Jeff Bezos to pay $5bn under wealth tax? In a bid to accelerate wealth gap.

KEYPOINTS • Jeff Bezos would owe $5.7 billion in taxes for 2020 under the Ultra-Millionaire Tax Act proposed by a group of Senate and House Democrats and independent Sen. Bernie Sanders on Monday. • The tax would be a 2% annual levy on wealth over $50 million and 3% on wealth over $1 billion. • Elon Musk would owe $4.6 billion in 2020 and would still have a fortune of over $148 billion at the end of the year. • Bill Gates would have to pay $3.6 billion for 2020,…

Top five Nigerian billionaires, Dangote maintains leading position.

The combined wealth of Nigeria’s five richest men – $29.9 billion – could end extreme poverty in Nigeria according to a new report published by Oxfam.Dangote still leads the Africa’s billionaire pack, according to Forbes 2021 Africa’s billionaires’ ranking