Tag: Philanthropy

Business AcquisitionEnergy Policy

Salesforce CEO Marc Benioff Reverses Position on National Guard Deployment Following Criticism

Salesforce CEO Marc Benioff has walked back his support for National Guard deployment in San Francisco following significant criticism from prominent business figures. The billionaire’s initial comments supporting President Trump’s approach to urban crime sparked immediate backlash, including the resignation of longtime Salesforce philanthropy board member Ron Conway.

Executive Backlash Prompts Public Apology

Salesforce CEO Marc Benioff has publicly reversed his position on deploying National Guard units in San Francisco after facing significant criticism from fellow business leaders and philanthropists. According to reports, the billionaire’s initial comments supporting such military deployment during his company’s Dreamforce conference sparked immediate backlash within his professional circle.

by Gabriel Novak
Business AcquisitionEconomy and Trading

Global Ultra-Wealth Hits $60 Trillion as Younger Generations Reshape Investment Strategies

The global population of ultra-high-net-worth individuals has reached over 510,000 people controlling nearly $60 trillion in combined assets. According to new data, younger generations are rapidly changing investment approaches, favoring technology, venture capital, and lifestyle assets over traditional holdings.

Global Wealth Concentration Reaches New Heights

The world’s wealthiest individuals now control approximately $60 trillion in combined assets, according to reports from Altrata’s World Ultra Wealth Report 2025. Sources indicate that 510,810 ultra-high-net-worth individuals (UHNWIs) – each with assets exceeding $30 million – collectively hold wealth equivalent to double the entire US GDP. This represents a significant concentration of global resources among a relatively small population segment.

by Gabriel Novak