How billionaires make their money

There are approximately 2,153 billionaires in the world, but most of them did not inherit their fortune.

  • As COVID cases spike in Florida, Trump now says he's 'flexible' on convention format in Jacksonville
    Yahoo News

    As COVID cases spike in Florida, Trump now says he's 'flexible' on convention format in Jacksonville

    With coronavirus cases exploding in Florida, President Trump said he is “flexible” about the need for a traditional indoor Republican National Convention in Jacksonville next month. The Republican National Committee had scrapped plans to hold the party's convention in Charlotte, N.C., after Gov. Roy Cooper said he would only allow “a scaled-down convention with fewer people, social distancing and face coverings.” In a television interview with former Fox anchor Greta Van Susteren, Trump suggested the format for the Aug. 24-27 event would depend on the severity of the outbreak in the Sunshine State.

  • An Austin police officer appeared to grope a woman's breast after pulling her over for a traffic violation
    INSIDER

    An Austin police officer appeared to grope a woman's breast after pulling her over for a traffic violation

    In a video that trended on social media Tuesday, an Austin police officer appears to grope the woman's breasts while performing a search, even as she demanded a female officer. In a statement, the Austin Police Department said the officer acted appropriately since the encounter was recorded and another officer was present. The department also said the officer was conducting a search before transporting the woman to jail for "multiple hazardous traffic violations."

  • 'I feel threatened': Unmasked Florida man's viral Costco outburst cost him his job
    NBC News

    'I feel threatened': Unmasked Florida man's viral Costco outburst cost him his job

    A man's outburst at a Costco in Florida that was caught on video has cost him his job. A video of the incident was posted to Twitter on Monday night by filmmaker Billy Corben. "Florida man at Fort Myers Costco in 'Running the World Since 1776' shirt flips out on elderly woman who asked him to wear a mask and man who defended her #BecauseFlorida," Corben tweeted.

  • Poll: 70 Percent of Americans Think ‘Black Lives Matter’ Has Not Improved Race Relations
    National Review

    Poll: 70 Percent of Americans Think ‘Black Lives Matter’ Has Not Improved Race Relations

    A majority of Americans believe the Black Lives Matter movement has not improved race relations, according to a new poll from Monmouth University, with 38 percent of respondents saying BLM has hurt racial issues in America, compared to 26 percent who say the movement has helped. The poll's findings, released Wednesday, compared results from June 2020 to a similar poll conducted by Monmouth in 2016. While 71 percent of respondents agreed that Black Lives Matter has “brought attention to real racial disparities in American society” — a double-digit increase from 2016 — 70 percent of respondents think that the movement has not improved race relations, with 38 percent saying Black Lives Matter has made race relations worse.

  • Twitter billionaire Jack Dorsey just announced he will be funding a universal basic income experiment that could affect up to 7 million people
    Business Insider

    Twitter billionaire Jack Dorsey just announced he will be funding a universal basic income experiment that could affect up to 7 million people

    Associated Press On Thursday, Jack Dorsey, the billionaire CEO of Twitter, announced he is working with 14 American mayors to fund universal basic income (UBI) trials in their cities. The pilot programs will be run city by city and have not yet launched. Former presidential candidate Andrew Yang helped bring the idea of universal basic income into the mainstream and is funding his own UBI pilot program.

  • Thomas Lane, former Minneapolis police officer who held George Floyd's legs, seeks dismissal of charges
    USA TODAY

    Thomas Lane, former Minneapolis police officer who held George Floyd's legs, seeks dismissal of charges

    Thomas Lane, the former Minneapolis police officer who held George Floyd's legs while Derek Chauvin kept his knee pressed to Floyd's neck, wants his charges dismissed. Lane's attorney, Earl Gray, on Tuesday filed a motion to dismiss Lane's charges. The fired officer is charged with aiding and abetting Chauvin, who has been charged with second-degree murder and manslaughter in Floyd's death, which sparked nationwide protests against racial inequality and police brutality.

  • 15 Platform Beds to Elevate Your Bedroom Style
    Architectural Digest

    15 Platform Beds to Elevate Your Bedroom Style

    You'll love these contemporary styles and budget-friendly price points Originally Appeared on Architectural Digest

  • Texas carries out its first execution during pandemic after Supreme Court gives go-ahead
    The Independent

    Texas carries out its first execution during pandemic after Supreme Court gives go-ahead

    Mr Wardlow had appealed against his death sentence on the basis that he was only 18 when he committed the crime. His lawyers argued that since some neuroscientists now agree that the human brain is still developing up until the age of 21, it is not possible to accurately predict how dangerous an 18-year-old might be in future – and that people under 21 who commit capital offences should therefore not be sentenced to death. The current lower limit is 18.

  • Joe Shapiro's widow says her late husband met Donald Trump in college
    FOX News Videos

    Joe Shapiro's widow says her late husband met Donald Trump in college

    Raw video: Pam Shriver says her late husband met Trump after he was already enrolled at the University of Pennsylvania.

