Billionaire News | Celebrity Net Worth

Beverly Hill billionaire Alec Gores purchased Hostess with many reasons to be optimistic about the future of the classic pastry brand.

Despite huge success and a diverse investment portfolio, Jack Ma's Alibaba Group still struggles to break into the crowded U.S. market.

It has been just a bit more than a decade since George Economou led the charge to get roughly a dozen Greek dry-bulk shipping firms to list their companies on the U.S. Stock Exchange, including his own company DryShips. Economou has an estimated net worth of $1.5 billion. Sadly, his company cannot say the same thing. DryShips is sinking fast.

It just hasn't been Elizabeth Holmes' year. She started the year as the youngest female self-made billionaire in history. Then, allegations surfaced that her revolutionary blood testing methods weren't all that accurate. Then, her net worth was downgraded from $4.5 billion to $0. Pretty bad, right? Unfortunately, things just got worse for Holmes.

It seems as though nearly everyone has fallen in love with Pokémon Go. But just how successful is the app, and what does its success mean for Nintendo?

Sean Parker of Napster and Facebook fame has taken on a challenging new mission: helping to discover the cure for cancer.

When the weather heats up, the rich and famous take off to ultra-luxurious destinations across the globe.

Russian billionaire Andrey Melnichenko has listed his luxury yacht, Motor Yacht A, on the market for $300 million after building a bigger yacht.

George Soros is one of the richest men in the world. When he saw that the economic fallout from Brexit was on the horizon, he bet big against the economy and became that much richer.

Mark Zuckerberg's six-foot wall around his stunning Kauai property has angered many of his neighbors. Why is the Facebook founder building it?

Much like Emperor Palpatine in Return of the Jedi, George Lucas' plans to open a museum in Chicago have been thwarted.

The United Kingdom's decision to leave the European Union sent shockwaves through the global market. In just two days, global shares lost $3 trillion.

Bruce Wasserstein was a legendary investment banker with a $2.9 billion fortune, who died suddenly in 2009. He had four ex-wives and six children with two wives – and one lover. Now, a legal battle has erupted between Wasserstein's older children and the mother of his love child.

Brexit hands Bill Ackman some big losses, but also helps damage his mortal enemy, Herbalife.

Asia now takes the title as the continent where the richest people on the planet reside.