Billionaires

Exclusive: Bill Gates regrets meeting with Jeffrey Epstein

Photo: John van Hasselt/Corbis via Getty Images

Bill Gates, who donated $2 million to the MIT Media Lab at the request of pedophile Jeffrey Epstein, told Axios on Monday: "I wish I hadn't met with him."

The big picture: The donation was made in 2014, after Epstein pleaded guilty in 2008 to two state charges of soliciting a minor for prostitution. MIT Media Lab director Joi Ito resigned Sept. 7 after the extent of his involvement with Epstein was revealed.

Billionaires are buying up America's ranches

A Montana Ranch near Yellowstone National Park
Photo: Ed Freeman/Getty Images

American billionaires are buying large ranches across Wyoming, Montana and Texas, creating a new class of luxury assets, writes Bloomberg.

Why it matters: The wealthy are often buying the land from "asset-rich, cash poor" small farmers whose families have owned the land for decades. The purchases put money in the farmers' pockets as many struggle with tough times, but are shifting the structure of land ownership in the American West.