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
Warren Buffett's Berkshire Hathaway May Have Accidentally Invested In A $800 Million Ponzi Scheme

Warren Buffett's Berkshire Hathaway May Have Accidentally Invested In A $800 Million Ponzi Scheme

11 Jun 2019 @ 4AM PDT

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

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Much Of The Land In The U.S. Is Owned By Just A Handful Of Families

Much Of The Land In The U.S. Is Owned By Just A Handful Of Families

08 Jun 2019 @ 4AM PDT

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.

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Billionaire James Packer's Fortune To Plummet With Sell Off Of Casino Empire

Billionaire James Packer's Fortune To Plummet With Sell Off Of Casino Empire

08 Jun 2019 @ 4AM PDT

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.

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Here's A Rundown Of Jeff Bezos' Philanthropic Donations

Here's A Rundown Of Jeff Bezos' Philanthropic Donations

07 Jun 2019 @ 4AM PDT

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.

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Billionaire Lee Shau Kee Retires As Richest Person In Hong Kong

Billionaire Lee Shau Kee Retires As Richest Person In Hong Kong

07 Jun 2019 @ 4AM PDT

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.

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Crypto Billionaire Ben Delo Pledges To Give Away Fortune To Denizens Of The Far Future

Crypto Billionaire Ben Delo Pledges To Give Away Fortune To Denizens Of The Far Future

06 Jun 2019 @ 4AM PDT

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.

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Billionaire Roundup: It's Time To Break Out The Barbecues

Billionaire Roundup: It's Time To Break Out The Barbecues

05 Jun 2019 @ 4AM PDT

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

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John D. Rockefeller Was AT LEAST Three Times Richer Than Jeff Bezos In His Heyday

John D. Rockefeller Was AT LEAST Three Times Richer Than Jeff Bezos In His Heyday

04 Jun 2019 @ 4AM PDT

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?

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Jay-Z's Net Worth Officially Crosses Into Billionaire Territory For The First Time

Jay-Z's Net Worth Officially Crosses Into Billionaire Territory For The First Time

03 Jun 2019 @ 9AM PDT

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.

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Les Wexner, Billionaire Behind Victoria's Secret, Designed An Ohio Town

Les Wexner, Billionaire Behind Victoria's Secret, Designed An Ohio Town

02 Jun 2019 @ 4AM PDT

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.

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Steven Mnuchin's Father Robert DID NOT Just Spend $91 Million On A Jeff Koons Sculpture

Steven Mnuchin's Father Robert DID NOT Just Spend $91 Million On A Jeff Koons Sculpture

31 May 2019 @ 4AM PDT

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.

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MacKenzie Bezos Announces She Is Joining The Giving Pledge

MacKenzie Bezos Announces She Is Joining The Giving Pledge

29 May 2019 @ 4AM PDT

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.

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The Simple Yet Brilliant Way El Chapo Guzman Was Laundering Enormous Sums Of Money Using Gold Bars And FedEx…

The Simple Yet Brilliant Way El Chapo Guzman Was Laundering Enormous Sums Of Money Using Gold Bars And FedEx…

25 May 2019 @ 4AM PDT

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.

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A New Study Shows There Was A 5.4 Percent Decline In The Number Of Worldwide Billionaires Last Year

A New Study Shows There Was A 5.4 Percent Decline In The Number Of Worldwide Billionaires Last Year

23 May 2019 @ 4AM PDT

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

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Coca-Cola Billionaire Alki David Arrested After Police Allegedly Find 5000 Cannabis Plants On His Private Jet

Coca-Cola Billionaire Alki David Arrested After Police Allegedly Find 5000 Cannabis Plants On His Private Jet

20 May 2019 @ 4AM PDT

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.

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