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The Financial Times has an interesting piece this week by Ruchir Sharma on the now-familiar theme of how Covid has made the world’s most wealthy people even wealthier. Sharma has spent two decades tracking the fortunes of billionaires, concerned that rising inequality would lead to political instability. He argues that the colossal $9tn – that’s 9 […]
“Let me tell you about the very rich. They are different from you and me. They possess and enjoy early, and it does something to them, makes them soft, where we are hard, cynical where we are trustful, in a way that, unless you were born rich, it is very difficult to understand.” Did F. […]
Peter Nygard, described in the press as a ‘fashion mogul’ has been arrested and charged with trafficking dozens of women and teenage girls – with offences apparently regularly taking place in his private island in the Bahamas. Nygard, 79, owns a Canadian fashion house and it is claimed he lured his alleged victims to his Bahamas estate over […]