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
Gap Market Cap Increases By $1.5 Billion, Hours After Announcing Kanye West Partnership

Gap Market Cap Increases By $1.5 Billion, Hours After Announcing Kanye West Partnership

Jun 28, 2020

This isn't the first time the rapper and the retailer have worked together: as longtime fans of Kanye's are already aware, he worked at a Gap store as a teenager in Chicago.

MacKenzie Bezos Is Now The Second Richest Woman In The World

MacKenzie Bezos Is Now The Second Richest Woman In The World

Jun 27, 2020

There's been a shakeup near the top of the list of the richest women in the world. Thanks to some surges in the stock price of Amazon, MacKenzie Bezos has moved up the ranks.

Elon Musk Sells Bel-Air Mansion To Fellow Billionaire William Ding For $29 Million

Elon Musk Sells Bel-Air Mansion To Fellow Billionaire William Ding For $29 Million

Jun 27, 2020

Musk made his pledge to get rid of all his real estate in the first part of May, which is also when this property was originally listed for $30 million, meaning Ding got a slight $1 million discount on the property.

2020 Is Weird: Rubber Glove Makers Ride Surge In Demand Of Product To Become Billionaires

2020 Is Weird: Rubber Glove Makers Ride Surge In Demand Of Product To Become Billionaires

Jun 26, 2020

If you had asked us back in December or January what the hot new sector creating new billionaires would be – well, suffice it to say we would never have guessed rubber gloves. 2020 is proving to be strange in so many ways.

Instacart Founder's Net Worth Surges On Strength Of Coronavirus Shut Downs, Making Him A Billionaire

Instacart Founder's Net Worth Surges On Strength Of Coronavirus Shut Downs, Making Him A Billionaire

Jun 25, 2020

Instacart's 33-year-old founder, Apoorva Mehta, is now a billionaire thanks to the surge in demand for Instacart's services as well as a new funding round on June 11 of $225 million. He now has a net worth of $1.2 billion.

Chinese Billionaire Property Developer Gets 5 Years In Prison For Child Molestation Conviction

Chinese Billionaire Property Developer Gets 5 Years In Prison For Child Molestation Conviction

Jun 25, 2020

On Wednesday, a court in Shanghai sentenced billionaire real-estate developer Wang Zhenhua to five years in prison for child molestation. Wang was arrested last summer on charges that he assaulted a nine-year-old girl.

Billionaire Netflix Founder Reed Hastings Donates $120 Million To HBCUs To Fight Racial Injustice

Billionaire Netflix Founder Reed Hastings Donates $120 Million To HBCUs To Fight Racial Injustice

Jun 24, 2020

In light of the fight for racial justice after the killings of George Floyd and way too many other unarmed black people, Netflix founder Reed Hastings has made the biggest donation to racial justice, in the form of a $120 million gift to America's HBCUs.

76ers And Devils' Owner Josh Harris On A Mission To Add The New York Mets To His Growing Sports Portfolio

76ers And Devils' Owner Josh Harris On A Mission To Add The New York Mets To His Growing Sports Portfolio

Jun 23, 2020

Josh Harris is a billionaire. He's also the owner of the NBA's Philadelphia 76ers. Now, he's looking to add another professional sports franchise to his portfolio – and he very much runs his burgeoning sports empire like he runs his global investment management firm.

They Are Brothers. They Are Twins. They Are Billionaires. They Are Battling Over The Family Fortune.

They Are Brothers. They Are Twins. They Are Billionaires. They Are Battling Over The Family Fortune.

Jun 22, 2020

The billionaire Barclay family is anchored by 85-year-old twin brothers David and Frederick Barclay. The twins amassed the family fortune together in hotels, online retail, and newspapers. They also haven't spoken to each other in years.

Five People Arrested In Attempted Home-Invasion-Style Kidnapping Of Chinese Billionaire

Five People Arrested In Attempted Home-Invasion-Style Kidnapping Of Chinese Billionaire

Jun 22, 2020

He Xiangjian is one of the wealthiest people in China. He founded the Midea Group, one of the biggest manufacturers of home appliances. Last weekend, he was the target of an attempted kidnapping at his luxury villa in Foshan city, in southern Guangdong province.

Kim and Kanye Set 7-Year-Old Daughter North West Up With A $10 Million Trust Fund

Kim and Kanye Set 7-Year-Old Daughter North West Up With A $10 Million Trust Fund

Jun 19, 2020

The money is supposedly to make sure that North "won't have to work a day in her life." The source goes on: "[Kanye] wants her to create, innovate, and leave her mark on this world. And he's planning for her future as we speak."

How Denise Coates Became One Of the Richest Women In the World

How Denise Coates Became One Of the Richest Women In the World

Jun 15, 2020

One of the wealthiest women in the U.K. is also the highest-paid executive and highest-earning female CEO in the world. Denise Coates is the founder and co-CEO of betting firm Bet365.com.

MacKenzie Bezos' Net Worth Tops $50 Billion For The First Time – When Will She Be The Richest Woman In The World?

MacKenzie Bezos' Net Worth Tops $50 Billion For The First Time – When Will She Be The Richest Woman In The World?

Jun 14, 2020

Thanks to the recent Amazon stock surge, MacKenzie Bezos is now worth $50 billion. This makes her the 4th richest woman in the world behind Alice Walton, Julia Flesher Koch, and Francoise Bettencourt-Meyers.

Samsung Billionaire Jay Y. Lee Facing Charges Of Corruption, Bribery, And Embezzlement…Again

Samsung Billionaire Jay Y. Lee Facing Charges Of Corruption, Bribery, And Embezzlement…Again

Jun 13, 2020

Samsung's billionaire vice chairman, Jay Y. Lee (Lee Jae-yong), is still battling it out in court during his legal dispute with South Korean prosecutors over allegations of bribery and corruption that date back to 2015.

$1.1 BILLION In Alleged CJNG Cartel Assests Frozen By US And Mexico Authorities

$1.1 BILLION In Alleged CJNG Cartel Assests Frozen By US And Mexico Authorities

Jun 9, 2020

It was all part of a law enforcement operation called Operation Blue Agave, a project by both Mexico's Ministry of Finance and the United States' Drug Enforcement Administration.