Truth behind the Bezos lavish Venice wedding
In an arts centre slash club in Venice's least touristy neighbourhood they gather.
A high school teacher. A receptionist from a small hotel. A university researcher. They are here for one reason – to tell one of the richest men in the world where he can shove his superyacht.
In a matter of weeks the grassroots No Space For Bezos campaign, spearheaded by everyday locals, has become a global story and the wedding this weekend of Jeff Bezos and Lauren Sanchez has become a tipping point.
The brewing public anger and antipathy towards tech billionaires has truly boiled over and they have become the bad guys of 2025.
It's not just about Bezos but also Elon Musk, Mark Zuckerberg and Silicon Valley's 0.0001 per cent of the one per cent with their competing rockets that definitely aren't compensating for something.
Not that long ago these men were being hailed as visionaries and hoodie wearing prophets the subject of fawning Time covers but who are now some of the most publicly hated people on earth who don't have their nuclear stockpiles. (Yet.)
The techno-oligarchy? The Bezos wedding has crystallised the global turn against them.
In an increasingly polarised world where we are all segregated in our filter bubbles, there is, shock horror, a very clear trend in sentiment.
74 per cent of Americans disapprove of Zuckerberg and 67 per cent disapprove of Bezos, according to polling commissioned by the Tech Oversight Project this month.
Musk is disliked by 57 per cent of Americans, according to a survey from The Associated Press-NORC Centre for Public Affairs Research at around the same time.
Around the world, the campaigns against them is only growing.
In Marion in South Australia a proposal for a Tesla battery factory saw about 950 people going to the hassle of lodging submissions to try and block it.
Such was the vehemence, the Guardian reported, official records had to be redacted, with the paperwork including comments like 'Elon Musk and Tesla are a [redacted] on humanity', 'Elon Musk is a full blown [redacted],' and 'Elon Musk is a [redacted] human being and a [redacted]!'.
In London, for much of this year, real-looking ads began appearing at bus stops with slogans like 'ELON MUSK IS A BELLEND. Signed, the UK'.
They are the brainchild of a British group called Everybody Hates Elon that grew out of a 'ranty group chat' into such a force the New Yorker recently profiled them. In April, a private donor provided the group with a Tesla and invited the public to smash it. One hundred people turned up.
In New York, in April, the Washington Post reported on an 'anti-billionaire bash' that drew 50 people dressed up as Bezos, Zuckerberg and Sanchez to cheekily voice their antipathy towards this new class of men.
I'll keep going. Across the US, in states from California to Louisiana, to Nebraska, Utah and Texas more than 100,000 people got off their couches to support Senator Bernie Sanders and Congresswoman Alexandria Ocasio-Cortez's recent 'Fight Oligarchy' tour.
Hollywood has picked up the anti-tech billionaire theme and is running with it.
One the buzziest movies of the moment is Succession creator Jesse Armstrong's Mountainhead about four tech bros who gather at a remote Utah mansion while an algorithm one of them created triggers global violence and apocalyptic danger.
Even the new Toy Story is joining in, with the baddie of the fifth movie, set to be big tech in the form of a tablet called Lillypad.
What has changed is that Bezos et al are longer seen as, or at least just, bright thinkers giving us exciting new digital toys, but men defined by naked grasping for more sticky billions and unmitigated, unchecked self-entitlement.
Zuckerberg, a man who reportedly used to shout 'domination' at the end of staff meetings, was recently photographed landing in a helicopter on his superyacht and does interviews wearing a $1.3 million watch.
Musk has 14 children and had a go at dismantling Washington because it took his political liking.
Fundamentally, they treat the world and the people in it like their playthings.
Bezos wanted to stage what sounds like a little, wee coup of Venice so he could celebrate his second marriage.
Musk dumped nearly $440 million into Donald Trump's campaign and, many believe, swung the election in the favour of a man with 34 felony convictions and who was found by a New York court in 2022 of having sexually abused writer E. Jean Carroll in the 90s.
In 2018, Facebook admitted the platform had been used to incite violence in Myanmar. The year before, the country's military unleashed a sweeping campaign of massacres, rape, and arson, according to Human Rights Watch.
Zuckerberg, Bezos, Musk and countless other billionaires zip around the planet in carbon emission spewing private jets and have homes, boats, choppers and transport fleets that have to be counted by the dozen.
Basically, they come across as people with absolutely zero regard for what their actions, business and choices might be doing to lesser mortals.
They act like demi-deities.
