Billionaires would never have a bad year... if they didn't exist.
Sam Pizzigati, veteran labor journalist and Institute for Policy Studies associate fellow, edits Inequality.org. His recent books include: The Case for a Maximum Wage and The Rich Don't Always Win: The Forgotten Triumph over Plutocracy that Created the American Middle Class, 1900-1970 .Last year, for instance, ended with a torrent of news stories about howthe 12 months that had just gone past “a year to forget,” with almost $1.5 trillion “wiped from the fortunes of the richest 500 alone.
But honors for the biggest nosedive of all have to go to Elon Musk. The world’s richest man at the start of 2022, MuskSo did all these losses have our billionaires shaking in their boots? Did they start tightening their belts a bit in 2022? Spend less on the world’s most fabulously expensive luxury must-haves?
Not exactly. In fact, not all. The world’s most celebrated purveyors of pure extravagance actually registered record years in 2022. Rolls-Royce had its best-ever annual sales total, selling a record 6,021 “motor cars,” up 8 percent over 2021.on New Year’s Day, “are now happy to pay around half a million Euros for their unique motor car,” a sum equal to about $540,000 in the United States, the company’s single largest market.
“Our order book stretches far into 2023 for all models,” the Rolls-Royce chief added. “We haven’t seen any slowdown in orders.”
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
For the economy, bad news is bad news againThis past Wednesday's action in the economy and markets was less than earth-shaking. But it tells us something important about how the intersection of the economic, political, and financial is changing in 2023.
Lire la suite »
Lunar New Year 2022: Austin Public Library rings in Year of the RabbitAustin Public Library's Terrazas Branch kicked off the Year of the Rabbit with a Lunar New Year celebration with a performance from The Love of China School of Dance, crafts, games, and learning opportunities.
Lire la suite »
Lunar New Year: A look at the year of the rabbit and lunar events this yearHere are the names for all the full moons in 2023
Lire la suite »
Why your tax refund this year could be lower than 2022'sDan Roccato, financial professor at the University of San Diego, talks about what tax filers can expect from their refunds this year.
Lire la suite »
2022 was slowest year for US home sales in nearly a decadeSales of previously occupied U.S. homes slumped nearly 18% in 2022, the slowest year for the housing market in nearly a decade.
Lire la suite »
2022 was slowest year for US home sales in nearly a decadeSales of previously occupied U.S. homes slumped nearly 18% in 2022, the slowest year for the housing market in nearly a decade. business us kprc2 click2houston
Lire la suite »