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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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.
The UK Wants To Seize British Real Estate Assets Owned By Russian Oligarchs

The UK Wants To Seize British Real Estate Assets Owned By Russian Oligarchs

Mar 8, 2022

First they came for their yachts, now the hunt is on for Russian oligarch mansions.
French Authorities Seize Rosneft CEO Igor Sechin's 280-Foot Yacht As It Was Preparing To Depart

French Authorities Seize Rosneft CEO Igor Sechin's 280-Foot Yacht As It Was Preparing To Depart

Mar 4, 2022

French authorities reportedly swooped in when it became clear that the yacht was being prepared for an urgent departure.
Actually, Now Roman Abramovich Wants To Sell Chelsea FC And Donate The Proceeds To Benefit Ukrainian War Victims

Actually, Now Roman Abramovich Wants To Sell Chelsea FC And Donate The Proceeds To Benefit Ukrainian War Victims

Mar 3, 2022

Just a few days after announcing he was placing the team into a charitable trust, Russian billionaire Roman Abramovich just announced that he actually wants to sell the team… and some other non-Russian assets.
Of All The Russian Billionaires Hemorrhaging Wealth, Vagit Alekperov Puts Them All To Shame

Of All The Russian Billionaires Hemorrhaging Wealth, Vagit Alekperov Puts Them All To Shame

Mar 3, 2022

The last two weeks have been extremely painful to the bank accounts of Russia's richest citizens. But no Russian billionaire has felt more pain than Vagit Alekperov.
Actually, Germany Did NOT Just Seize A Russian Oligarch's $800 Million Yacht

Actually, Germany Did NOT Just Seize A Russian Oligarch's $800 Million Yacht

Mar 2, 2022

Wow. It actually happened. German authorities just seized a Russian oligarch's $800 million yacht.
Sanction-Sensitive Russian Oligarchs May Be Preemptively Sailing Their Superyachts Out Of European Waters

Sanction-Sensitive Russian Oligarchs May Be Preemptively Sailing Their Superyachts Out Of European Waters

Mar 1, 2022

Likely to get ahead of potential pending sanctions, a handful of Russian oligarchs are reportedly rushing to get their yachts out of European ports.
Russian Oligarch Roman Abramovich Just Donated Control Of His Beloved Soccer Club Chelsea To Charity

Russian Oligarch Roman Abramovich Just Donated Control Of His Beloved Soccer Club Chelsea To Charity

Feb 26, 2022

In a fairly shocking move, Russian billionaire Roman Abramovich just transferred the ownership of his beloved soccer club to a charitable trust.
Who Is The Richest Person In Ukraine And How Are They Reacting To Russia's Invasion?

Who Is The Richest Person In Ukraine And How Are They Reacting To Russia's Invasion?

Feb 26, 2022

How has Ukraine's richest citizen, Rinat Akhmetov, reacted to Russia's invasion?
If Vladimir Putin Really Is Worth $200 Billion, He Just Became The Richest Person In The World… Thanks To His Own Chaos

If Vladimir Putin Really Is Worth $200 Billion, He Just Became The Richest Person In The World… Thanks To His Own Chaos

Feb 24, 2022

If you believe that Vladimir Putin really is worth $200 billion, he just became the richest person in the world… thanks to the market chaos he created.
Securities Filing Indicates That Elon Musk Gave Nearly $6 Billion In Tesla Shares To Charity Last Year

Securities Filing Indicates That Elon Musk Gave Nearly $6 Billion In Tesla Shares To Charity Last Year

Feb 17, 2022

That would place him among the year's top philanthropic donors, but unlike many of his fellow billionaires Musk doesn't seem to have publicized the gifts – and the filing doesn't even reveal the identities of the receiving organizations.
Melinda French Gates Will No Longer Donate Bulk Of Her Wealth To The Gates Foundation

Melinda French Gates Will No Longer Donate Bulk Of Her Wealth To The Gates Foundation

Feb 8, 2022

Her commitment to giving away the money has remained unchanged, but she has decided to make a change in where the money will go – rather than giving the bulk of it to the Bill & Melinda Gates Foundation.
Facebook's Stock Market Plunge Has Shaved More Than $40 Billion From Mark Zuckerberg's Net Worth In Under A Week

Facebook's Stock Market Plunge Has Shaved More Than $40 Billion From Mark Zuckerberg's Net Worth In Under A Week

Feb 7, 2022

When Mark Zuckerberg woke up this morning, his pockets were around $30 BILLION lighter.