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During World War II, a resourceful Italian baker faced a devastating cocoa shortage. To stretch his meager supplies, he mixed in ground hazelnuts—and accidentally set the stage for one of the greatest fortunes in European history.

Leonardo Del Vecchio went from an orphanage to a $30 billion eyewear empire that made his heirs multibillionaires. Now one of those heirs, Leonardo Maria Del Vecchio, is at the center of a scandal involving leaked audio, an alleged smear campaign and his former fiancée, "Days of Our Lives" actress Jessica Serfaty.

There are rags-to-riches stories, and then there's the story of Leonardo Del Vecchio. He was so poor as a child that his mother abandoned him at an orphanage. When he died in 2022, at the age of 87, he was the richest person in Italy.

Elizabeth Holmes is scheduled to leave federal prison for a halfway house in 2027, bringing one chapter of the Theranos saga closer to an end. But after once sitting atop a $4.5 billion paper fortune, the financial life waiting for her on the outside looks very different.

TikTok Founder Zhang Yiming has already been the richest person in China for a while. But his net worth just keeps TikToking up and he just became the richest person in all of Asia.

According to Warren Buffett's youngest child Peter, his father has imparted a more lasting legacy on him than the money from his multi-billion fortune ever could.

New corporate filings reveral that, in the last few months of his life, OnlyFans owner Leonid Radvinsky quietly extracted an astonishing fortune from the company. And that's on top of the astonishing fortune he had already extracted in the previous five years!

Revolut founder Nik Storonsky says ChatGPT helped him identify the seller of a $400 million superyacht after an earlier deal collapsed. Now the broker who first brought him the vessel is suing for a $20 million commission, arguing that it was the effective cause of the sale.

Lululemon founder Chip Wilson is worth $6 billion and is divorcing his wife of 24 years, Shannon "Summer" Wilson. With no prenup and most of his fortune created during their marriage, the financial stakes could be enormous.

Apple once paid Robert Pera $65,000 a year, gave him a 2-out-of-5 performance review and ignored his idea for extending Wi-Fi range. He quit, started Ubiquiti with around $30,000, and today he is worth $33 billion and owns the Memphis Grizzlies.

One marriage in 1677 handed the Grosvenor family hundreds of acres of marshy land west of London. Nearly 350 years later, 35-year-old Hugh Grosvenor sits atop a $13 billion dynasty that is roughly 16 times richer than King Charles III.

Hui Ka Yan was once the richest person in China, with a net worth of $45 billion and a sprawling real estate empire. Nine years later, Evergrande has collapsed, his fortune has been wiped out, and he has been sentenced to life in prison.

Over the weekend, an under-the-radar billionaire made headlines by paying a record $40 million for Ferrari Luce "Chassis 0." Who is Herbert "Herbie" Wertheim? And how did he quietly turn a modest optical-products business and decades of personal stock investing into a $5 billion fortune???

Two years ago, we declared Selena Gomez a billionaire thanks to her thriving "Rare Beauty" empire. A lot has changed in two years. When it's all counted, is Selena still a billionaire?

The world's largest hedge funds collectively manage more than $800 billion, with firms like AQR, Bridgewater, Millennium, Two Sigma, and Citadel sitting near the top. Here's how the biggest hedge funds rank today—and how rich their founders became along the way.