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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L.A.'s Highest Property Taxes: Detroit Pistons Owner Tom Gores' $100 Million Holmby Hills Mansion
Today, we're talking about the $100 million Holmby Hills mansion of Detroit Pistons owner Tom Gores. Gores bought his 10 bedroom, 20 bathroos, 30,000 square foot mansion on 3.2 acres in 2016 for $100 million. His property tax bill is $1.22 million annually.
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Billionaire Jaime Botín Sentenced To 18 Months In Jail And A $58M Fine For Smuggling A Stolen Painting
Botín still has the option to appeal the sentence, but it's also unlikely he will actually see any jail time, thanks to a law in Spain that usually suspends prison sentences for first-time, non-violent offenders.
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Billionaire Larry Ellison Is Raking In The Cash On His $1 Billion Tesla Bet
Larry Ellison made a $1 billion bet on Tesla in late 2018. Now, he's making a killing on that bet as Tesla stocks have been on a serious rally lately.
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Japanese Billionaire Looking For Single Woman To Go To The Moon With Him On SpaceX Rocket
Calling all the single ladies! Now is your chance to go on an out of this world (literally) date with a billionaire. Yusaka Maezawa is a Japanese billionaire who paid SpaceX for a trip around the Moon in 2023. Now, he's looking for a lady to go with him.
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LA's Highest Property Tax: Beyoncé And Jay-Z's House
It took Beyonce and Jay-Z awhile to find their Los Angeles home but when they did, they spared no expense. Beyoncé and Jay-Z dropped $88 million on a modern estate in Bel Air that comes with a hefty property tax bill annually.
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Angolan Billionaire Isabel dos Santos' Assets Frozen In Crackdown Against Father's Corrupt Government
A few weeks ago, an Angolan court issued an order to freeze the assets of billionaire Isabel dos Santos and her husband, Sindika Dokolo, due to a crackdown on the family of the former president of Angola.
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Fashion Billionaire Yusaku Maezawa Announces $9 Million Giveaway "Social Experiment"
Japanese fashion billionaire Yusaku Maezawa wants to find out if money really can buy happiness. And he's doing it by giving a $9 million chunk of his fortune away to 1,000 of his Twitter followers.
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LA's Highest Property Taxes: 25040 Pacific Coast Highway
In 2018, a minimalist mansion on the Pacific Coast Highway in Malibu sold to Edmonton Oilers owner Daryl Katz for $85 million. This home carries an annual property tax bill of $1.01 million.
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If You Want To Be Rich Live Frugally – Like These 6 Frugal Billionaires
The six billionaires highlighted in this article have a few things in common. For one thing, they are billionaires and among the wealthiest people on earth. They are also, in varying degrees, pretty frugal – especially considering their net worths.
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How WorldCom CEO Bernard Ebbers Went From Billionaire Telecom Cowboy To Broke, Convicted Felon
Bernard "Bernie" Ebbers was sent to prison in 2006 after being found guilty of one of the biggest financial frauds of the 20th century. Now, he's being released early, due to suffering from dementia after serving a little over half of his 25-year sentence. Some people think he's faking it.
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California Sues Billionaire Vinod Khosla Over Beach Access
Billionaire Vinod Khosla has been fighting for the right to close access to Martin's Beach since he bought the 89-acre property adjacent to the beach in 2008 for $32.5 million. Now, the state of California is suing him.
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William Belo Becomes Billionaire Through Crocodile Farming And Home Improvement
William Belo started his fortune with the Filippino version of the Home Depot – Wilcon Depot. He grew it by buying a crocodile farm. Today, he makes at least $500,000 annually just from selling the croc skins and is a billionaire.
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Kind Bar Founder Becomes Billionaire By Championing Random Acts Of Kindness
Daniel Lubetzky is the 51-year-old founder of Kind Healthy Snacks. The company has $800 million in sales and is worth about $2.9 billion. Lubetzky is the majority owner of Kind Healthy Snacks, which gives him a net worth of $1.5 billion.
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In Blog Post, Bill Gates Says His Wealth Is Proof That The System Isn't Fair
In a recent post on his personal blog commemorating the new year, Gates shared his thoughts and ideas on the subject of "how we can make our tax system more fair."
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A Decade Before The WeWork Disaster, Masayoshi Son Lost More Money Personally Than Any Human, Ever
Some people just have a knack for making bad choices. Chances are you have a friend or family member like this. Masayoshi Son, the founder and Chairman of Softbank is one of these people