Now it feels like all of this has boiled over in Venice. It turns out that even hundreds of billions of dollars and your own space force can't guarantee you the wedding of your dreams.
This week, Everyone Hates Elon joined in on the action, banding together with Greenpeace to take over Venice's famed San Marco square with an enormous banner reading 'If you can rent Venice for your wedding, you can pay more tax'.
At the time of writing, the anti-Bezos movement appears to be winning. In a matter of weeks the group of everyday Venetians have forced a man with more money than Midas armed with a tungsten Amex to, at the 11th hour, rip up his plans and move the reception to a far less historic backup venue.
(Think more concrete by the cubic tonne and less Cannaregio-ish.)
This weekend the Bezos-Sanchezes will be forced to toast one another in a building in the city's Arsenale area, full of warehouses, and not the majestic 16th-century Scuola Grande della Misericordia after protesters threatened to block canal access with hundreds of inflatable crocodiles.
'Obscene wealth,' Marta Sottoriva, a 34-year-old Venetian protester told the Guardian, should not 'allow a man to rent a city for three days'.
And 'obscene' is exactly the word. This wedding, by some accounts, will cost $71 million. Sanchez will have 27 outfits, reportedly. More than 90 private jets are currently parked on the runway at the Marco Polo airport. It has been rumoured that the bridegroom has flown in ex-marines to secure the event where 200 guests, including Queen Rania of Jordan, Leonardo DiCaprio and Ivanka Trump, will stay in $16,000-a-night hotel rooms. Kardashians?
They've got two.
All of this in a tiny city where 1000 council homes have been abandoned and are crumbling for lack of funds.
You have to wonder how well the Bezos-Sanchezs have thought about their plans.
Reportedly also on the schedule, a pyjama party, a foam party and a Great Gatsby -theme event.
Things don't turn out too swell for Jay Gatsby, shot dead, the famed novel in part, a take down of the rich.
This year F. Scott Fitzgerald's classic turns 100 and in it he writes of a super wealthy couple who are 'careless people'.
'They smashed up things and creatures and then retreated back into their money or their vast carelessness … and let other people clean up the mess they had made'.
Maybe Jeff should buy himself the book.
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News.com.au
10 hours ago
- News.com.au
Truth behind the Bezos lavish Venice wedding
In an arts centre slash club in Venice's least touristy neighbourhood they gather. A high school teacher. A receptionist from a small hotel. A university researcher. They are here for one reason – to tell one of the richest men in the world where he can shove his superyacht. In a matter of weeks the grassroots No Space For Bezos campaign, spearheaded by everyday locals, has become a global story and the wedding this weekend of Jeff Bezos and Lauren Sanchez has become a tipping point. The brewing public anger and antipathy towards tech billionaires has truly boiled over and they have become the bad guys of 2025. It's not just about Bezos but also Elon Musk, Mark Zuckerberg and Silicon Valley's 0.0001 per cent of the one per cent with their competing rockets that definitely aren't compensating for something. Not that long ago these men were being hailed as visionaries and hoodie wearing prophets the subject of fawning Time covers but who are now some of the most publicly hated people on earth who don't have their nuclear stockpiles. (Yet.) The techno-oligarchy? The Bezos wedding has crystallised the global turn against them. In an increasingly polarised world where we are all segregated in our filter bubbles, there is, shock horror, a very clear trend in sentiment. 74 per cent of Americans disapprove of Zuckerberg and 67 per cent disapprove of Bezos, according to polling commissioned by the Tech Oversight Project this month. Musk is disliked by 57 per cent of Americans, according to a survey from The Associated Press-NORC Centre for Public Affairs Research at around the same time. Around the world, the campaigns against them is only growing. In Marion in South Australia a proposal for a Tesla battery factory saw about 950 people going to the hassle of lodging submissions to try and block it. Such was the vehemence, the Guardian reported, official records had to be redacted, with the paperwork including comments like 'Elon Musk and Tesla are a [redacted] on humanity', 'Elon Musk is a full blown [redacted],' and 'Elon Musk is a [redacted] human being and a [redacted]!'