89.5 billion

(Newser) - Who has more money: the six heirs to the Walmart fortune or the bottom 41.5% of all American families put together? Trick question—they're about the same. The Economic Policy Institute calculates that in 2010, six members of the Walton family were together worth $89.5 billion. That...

Stephen King: Raise My F***ing Taxes Already

The rich aren't going to pay up just to be nice

(Newser) - Stephen King is following Warren Buffett's lead with an op-ed begging to be taxed more—though King drops in a few more F-bombs in his very salty appeal. In "Tax Me, for F***'s Sake," the wealthy author offers his views on his fellow one-percenters: "The...

Majors That May Get You Into the 1%

Definitely consider pre-med

(Newser) - Want your kid to make it into the 1%? Then the New York Times ' Economix blog knows which majors you might want to steer him or her toward. In an analysis of census data, it found that the majors with the best chance of making it into that coveted...

It Only Takes $34K to Be Global One Percenter

Things are tougher elsewhere

(Newser) - Oh, this is rich. Many members of the 99% turn out to be one-percenters when incomes from all over the world are ranked. In fact, it takes an annual per-person income of $34,000—after taxes—to place an American in the global 1%, according to the book The Haves ...

11 Stories