While Artemis II searches for a way to return to the Moon, there are those who have already become millionaires selling lunar plots

There are sellers so skilled that they are capable of selling the Moon to anyone. It is not in a figurative sense. As NASA works to put astronauts back on the lunar surface with Artemis IIAmerican Dennis Hope has been building a fortune for more than forty years by putting a price on each hectare of the satellite and sending property titles by mail. And the most striking thing is that no one has stopped him from doing so. Hope came into this business in 1980, when she was going through a divorce and had her account in the red after more than a year of unemployment. As he related in an interview with Vice magazine, he thought he could make some money if he had some property, he looked out the window and it occurred to him that there would be a lot available on the Moon. What came next was not just a hunch: it was a million-dollar operation based on a very particular reading of international law. The legal vacuum that made it possible. His first step was to go to the library and look for the Outer Space Treaty 1967. What he found was a door ajar: the article 2 of that treaty establishes that the Moon and other celestial bodies are not subject to national appropriation by claim of sovereignty, use or occupation, or by any other means. The treaty placed limits on the appropriation of lunar territories to countries, but did not say anything explicit about the ownership of individuals. Hope submitted a formal claim of ownership over the Moon, the other eight planets and their moons to the United Nations, explaining his intention to parcel out those spaces and sell the properties to private buyers. In his letter he added that if they had any legal problem, they should let him know. Nobody answered him. So Hope interpreted this administrative silence as an absence of legal opposition, and from there he started his business. According to counted your son to ABCsix million people have already purchased land outside of Earth. An intergalactic business with luxury clientele. Since then, Hope has sold plots not only of the Moon, but also of Mars, Venus and Mercury. In an interview to the BBCHope claimed that he sold an average of 1,500 properties a day and explained that the way to choose the lots was by closing his eyes and pointing with his index finger at a point on the lunar map. “It’s not very scientific, but it’s fun,” he told the British media. It is estimated that he has earned about 12 million dollars with this business, which he claims is the only one he has had since 1995. Among his clients are former US presidents such as Ronald Reagan and Jimmy Carter, Hollywood stars and greats. hotel chains like Hilton and Marriott. The space race reopens the debate. What for decades seemed like a picturesque anecdote has returned to the debate table in light of the reactivation of space programs to the moon. Artemis II has become the first manned mission to leave Earth’s orbit since the Apollo program in 1972, and its objective is to prepare the ground for future missions to the lunar south pole and even Mars. The Outer Space Treaty prohibits the appropriation of territories on the Moon or other planets, but does not explicitly prohibit extracting their resources, which has generated a legal gray area that was revealed in the 2023 ratification of this treaty, which also covers Hope’s real estate business. For Kai-Uwe Schrogl, president of the International Space Law Institute, the situation is clear: “There are no legal loopholes. There are only willfully erroneous interpretations of the treaty,” declared to D.W.. Is the Moon for everyone? As and as he explained Juan Manuel de Faramiñán, emeritus professor at the University of Jaén and co-director of the AstroÁndalus Chair of aerospace and astronomical studies at National Geographicin 2020 NASA issued the Artemis Agreementsa document in which the US establishes a set of practical principles to guide cooperation in space exploration between nations. “It must be considered that the signatory States of the Artemis Agreements are not signatories of the Moon Agreement. I must say, and it is a personal opinion, that the Artemis Agreements have become a shortcut to avoid the idea of ​​the common heritage of humanity and open the spigot so that both States and companies can access the resources of the Moon in accordance with their own interests,” stated Faramiñán. Old treaties for a new space race. The current legal framework on the ownership of the Moon was born in the middle of the Cold War and was designed for a world of two superpowers. Today there are large private companies with the capacity to reach the Moon without support from the States, new state interests and the discovery of natural resources. like water ice detected on the lunar surface, which could be key for long-duration missions. He Moon Treaty of 1979which attempted to regulate the exploitation of these resources by establishing that they would be the common heritage of humanity, was never ratified by any of the current great space powers. The result is a system of rules designed for another century, with loopholes that have allowed an individual to sell lunar hectares for decades without legal consequences. Xataka | The “hidden” side of the Moon has been a mystery for decades: China already has a chemical map to shed light Image | POTPexels (Nicholas Thomas)

Millionaires are fleeing the Middle East. And their unexpected destination is a small Swiss canton called Zug.

