The global elite is egregiously rich and corrupt — and you’re paying for it
Deep down, everyone has always known that the wealthy and powerful hide away vast quantities of often ill-gained money in far-flung tax havens. In recent years though, with the Panama and Paradise Papers, the public has had chances to see how the clandestine industry that helps the elites do so operates. Another such opportunity has come knocking with what is being called the biggest leak of offshore data in history. The Pandora Papers consist of almost 12 million files that lay out the secret financial affairs of almost three dozen world leaders and hundreds of high-level public officials from more than 90 countries. The details make for sensational headlines: the king of Jordan has a hidden $100 million real estate empire (including a seven-bedroom mansion in Malibu!
