If a billionaire is in the news for any reason, you will read about it right here in our "Billionaire News" section. Whether that billionaire is going through an expensive divorce, buying a $100 million private island, or making a massive donation to charity, we got you covered.
It costs a lot to run a campaign for president of the United States. Millions. Career politicians are often wealthy people but they cannot bankrupt themselves in their quest for the highest office in the land. So they turn to donors. Many of those donors are billionaires.
The net worths of the wealthiest people in the world have been growing at crazy rates. Let's take a look at what the richest people in the world were worth 10 years ago and how much they've increased their wealth since then.
The richest person in the world in 1990, John Werner Kluge, was worth a "mere" $5.9 billion. That's good enough to be 118th on the most current list of the richest Americans.
Obviously, it isn't easy for just anyone to become a billionaire. However, the unfortunate fact is that it is even harder if you're black. Of the 607 billionaires in the United States, only five are African American.
1990 was 30 years ago. To make the list of the richest people in the U.S., one "only" had to be worth $260 million. Today, to be the poorest person on that list, you'd need a net worth of around $2 billion.
Billionaire Dan Loeb's 200-foot yacht was anchored off Belize recently when it damaged a part of the pristine Belize Barrier Reef.
Should Democratic presidential hopeful Mike Bloomberg find himself in the White House, he might find it a bit difficult to find a buyer for his company Bloomberg LP.
Facebook has come a long way since Mark Zuckerberg, Chris Hughes, Eduardo Saverin, and Dustin Moskovitz were college students at Harvard working on a project called The Facebook. We know what Mark has been up to, but what about Hughes, Saverin, and Moskovitz?
It just takes one good idea to make it big, but sometimes that good idea takes longer to come along. Just ask Mark Cuban. Sure, today we all know him as a billionaire entrepreneur, but a bit over three decades ago, he was over 30 and coming off a string of failures in business.
If you're short on cash, you can do something called "plassing," that is, giving the plasma in your blood to a blood donation center. Chances are, that center will be owned by the family who is making hundreds of millions each year off the plasma of poor people.
Bezos says his $10 billion donation will establish the Bezos Earth Fund, which he hopes will serve as a foundation for "collective action" on the part of everyone with an interest in creating a cleaner, safer, and more sustainable world.
The troubles just keep adding up for Isabel dos Santos. Her assets in Angola were frozen. She was charged with money laundering and embezzlement. Now, Portugal has also frozen her many personal and corporate bank accounts.
The Bill & Melinda Gates Foundation's 2020 Annual Letter, entitled "Why We Swing for the Fences," is focused on the progress they feel they've made over the last 20 years.
Did you happen to catch the end of the Oscars when the diminutive Korean lady got on stage and started talking about how much she loves Parasite director Bong Joon Ho's hair? That was Miky Lee, who is responsible for everything from K-pop sensation BTS to the Oscar-winning film Parasite.