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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Vince McMahon Lost Almost $300 Million On Paper After WWE's Stock Dip
McMahon reportedly owns about 41 percent of outstanding WWE stock, which is how he can take such a big hit when those shares see such a significant dip in value.
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Billionaire Steven Schonfeld Reportedly Set To Buy Almost $200 Million Palm Beach Mansion
The massive 84,626-square-foot Palm Beach home is currently owned by Matrix Essentials co-founder Sydell Miller, and goes by the name "La Reverie."
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Reclusive Billionaire Van Der Vorm Family Gets $4 Billion Windfall From Sale Of Eyewear Maker
The Van der Vorm family is one of the richest and most discreet families – they make the Mars family look like amateurs – in their native Netherlands and in the world. Now, they are poised to make up to $4 billion this year from the sale of their eyewear retailer.
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Billionaire Harry Macklowe Is Fighting With Ex-Wife Linda Over Almost $1 Billion Worth Of Art
The divorce between the Macklowes was granted towards the end of last year, but the property disputes between them are ongoing, and at the center of it all is one extremely valuable art collection.
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Indian Pharma Brothers Blow Through Billions, Arrested On Embezzlement Charges
Shivinder and Malvinder Singh were once two of the richest businessmen in India. Now, they've been arrested and accused of embezzling billions from the companies they formerly controlled.
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Billionaire Leonard Tow Seems To Be Disappointed In The Growth Of The Giving Pledge
In a recent acceptance speech for the Carnegie Medal of Philanthropy award, Tow reportedly made an interesting reference to the Giving Pledge that doesn't appear to be altogether positive.
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24-Year-Old Becomes Overnight Billionaire When Parents Gift Him $3.8 Billion
Eric Tse went to bed one night a normal 24-year-old recent college grad. The next morning when he woke up he was a multi-billionaire thanks to a super-generous graduation gift from his parents.
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The 20 Richest Pro Sports Team Owners In The World Right Now
Owning professional sports franchises is a luxury that is exclusive to the billionaires club. The top 20 richest owners of major league sports teams have a combined net worth of nearly $183 billion.
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Shady Billionaire Jho Low Will Have To Give Up $900 Million In Assets And Still Stand Trial For Corruption
Jho Low is a controversial (some might say shady) billionaire accused of masterminding the theft of $4.5 billion from a Malaysian government fund that was designated for economic development. Now, he's forfeited $900 million in assets in the ongoing case against him.
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37-Year-Old In-N-Out Heiress Lynsi Snyder Ellingson Is The Youngest American Female Billionaire
Two and a half years ago, Lynsi Snyder, granddaughter of In-N-Out founders, inherited the family burger business on her 35th birthday. At that time, she was immediately a billionaire with a net worth of $1.26 billion. Since then, the company has flourished under her watch.
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Drop In Amazon Stock Pushes Bill Gates' Net Worth Above Jeff Bezos To Reclaim Richest Person In The World Title
There's been a shakeup at the top of the list of the wealthiest people in the world. Amazon's stock fell 7% Friday morning to $1,695 per share as a result of the company's third-quarter earnings report, which was released Thursday.
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Elon Musk Delivers Testimony That He Is "Financially Illiquid"
Musk has delivered sworn testimony to Unsworth's attorneys claiming he's "financially illiquid," running low on both actual cash and assets that could easily be converted to cash.
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Adam Neumann Planned For Family Control Of WeWork For Generations
Adam Neumann isn't having a good year. It wasn't all that long ago that he was CEO of the company he co-founded, had a multi-billion paper net worth, and was eyeing a lucrative IPO that would make him even wealthier. When WeWork filed for its now-canceled IPO, a few things stuck out.
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Fashion Billionaire François Pinault Opening $170 Million Art Museum In Paris
Once the museum opens, it will be the second art museum in Paris fully funded by a billionaire art collector, the first being Bernard Arnault's Fondation Louis Vuitton.
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Michael Jordan Opens First Of Two Medical Centers For Low-Income Communities In Charlotte, Established With A $7 Million Donation
In his remarks, Jordan talked about his close ties to "Illinois and other places" but said that North Carolina is "where it all begins" for where he is today.