A minimum tax on billionaires could raise up to $250 billion a year, report says

Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. A global minimum tax on billionaires raising up to $250 billion annually is “technically feasible” and could be successfully enforced even if it were not adopted by every country, a report commissioned by the G20 … Read more

Billionaires Mittal and Ambani are taking on Musk in India’s internet space race

Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. India’s largest telecom companies, led by rival billionaires Mukesh Ambani and Sunil Bharti Mittal, are poised to launch satellite internet services as they challenge Elon Musk’s efforts to establish Starlink in the country. Bharti Airtel’s … Read more

Bridgewater founder Ray Dalio joins billionaires buying up ‘retail properties’ in Singapore

Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. The family office of Bridgewater Associates founder Ray Dalio has bought two multimillion-dollar “retail properties” in Singapore, as billionaires snap up heritage properties in the city-state. The Dalio Family Office, which announced its move to … Read more