person
Larry Page co-founded Google in 1998 and later served as CEO of Alphabet, becoming one of the world's wealthiest tech entrepreneurs.
Sergey Brin has given $102 million to defeat California's Prop 40, a one-time 5% billionaire tax that could cost him about $13 billion. The state's $100 billion estimate depends as much on how many of its 200 billionaires stay resident as on the November vote.
Reality
The Bridgewater founder said in a video for the World Economic Forum that over-investment in world-changing technology creates debt and then a bubble and then a bust. Fortune puts the dotcom version at a 77% Nasdaq fall.
Reality
California's Proposition 40 would take a one-time 5% of billionaire net worth, and at that rate the $29 billion Fortune estimates the measure loses to departures implies about $580 billion of net worth has already changed address.
Reality
A 5% levy on about 200 people was costed against wealth that has already moved. Fortune counts roughly $29 billion gone, and the two men at the top were 28.5% of the base.
Reality
A staggered unlock schedule runs to Q2 2027, per cryptobriefing.com. August's tranche was 911.5m shares; Musk's block is about seven times bigger and still months out.
Reality
Archer Aviation bought its former courtroom adversary plus a software unit and a drone maker. The consideration was equity, and the acquired assets sell things today.
Reality