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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Insanely High Death Tax Keeps LG Heir Out Of Billionaire's Club
Koo Kwang-mo took the helm of his family's business after his father died in May. Koo inherited his father's 8.8% stake in LG, giving him 15% of the company. His holding is valued at $1.55 billion. He lives in South Korea, and the inheritance or "death" tax is one of the highest in the world.
South Korea's Biggest Startup Of All Time Mints New Billionaire
Bom Kim didn't set out to become the e-commerce king of South Korea, but it is a good thing he did as it has made him a billionaire. Coupang, Kim's company, is South Korea's largest e-commerce company.
Self-Made Female Billionaire's Company Accused Of Discriminating Against Pregnant Employees
Lynda Resnick positions herself as a woman who pulled herself up by her pantyhose. It appears the billionaire is skilled at talking the talk but not walking the walk. Five former employees are suing the company for pregnancy discrimination and wrongful termination.
Jeff Bezos' Day One Fund Gives $97.5 Million To 24 Different Homeless Charities
Bezos announced a robust lineup of 24 financial grants to 24 organizations combating homelessness and/or helping the homeless population, totaling $97.5 million.
How The SC Johnson Family Became One Of The Wealthiest Families On The Planet With A Combined Net Worth of $28.2 Billion
The 25 richest families in the world have a combined net worth of $1.1 trillion. The SC Johnson family is the 19th-wealthiest family in the world with a combined $28.2 billion net worth.
How The Cargill MacMillan Family Became One Of The Wealthiest Families On The Planet With A Combined Net Worth of $42.3 Billion
The 25 richest families in the world have a combined net worth of $1.1 trillion. The Cargill MacMillan family is the 9th wealthiest family in the world with a combined $42.3 billion net worth.
How The Dumas Family Became One Of The Wealthiest Families On The Planet, With A Combined Net Worth of $49.2 Billion
The 25-richest families in the world have a combined net worth of $1.1 trillion. The Dumas family is the 5th-wealthiest family in the world with a combined $49.2 billion net worth.
Michael Bloomberg Just Made An Enormous Donation To His Alma Mater To Fund Financial Aid
Billionaire Michael Bloomberg announced on November 18th that he's donating a record $1.8 billion to Johns Hopkins University. The donation is specifically to support student financial aid and made the school's admissions process "forever need-blind."
How Generous Are America's Billionaires?
he wealthiest American billionaires in the United States have net worths that are hard for normal people to comprehend. We've ranked 28 of the wealthiest on a scale of 1 to 5, according to how generous they are.
Meet Brian Armstrong: The Latest Cryptocurrency Billionaire
Cryptocurrency, as a whole, is not having the best year, but Coinbase's Brian Armstrong is having a great one. He has become the second person to achieve a billion-dollar net worth in the cryptocurrency industry.
How The Hearst Family Became One Of The Wealthiest Families On The Planet With A Combined Net Worth of $24.5 Billion
The 25 richest families in the world have a combined net worth of $1.1 trillion. The Hearst family is the 23rd wealthiest family in the world, with a combined $24.5 billion net worth.
A Robot That Can Perform Spine Surgery Created A Billionaire
One of the most fascinating things about billionaires is the myriad ways they attain their membership in the 10+ figure club. Take David C. Paul, for instance. He founded a company that has a robot that performs spine surgery.
Beyonce Cuts Ties With Topshop Billionaire Accused In Sexual Misconduct Scandal
Beyoncé is cutting ties with Topshop billionaire Philip Green, her partner in sportswear line Ivy Park. Green was recently accused in the U.K. of sexual harassment and racial abuse charges.
Billionaire Joe Lewis Sells Hockney Painting For Record $90.3 Million
The painting's sale for $90.3 million – in addition to representing a strong profit for Lewis – also makes Hockney "the most expensive living artist at auction."
Chinese Billionaire Li Shufu Moves From Cars To Supersonic Trains
In addition to flying cars and supersonic trains, Li has also invested in technology like low-orbit satellites and microchips in recent years.