Billionaire News | Celebrity Net Worth

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!

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.

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.

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.

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.

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.

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.

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.

Australian Gina Rinehart is the 89th richest person in the world. She is a mining mogul who makes a billion dollars a year from the iron ore and coal projects she owns. Pretty cut and dried, right? Well, Ms. Rinehart has had a fair bit of family drama over the years.

The latest list of the richest people under 30 is out and only three of the top 10 wealthiest 20-somethings are self-made: Kylie Jenner (sort of), Evan Spiegel, and John Collison. Alongside his older brother Patrick, John co-founded the mobile payment app Stripe.

The Duke of Westminster, 29-year-old Hugh Grosvenor, is one of the richest people in the U.K. He inherited the family assets when his father, Gerald Cavendish Grosvenor, passed away in 2016 at the age of 64. He's tight with the Royal Family. He's richer than Queen Elizabeth.

There's a new member of the ultra-exclusive three comma club! Kanye West is now officially a billionaire.

Step aside Jay-Z, Diddy and Dr. Dre. Kanye West's $3 billion net worth puts you all to shame.

Branson laid the situation bare in an open letter to Virgin Atlantic and Virgin Australia's employees, citing "the severe uncertainty surrounding travel today" as a potentially fatal blow to his companies.

It goes without saying that there are a lot of rich people in California. From Hollywood to real estate to tech titans, California are bringing home the proverbial bacon by the millions and billions.