In 2011, during the Arab Spring, several European private banks detected an unusual phenomenon: Within days, high-net-worth clients began transferring large sums from the Middle East into accounts in Switzerland without prior notice. It wasn’t the first time something like this happened, but it was one of the fastest. That left a clear lesson in the financial sector: when stability falters, money does not wait to understand what happens, it simply moves. War moves money. we have been counting. The war in the Middle East is not only altering military and energy balances, it is also causing a silent movement but massive capital. What were previously fiscal decisions or lifestyle They have become urgent security decisions, where the priority is no longer optimizing profits, but protecting assets. In this context, an idea begins to prevail: billionaires do not wait for the situation to get worse, they go aheadand that movement is redrawing the global map of wealth in real time. Dubai is no longer an unquestionable refuge. For years, Dubai was the natural destination for international fortunes seeking stability, tax benefits and a secure environment in a complex region. However, the conflict with Iran has introduced a variable that previously seemed controlled: the direct risk. That perception has been enough for activate discrete outputs but constant numbers of businessmen, executives and large assets who are now looking for more predictable alternatives outside the gulf. This is not a collapse, but a change in mentality: when security is no longer absolute, attractiveness quickly erodes. Aerial view of Zug And, suddenly, Zug. In this displacement, the place that is attracting attention is not a great global capital, but a small swiss canton of just 135,000 inhabitants: Zug. Traditionally known for its role in commodities trading and, more recently, in crypto ecosystemhas become the first destination that many of these capitals look to. Reasons? counted the financial times that both wealth managers and bankers agree that demand has grown significantly since the beginning of the conflict, to the point that for many clients the request is direct and automatic: move there. The call effect. This growing flow is having immediate consequences in an already limited market, especially when it comes to housing. Demand has rapidly outstripped supply, generating intense competition for any property available and lines even for modest rentals. Added to this are administrative barriers that make entry difficult, especially for those who do not belong to the European Union, forcing residence to be linked to employment, investment or specific tax agreements. Zug attractsbut it does not absorb without friction. Switzerland reinforces its role in the geopolitics of money. What is happening in Zug is not an isolated phenomenon, but rather part of a broader dynamic in which Switzerland consolidates again as a refuge in times of uncertainty. Its political stability, its legal framework and its financial tradition make it a almost automatic destiny when overall risk increases. In fact, other cantons like Lugano have begun to capture part of this growing demand, expanding the phenomenon and confirming that the movement has only just begun. A map of wealth that changes with each conflict. In short, the result is a progressive movement of money from risk areas to safe enclaves, where each crisis acts as a catalyst. The war in the Middle East is accelerating this process and leaving one conclusion abundantly clear: global fortunes are no longer driven only by opportunity, but for threats. And in that new balance, places so small and discreet like Zug They can become, almost without noise, the great beneficiaries of an increasingly unstable world. Image | Schulerst , IDF Spokesperson’s Unit, LohriPR In Xataka | The most buoyant market right now is selling streaming and satellite images of US movements to Iran. In Xataka | Commercial aviation is based on very old aircraft. The Iran war is going to make it even worse

The latest whim of millionaires is to build a luxury superyacht around a living tree

I will not deny that they die on me even plastic plants, but there are people who have a gift with plants. Others, however, are capable of buying a 73-meter superyacht built around a treely keep him alive as he crosses the seven seas with every luxury imaginable. He Virtuosity It is the second ship of the 74 Steel series from the Italian shipyard Sanlorenzo. Its construction and design took more than four years to materialize. For the first 18 months, the owner and the Sanlorenzo team held weekly calls before design even began. It’s not that there was any doubt: it’s that when someone decides that their new ship will revolve around a living tree, details matter and a lot. The tree that wanted to be a sailor The vegetal protagonist of Virtuosity It is a Ficus Nitida, also known as Indian laurel, planted on the main deck of a luxury superyacht with a modern and elegant design. It is worth noting that the tree in question was not added when the yacht was already built, but was selected before the first structural block of the ship was assembled, and the entire yacht was built around it. So that the plant receives sunlight in its lower parts, two side skylights were installed at ground level and its trunk rises across two decks to let its leaves breathe while looking out over the sea from one of its exterior decks. The tree occupies about 16 square meters in the center of the yacht’s main salon. The tree passes through two covers “With this yacht we decided to rethink the onboard architecture from its very foundations,” explained Tommaso Vincenzi, CEO of Sanlorenzo, to Superyatchtimes. “From the integration of living nature to the transformation of technical volumes into experiential environments, each decision is based on a clear architectural vision,” he added. Details that go beyond luxury As if having a five-meter-high tree on the deck might not be enough, the Virtuosity It also hides one more peculiarity below the waterline: an aquarium so big like the sea On the lower decks we find a 35 m2 wellness area. This room is located right on the waterline of the yacht, allowing guests to observe marine life directly from their seats through a large glass surface of the hull. Without a doubt a quite sophisticated way to see fish without even having to get wet. This wellness area also includes a hammam, sauna and massage room. The master suite of Virtuosity It occupies its own deck with 40 m2 and has a bed facing forward with a dressing room and bathroom while on the main deck there is a second VIP suite and two more cabins for guests. At the owner’s request, a reflecting pool was installed in front of that suite, designed so that the water reflects the sky and sunlight, far from the concept of a conventional pool. A cinema lounge aft and a sensory shower forward complete what the manufacturer describes as a private apartment within the ship itself. By day, the stern of the Virtuosity It functions as a relaxation area with direct access to the water and water toys. At night, and also at the express request of the owner, the beach club is transformed into a nightclub with a permanently installed DJ booth. That someone included a fixed nightclub on their list of requirements for a superyacht says a lot about how this owner understands the vacation at sea. This beach club has been redesigned and is 40% larger than that of the first 74 Steel delivered in 2025. In addition, a glass-bottom pool was installed on this deck that acts as a 28-square-meter skylight to illuminate the lower deck. The triple-height main deck features an exposed wine cellar and a spiral staircase in dark lacquered aluminum, as well as an elevator. A helipad and sports deck are located at the bow of the ship. With 73 meters in length and 13.1 meters in beam (width), the Virtuosity It can accommodate up to 12 guests in 6 cabins and a crew of up to 24 people. Its propulsion system is diesel-electric, with six 700 HP Volvo D13-700 engines and 425 ekW alternators, the same technical package as the first 74 Steel, the Silver Fox. With 180,000 liters of fuel on board, it reaches a range of 6,000 nautical miles at 11 knots and a maximum speed of 15 knots. Power and luxury for the only superyacht where you can boast of having taken a nap under the shade of a tree in the middle of the ocean. In Xataka | The Emir of Dubai bought a 500 million superyacht but discovered that it had a serious problem: there was no mobile coverage inside Image | Sanlorenzo

