Orbán’s oligarchs on edge as Hungary poised to launch wealth tax

New PM Péter Magyar calls policy a sign of ‘social justice’ after years of political loyalty being rewarded with economic opportunity

The Guardian

Orbán’s oligarchs on edge as Hungary poised to launch wealth tax
By Juliette Garside

New PM Péter Magyar calls policy a sign of ‘social justice’ after years of political loyalty being rewarded with economic opportunity

https://www.theguardian.com/world/2026/jun/02/orban-oligarchs-on-edge-hungary-wealth-tax-peter-magyar

#Hungary #Taxandspending #Thesuperrich #Business #Europe #Worldnews #Economicpolicy #Economics #ViktorOrbn #PterMagyar #JulietteGarside

Orbán’s oligarchs on edge as Hungary poised to launch wealth tax

New PM Péter Magyar calls policy a sign of ‘social justice’ after years of political loyalty being rewarded with economic opportunity

The Guardian
Gateway cofounder detailed his romantic relationship with Ghislaine Maxwell in House testimony

Transcripts reveal billionaire Ted Waitt’s relationship with Epstein accomplice and $7.2m breakup payout

The Guardian
Three-quarters of UK millionaires would be happy to pay more tax, research finds

Despite concerns super-rich are leaving due to tax burdens, 88% of those surveyed were proud to live in UK and would pay more to fund public services

The Guardian
Pity the poor billionaires – demands for higher taxes must feel hurtful

No wonder they are upset by the slogan ‘tax the rich’. Despite their wealth increasing 81% since 2020, they need our emotional support now more than ever, writes Arwa Mahdawi

The Guardian
New York real estate titan likens the phrase ‘tax the rich’ to racial slurs

Steve Roth was responding to the announcement by New York’s mayor of tax on second homes worth more than $5m

The Guardian
Russian oligarch’s superyacht allowed through strait of Hormuz, source says

Billionaire Alexei Mordashov’s vessel, Nord, reportedly able to cross blockaded strait with US and Iranian approval

The Guardian
Behold the riches to riches tale of Lauren Sánchez – the girlboss Cinderella who bought the ball | Marina Hyde https://www.theguardian.com/commentisfree/2026/apr/24/jeff-bezos-lauren-sanchez-paris-venice-new-york-met-gala #JeffBezos #MetGala #TheSuperrich #SiliconValley #Fashion
Behold the riches to riches tale of Lauren Sánchez – the girlboss Cinderella who bought the ball

She’s already taken Paris and Venice – now, with husband Jeff Bezos, she’s stormed New York’s Met Gala. And for a mere $75,000, you can be there with her, says Guardian columnist Marina Hyde

The Guardian
Number of billionaires globally could reach 4,000 in next five years

There are now 3,110 billionaires but analysis shows ‘deep structural acceleration’ in wealth creation around world

The Guardian
‘Italy has the best benefits’: Milan takes on Dubai as home for the super-rich

With the UAE under fire from Iranian missiles, wealthy investors are turning to Italy’s flat-tax haven

The Guardian