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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Children Of Dead Russian Billionaire Oligarch Claim He Was Murdered

Children Of Dead Russian Billionaire Oligarch Claim He Was Murdered

May 15, 2020

What day is it? If the day ends in a y, there's probably another Russian billionaire and one-time friend of Vladimir Putin who has died under mysterious circumstances. This time it's Dmitry Bosov, who played hockey with none other than Vladimir Putin.

Samsung Heir Shockingly Vows To End The Dynastic Control Of The Family Company

Samsung Heir Shockingly Vows To End The Dynastic Control Of The Family Company

May 12, 2020

Lee Jae-yong, the de facto leader of his family's business, Samsung, has revealed that he has no plans to pass down the management of the conglomerate to his kids. This would end the South Korean chaebol practice of the dynastic control of a family company.

Petra Ecclestone's Ex-Husband Charged With Money Laundering And Forgery In The Latest In A Long Line Alleged Lies And Misdeeds

Petra Ecclestone's Ex-Husband Charged With Money Laundering And Forgery In The Latest In A Long Line Alleged Lies And Misdeeds

May 11, 2020

Formula 1 heiress Petra Ecclestone has to be counting her lucky stars for having divorced her ex and baby daddy, James Stunt. He's been charged with what in the U.S. would be two felony counts for money laundering and forgery.

Michael Jordan Originally Wanted To Sign With Adidas Instead Of Nike – This Was A VERY Big Mistake For Adidas

Michael Jordan Originally Wanted To Sign With Adidas Instead Of Nike – This Was A VERY Big Mistake For Adidas

May 10, 2020

As Jordan put it, he was more interested in Adidas than Nike back in 1984, because he simply didn't believe Nike's product was up to the standard of quality he was looking to represent.

How Two Amazing Bets Made Steven Spielberg A Multi-Billionaire

How Two Amazing Bets Made Steven Spielberg A Multi-Billionaire

May 10, 2020

Spielberg's multi-billion net worth is thanks to two chances he took. He and Lucas could not have predicted the success of their respective films. A theme park clause was novel at the time it was written into Spielberg's contract.

Days After Pledging To Sell Everything He Owns, Elon Musk Lists Two L.A. Mansions

Days After Pledging To Sell Everything He Owns, Elon Musk Lists Two L.A. Mansions

May 8, 2020

On Friday, May 1, Elon Musk tweeted "I am selling almost all physical possessions. Will own no house."  Well, it seems he's making good on that promise – or starting to at least. He just listed two Los Angeles area mansions on Zillow for $30 million and $9.5 million.

Dumb Tweet From Elon Musk Probably Cost Him A $750 Million Bonus

Dumb Tweet From Elon Musk Probably Cost Him A $750 Million Bonus

May 8, 2020

In any case, the tweets almost certainly delayed that massive Tesla stock payday that Musk is close to securing, once Tesla's six-month market value price exceeds $100 billion.

Billionaires In The U.S. Are $282 Billion Richer (And Counting) Since The Onset Of Coronavirus

Billionaires In The U.S. Are $282 Billion Richer (And Counting) Since The Onset Of Coronavirus

May 6, 2020

One sector of our population has seen their net worths increase greatly at the same time as so many are applying for unemployment and/or payment protection program loans for their business during the pandemic. Who are they? The billionaires of course!

Larry Ellison Paying Workers On His Island Of Lanai Amid Shut Down

Larry Ellison Paying Workers On His Island Of Lanai Amid Shut Down

May 5, 2020

In 2010, Larry Ellison bought 98% of Lanai for $300 million and has been known ever since as a benevolent landlord to the people and businesses of Lanai. He's furthering that reputation by paying the full wages and benefits for the workers on his island while many of its businesses are shut down.

Harvard Professor Becomes Billionaire On Strength And Surge Of A Single Stock Investment

Harvard Professor Becomes Billionaire On Strength And Surge Of A Single Stock Investment

May 5, 2020

Dr. Timothy Springer is a Ph.D. professor at Harvard Medical School. He's an immunologist known for his pioneering work in discovering the first integrins. He's now become a billionaire from the surge from his stock holdings in a company developing a COVID-19 vaccine.

These 12 Celebrities Are Billionaires (Or MULTI-Billionaires!)

These 12 Celebrities Are Billionaires (Or MULTI-Billionaires!)

May 4, 2020

Being a billionaire has to be pretty great, right? How about being a billionaire AND being world famous too? That's the case for these 12 celebrities. They all have at least a net worth of $1 billion and a recognizable name and face.

Singapore's Richest Man Makes $1 Billion Per Month This Year From Sales Of Ventilators To Combat COVID-19

Singapore's Richest Man Makes $1 Billion Per Month This Year From Sales Of Ventilators To Combat COVID-19

May 3, 2020

Li Xiting, co-founder of Singapore-based medical devices company Shenzhen Mindray Bio-Medical Electronics has seen his fortune grow by about $1 billion a month this year, thanks to the ventilators his company makes and sells to countries trying to care for coronavirus cases.

The Countries That Have Added The Most New Billionaires Over The Past 10 Years

The Countries That Have Added The Most New Billionaires Over The Past 10 Years

May 2, 2020

Since 2010, the number of billionaires in the world has more than doubled from 1,011 to 2,095. The collective net worth of the world's billionaires is about $8 trillion.

How Much Has Ron Perelman's Net Worth Grown From 1990 To Now?

How Much Has Ron Perelman's Net Worth Grown From 1990 To Now?

Apr 29, 2020

In 1990, Ron Perelman, then 47, had a net worth of $2.8 billion, and was the 3rd richest person in the U.S. Today, Perelman, 77, is worth $13 billion and he is the 37th richest American this year.

Elon Musk Might Qualify For A $750 Million Payday – TOMORROW

Elon Musk Might Qualify For A $750 Million Payday – TOMORROW

Apr 28, 2020

Instead of receiving any kind of base salary at all, Musk's pay comes in the form of stock options that are vested only if various financial performance milestones are met by the company.