sending personalized Ferraris to millionaires in the Middle East

When the conflict between the United States, Israel and Iranthe Strait of Hormuz was closed to commercial traffic and the skies of the Persian Gulf They became a high-risk area. Freighters transporting luxury cars to Dubai, Riyadh or Doha encountered a Strait of Hormuz blocked and no alternative route plan. Any customer in that situation has little room for maneuver other than resigning themselves to waiting for their shipment like someone waiting for an Amazon courier, but a type of client who does not resign easily: he who has enough money to open your own delivery route. While hundreds of Lamborghinis, Bentleys and Ferraris were immobilized in intermediate ports due to the maritime blockade, their future owners found the most million-dollar solution possible: paying for “first class” flights so that their supercars They will arrive by plane. Cars blocked in the middle of the conflict. When the Strait of Hormuz was closed to commercial traffic, large cargo ships were unable to reach their destinations in Persian Gulf ports. One of the most striking cases was the one documented Reuters of a shipment with more than 500 cars that were blocked at sea. 50 of those cars They were luxury models of brands such as Rolls-Royce, Lamborghini and Ferrari and had to be provisionally unloaded at the port of Hambantota (Sri Lanka) pending resolution of their fate. The same problem affected Porsche and Audi, whose managers in the Volkswagen group they warned that the war would directly hit their sales in the region. OK to what was published by BloombergFerrari suspended shipments to the Persian Gulf for weeks. A wall between brands and millionaires. Faced with the blockade, each manufacturer adopted a different strategy, although they could not prevent some of the luxury cars that were already on the route from being trapped in nearby ports. Bentley chose to exhaust the inventory that dealers in the region already had to meet pre-conflict orders, avoiding shipments of new units. Ferrari, on the other hand, opted for a combination of longer and more complex alternative routes: more than 4,000 luxury vehicles bound for Dubai had to be diverted to Lamu Island port as an alternative entry point. Meanwhile, some millionaires impatient to drive the cars for which they have been waiting for no less than two years, did not want to wait a single minute longer and paid the extra cost of shipping with air transport to receive their cars as soon as possible. A decision that turned out to be more expensive than expected. The price of millionaire impatience. Air transport was already an import route that existed before the blockade of the Strait of Hormuz, but it tripled the cost of shipping. With the war blocking the only access route, that difference shot up to five times more. The average cost of transporting a kilogram of air cargo from Europe to the Middle East has increased by two-thirds since the start of the conflict, reaching $2.96 per kilogram of cargo. as he collected he Financial Times. Some routes recorded increases of up to 100% in rates, with an additional fuel surcharge of between 0.3 and 0.4 euros per kilo transported. Ian Arroyo, director of strategy at Freightos, a logistics information service, pointed out that there were only two options for assuming this price increase: “It all depends on whether manufacturers are reducing their own profit margin due to their relationship with the customer, or if the customer has offered to pay for the transportation on their own.” What is clear is that the final bill for the car was going to rise considerably. Money was not going to be a problem in this case. Ferrari does not lose a single order. In statements to Gulf NewsGiorgio Turri, Ferrari’s general director for the Middle East, assured that the brand had managed to overcome logistics problems without canceling any orders in the area. “We are not experiencing cancellations. (A Ferrari) is not a need, it is a dream. You don’t make decisions based on the mood of the day. Dreams are never a short-term decision.” The data proves him right. Between 30 and 40% of the Italian brand’s new supercar deliveries in the region go to customers who have never owned a Ferrari before. The Middle East is not the largest market in the world in unit volume, but it is one of the most profitable for the “Il Cavallino” brand. Customization and accessories account for a fifth of Ferrari’s revenue, and the region’s wealthy customers don’t just buy the car: they turn it into a unique piece doubling the car bill with customizations . To understand the dimension of the business that was at stake, it is enough to know a fact that Turri pointed out, “our clients in the Middle East are between five and seven years old. younger than the world average.” That for Ferrari is not a simple anecdote, it is decades of guaranteed sales if customers are satisfied, whether there is war or not. In Xataka | In Dubai they don’t know what to do with so many abandoned luxury supercars: the less shiny side of getting rich Image | freepik

