wealth

antiagingBillionaires Longevity and Low Taxes

Paul Krugman wrote an opinion piece where he rants against future radical life extension. Krugman fears that it will only be available to billionaires. Krugman scenario is that Peter Thiel would still be alive, wealthy and healthy in 2067 when …

asiaCrazy Rich Asians Push Louis Vuitton Owner Past Bill Gates in Wealth

Chinese customers, who still mainly buy luxury items on overseas trips, buy more than a third of luxury sector sale. They and other Crazy Rich Asians have helped boost the shares of LVMH. Chinese consumers purchased $121 billion worth of …

businessFuture Elon and SpaceX Domination Will Be Like Rockefeller and Standard Oil

John D Rockefeller created Standard Oil, which built up the modern oil and refining industry. Standard Oil created massive price advantages and scale beyond its competitors. It grew by increasing sales and through acquisitions. In 1868, the Lake Shore Railroad, …

carsNIO Builds Luxury Electric SUVs and Sells a Luxury Lifestyle

NIO sells luxury electric SUVs in China for about US$60,000 each. NIO is at the intersection of several high growth markets in China. The high-growth markets are electric cars, luxury goods and a segment of very rich people. NIO provides …

businessMillionaire Naval Ravikant Provides Keys to Getting Rich

Naval Ravikant (@naval) is the CEO and co-founder of AngelList. He has invested in more than 100 companies, including Uber, Twitter, Yammer, and many others. AngelList is a social media site whose mission is to connect startups with investors and …

africaBill Gates Described How The World Can and Will Be Better

Bill and Melinda Gates provided their 2019 annual report and describe how they can make the world better over the next few decades. Africa Can Be Fixed and Provide Growth for the World Sub-Saharan Africa has the opportunity to invest …

chinaCountries With Billionaire Counts and Which Countries Have No Billionaires

Is it good or bad to have a country with billionaires? Is an economy better without billionaires? Is there less poverty or richer people when there are no billionaires? Representative Alexandria Ocasio-Cortez, D-N.Y. said it is immoral to allow billionaires …

africaHistorical and Social Reasons Why Sacrifice As a Plan Fails

There were some emails about my article about being able to feed 40 billion people with today’s agricultural productivity. Food, energy, water, and ecosystems are connected. The complexity of those systems is secondary. Why do people have large families? What …

futureBezos and Musk Will Both be Trillionaires in the Space Internet Age

There are huge multi-trillion dollar opportunities developing with Space and the further evolution of the internet. Space launch and space satellites were already a $300 billion per year industry. Cloud Computing is a $200 billion market in 2018. Global Internet …

chinaChina dominating global luxury good and e-commerce sales

In 2017, China’s purchase of luxury goods was equal to the USA and Japan combined. By 2024, China luxury goods purchases almost to the level of the USA, Europe and Japan combined. Consumers in China spent $118.39 billion on luxury …