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
Travis Kalanick Dumped His Entire Uber Stake A Year Ago. That Turned Out To Be A TERRIBLE Move.

Travis Kalanick Dumped His Entire Uber Stake A Year Ago. That Turned Out To Be A TERRIBLE Move.

Dec 6, 2020

A year ago Travis Kalanick sold basically his entire stake in the company he co-founded, Uber. For a little while that looked like a genius move. Today… not so much.

Soft Bank's Masa Son Is Doomsday Prepping By Stockpiling Cash In The Event Of A Worst-Case Scenario

Soft Bank's Masa Son Is Doomsday Prepping By Stockpiling Cash In The Event Of A Worst-Case Scenario

Nov 30, 2020

Billionaire Masayoshi Son of SoftBank is stockpiling cash to prepare for a worst-case scenario because he believes the coronavirus will continue to adversely affect companies in the next few months.

The Guinness Curse Strikes Again! Young Heiress Drowns In Pool

The Guinness Curse Strikes Again! Young Heiress Drowns In Pool

Nov 30, 2020

The Guinness family just can't catch a break. Sure, they are the billionaire heirs and heiresses of the famous beer, but man oh man there seems to be a curse on their family. Over the years one family member after another has died in strange and unusual ways.

Michael Jordan Makes $2 Million Donation To Feeding America

Michael Jordan Makes $2 Million Donation To Feeding America

Nov 26, 2020

Feeding America is "the largest charitable food assistance network in the U.S.," but MJ himself is quoted on his intent for his pledge to go towards Chicago and the Carolinas.

Elon Musk Just Overtook Bill Gates To Become The Second Richest Person On The Planet

Elon Musk Just Overtook Bill Gates To Become The Second Richest Person On The Planet

Nov 24, 2020

Just a week after jumping Mark Zuckerberg, Elon Musk has now jumped Bill Gates to become the second-richest person in the world for the first time.

Mars Acquiring Kind Bars For $5 Billion, Boosting Founder Daniel Lubetzky's Net Worth

Mars Acquiring Kind Bars For $5 Billion, Boosting Founder Daniel Lubetzky's Net Worth

Nov 23, 2020

It was just announced that the world's largest candymaker, Mars, will acquire Kind, the maker of healthy snack bars in a deal that values Kind at $5 billion. Daniel Lubetzky founded Kind in 2004.

Billionaire Sackler Family Behind Oxycontin Scandal Owns Massive Real Estate Portfolio

Billionaire Sackler Family Behind Oxycontin Scandal Owns Massive Real Estate Portfolio

Nov 21, 2020

The billionaire Sackler family has been in the news a lot lately. They are the family behind Purdue Pharma the company behind OxyContin. The Sacklers are also known for their contributions to philanthropy and their massive real estate portfolio.

Bill Ackman Places Another Billion-Dollar Bet That The Economy Is Going To Tank

Bill Ackman Places Another Billion-Dollar Bet That The Economy Is Going To Tank

Nov 21, 2020

Back in March, billionaire investor Bill Ackman made a decision: He paid $27 million to buy credit defaults and turned that into a profit of $3.6 billion. Now, he's doing it again. When news broke about an effective Covid-19 vaccine, Ackman placed a similar bet.

Donald Trump Might Be In Line For A $100 Million Post-Presidency Book Deal

Donald Trump Might Be In Line For A $100 Million Post-Presidency Book Deal

Nov 20, 2020

Nothing about current President Donald Trump's failure to secure reelection has been exactly typical. But one aspect of a typical post-presidency is reportedly right on schedule: the post-presidency book deal.

Pfizer/BioNTech Vaccine News Sends Stock And Investors' Fortunes Soaring

Pfizer/BioNTech Vaccine News Sends Stock And Investors' Fortunes Soaring

Nov 19, 2020

When Pfizer announced the positive results of the phase three trials of its Covid-19 vaccine, stocks soared. The vaccine appears to be 90% effective in limited trials against the coronavirus.

Robert F. Smith Selling Malibu House On Carbon Beach For $24.5 Million

Robert F. Smith Selling Malibu House On Carbon Beach For $24.5 Million

Nov 18, 2020

If you've always dreamed of living steps from the ocean in Malibu and have $24.5 million lying around, have we got the house for you! Vista Equity billionaire Robert F. Smith is selling his home on Malibu's exclusive Carbon Beach.

Elon Musk Is Now The World's Third-Richest Person After Tesla S&P 500 Announcement

Elon Musk Is Now The World's Third-Richest Person After Tesla S&P 500 Announcement

Nov 17, 2020

The announcement by the S&P 500 that it was adding Tesla to its ranks caused the company's stock to jump almost 15 percent, which in turn caused Musk's personal net worth to jump by an impressive $15 billion.

Former Google CEO Eric Schmidt Attempting To Buy His Way Into Citizenship In Cyprus

Former Google CEO Eric Schmidt Attempting To Buy His Way Into Citizenship In Cyprus

Nov 16, 2020

Eric Schmidt, the former CEO of Google, is looking to leave the U.S. He and his family are not only trying to immigrate to Cyprus, but also to become citizens of the European country

The Winklevoss Twins Are Once Again Cryptocurrency Billionaires

The Winklevoss Twins Are Once Again Cryptocurrency Billionaires

Nov 13, 2020

The Winklevosses bought about $11 million worth of bitcoins back in 2013, going on to start their own cryptocurrency exchange called Gemini Trust Co.

Old And New School Chinese Fashion Tycoons See Wealth Surge During Pandemic

Old And New School Chinese Fashion Tycoons See Wealth Surge During Pandemic

Nov 13, 2020

The pandemic has us all housebound and our clothing of choice overwhelmingly skews towards athleisure these days. So it's weird to talk about people and companies in the fashion space who are doing well this year. It's the manufacturers that spin cotton thread into clothing that are doing well in the pandemic.