  • Fox News Anchor Sandra Smith Forced to Quickly Pivot When Trump Spox Goes on Bizarro Biden Rant
    The Daily Beast

    Fox News Anchor Sandra Smith Forced to Quickly Pivot When Trump Spox Goes on Bizarro Biden Rant

    Fox News anchor Sandra Smith quickly jumped in and interrupted Trump campaign spokesperson Hogan Gidley on Thursday when he went on an absolutely off-the-rails tangent about former Vice President Joe Biden and what the presumptive Democratic presidential nominee will say in a debate performance. In recent days, Republicans and conservative pundits have suggested that Biden is looking to skip the presidential debates, focusing largely on a New York Times opinion column that urged the ex-veep to make a couple of demands before debating President Donald Trump. Interviewing Gidley on Thursday morning's America's Newsroom, Smith brought up the Times piece while noting that veteran Democratic strategist James Carville “flipped the script” and claimed that it was Trump who wouldn't show.

  • Reuters

    El Salvador murder rate plummets; study says gangs may have informal pact with government

    Homicides in El Salvador fell over 50% in President Nayib Bukele's first year in office, with officials citing tougher enforcement, while a study on Wednesday suggests gangs may have eased up on violence and made informal deals with authorities. Homicides were already in decline in El Salvador, which has recently had one of the world's highest murder rates, when Bukele took office in June 2019. Bukele has attributed the improvement to an increased police and military presence on the streets, and tighter security in jails controlled by the powerful Mara Salvatrucha (MS-13) and Barrio 18 gangs.

  • Israel looked like a model for halting coronavirus. Here's how it 'lost its bearings.'
    NBC News

    Israel looked like a model for halting coronavirus. Here's how it 'lost its bearings.'

    When signs of the coronavirus pandemic appeared in Israel in March, the country shut down hard and fast. Between 8 a.m. Tuesday and 8 a.m. Wednesday morning, Israel recorded a new daily high of 1,528 coronavirus cases, the Health Ministry said. In the West Bank and Gaza, cases have also steadily risen, with more than 300 reported on Tuesday.

  • US gives the green light to Japan’s massive $23B F-35 buy
    Defense News

    US gives the green light to Japan’s massive $23B F-35 buy

    The United States on Thursday approved a planned purchase by Japan of 105 F-35 joint strike fighters, moving the country one step closer to becoming the biggest foreign customer of the Lockheed Martin-produced jet. The approved package includes 63 F-35A conventional takeoff and landing aircraft and 42 F-35 short takeoff and landing variants, essentially green-lighting the procurement plans spelled out by Japan in 2018. The Defense Security Cooperation Agency notified Congress of the possible sale, which is worth about $23 billion, although that number could change during negotiations between the country and Lockheed Martin.

  • The Mayor of Phoenix said she only found out the city was getting a 'significant' federal coronavirus testing site from a tweet
    Business Insider

    The Mayor of Phoenix said she only found out the city was getting a 'significant' federal coronavirus testing site from a tweet

    Phoenix Mayor Kate Gallego told Business Insider she only found out west Phoenix was getting a 'significant' federal testing site through a tweet. The mayor had been calling for federal help from the Federal Emergency Management Agency to increase testing in the city. Arizona has turned into the epicenter for the coronavirus outbreak, surpassing 100,000 cases this week.

  • Militants kill BJP politician Wasim Bari and his family in Kashmir
    The Telegraph

    Militants kill BJP politician Wasim Bari and his family in Kashmir

    A Hindu nationalist Bharatiya Janata Party politician was killed along with his brother and father in Indian administered Kashmir, officials said on Thursday. Wasim Bari, 38, and his family were attacked by militants at his residence in north Kashmir's Bandipora district on Wednesday night. All three were shot at point-blank range and died on the way to hospital.

  • Syrians alarmed at Russia push to limit cross-border aid
    AFP

    Syrians alarmed at Russia push to limit cross-border aid

    Displaced Syrians relying on humanitarian assistance voiced alarm Thursday after regime ally Russia tried to reduce cross-border aid to millions in the northwest of the war-torn country. The Russian motion at the UN Security Council was voted down, but a council resolution authorising aid deliveries through the Turkish border expires Friday. In a displacement camp in the last major opposition bastion of Idlib, father-of-four Abu Salem said living without aid was unthinkable for many who had lost their homes in the nine-year war.

  • Judge blocks removal of more Confederate statues in Richmond
    Associated Press

    Judge blocks removal of more Confederate statues in Richmond

    A judge issued an injunction Thursday barring the city of Richmond from removing any more Confederate monuments, a process that began last week after Mayor Levar Stoney ordered the statues cleared away amid weeks of protests over police brutality and racism. Richmond Circuit Court Judge Bradley Cavedo issued the decision after a hearing in a lawsuit filed Tuesday by an unnamed plaintiff, local media outlets reported. The lawsuit asked for an emergency injunction to halt the removal of the statues and alleged that Stoney violated state law by ordering their immediate removal.

