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
From Riddled With Student Loan Debt To Billionaire: The Leon G. Cooperman Story

From Riddled With Student Loan Debt To Billionaire: The Leon G. Cooperman Story

Nov 11, 2020

Billionaire Leon Cooperman has come a long way since he was the son of working-class immigrants from Poland growing up in a one-bedroom apartment in South Bronx.

Jeffrey Epstein's Infamous Palm Beach House To Be Torn Down

Jeffrey Epstein's Infamous Palm Beach House To Be Torn Down

Nov 11, 2020

The notorious $22 million Palm Beach mansion owned by convicted sex offender Jeffrey Epstein has been sold to a developer. The 14,000-square-foot, six-bedroom waterfront home was put on that market in July. The home will be torn down.

Meet The Billionaire Who Supplies The Burgers For McDonald's And Burger King

Meet The Billionaire Who Supplies The Burgers For McDonald's And Burger King

Nov 7, 2020

Do you ever think about where your food comes from? Like, where do McDonald's and Burger King get all their beef and chicken? Well, look no further as it turns out a company called OSI is behind all those Big Macs across the globe.

Jack Ma Heads For Second Historic (And Money Making) IPO

Jack Ma Heads For Second Historic (And Money Making) IPO

Nov 6, 2020

When his Alibaba went public in 2014 it was the biggest IPO of all time. In 2019, the $29.4 billion IPO of Saudi Aramco knocked Ma off that throne. Well, now he's back. His fintech company Ant Group is about to make its IPO and it is expected to be the biggest IPO in history.

Ant Group Cancels IPO Amid Jack Ma Drama With Chinese Banking Regulators

Ant Group Cancels IPO Amid Jack Ma Drama With Chinese Banking Regulators

Nov 4, 2020

We've been waiting with bated breath for the IPO of billionaire Jack Ma's Ant Group on the Hong Kong and Shanghai stock exchanges. However, the IPO has been suspended by both the Shanghai and Hong Kong stock exchanges after Ma was question by Chinese banking regulators.

Alibaba Co-Founder Lucy Peng Poised To Make $5 Billion In Ant Group IPO

Alibaba Co-Founder Lucy Peng Poised To Make $5 Billion In Ant Group IPO

Nov 4, 2020

Lucy Peng is the highest powered woman at e-commerce giant Alibaba and with good reason – she's the co-founder. Over the past 20 years, she's played a pivotal role in steering the company she founded with Jack Ma.

Kanye West Wants To Build A "City Of The Future" In Haiti

Kanye West Wants To Build A "City Of The Future" In Haiti

Nov 3, 2020

West first talked about his idea for a "city of the future" somewhere in Haiti on his recent interview with Joe Rogan, of which you've probably already seen clips from, if you spend any time on the internet at all.

The Richest People In Detroit

The Richest People In Detroit

Nov 3, 2020

The richest people in Detroit come from several different industries. One is in home loans, another is in pizza, one is the granddaughter of Henry Ford, while another originated car loans for people with bad credit.

Liz And Dick Uihlein Are The Most Powerful Political Contributors You've Never Heard Of

Liz And Dick Uihlein Are The Most Powerful Political Contributors You've Never Heard Of

Nov 2, 2020

Liz and Dick Uihlein are influential Republican donors. They rank fourth on the list of people who've donated the most to political campaigns during the 2020 election cycle. Who are they and how'd they get rich enough to spend more than $65 million on politics?

Rockefeller Foundation Announces $1 Billion Pledge Towards COVID-19 Relief

Rockefeller Foundation Announces $1 Billion Pledge Towards COVID-19 Relief

Nov 1, 2020

The Rockefeller Foundation recently announced a $1 billion pledge towards that work over the next three years, a pledge that is the largest in the history of the foundation, which stretches back more than a century.

Billionaire Robert F Smith Announces $50 Million Donation Towards STEM Students At HBCUs

Billionaire Robert F Smith Announces $50 Million Donation Towards STEM Students At HBCUs

Oct 31, 2020

The gift is being made through Smith's Fund II Foundation, and will launch across 11 HBCUs that will be named sometime before the end of November, the press release says.

China Sees Billionaire Boom During Coronavirus Shutdowns

China Sees Billionaire Boom During Coronavirus Shutdowns

Oct 29, 2020

Over the past year, most of which has included battling COVID-19, China has created 257 brand new billionaires. Overall, there are 878 billionaires in China and they've added $1.5 trillion to their wealth over the past year.

The Billionaires Behind The Anti-Trump Republican Group, The Lincoln Project

The Billionaires Behind The Anti-Trump Republican Group, The Lincoln Project

Oct 29, 2020

If you're on social media, you've probably heard of The Lincoln Project. It's a relatively new super-PAC run by a number of prominent former Republican consultants who are hoping to defeat Donald Trump. At least 15 billionaires have donated to this super-PAC.

Ousted WeWork Founder Adam Neumann Loses $185 Million Consulting Fee For Violating Agreement

Ousted WeWork Founder Adam Neumann Loses $185 Million Consulting Fee For Violating Agreement

Oct 27, 2020

Schadenfreude is such a great word. When it comes to WeWork founder Adam Neumann and his shenanigans, we definitely feel some schadenfreude in learning that his $185 million consulting deal with WeWork was canceled.

Purdue Pharma Reaches Epic Settlement In The OxyContin Lawsuits

Purdue Pharma Reaches Epic Settlement In The OxyContin Lawsuits

Oct 26, 2020

Purdue Pharma, makers of OxyContin, will plead guilty to three federal criminal charges as part of a settlement of more than $8 billion, according to the Justice Department.