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,…

Elon Musk to be blamed for fall in all Cryptos?, Losses $15.2 billion in a day.

Tesla CEO Elon Musk has yet again slipped to the number two spot on Bloomberg’s list of the world’s richest person. Musk’s net worth reduced by a whopping $15.2 billion in a day after Tesla shares slid 8.6% on Monday. E-tailer Amazon’s founder Jeff Bezos has once again topped the Bloomberg Billionaires Index. Bezos has $186 billion in wealth as against Musk’s $183 billion fortune.