The massive flight of investors and millionaires suggests that he has achieved it

For years, Dubai has been the promised land for millionaires from all over the planet who saw the United Arab Emirates as a idyllic place to live without paying taxes. The Iranian attacks with missiles and drones on different infrastructures in Dubai in recent weeks have changed that perception and the financial elite, especially Asian millionaires, are putting their feet (and fortunes) on the run. The city that seduced more than 81,000 millionaires Since 2014, it is now facing an unprecedented flight of capital and talent. The prestige that took decades to build is being tested in a matter of days. ​Explosions in the heart of the city. The last few weeks have left us images that few would have imagined in February. The Fairmont The Palm hotel, located in one of the artificial islands off the coast of Dubai, was hit for an explosion. Days later the remains of an Iranian drone demolished set fire to the iconic Burj Al Arab, the international airport has suffered damage from drone attacks and the american consulate has been the target of another drone attack. The city that boasted of being the safest in the world, in a matter of weeks, has become a scene of war. “The US-Israel war against Iran is undermining that crucial sense of security in Dubai. Dubai’s economic model relies on expatriate residents providing talent, muscle and investment capital. Stability and security are needed to attract skilled foreigners.”, assured to CNBC Jim Krane, researcher at the Baker Institute at Rice University. ​Asian money in retreat. However, the most visible impact is being felt among Asian investors, who had become one of the pillars of Dubai’s financial growth. According to data by Henley & Partners, Dubai is currently home to 237 centimillionaires (people with wealth of $100 million or more) and at least 20 billionaires Asia accounted for 47% of all multinational companies attracted to Dubai International Chamber in 2025, and around a quarter of the more than 2,270 foundations created in the Emirates have Asian ownership, according to data from the consulting firm BSA Law. Bloomberg published that the United Arab Emirates had attracted some 700 billion dollars from millionaires around the world, especially Asians. Singapore and Hong Kong, new chosen destinations. Grace Tang, CEO of Phillip Private Equity, pointed out to Reuters that between 10 and 20 of their customers, mostly Asian, are asking about how transfer your assets to Singapore to protect the value of its assets. Hong Kong also emerges as an alternative. For his part, Felix Lai, from the consulting firm JMS Group, counted to Bloomberg who had organized a private jet flight to transport 15 clients from Oman to Hong Kong at a cost of approximately $300,000. “They didn’t even care about the price,” Lai explained. “They just wanted to leave.” An advisor in Singapore who declined to be identified added that more than half of his 13 clients in the Emirates are seriously considering moving their assets: “Flying back and forth will be complicated even if the conflict ends tomorrow. It’s about trust.” Dubai’s economic model faces its biggest test. Dubai does not depend as directly on the oil industry as its neighbors, but its economy is based on its ability to attract expatriates, your investments and his talent. At the beginning of the year, the Dubai International Finance Center housed 1,289 entities linked to family offices (61% more than the previous year), and the 120 main families in the center jointly managed more than 1.2 billion dollars, according to CNBC. Although stock markets around the world have felt the earthquake resulting from the attacks in an area of ​​strategic resources for trade and energy, the impact of the conflict with Iran has been much more severe and direct for the Gulf markets. The Dubai Stock Exchange (DFM) has fallen more than 16.6% since the start of the war between the US and Israel against Iran. Fitch Ratings had already predicted before the war a real estate correction of up to 15% in 2025 and 2026. Everything indicates that they have fallen short the worst estimates of the financial consequences. Passing panic or structural change? Not all actors in the sector believe that this will lead to a permanent mass flight. Dhruba Jyoti Sengupta, CEO of Wrise Private Middle East in Dubai, pointed out to Reuters that his firm had not observed “serious conversations about capital flight” as its clients remain confident in the country’s long-term resilience. ​Nirbhay Handa, CEO of migration agency for millionaires Multipolitanpointed in Bloomberg “If uncertainty lasts a few weeks, some companies may pause their expansion, but stability will likely return quickly to Dubai as the situation improves.” What does seem clear is that the city will have to rebuild something much more difficult to build than its skyscrapers for millionaires: trust of those who chose it as a home for their money. In Xataka | A company wants to build a €4 billion megacasino in Dubai. The problem is that Dubai prohibits gambling Image | Unsplash (Wael Hneini)

