(Jun 23, 2023)

On both sides of the Atlantic, the Patriotic Millionaires are notable for being unusually public and unusually frank—US chair Morris Pearl, a former MD at investment firm BlackRock, has described how the Covid-19 pandemic made him personally wealthier, and how he doesn’t check his bank balance because he doesn’t need to. (…)

The richest 1 percent of Brits hold more wealth than the poorest 70 percent combined. “I see it as a problem if you’ve got so much money that you no longer need a functioning society,” she says.