Articles Written by Amy Lamare
Amy Lamare is a Los Angeles based writer covering business, technology, entertainment, philanthropy, and pop culture. She spent 8 1/2 years covering the entertainment industry for www.hsx.com. She has written for Los Angeles Magazine, Your Tango, Thinknum Media, and various airline magazines. Follow her on Facebook. Amy's favorite self-made billionaire is Sara Blakely.
Since 1987, 33 years ago, there have been just six men who have been, at one point or another, the richest person in the world. You know some of the six names – Bill Gates, Warren Buffett, Carlos Slim Helu, and, of course, Jeff Bezos. The other two men are Japanese real estate tycoons.
In the late 1980s, Yoshiaki Tsutsumi was sitting on top of the world. He was the richest person in the world with a net worth of $20 billion.
And then it all came to a stunning end and Yoshiaki was sent to prison and his empire collapsed.
The 10 Biggest Billionaire Losers In Stock Market Volatility Have Lost A Combined $76.4 Billion – In A Week
The volatility of the stock market right now is insane. Word of advice: do not check your 401K balance. Fears of the coronavirus outbreak and our federal government's rather lukewarm response to the virus has the Dow Jones (and NASDAQ) going nuts.
Gulnara Karimova the daughter of the former tyrannical ruler of Uzbekistan, Islam Karimov. A few years ago, there were rumors circulating that Gulnara was missing and that she'd possibly been poisoned to death. Now, she's been sentenced to 13 years in prison for a $2 billion corruption scandal.
Today, News Corp. founder Rupert Murdoch has a net worth of $13 billion. He's known as the founder of the Fox News machine and all that goes with that. But back in 1990, he was 59 years old and the 60th richest person in the world with a net worth of $1.1 billion.
Over the last few years, ultra high-end real estate has been booming, particularly in Palm Beach, New York City, and Los Angeles. These 16 homes have all sold for at least $100 million.
The beach house located at 22310 Pacific Coast Highway sits on a half-acre of prime Malibu beachfront and has an annual property tax bill of $1.31 million. Houses on this section of Malibu's Carbon Beach don't come up that often.
George Ruan hit it big earlier this year when Honey, the electronic coupon-clipping browser extension he co-founded in 2012, was acquired by PayPal for $4 billion in cash in January. Now he's dropping $60 million on a Bel Air mansion.
It seems like every other month another billionaire who saw Star Wars at a formative time in their life enters the space race. Now, Li Shufu, the Chinese owner of Volvo, has become the newest entrepreneur to declare an intention to invest in space research.