opening private clubs for Spanish millionaires

Madrid boasts of being a welcoming city for people from all over the world. That hospitality and its fiscal laxity with big capital have transformed the accent of some of the upper neighborhoods of the capital with the arrival of millionaires from all over Latin America. In fact, such has been the migration to the capital that some of the local millionaires have been displaced to other neighborhoods. As response to that massive arrivallocal millionaires have found a new way to socialize: select clubs for wealthy members, with five-figure entry fees and selection processes that are more reminiscent of a job interview than a place to socialize. Only in the last two years have they opened Forbes House, the Metrópolis Club in the iconic building on Gran Vía, the Vega Members Club and Soho House is about to arrive. Select and controversial club. Normally these spaces maintain a low profile and their openings do not appear in big headlines. However, the waiting list to enter some of them begins even before they open their doors. Remembering the scene from Brad Pitt in Fight Club: “The first rule of Fight Club is not to talk about Fight Club.” However, this silent phenomenon has made headlines after the statements by Tamara Falcó’s husband, by Íñigo Onieva collected by The World during the presentation of his club Vega Members Club. “We don’t want this to become the Latin American club either. We want there to be a balance between the local and international community,” Onieva said during the event. The comment seems to have not been well received by the Latin American millionaires living in the city, and has become an issue with economic, social and even political implications. The Latin response was immediate. As published The CountryOnieva’s statements quickly circulated among the richest and most influential Latin personalities in Madrid, generating surprise and indignation. Sergio Contreras, a Venezuelan political refugee in Madrid, goes further by reminding the managers of those clubs that some of those Spanish fortunes were made thanks to the fact that they emigrated at the time to countries like Venezuela. “There is a racist discourse that I am beginning to notice: first it was said that we took away their jobs in the real estate sector. Now, it turns out that we also steal their leisure and their apartments,” he complains. Manuel Campos Guallar, partner and co-owner of Vega, came forward to emphasize that different generations mix in these clubs, nationalities and professional profiles. For his part, the director of Forbes House, Andrés Rodríguez, was more direct: “We meet in the restaurants in Madrid, we meet in the stores, but we still don’t know each other very well nor are we doing much business,” he declared to the same medium. For Rodríguez, precisely connecting the Latin American community with the Spanish one is one of the missions of his project. Entering costs money, but above all contacts. Beyond the controversy raised by the right of admission by nationality, the new private clubs that have proliferated in Madrid are not exactly cheap, but money will not give you the key to enter either. Entering Forbes House or Vega does not depend only on being able to pay: there are interviews, filters and the mandatory recommendation of at least two current partners or the express invitation of the founders. Entry fees to these exclusive spaces are usually between 10,000 and 15,000 euros, to which must be added an annual fee that can exceed 2,000 euros. In the specific case de Vega, the founding members contributed 15,000 euros each and the annual fee is 2,400 euros and 1,500 for those under 35 years of age. The model was not born here, but it has found its moment here. Madrid has not invented this type of exclusive access clubs for select members. New York has been living for years The New York Times christening as “member-only mania“. A survey GGA Partners’ 2023 report reveals that 63% of clubs reported an increase in membership from 2022. Remote working created a class of well-paid executives hungry for a social life, and empty buildings after the pandemic provided the infrastructure necessary to satisfy it. London has been at this longer. The historian Seth Alexander Thévoz documents in his book ‘London, Clubland‘ a total of 133 active private clubs in the city, of which 78 are after 1985 and most of the newer ones have opened after 2015 or even 2022. Madrid is following that same path, with a small nuance: here the tension between the local and the international has given the phenomenon a charge that goes far beyond the economic filter to elect the wealthiest members of the city. The passport can also affect your income as a member. The business behind the phenomenon. Beyond the social nature of creating a space where millionaires from the capital can interact among equals, the proliferation of private clubs in Madrid is not a passing fad or a whim of four rich people: it responds to a structural transformation of the city. According to the latest report From Barnes City, the Community of Madrid leads foreign direct investment in Spain, concentrating close to 70% of the national total, with more than 24,000 million euros, and in 2026 it will repeat as the most attractive city for high net worth. That concentration of wealth It directly feeds the demand for exclusive leisure spaces for those ultra-rich clients. The business model of these private clubs for the rich is not new, but its scale is. He Club Matadorone of the oldest of this new cycle, has around 2,500 members and an approximate turnover of six million euros per year, with an annual membership of 1,720 euros. He New Clubof nineteenth-century essence and founded in 1856, has a maximum of 500 members, a permanent waiting list and a monthly fee of approximately 1,500 euros. The death of a partner is usually the only way of access for a new partner, … Read more

Someone is so concerned about the exodus of millionaires from California to Miami that they have even organized a demonstration

