Billionaire News
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.
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Leonardo Del Vecchio Was Born So Poor His Mother Abandoned Him To An Orphanage. He Just Died The Richest Person In Italy.
There are rags to riches stories and then there's the story of Leonardo Del Vecchio. He was so poor as a child, his mother abandoned him to an orphanage. When he died Monday, at the age of 87, he was the richest person in Italy.
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Husband And Wife Owners Of Clif Bar Accept $3 Billion Cash-Out From Mondelez
Clif Bar is being acquired by Mondelez for $2.9 billion, and in the process mints a massive shared fortune for the company's husband and wife co-owners.
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The Fortunes Of These Crypto Tycoons Have Vaporized In The Last Few Weeks
Eight months ago, bitcoin reached an all-time high. Today it's sitting a two-year low. And as the prices have crumbled, so have the fortunes of these once high-flying crypto tycoons.
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"Vanished" Chinese Billionaire Xiao Jianhua Will Face Trial In Shanghai
In China, the charge of illegal collection of public deposits can carry a prison sentence of five years or more depending on the severity of the alleged crime, and courts rarely find defendants not guilty once formal charges are brought about.
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Coinbase CEO Brian Armstrong's Net Worth Has Been Utterly Obliterated
Coinbase CEO Brian Armstrong is seeing his net worth explode… in a bad way.
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The US Wants To Seize Two Of Roman Abramovich's Private Jets … But Doing So Could Be Tricky
Abramovich is alleged to have violated export regulations put in place in the wake of the war, and now a Boeing 787 Dreamliner and a Gulfstream jet reportedly worth a combined $400 million could be on the hook.
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Is LeBron James Really A Billionaire?
According to Forbes, LeBron James just officially achieved billionaire status. Is this true?
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Forget All The Rags To Riches Stories You've Ever Heard: None Compare To Syrian Orphan-Turned-Multi-Billionaire, Mohed Altrad
A warning to all billionaires (and millionaires) who call themselves "rags to riches" stories: Read up on Mohed Altrad's origins before throwing that phrase around…
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Almost Every Single Day Of The Pandemic Has Generated A New Billionaire
The report is timed to shine a light on increasing income inequality at the start of this year's World Economic Forum in Davos, Switzerland.
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MacKenzie Scott Donates $122.6 Million To Big Brothers Big Sisters Of America, Bringing Total Giving To Over $12 Billion
According to a statement from Big Brothers Big Sisters of America, Scott has made the single largest individual contribution in the entire organization's history.
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Billionaire's Ex-Wife Rejects Multi-Billion Divorce Settlement Offer
The two didn't have a prenup, and with a net worth of $5 billion, John has plenty of property, including expansive estates located in Aspen and Southampton, and a ritzy 28,000 Manhattan apartment.
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Saudi Royals Have Been Shredding Assets Like Yachts, Residences, And Art As Income Reduced By Crown Prince
Once upon a time, the sellers were some of the most powerful people in Saudi Arabia, but now Prince Mohammed has made drastic changes to their situations.
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After Publicly Criticizing Ukraine War, Russian Billionaire Was Forced To Sell Bank At A Fire Sale Price
When Oleg Tinkov started the year, he was worth $9 billion. Then he criticized the war in Ukraine. Today he no longer owns the bank he founded and his family is reportedly in hiding.
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A Crypto Entrepreneur Has Now Lost More Money Than Anyone In History
If you think you've lost a lot of money in recent weeks and months, don't mention that around Binance founder Changpeng Zhao.
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Billionaire John Doerr Donates $1.1 Billion To Stanford For Climate And Sustainability School
This is the second largest donation ever given to a university and it will create the first new school at Stanford in over 70 years.