Billionaire News | Celebrity Net Worth

On Tuesday afternoon, Elon Musk officially slipped to the world's SECOND richest person. The world's new king of wealth is LVMH founder Bernard Arnault.

Bernard Arnault is on the verge of overtaking Elon Musk as the richest person on the planet.

A year ago Elon Musk was the richest person on the planet by a margin of more than $100 billion. Twelve months later he's lost more money than any other billionaire and and he's perilously close to losing his status as the world's richest person.

For Black's part, he has denied the allegations, and a press statement released by his attorney Susan Estrich of the law firm Estrich Goldin called the allegations "categorically false and part of a scheme to extort money from Mr. Black by threatening to destroy his reputation."

While many would probably be thrilled to log onto their online bank accounts and see a $100,000 balance, for a former billionaire like Bankman-Fried it's basically the financial equivalent of running on fumes.

After his repugnant appearance on Alex Jones' show, we no longer believe Kanye West is a billionaire and are highly doubtful he'll ever be a billionaire again.

Insurers, used to dealing in tangible qualities rather than subjective and possibly undefinable values such as "oomph," are taking issue with Perelman's claim, and he's suing to get them to pay up.

He's an actor, designer, business exec, rancher, producer, director… and thanks to a deal that was just announced, Tom Ford can now call himself BILLIONAIRE.

It's been a rough 10 days for FTX. The cryptocurrency exchange used to be on top of the world. With Bitcoin hitting record highs

Bezos made the pledge with his partner Lauren Sánchez, and says he is currently working on "building the capacity to be able to give away this money."

The price champion of the day was "Models, Ensemble (Small Version)" by Georges Seurat, which earned a reported $149.2 million all on its own.

When Sam Bankman-Fried went to sleep last night, he was the CEO of the world's second-largest crypto exchange, and his $15 billion net worth made him one of the 100 richest people walking the planet. Less than 24 hours later, he is neither of those things.

The father and son duo in charge of Carvana have watched the company's stock — and their personal fortune — tumble.

Rich people — they're just like us. Well, at least in the sense that they've also had a rough 12 months. And some have lost a TON of money.

As if firing them on day one wasn't bad enough, now Elon Musk is reportedly cutting the strings on their golden parachutes.