  • Ohio sheriff refuses to enforce governor's mask order: 'I'm not going to be the mask police'
    The Independent

    Ohio sheriff refuses to enforce governor's mask order: 'I'm not going to be the mask police'

    An Ohio sheriff said he won't enforce Governor Mike DeWine's order making face masks mandatory in states with high rates of Covid-19 infections. The sheriff is a supporter of President Donald Trump and comes from a county of like minded individuals; Butler County voted for Mr Trump by a 2-to-1 margin in 2016 and nearly all of its officeholders are Republicans. Mr DeWine issued the mandatory mask order on Tuesday.

  • Officials Terrified That Trump’s Jacksonville Convention Will Be ‘Another Tulsa’
    The Daily Beast

    Officials Terrified That Trump’s Jacksonville Convention Will Be ‘Another Tulsa’

    Sam Newby was excited at first when the Republican National Convention decided to head to his city. “In a normal situation, I would be glad for the RNC to come here, I would be the first one to be there,” Newby said.“But with the spike of it, and I know what it can do, that's why I'm concerned about it coming to Jacksonville.” Trump's drive for a Jacksonville convention is on a collision course with the rampant spread of the coronavirus in Florida.

  • Trump flag angered man so he dumped trash on resident’s lawn for months, NJ cops say
    Miami Herald

    Trump flag angered man so he dumped trash on resident’s lawn for months, NJ cops say

    A 58-year-old New Jersey man was allegedly dumping trash on a resident's front yard for about four months because he couldn't stand looking at a President Donald Trump flag displayed on the property, local outlets reported. Richard Keller, 58, of Franklin, was first caught in the act at about 5 a.m. on July 1 when undercover police officers witnessed Keller throw trash out of his window onto the driveway of the Sparta home, ⁠ the Sparta Police Department said, TAPintoSparta reported. When one of the officers stopped Keller and asked him why he continued to dump trash on the person's property, he responded, “I think you know...because of the flag,” police said, according to the outlet.

  • Gun violence disproportionately affects minorities. Data shows it's getting worse.
    NBC News

    Gun violence disproportionately affects minorities. Data shows it's getting worse.

    In New York City, after the number of shooting victims more than doubled from June 2019 to this June, every person who has been shot this July, nearly 100 in total, has been a member of the minority community, according to the police department. And in June, 97 percent of the shooting victims were minorities, the department said. In Chicago, where minority communities have long struggled with deadly gun violence, shootings have increased 76 percent from the same time last year, with nearly all the bloodshed concentrated in the city's predominantly Black and brown communities on the South and West Sides.

  • U.S. Supreme Court deems half of Oklahoma a Native American reservation
    Reuters

    U.S. Supreme Court deems half of Oklahoma a Native American reservation

    The U.S. Supreme Court on Thursday recognized about half of Oklahoma as Native American reservation land and overturned a tribe member's rape conviction because the location where the crime was committed should have been considered outside the reach of state criminal law. The justices ruled 5-4 in favor of a man named Jimcy McGirt and agreed that the site of the rape should have been recognized as part of a reservation based on the historical claim of the Muscogee (Creek) Nation - beyond the jurisdiction of state authorities. The decision means that for the first time much of eastern Oklahoma is legally considered reservation land.

  • Female US Army soldier makes history by becoming the first woman to become a Green Beret
    Business Insider

    Female US Army soldier makes history by becoming the first woman to become a Green Beret

    U.S. Army photo by K. Kassens A female soldier became the US Army's first female Green Beret on Thursday. The National Guard soldier graduated, earned her Special Forces Tab, and earned her Green Beret Thursday at a ceremony at Fort Bragg, North Carolina celebrating her and her classmates completion of Special Forces training. US Army Special Operations Command is withholding identifying information about the woman due to mission security demands for special operations troops.

  • The authors of a study downplaying racism in police killings called their findings 'careless,' and retracted the paper
    INSIDER

    The authors of a study downplaying racism in police killings called their findings 'careless,' and retracted the paper

    Two study authors have retracted their research after it was used in two opinion columns to dismiss systemic racism by police as a myth. Two researchers who wrote a study on racial disparities in fatal police shootings have retracted their work after an opinion columnist at the Wall Street Journal misused the findings, they said. The study in question was published in April 2019 in the journal Proceedings of the National Academy of Sciences, and it looked at whether a police officer's race could predict the races of the civilians they fatally shot.

  • Former India navy officer refuses to appeal spying death sentence
    AFP

    Former India navy officer refuses to appeal spying death sentence

    A former Indian naval officer on death row in Pakistan for alleged spying has refused to lodge an appeal against his conviction and will try instead for a military pardon, an official said Wednesday. Kulbhushan Sudhir Jadhav was arrested in 2016 in Pakistan's restive southwestern province of Balochistan -- a region where Islamabad has long accused New Delhi of backing separatist rebels. He was sentenced to death by a closed Pakistani military tribunal in 2017, but the International Court of Justice ordered Islamabad last year to review the sentence, and he was later offered the right to appeal.