Silicon Valley is packing its bags at the simple proposal of a new tax that would tax the fortunes of more than a billion dollars. In fact, some millionaires have already taken flight and bought one (or several) mansions in Miami to avoid having to pay for it. Does anyone care so much about this? exodus of millionaires who has even taken the initiative to defend them amid fears that they will abandon California to avoid high taxes. Even has called for demonstrations on the streets of San Francisco. To no one’s surprise, the press who went to cover the event and those who went to mock the demonstration outnumbered those who demonstrated. Doesn’t anyone think about millionaires? Derik Kauffman, a young 26-year-old founder of the AI startup RunRL and fresh out of the Y Combinator project incubator, an entity that was chaired by Sam Altman between 2015 and 2019, he has been the driving force behind the movement “March for Billionaires“. According to collect the local media San Francisco ExaminerKauffman pushed the event to oppose California’s proposed wealth tax and change public perceptions of the wealthy. The young man admitted that he was not aware of any billionaires intending to attend the demonstration defending their interests, but he wanted to show the contribution of great fortunes to the local economy. Rumors of a tax that have caused a storm. Kauffman’s initiative arose in response to the union’s proposal SEIU United Healthcare Workers West to create a 5% tax on fortunes over $1 billion, excluding real estate and pensions. According to the union, this measure would affect about 200 Californian residents and would raise about 100,000 million in the next five years. The proceeds would go to offset the Trump administration’s cuts in education, healthcare and social assistance. The tax would be applied retroactively to those who lived in the state in 2026, but for the initiative to be considered in a November 2026 vote it needs the support of 875,000 signatures. In fact, the initiative does not even have the support of California Governor Gavin Newsom, who is strongly opposed to the tax and work to block it. The march in San Francisco. The demonstration in support of the millionaires took place through some streets of San Francisco, and had “a few dozen” attendees, surpassed by journalists and curious onlookers who came to see the demonstration with their own eyes. As expected, neither Jeff Bezos nor Mark Zuckerberg attended the meeting. In fact, it is not strange. A Harris Poll points out that 74% of Americans consider millionaires to be overrated and 76% believe that they benefit from a poor system. OK to what was published by The Wall Street Journalthe march was led by a banner that read: “Billionaires Build Prosperity: Keep Them in California!” Behind her, just about twenty protesters held banners supporting the millionaires. In front of them they found a group of curious people who had also come to express their ideas and to verify that the march was not a joke. One of them held a sign that read: “I am poor and I am proud.” Reactions of millionaires. Other billionaires living in San Francisco, such as Jensen Huang, CEO of Nvidia, They distanced themselves from the protest and they have agreed to the tax. Huang stated that “we choose to live in Silicon Valley, and whatever taxes they want to apply, so be it. I’m perfectly fine with that.” Other technology leaders have not made public statements, and have simply headed to Florida without giving further explanations. a few weeks ago the founders of Google did it. A few days later, Mark Zuckerberg did itwho after two decades in San Francisco, will change his zip code to that of Billionaire Bunker. However, what the millionaires have started is a lobbying campaign with million-dollar donations so that the measure does not prosper, according to information of Bloomberg. In Xataka | Countries are trying to prevent the accumulation of wealth of technological millionaires. Ancient Rome tried it too Image | March for Billionaires

Countries are trying to prevent the accumulation of wealth of technological millionaires. Ancient Rome tried it too

