How The Children Of Billionaires Took Over America

Eroded estate taxes and dynastic ownership structures are concentrating American corporate and media power in billionaires' heirs, not founders.

• Paramount-WBD deal: David Ellison, son of Oracle founder Larry Ellison, closed a $111 billion acquisition of Warner Bros Discovery after 13 months of bidding, gaining CBS News, HBO, CNN, DC and Harry Potter franchises.
• Funded by dad: Larry Ellison gave David over $50 billion, bankrolling flops like Flyboys (grossed <$20M on a $60M budget) before the WBD purchase.

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