Billionaire News | Celebrity Net Worth

Buffett's Berkshire Hathaway investment firm may have inadvertently helped finance an $800 million "Ponzi-type" scheme, according to investigators in the FBI.

It probably isn't much of a surprise that a large amount of the land from sea to shining sea in the U.S. is owned by just a few families. These families have also owned their land for generations.

Australian billionaire James Packer has continued his trend of divesting himself of his business interests. Packer has sold almost half of his stake in Crown Resorts to a Hong Kong-based entertainment company for $1.76 billion.

Bezos has been criticized in the past for his apparent lack of interest in philanthropy, but in recent years he has stepped up his game somewhat.

Henderson Land Development founder and chairman Lee Shau Kee has announced his retirement – which comes as he's finally managed to become the richest person in Hong Kong.

In signing on to the Giving Pledge, he's set his sights on the future, pledging his fortune to causes that will help denizens of the world generations from now.

Hey there party people! It's time for a long overdue edition of the Billionaire Roundup. There's something for everyone in this one!

John D. Rockefeller's $1.5 billion in 1937 was roughly 1.6% of the economy. Adjusting for today's economy, his net worth would be nearly triple Jeff Bezos'. Pretty cool, right?

When we first started tracking Jay-Z's net worth in 2009, we estimated he was sitting on $300 million. Today he officially earns the title of BILLIONAIRE.

New Albany, Ohio is an idyllic enclave near Columbus. It is the brainchild of L Brands' CEO Les Wexner, the billionaire known for Victoria's Secret. He basically designed the entire town.

A point of clarification might be necessary: Mnuchin is an art dealer, and he carried out the purchase on behalf of billionaire art collector Steve Cohen.

In a letter released on Tuesday, May 28th, MacKenzie Bezos announced in a letter that she had joined the Giving Pledge.The Giving Pledge was launched in 2010 by Bill Gates, Melinda Gates, and Warren Buffett.

The Sinaloa drug cartel (run notoriously intelligent kingpin Joaquin 'El Chapo' Guzman) employed an ingenious money laundering technique. They would take their profits, use them to buy gold and jewelry, and then melt it down and sell it under fake names.

That leaves 2,604 billionaires on Earth, who together, control a collective fortune valued at some $8.56 trillion.

David also says that despite his arrest, he was able to clear everything up with the relevant authorities in fairly short order, first by paying his own $30,000 cash bail.