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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Roman Abramovich's Sale Of Chelsea FC Could Be One Of The Biggest In Sports History

Roman Abramovich's Sale Of Chelsea FC Could Be One Of The Biggest In Sports History

Apr 11, 2022

A $3 billion sale would represent a tidy profit for Abramovich, since he paid (per current exchange rates) about $184 million for the team in 2003. However, he is reportedly foregoing all proceeds from the sale and isn't involved in the sale in any way.

Elon Musk's Net Worth Is Marching Towards $300 Billion Again

Elon Musk's Net Worth Is Marching Towards $300 Billion Again

Apr 5, 2022

The last few weeks have been extremely kind to Elon Musk. With Tesla stock soaring, his net worth is once again marching straight towards $300 billion.

Two Indian Billionaires Just Joined The $100 Billion Net Worth Club For The First Time Ever

Two Indian Billionaires Just Joined The $100 Billion Net Worth Club For The First Time Ever

Apr 5, 2022

Thanks to their soaring business empires, Indian billionaires Mukesh Ambani and Gautam Adani just joined the centibillionaires club for the first time.

Who Was The Richest Person In The World 30 Years Ago?

Who Was The Richest Person In The World 30 Years Ago?

Mar 29, 2022

Thirty years ago, it only took about $31 billion to be the richest person in the world. Here's a look at who that man was.

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.