The concentration of wealth in a few hands that we see today in technological billionaires is not a new phenomenon. More than two thousand years ago, the Ancient Rome faced exactly the same dilemma that worries today to governments around the world: a few rich people accumulated land and resources, while the majority of citizens became impoverished to the point of bordering on misery. A young politician named Tiberius Sempronius Graceither He thought he found a solution to redistribute the wealth accumulated by the Roman patricians: his idea cost him his life. In the middle of the second century BC, after destroying Carthage and Corinth, Rome had become the dominant power of the Mediterranean. However, this expansion it didn’t make everyone rich equally. For the humblest Roman peasants, it brought a devastating social crisis. The small landowners, who for centuries had cultivated their lands and served in the Roman legions, were displaced by large estates exploited with slave labor brought from the new conquered territories. The long military campaigns had prevented the soldiers peasants return in time to harvest their lands, which affected the economies of their families. Furthermore, upon their return they discovered that their lands had been expropriated by millionaire aristocrats from Rome. Tiberius Sempronius Gracchusgrandson of Scipio Africanus, the general that defeated to the Carthaginian Hannibaland heir to one of the most powerful families in Rome, was guaranteed a brilliant political future. However, in the year 133 BC, being elected tribune of the plebs, he decided to propose an agrarian reform with which he attempted to redistribute the enormous fortunes that Roman landowners had accumulated. Something similar to what is trying to make California and other countries all over the world. Tiberius Sempronius Gracchus With this measure, Gracchus was directly confronting his own people since he himself came from a wealthy family. Its law established that no citizen could own more than 500 iugera (about 125 hectares) of public land, the so-called ager publicus. The plots that exceed that limit will be expropriated and handed over to landless peasants. A measure that, de facto, ended with the large estates in the hands of the richest romans. The objective of the measure was twofold: to restore economic solvency to the Roman people and to ensure that Rome had enough citizens with assets to nourish its legions, since only the owners They could serve as soldiers. Making friends among the richest According to the ancient sources of Plutarch, written between the years 96 AD and 117 AD, Tiberius did not seek to start a revolution against the rich, but to restore old republican laws that had fallen into disuse. To defend his reform, Tiberius gave speeches in front of the impoverished people of Rome. In one of his most famous, which was collected by Plutarchthe young tribune declared: “Their generals deceive them when, in battle, they encourage them to fight for the temples of their gods and for the tombs of their fathers. This is because, of a large number of Romans, not one has his own domestic altar or family tomb. They fight and die to feed the opulence and luxury of others, and, when they claim to be masters of the entire world, they do not even own a piece of land.” The Senate, dominated by large landowners, tried to block the reform by all means. They persuaded another tribune named Octavius ​​to veto the proposal, but Tiberius responded with a bold and unprecedented maneuver: he called for the assembly to remove Octavius ​​from office for acting against the interests of the people. The reform was finally approved and applied by distributing the large estates of the landowners among the Roman peasants. However, when Tiberius attempted to run for a second term as tribune, a practice then considered contrary to Roman tradition, the aristocracy decided he had gone too far. According to the historical documentationduring the elections in the Capitol, a group of senators led by the maximum pontiff Scipio Násica, a relative of Tiberius himself, burst in with a group of followers armed with clubs and with the legs of chairs torn from the Curia. In the sacred place, where swords were not allowed, They beat Tiberius to death and about 300 of his followers. His body was thrown into the Tiber River without allowing his family to bury him. Death of Tiberius Gracchus Ten years later, in 123 BC, Tiberius’ brother, Gaius Sempronius Gracchustook up the cause started by his brother with an even more ambitious program. Caius approved the Lex Frumentariawhich forced the State to distribute wheat among the plebs at prices below the market, laying the foundations of the food subsidy system that would last for centuries. He also proposed extending Roman citizenship to the Italic peoples who fought in Rome’s wars but did not enjoy its benefits. The Senate used populist tactics, warning that Italian foreigners would reduce aid to Roman citizens, and when Caius lost popular supportwas pursued to the Aventine Hill near Rome, where he ordered his faithful slave Philocrates to assassinate him. Nearly 3,000 of his supporters died with him. The legacy that survived violence Although the Senate murdered both brothers, it could not erase their legacy. The reforms that the Gracchi had proposed would finally be implemented decades later by order of Julius Caesar, who had a powerful army that protected him from suffering the same fate. The historians Plutarch and Appian left record of what happened with the Gracchus brothers centuries later, both agreed to portray Tiberius as a politician with solid ideas who looked to Rome’s past to find solutions to the problems suffered by his people. Paradoxically, although the story of the Gracchus brothers happened more than 2,000 years ago, we could find very similar references today with just a quick glance at the news. In Xataka | Mark Zuckerberg is going to change the California sun for Miami. You have 11 billion reasons to do it. Image | Wikimedia Commons (Lodovico Pogliaghi, Guillaume … Read more

They became millionaires searching for dinosaur feces

Finding gold, diamonds or oil has been the origin of many of the greatest fortunes in history. A stroke of luck or investing in excavations in the right area and at the right time were the key to amassing an enormous fortune. However, sometimes that fortune comes with much less “glamorous” finds. In the United Kingdom at the beginning of the 19th century, coming across the remains of a dinosaur was very striking. But encounter his feces could become a lucrative business made many millionaires lucky. There’s a new gold: dinosaur dung At the beginning of the 19th century, the famous fossil hunter Mary Anning He came across some strange dark and irregularly shaped nodules on the coast of Dorset, a county in the south of England. The paleontologist studied these strange fossilized remains and discovered that they were full of fish scales and small fragmented bones trapped in their structure. That intrigued experts who began studying them in more detail. In 1829, the geologist William Buckland examined them and determined that these remains were fossilized feces of ichthyosaurs and called them coprolites, kopros (dung in Greek) and lithos (stone). These fossils from the Lower Cretaceous (110 million years ago) were preserved in soft, phosphate-rich seabeds. As the writer Martin Sayers highlighted in an article in History Extraalthough they looked like common rocks, their high mineral content triggered a unexpected “gold rush” to find them. in 1845 John Stevens Henslowa Cambridge professor, revealed that these curious fossils not only had a paleontological interestbut they also contained up to 40% phosphoric acid that they had absorbed from the clay soil, and it was perfect for compost after grinding it and treating it with sulfuric acid. William Buckland analyzed coprolites After the Napoleonic Wars, the United Kingdom, like the rest of Europe, suffered a pressing shortage of food, so the fertilizer use that increased crop productivity skyrocketed. In this context, finding raw materials to manufacture these fertilizers became a lucrative business. That is where the depositions that the dinosaurs were dispersing throughout what is now southwestern England come into play. Coprolite fever According to Sayers’ account, in 1858, Robert Walton leased land in Cambridge for £200 per acre per year, which was in itself a small fortune. His intention was to create one of the first open air mines to extract in an industrialized way the numerous coprolites that had been found in the area. The starting signal was given for a business that made many seekers millionaires. Coprolite mine in Trumpington (Cambridge) According the studies At St Mary’s Twickenham University in London, thousands of miners flocked to the area and deep shafts were dug to extract the coveted dinosaur droppings. With its extraction not only did the businessman earn a lot of money, he also paid very juicy salaries. A miner earned 10 shillings a day washing and sorting coprolites, twice as much as a farmer. This caused all agricultural activity in the area to become mining, industrializing the southern part of the United Kingdom. The demand for labor was such that workers and coprolite seekers began to arrive from all corners of the country, making the “coprolite fever“. Fossilized dinosaur poop fetched £3 a ton, and a mine like the one Walton had created produced around 300 tonnes of coprolite. That is to say, if you had enough money to pay the rent for the land and the labor, the profitability of the extraction could make you earn a lot of money. This unleashed madness in Cambridgeshire, Suffolk and Bedfordshire. From 1850, local and foreign miners flooded the county, excavating areas of southern England like burwellReach or Coldham’s Common with simple methods: dig holes 6 to 10 meters deep and scoop out clay with buckets or carts to filter its contents and find the valuable coprolites. According to the historical recordslocal production reached 90% of British phosphate, some 54,000 tons annually in 1877, valued at more than £150,000 a year. The data points Because, in 1874, the dinosaur dung industry contributed around 628,000 pounds annually to the British economy, exceeding by more than 20,000 pounds the contribution made by materials such as tin, which in those years was a key product in United Kingdom exports. The risk of extraction was very high because the clay terrain made the excavations prone to collapses, burying the workers, and diseases from contaminated water plagued the camps of coprolite seekers. Even so, the fever lasted decades and was revived during World War I, driven by demand for phosphorus to make ammunition for the army. However, once declared the armistice in 1918the coprolite mines in the United Kingdom were sealed again and all the product was imported from the US, where the coprolites were closer to the surface and their extraction was much simpler and cheaper. In Xataka | Seven of the ten largest fortunes in the world in 2026 are due to AI: this illustrative graph makes it very clear Image | Unsplash (David Valentine), Wikimedia Commons (United States Geological Survey, Diego Delso, National Portrait Gallery), Cambridgeshire Collections

