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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Of The 607 American Billionaires, Only Five Are Black

Of The 607 American Billionaires, Only Five Are Black

Feb 22, 2020

Obviously, it isn't easy for just anyone to become a billionaire. However, the unfortunate fact is that it is even harder if you're black. Of the 607 billionaires in the United States, only five are African American.

What Did It Take To Be One Of The 400 Richest Americans In 1990?

What Did It Take To Be One Of The 400 Richest Americans In 1990?

Feb 21, 2020

1990 was 30 years ago. To make the list of the richest people in the U.S., one "only" had to be worth $260 million. Today, to be the poorest person on that list, you'd need a net worth of around $2 billion.

Billionaire Hedge Fund Manager's Super Yacht Damages Pristine Reef In Belize

Billionaire Hedge Fund Manager's Super Yacht Damages Pristine Reef In Belize

Feb 20, 2020

Billionaire Dan Loeb's 200-foot yacht was anchored off Belize recently when it damaged a part of the pristine Belize Barrier Reef.

What Happens To Mike Bloomberg's Company If He's Elected President?

What Happens To Mike Bloomberg's Company If He's Elected President?

Feb 19, 2020

Should Democratic presidential hopeful Mike Bloomberg find himself in the White House, he might find it a bit difficult to find a buyer for his company Bloomberg LP.

Where Are The Other Three Facebook Founders Today?

Where Are The Other Three Facebook Founders Today?

Feb 19, 2020

Facebook has come a long way since Mark Zuckerberg, Chris Hughes, Eduardo Saverin, and Dustin Moskovitz were college students at Harvard working on a project called The Facebook. We know what Mark has been up to, but what about Hughes, Saverin, and Moskovitz?

Mark Cuban Failed Several Times Times Before Hitting It Big

Mark Cuban Failed Several Times Times Before Hitting It Big

Feb 18, 2020

It just takes one good idea to make it big, but sometimes that good idea takes longer to come along. Just ask Mark Cuban. Sure, today we all know him as a billionaire entrepreneur, but a bit over three decades ago, he was over 30 and coming off a string of failures in business.

Meet The Family Who Made Their Billions Off The Blood Of Poor People

Meet The Family Who Made Their Billions Off The Blood Of Poor People

Feb 18, 2020

If you're short on cash, you can do something called "plassing," that is, giving the plasma in your blood to a blood donation center. Chances are, that center will be owned by the family who is making hundreds of millions each year off the plasma of poor people.

Portugal Freezes Bank Accounts Of Isabel dos Santos In Ongoing Corruption Investigation

Portugal Freezes Bank Accounts Of Isabel dos Santos In Ongoing Corruption Investigation

Feb 17, 2020

The troubles just keep adding up for Isabel dos Santos. Her assets in Angola were frozen. She was charged with money laundering and embezzlement. Now, Portugal has also frozen her many personal and corporate bank accounts.

Meet Miky Lee: The Billionaire Behind Parasite And A $4 Billion South Korean Entertainment Empire

Meet Miky Lee: The Billionaire Behind Parasite And A $4 Billion South Korean Entertainment Empire

Feb 16, 2020

Did you happen to catch the end of the Oscars when the diminutive Korean lady got on stage and started talking about how much she loves Parasite director Bong Joon Ho's hair? That was Miky Lee, who is responsible for everything from K-pop sensation BTS to the Oscar-winning film Parasite.

Billionaire Yusaku Maezawa Is Offering $91 Million To Ten Winners Of His Entrepreneur Contest

Billionaire Yusaku Maezawa Is Offering $91 Million To Ten Winners Of His Entrepreneur Contest

Feb 15, 2020

Eccentric billionaire Yusaku Maezawa recently took to Twitter to announce an "entrepreneur competition," with some $91 million in prize money going to ten lucky winners.

Singapore's Richest Man Made His Fortune With A Chain Of Hot Pot Restaurants

Singapore's Richest Man Made His Fortune With A Chain Of Hot Pot Restaurants

Feb 15, 2020

Hot pot restaurants are a definite craze sweeping the world and this has made Haidilao founder Zhang Yong the richest man in Singapore – and that's no easy feat. It's pretty hard to become a billionaire as a chef or restauranteur, but that's exactly what Zhang has accomplished.

The Rise, Fall, Bankruptcy And Sale Of Forever 21

The Rise, Fall, Bankruptcy And Sale Of Forever 21

Feb 14, 2020

Do Won and Jin Sook Chang's days at the helm of Forever 21, the company they founded in 1981 is winding down. They've been offered $81 million for their bankrupt retail empire.

Fred Koch Is The Oldest Of The Four Koch Brothers – He Spent His Life Avoiding Family Business And Politics Is Dead At 86

Fred Koch Is The Oldest Of The Four Koch Brothers – He Spent His Life Avoiding Family Business And Politics Is Dead At 86

Feb 13, 2020

Frederick Koch, the eldest of the four sons of Fred and Mary Koch, has died. The cause of death is heart failure. He was 86. He spent his life as he wished, which was far removed from the business his father started and his brothers run and the politics they partake in.

Son Of Russia's 11th Richest Man Lives In Tiny $500 A Month Apartment On Outskirts Of Moscow

Son Of Russia's 11th Richest Man Lives In Tiny $500 A Month Apartment On Outskirts Of Moscow

Feb 12, 2020

If you met Alexander Fridman, you wouldn't know that he's the son of the 11th richest person in Russia. He rents a two-room apartment on the outskirts of Moscow for $500 a month. He doesn't get financial help from his dad, but he's far from destitute.

Steve Schwarzman Is The Latest Billionaire To Sign On To The Giving Pledge

Steve Schwarzman Is The Latest Billionaire To Sign On To The Giving Pledge

Feb 10, 2020

Steve Schwarzman's philanthropic pursuits already include more than a billion dollars in giving so far, most of which he has focused on the cause of education.