Billionaire News

Stay updated on the world's wealthiest individuals. Read the latest on billionaire business moves, secret fortunes, and the financial empires of the 0.001%.

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Uncle Of Baby Shark Family Becomes Billionaire Thanks To MLB Licensing Deal

Uncle Of Baby Shark Family Becomes Billionaire Thanks To MLB Licensing Deal

Feb 4, 2020

Baby Shark's Kim Min-seok's uncle, Chang-soo Kim, and his family have a net worth of around $1 billion thanks to their 54% stake in F&F Co., and the company's lucrative Major League Baseball licensing deal.

How The Cox Family Became One Of The Wealthiest Families On The Planet, With A Combined Net Worth of $33.6 Billion

How The Cox Family Became One Of The Wealthiest Families On The Planet, With A Combined Net Worth of $33.6 Billion

Feb 1, 2020

The 25 richest families in the world have a combined net worth of $1.1 trillion. The Cox family is the 14th-wealthiest family in the world with a combined $33.6 billion net worth.

Clark Hunt Takes Kansas City Chiefs To Super Bowl For First Time Since The 1969 Season

Clark Hunt Takes Kansas City Chiefs To Super Bowl For First Time Since The 1969 Season

Jan 31, 2020

It has been 50 years since the Kansas City Chiefs have made it to the Super Bowl. This Sunday, the team is heading to Miami to face off against the San Francisco 49ers in Super Bowl LIV thanks to the leadership of team owner Clark Hunt.

L.A.'s Highest Property Taxes: Detroit Pistons Owner Tom Gores' $100 Million Holmby Hills Mansion

L.A.'s Highest Property Taxes: Detroit Pistons Owner Tom Gores' $100 Million Holmby Hills Mansion

Jan 28, 2020

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.

Billionaire Jaime Botín Sentenced To 18 Months In Jail And A $58M Fine For Smuggling A Stolen Painting

Billionaire Jaime Botín Sentenced To 18 Months In Jail And A $58M Fine For Smuggling A Stolen Painting

Jan 23, 2020

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.

Billionaire Larry Ellison Is Raking In The Cash On His $1 Billion Tesla Bet

Billionaire Larry Ellison Is Raking In The Cash On His $1 Billion Tesla Bet

Jan 20, 2020

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.

Japanese Billionaire Looking For Single Woman To Go To The Moon With Him On SpaceX Rocket

Japanese Billionaire Looking For Single Woman To Go To The Moon With Him On SpaceX Rocket

Jan 17, 2020

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.

LA's Highest Property Tax: Beyoncé And Jay-Z's House

LA's Highest Property Tax: Beyoncé And Jay-Z's House

Jan 17, 2020

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.

Angolan Billionaire Isabel dos Santos' Assets Frozen In Crackdown Against Father's Corrupt Government

Angolan Billionaire Isabel dos Santos' Assets Frozen In Crackdown Against Father's Corrupt Government

Jan 16, 2020

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.

Fashion Billionaire Yusaku Maezawa Announces $9 Million Giveaway "Social Experiment"

Fashion Billionaire Yusaku Maezawa Announces $9 Million Giveaway "Social Experiment"

Jan 15, 2020

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.

LA's Highest Property Taxes: 25040 Pacific Coast Highway

LA's Highest Property Taxes: 25040 Pacific Coast Highway

Jan 15, 2020

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.

If You Want To Be Rich Live Frugally – Like These 6 Frugal Billionaires

If You Want To Be Rich Live Frugally – Like These 6 Frugal Billionaires

Jan 14, 2020

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.

How WorldCom CEO Bernard Ebbers Went From Billionaire Telecom Cowboy To Broke, Convicted Felon

How WorldCom CEO Bernard Ebbers Went From Billionaire Telecom Cowboy To Broke, Convicted Felon

Jan 13, 2020

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.

California Sues Billionaire Vinod Khosla Over Beach Access

California Sues Billionaire Vinod Khosla Over Beach Access

Jan 11, 2020

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.

William Belo Becomes Billionaire Through Crocodile Farming And Home Improvement

William Belo Becomes Billionaire Through Crocodile Farming And Home Improvement

Jan 10, 2020

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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