There is brutal competition to guard the fortunes of the planet’s millionaires. The same guy as always is winning: Switzerland

The ultra-rich around the world move their millions of dollars in search of the place safer for your fortunes. In recent years, countries in the Middle East and Southeast Asia they have stepped on the accelerator as a destination for the greatest fortunes in the world. However, amid the latest geopolitical tensions, a report from the consulting firm Boston Consulting Group reveals a disturbing fact: Asian millionaires are turning their gaze to the old and reliable Switzerland to protect your wealth. According what was published for him Financial Timesmany Asian millionaires are diversifying the refuge for their assets and, instead of keeping them in their place of residence in Hong Kong, Dubai and Singapore, they prefer to deposit part of their fortune in Swiss banks. Switzerland remains the world’s safe deposit box. According to the report Global Wealth Report 2025 Prepared by Boston Consulting Group, Switzerland managed $2.74 trillion in assets in 2024, which maintains it as the main offshore wealth center in the world. Very close to Switzerland’s management figures are important economic enclaves in Asia such as Hong Kong (which managed 2.65 trillion dollars) and Singapore (with 1.92 trillion dollars in the same year). The study estimates that, by 2029, these three destinations will concentrate almost two thirds of the new cross-border wealth. Boom of the rich in Asia. The study recognizes the enormous growth of Asian and Middle Eastern wealth centers, which have recorded a growth 50% since 2014. However, many of these funds end up in Switzerland, registering a increase in wealth cross-border savings held in the coffers of Swiss banks of 8.7% in 2024, up from 6.3% annually recorded in 2023. That is, although Asia has become a fertile ground for generating wealth, millionaires continue to see Switzerland as a safer place to store it. Geopolitical concerns. One of the main reasons for this behavior of the great fortunes settled in Asia are the political and geopolitical decisions that increase economic uncertainty. An example cited in the report points out that events such as the implementation of the national security law in Hong Kong in 2019 or the Russian invasion of Ukraine in 2022, raised questions about the security of assets in Asia. “Private banking focuses on diversifying geopolitical risk: clients are always looking for safe havens,” declared to Financial Times Giorgio Pradelli, CEO of the Swiss private bank EFG. “Clients increasingly began to feel that, geopolitically, the situation was less predictable and therefore it was important to have assets in different jurisdictions,” says Christian Cappelli, head of Julius Baer’s Asia office in Zurich. Financial Times. That is, they were betting on sending part of their fortune to Switzerland to protect themselves against economic blockades, political changes or war conflicts. London is no longer a refuge. On the other hand, the tax changes that the United Kingdom has implemented have caused London to lose much of your interest for millionaires Asians, putting Zurich back on the map. According to Christian Frie, head of the Asia-Pacific business in Switzerland for LGT Private Banking, the majority of Asian clients managed by his banking entity allocate between 10% and 15% of their assets outside their countries, mainly to Switzerlandaccording to the report The Global Entrepreneurial Wealth Report 2025 prepared by UBS. In Xataka | The rich neighborhoods of Madrid and Barcelona have changed their accent: millionaires from the US and Mexico invest their fortunes in Spain Image | Pexels (Peter Steiner), Unsplash (Chi Lok TSANG)

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