The Pandora Papers Reveals Where the Richest People in the World Are Hiding Their Money

A brief overview of the global investigation that revealed offshore dealings among the world's elite.

Executive Producer Claudia Schiffer attends the US Premiere of "Rocketman" at Alice Tully Hall in New York City on May 29, 2019. Roy Rochlin/Getty Images for Paramount Pictures

By Kenny Herzog

The International Consortium of Investigative Journalists (ICIJ) dropped a bombshell months ago that made ProPublica’s June reporting on billionaires’ tax evasion seem quaint. Dubbed Pandora Papers, the ICIJ’s dossier exposes the vast patchwork of offshore business dealings among world leaders, celebrities, and other public figures.

It’s a successor of sorts to the Consortium’s 2016 Panama Papers, which unlocked the machinations behind decades of offshore transactions that enabled industrial-scale corruption.