. In London, for much of this year, real-looking ads began appearing at bus stops with slogans like 'ELON MUSK IS A BELLEND. Signed, the UK'. They are the brainchild of a British group called Everybody Hates Elon that grew out of a 'ranty group chat' into such a force the New Yorker recently profiled them. In April, a private donor provided the group with a Tesla and invited the public to smash it. One hundred people turned up. In New York, in April, the Washington Post reported on an 'anti-billionaire bash' that drew 50 people dressed up as Bezos, Zuckerberg and Sanchez to cheekily voice their antipathy towards this new class of men. I'll keep going. Across the US, in states from California to Louisiana, to Nebraska, Utah and Texas more than 100,000 people got off their couches to support Senator Bernie Sanders and Congresswoman Alexandria Ocasio-Cortez's recent 'Fight Oligarchy' tour. Hollywood has picked up the anti-tech billionaire theme and is running with it. One the buzziest movies of the moment is Succession creator Jesse Armstrong's Mountainhead about four tech bros who gather at a remote Utah mansion while an algorithm one of them created triggers global violence and apocalyptic danger. Even the new Toy Story is joining in, with the baddie of the fifth movie, set to be big tech in the form of a tablet called Lillypad. What has changed is that Bezos et al are longer seen as, or at least just, bright thinkers giving us exciting new digital toys, but men defined by naked grasping for more sticky billions and unmitigated, unchecked self-entitlement. Zuckerberg, a man who reportedly used to shout 'domination' at the end of staff meetings, was recently photographed landing in a helicopter on his superyacht and does interviews wearing a $1.3 million watch. Musk has 14 children and had a go at dismantling Washington because it took his political liking. Fundamentally, they treat the world and the people in it like their playthings. Bezos wanted to stage what sounds like a little, wee coup of Venice so he could celebrate his second marriage. Musk dumped nearly $440 million into Donald Trump's campaign and, many believe, swung the election in the favour of a man with 34 felony convictions and who was found by a New York court in 2022 of having sexually abused writer E. Jean Carroll in the 90s. In 2018, Facebook admitted the platform had been used to incite violence in Myanmar. The year before, the country's military unleashed a sweeping campaign of massacres, rape, and arson, according to Human Rights Watch. Zuckerberg, Bezos, Musk and countless other billionaires zip around the planet in carbon emission spewing private jets and have homes, boats, choppers and transport fleets that have to be counted by the dozen. Basically, they come across as people with absolutely zero regard for what their actions, business and choices might be doing to lesser mortals. They act like demi-deities. Now it feels like all of this has boiled over in Venice. It turns out that even hundreds of billions of dollars and your own space force can't guarantee you the wedding of your dreams. This week, Everyone Hates Elon joined in on the action, banding together with Greenpeace to take over Venice's famed San Marco square with an enormous banner reading 'If you can rent Venice for your wedding, you can pay more tax'. At the time of writing, the anti-Bezos movement appears to be winning. In a matter of weeks the group of everyday Venetians have forced a man with more money than Midas armed with a tungsten Amex to, at the 11th hour, rip up his plans and move the reception to a far less historic backup venue. (Think more concrete by the cubic tonne and less Cannaregio-ish.) This weekend the Bezos-Sanchezes will be forced to toast one another in a building in the city's Arsenale area, full of warehouses, and not the majestic 16th-century Scuola Grande della Misericordia after protesters threatened to block canal access with hundreds of inflatable crocodiles. 'Obscene wealth,' Marta Sottoriva, a 34-year-old Venetian protester told the Guardian, should not 'allow a man to rent a city for three days'. And 'obscene' is exactly the word. This wedding, by some accounts, will cost $71 million. Sanchez will have 27 outfits, reportedly. More than 90 private jets are currently parked on the runway at the Marco Polo airport. It has been rumoured that the bridegroom has flown in ex-marines to secure the event where 200 guests, including Queen Rania of Jordan, Leonardo DiCaprio and Ivanka Trump, will stay in $16,000-a-night hotel rooms. Kardashians? They've got two. All of this in a tiny city where 1000 council homes have been abandoned and are crumbling for lack of funds. You have to wonder how well the Bezos-Sanchezs have thought about their plans. Reportedly also on the schedule, a pyjama party, a foam party and a Great Gatsby -theme event. Things don't turn out too swell for Jay Gatsby, shot dead, the famed novel in part, a take down of the rich. This year F. Scott Fitzgerald's classic turns 100 and in it he writes of a super wealthy couple who are 'careless people'. 'They smashed up things and creatures and then retreated back into their money or their vast carelessness … and let other people clean up the mess they had made'. Maybe Jeff should buy himself the book.

