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
Insanely High Death Tax Keeps LG Heir Out Of Billionaire's Club

Insanely High Death Tax Keeps LG Heir Out Of Billionaire's Club

06 Dec 2018 @ 4AM PST

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.

View Article
South Korea's Biggest Startup Of All Time Mints New Billionaire

South Korea's Biggest Startup Of All Time Mints New Billionaire

06 Dec 2018 @ 4AM PST

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.

View Article
Self-Made Female Billionaire's Company Accused Of Discriminating Against Pregnant Employees

Self-Made Female Billionaire's Company Accused Of Discriminating Against Pregnant Employees

05 Dec 2018 @ 4AM PST

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.

View Article
Jeff Bezos' Day One Fund Gives $97.5 Million To 24 Different Homeless Charities

Jeff Bezos' Day One Fund Gives $97.5 Million To 24 Different Homeless Charities

03 Dec 2018 @ 4AM PST

Bezos announced a robust lineup of 24 financial grants to 24 organizations combating homelessness and/or helping the homeless population, totaling $97.5 million.

View Article
How The SC Johnson Family Became One Of The Wealthiest Families On The Planet With A Combined Net Worth of $28.2 Billion

How The SC Johnson Family Became One Of The Wealthiest Families On The Planet With A Combined Net Worth of $28.2 Billion

01 Dec 2018 @ 4AM PST

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.

View Article
How The Cargill MacMillan Family Became One Of The Wealthiest Families On The Planet With A Combined Net Worth of $42.3 Billion

How The Cargill MacMillan Family Became One Of The Wealthiest Families On The Planet With A Combined Net Worth of $42.3 Billion

30 Nov 2018 @ 4AM PST

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.

View Article
How The Dumas Family Became One Of The Wealthiest Families On The Planet, With A Combined Net Worth of $49.2 Billion

How The Dumas Family Became One Of The Wealthiest Families On The Planet, With A Combined Net Worth of $49.2 Billion

30 Nov 2018 @ 4AM PST

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.

View Article
Michael Bloomberg Just Made An Enormous Donation To His Alma Mater To Fund Financial Aid

Michael Bloomberg Just Made An Enormous Donation To His Alma Mater To Fund Financial Aid

29 Nov 2018 @ 4AM PST

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."

View Article
How Generous Are America's Billionaires?

How Generous Are America's Billionaires?

29 Nov 2018 @ 4AM PST

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.

View Article
Meet Brian Armstrong: The Latest Cryptocurrency Billionaire

Meet Brian Armstrong: The Latest Cryptocurrency Billionaire

29 Nov 2018 @ 4AM PST

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.

View Article
How The Hearst Family Became One Of The Wealthiest Families On The Planet With A Combined Net Worth of $24.5 Billion

How The Hearst Family Became One Of The Wealthiest Families On The Planet With A Combined Net Worth of $24.5 Billion

28 Nov 2018 @ 4AM PST

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.

View Article
A Robot That Can Perform Spine Surgery Created A Billionaire

A Robot That Can Perform Spine Surgery Created A Billionaire

28 Nov 2018 @ 4AM PST

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.

View Article
Beyonce Cuts Ties With Topshop Billionaire Accused In Sexual Misconduct Scandal

Beyonce Cuts Ties With Topshop Billionaire Accused In Sexual Misconduct Scandal

28 Nov 2018 @ 4AM PST

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.

View Article
Billionaire Joe Lewis Sells Hockney Painting For Record $90.3 Million

Billionaire Joe Lewis Sells Hockney Painting For Record $90.3 Million

27 Nov 2018 @ 4AM PST

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."

View Article
Chinese Billionaire Li Shufu Moves From Cars To Supersonic Trains

Chinese Billionaire Li Shufu Moves From Cars To Supersonic Trains

26 Nov 2018 @ 4AM PST

In addition to flying cars and supersonic trains, Li has also invested in technology like low-orbit satellites and microchips in recent years.

View Article