Facebook boss Mark Zuckerberg joins centibillionaire club

Photo caption:  Mark Zuckerberg owns a 13% stake in Facebook. Photograph: Charles Platiau/Reuters. Article by Mark Sweney.

Mark Zuckerberg’s fortune has passed $100bn (£76bn) for the first time, adding him to an exclusive club of the world’s centibillionaires, after Facebook’s shares surged on news it is to launch a rival to the video-sharing app TikTok. […]

The US senator Bernie Sanders wants to introduce legislation to tax what he called “obscene wealth gains” during the coronavirus crisis, despite the US economy shrinking at its fastest pace on record. The “Make Billionaires Pay Act” would impose a 60% tax on wealth gains made by the super-rich from 18 March through to the end of the year. The revenue would be used to cover the healthcare expenses of US citizens struggling to pay. […]

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