News.com.au
11 hours ago
- News.com.au
UN conference seeks foreign aid rally as Trump cuts bite
Spain will host a UN conference next week seeking fresh backing for development aid as swingeing cuts led by US President Donald Trump and global turmoil hinder progress on fighting poverty, hunger and climate change. French President Emmanuel Macron, South Africa's Cyril Ramaphosa and Daniel Noboa of Ecuador will headline the around 70 heads of state and government in the southern city of Seville from June 30 to July 3. But a US snub at the Fourth International Conference on Financing for Development underlines the challenges of corralling international support for the sector. Joining the leaders are UN chief Antonio Guterres, more than 4,000 representatives from businesses, civil society and financial institutions, including World Bank head Ajay Banga. Such development-focused gatherings are rare -- and the urgency is high as the world's wealthiest countries tighten their purse strings and development goals set for 2030 slip from reach. Guterres has estimated the funding gap for aid at $4 trillion per year. Trump's evisceration of funding for USAID -- by far the world's top foreign aid contributor -- has dealt a hammer blow to humanitarian campaigns. Britain, France, Germany, the Netherlands and Belgium are among the other rich nations that have announced recent aid cuts as economic and security priorities shift and national budgets are squeezed. From fighting AIDS in southern Africa to educating displaced Rohingya children in Bangladesh, the retreat is having an instant impact. The UN refugee agency has announced it will slash 3,500 jobs as funds dried up, affecting tens of millions of the world's most vulnerable citizens. International cooperation is already under increasing strain during devastating conflicts in the Middle East and Ukraine, while Trump's unpredictable tariff war plunges global trade into disarray. - Debt burden - Reforming international finance and alleviating the huge debt burden under which low-income countries sag are key points for discussion. The budgets of many developing nations are constrained by servicing debt, which surged after the Covid-19 pandemic, curbing critical investment in health, education and infrastructure. According to a recent report commissioned by the late Pope Francis and coordinated by Nobel laureate economist Joseph Stiglitz, 3.3 billion people live in countries that fork out more on interest payments than on health. Critics have singled out US-based bulwarks of the post-World War II international financial system, the World Bank and the International Monetary Fund, for reform. Seville represents "a unique opportunity to reform an international financial system that is outdated, dysfunctional and unfair", Guterres said. At a preparatory meeting at UN headquarters in New York in June, countries except the United States unanimously agreed a text to be adopted in Seville. The document reaffirms commitment to achieving the 2030 UN sustainable development goals on eliminating poverty, hunger and promoting gender equality. It focuses on reforming tax systems, notably by improving the Global South's representation within international financial institutions. The text also calls on development banks to triple their lending capacity, urges lenders to ensure predictable finance for essential social spending and for more cooperation against tax evasion. The United States said it opposed initiatives that encroach on national sovereignty, interfere with international financial institutions and include "sex-based preferences". - Lack of ambition? - While the European Union celebrated achieving a consensus, NGOs have criticised the commitment for lacking ambition. For Mariana Paoli, global advocacy lead at Christian Aid, the text "weakens key commitments on debt and fossil fuel subsidies -- despite urgent calls from the Global South". "Shielded by US obstructionism, the Global North continues to block reform. This isn't leadership -- it's denial." Previous failures by rich countries to keep their promises have eroded trust. After promising to deliver $100 billion of climate finance a year to poorer nations by 2020, they only hit the target in 2022. Acrimonious negotiations at last year's UN climate summit in Azerbaijan ended with rich countries pledging $300 billion in annual climate finance by 2035, decried as too low by activists and developing nations. Independent experts have estimated the needs upwards of $1 trillion per year. Spain will be the first developed country to host the UN development finance conference. The inaugural edition took place in Mexico in 2002, followed by Qatar in 2008 and Ethiopia in 2015.

