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.

What's New
Switzerland Seizes Holiday Home Of Russian Billionaire Petr Aven

Switzerland Seizes Holiday Home Of Russian Billionaire Petr Aven

Mar 28, 2022

Now, a three-bedroom luxury unit located inside a golf resort complex in the Bernese Oberland region that Swiss authorities say belonged to Aven is the property of the Swiss government.

MacKenzie Scott Makes Largest Donation Yet: Almost Half A Billion Dollars To Habitat For Humanity

MacKenzie Scott Makes Largest Donation Yet: Almost Half A Billion Dollars To Habitat For Humanity

Mar 28, 2022

That breaks down to $25 million to Habitat for Humanity International and $411 million spread across 84 of the organization's affiliates throughout the United States.

Elon Musk – The "Official" Richest Person In The World – Believes Vladimir Putin Is "Significantly Richer" Than He Is

Elon Musk – The "Official" Richest Person In The World – Believes Vladimir Putin Is "Significantly Richer" Than He Is

Mar 26, 2022

Elon Musk is officially the richest person in the world. But if you ask Elon, that honor actually belongs to Russian President Vladimir Putin.

Real Estate Worth $116 Million Owned By Russian Oligarch Alexey Mordashov Seized By Italian Government

Real Estate Worth $116 Million Owned By Russian Oligarch Alexey Mordashov Seized By Italian Government

Mar 24, 2022

According to Italian police, the complex of residential properties is located in the coastal town of Portisco on the Emerald Coast of Sardinia.

An Estimated $214 Billion In Russian Wealth Is Currently Being Kept In Swiss Banks

An Estimated $214 Billion In Russian Wealth Is Currently Being Kept In Swiss Banks

Mar 24, 2022

The disclosure comes as Switzerland imposed EU sanctions on Russian money being held in the country, but there are growing calls from within Switzerland for even more to be done.

Moderna CEO Stephane Bancel Has Reportedly Sold More Than $400 Million In Company Stock Since Pandemic Began

Moderna CEO Stephane Bancel Has Reportedly Sold More Than $400 Million In Company Stock Since Pandemic Began

Mar 21, 2022

Bancel has sold over 2.8 million Moderna shares since January of 2020, as prescribed by the 10b5-1 plan developed before the pandemic happened. Typically, this comes to 19,000 shares a week – valued at about $3.6 million.

Russian Billionaire Valery Kogan Reportedly Seeks Two-Unit Spread At NY's Plaza Hotel For $50 Million

Russian Billionaire Valery Kogan Reportedly Seeks Two-Unit Spread At NY's Plaza Hotel For $50 Million

Mar 18, 2022

First listed just before covid lockdowns began in early 2020 for an asking price of $45 million, the spread is now being "quietly shopped" with an even higher asking price of $50 million.

What Exactly Happens To Those Seized Yachts Of Russian Oligarchs?

What Exactly Happens To Those Seized Yachts Of Russian Oligarchs?

Mar 16, 2022

Every country has its own laws governing such sanctions, but many of the current rounds go beyond any legal precedent, which creates numerous challenges for the governments involved.

Italy Seizes The $538 Million Sailing Yacht A From Russian Billionaire Andrey Melnichenko

Italy Seizes The $538 Million Sailing Yacht A From Russian Billionaire Andrey Melnichenko

Mar 15, 2022

Melnichenko has other problems to deal with as well, as the seizure happens as he resigns from the boards of his companies EuroChem Group and SUEK, presumably as a result of his perceived ties with Russia.

Russian Billionaires Have Had A Terrible, Horrible, No Good, Very Bad Week

Russian Billionaires Have Had A Terrible, Horrible, No Good, Very Bad Week

Mar 11, 2022

Their yachts are being seized. Their wealth is hemorrhaging. Authorities are now aiming for mansions, private jets and more.

The UK Just Dropped The Sanction Hammer Down On Roman Abramovich

The UK Just Dropped The Sanction Hammer Down On Roman Abramovich

Mar 11, 2022

The UK just sanctioned Roman Abramovich, arguably the most-famous of all the Russian oligarchs.

The UK Wants To Seize British Real Estate Assets Owned By Russian Oligarchs

The UK Wants To Seize British Real Estate Assets Owned By Russian Oligarchs

Mar 8, 2022

First they came for their yachts, now the hunt is on for Russian oligarch mansions.

French Authorities Seize Rosneft CEO Igor Sechin's 280-Foot Yacht As It Was Preparing To Depart

French Authorities Seize Rosneft CEO Igor Sechin's 280-Foot Yacht As It Was Preparing To Depart

Mar 4, 2022

French authorities reportedly swooped in when it became clear that the yacht was being prepared for an urgent departure.

Actually, Now Roman Abramovich Wants To Sell Chelsea FC And Donate The Proceeds To Benefit Ukrainian War Victims

Actually, Now Roman Abramovich Wants To Sell Chelsea FC And Donate The Proceeds To Benefit Ukrainian War Victims

Mar 3, 2022

Just a few days after announcing he was placing the team into a charitable trust, Russian billionaire Roman Abramovich just announced that he actually wants to sell the team… and some other non-Russian assets.

Of All The Russian Billionaires Hemorrhaging Wealth, Vagit Alekperov Puts Them All To Shame

Of All The Russian Billionaires Hemorrhaging Wealth, Vagit Alekperov Puts Them All To Shame

Mar 3, 2022

The last two weeks have been extremely painful to the bank accounts of Russia's richest citizens. But no Russian billionaire has felt more pain than Vagit Alekperov.