China’s Top 10% Flip Rich Switch in a First to Outnumber Wealthy Americans

For the first time ever, the Chinese outnumbered the Americans among the top 10% of the wealthiest people in the world. While the US boasted of 99 million people featuring in the global top 10%, China had 100 million of them, according to Credit Suisse. Relative to a country’s population however, the US still beat … Read more

Bill Gates Only Needs 16 Minutes to Plug His City’s $500k Budget Hole

(08:45 GMT 10/21/2019) Editor’s Note: The headline is corrected and updated for accuracy after a previous erroneous figure of the budget deficit total. Medina, Washington, where the world’s second-richest man Bill Gates lives is in financial trouble. The city of 3,200 residents is projecting a budget deficit of $0.5 million by 2020. If left unchecked … Read more

Elon Musk’s Pot Stunt on Joe Rogan Smoked $5 Million in US Taxpayer Money

Elon Musk, Joe Rogan

Elon Musk’s appearance on The Joe Rogan Experience podcast last year had a financial toll not just on the companies the Tesla CEO heads but also on the US taxpayer. According to Politico, the publicly-funded National Aeronautics and Space Administration (NASA) was so concerned about Musk’s pot-smoking incident that it ordered a mandatory review of … Read more

This $23,000 Debit Card Is Your Solid-Gold Ticket to ‘Limitless Spending’

$23,000 gold debit card

This week Mastercard (NYSE:MA), Accomplish Financial, and the Royal Mint have come together to bring social climbers everywhere an exclusive card that’s accessible to anyone who can scrape the cash together. The card is made of 18 karat gold and costs £18,000 (~$23,000) when you open a Raris account. According to Raris’ Instagram page, only … Read more

PG&E Power Outage Creates Unforeseen Hassle for California Tesla Drivers

PG&E power outage stops tesla drivers from charging cars

Almost one million customers of the Pacific Gas & Electric Company (PG&E) in Northern California face extensive power outages for up to five days, beginning at midnight on Wednesday. The blackouts are a massive inconvenience for ordinary PG&E customers, but they’re even worse if you drive a Tesla. PG&E Blackouts Leave Teslas Out of Juice … Read more