News.com.au
20 hours ago
- News.com.au
BlackRock calls defence tech the next 'mega force' as NATO shifts into rearm mode
NATO lifts defence spend to 5% after fiery Hague summit BlackRock says defence tech is the new mega-force DroneShield's $61m Euro deal ignites ASX defence run A few summers ago it would have sounded bonkers, but here we are: NATO leaders have just agreed to jack up their collective defence spending target to 5% of GDP (from a previous target of 2%). Inked during a white-knuckle summit in The Hague on Wednesday, the pledge is an all-out gear shift, a sign the West is rearming for a world that feels like it's cracking at the edges. There was no shortage of drama. Trump arrived at the meeting floating his usual lines about freeloading Europeans and asking what America's getting in return. But by the end, after closed-door huddles and some diplomacy, he changed tune: 'It's not a rip-off. We're here to help them protect their countries.' And while Trump's claiming victory, it's also a win for Europe and especially for NATO's new secretary general Mark Rutte, who had apparently spent months quietly stitching this together. The NATO alliance, once rattled and rusty, is now bracing for a far more contested world than the one it thought it was defending a decade ago. The Russia-Ukraine war has basically rewired its mindset. Germany, once shy about spending on tanks and missiles, now wants to build Europe's most powerful military. Sure, not everyone's on board. Spain and Slovakia are already whining about affordability. BlackRock all-in on defence No surprise then that BlackRock, the world's biggest asset manager, is getting more bullish about the defence sector. In its latest market outlook, the BlackRock Investment Institute called defence one of the defining 'mega forces' reshaping global markets right now. Not just because of war, but because of how war is evolving: AI, drones, and cyber strikes. It's not the same old battlefield anymore. BlackRock has recently been rolling out Europe-focused defence ETFs, following surging interest in names like Lockheed Martin, RTX, Northrop Grumman, as well as smaller drone-tech firms. According to BlackRock, its defence ETFs have already attracted over US$7.5 billion in global inflows this year, a notable shift a sector once considered too controversial for many investors to stomach. Aussie defence stocks step up That shift is already rippling through the ASX, where several homegrown players are starting to look like serious contenders. Take DroneShield (ASX:DRO). This week it landed a monster $61.6 million contract from a European military customer, more than its total revenue last year. It will be shipping handheld counter-drone kits across Q3, and according to CEO Oleg Vornik, this is just the beginning. 'The scale and frequency of orders has been increasing as leading military customers are moving from testing hardware to broader rollouts," Vornik said. 'DroneShield is well placed to meet the increasing demand." Then there's Elsight (ASX:ELS), which makes battlefield-grade connectivity systems. Its Halo unit, a plug-and-play data pipe that stitches together mobile, satellite and RF links, has become the backbone for unmanned military vehicles. So far this year, the company has clinched over US$14.7 million in contracts from a single European OEM. That's a 600% revenue surge. And if the fight is moving into the digital realm, Vection Technologies (ASX:VR1) is there too. The company's virtual reality training tech is now being used by defence clients to simulate missions, map out battlefields, and rehearse critical ops. Meanwhile, Harvest Technology Group (ASX:HTG) is also filling another critical gap – real-time, secure comms in low-bandwidth or remote environments. Its Nodestream platform lets remote patrols, ships or field drones stream encrypted video and data back to HQ, even with minimal connectivity. What next? If NATO's 5% goal holds, experts say we're staring down trillions in new defence spending through to 2035. And while much of that will go to the usual suspects – Lockheed, Raytheon, Thales – there's real space for niche, high-tech players that solve modern military problems. That's where Australian firms are starting to shine, building the networks, training tools and autonomous brains that will run the battles of the future. But this isn't easy money. Defence contracts are slow, complex and political. You need trust and staying power. Which means the Aussie firms that win are likely the ones who have already laid the groundwork. ASX DEFENCE-RELATED STOCKS Security Description Last Month % 6-month % 12-month % Market Cap TTT Titomic Limited 0.270 -7% 59% 275% $357,954,767 ELS Elsight Ltd 1.500 148% 290% 219% $273,520,523 ASB Austal Limited 6.075 19% 97% 149% $2,472,326,858 HCL Highcom Ltd 0.300 67% 88% 131% $30,804,802 AL3 Aml3D 0.160 3% -9% 129% $86,038,495 EOS Electro Optic Sys. 2.600 61% 118% 74% $503,604,978 CDA Codan Limited 19.670 12% 21% 69% $3,605,996,922 DRO Droneshield Limited 2.235 85% 249% 51% $1,871,513,148 OEC Orbital Corp Limited 0.115 22% 15% 43% $18,125,769 BRN Brainchip Ltd 0.195 -9% -38% -3% $384,890,930 1CG One Click Group Ltd 0.008 14% -20% -11% $9,458,289 3DA Amaero Ltd 0.330 20% 29% -14% $238,274,469 BIS Bisalloy Steel 3.300 -9% -26% -15% $157,123,811 AJX Alexium Int Group 0.007 -13% -42% -36% $11,105,001 BCT Bluechiip Limited 0.003 0% 0% -40% $3,616,878 At Stockhead we tell it like it is. While Harvest Technology is a Stockhead advertiser, it did not sponsor this article. This story does not constitute financial product advice. You should consider obtaining independent advice before making any financial decision.