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.

What's New
Vince McMahon Lost Almost $300 Million On Paper After WWE's Stock Dip

Vince McMahon Lost Almost $300 Million On Paper After WWE's Stock Dip

Nov 6, 2019

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.

Billionaire Steven Schonfeld Reportedly Set To Buy Almost $200 Million Palm Beach Mansion

Billionaire Steven Schonfeld Reportedly Set To Buy Almost $200 Million Palm Beach Mansion

Nov 6, 2019

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."

Reclusive Billionaire Van Der Vorm Family Gets $4 Billion Windfall From Sale Of Eyewear Maker

Reclusive Billionaire Van Der Vorm Family Gets $4 Billion Windfall From Sale Of Eyewear Maker

Nov 5, 2019

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.

Billionaire Harry Macklowe Is Fighting With Ex-Wife Linda Over Almost $1 Billion Worth Of Art

Billionaire Harry Macklowe Is Fighting With Ex-Wife Linda Over Almost $1 Billion Worth Of Art

Nov 5, 2019

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.

Indian Pharma Brothers Blow Through Billions, Arrested On Embezzlement Charges

Indian Pharma Brothers Blow Through Billions, Arrested On Embezzlement Charges

Nov 4, 2019

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.

Billionaire Leonard Tow Seems To Be Disappointed In The Growth Of The Giving Pledge

Billionaire Leonard Tow Seems To Be Disappointed In The Growth Of The Giving Pledge

Nov 3, 2019

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.

24-Year-Old Becomes Overnight Billionaire When Parents Gift Him $3.8 Billion

24-Year-Old Becomes Overnight Billionaire When Parents Gift Him $3.8 Billion

Nov 2, 2019

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.

The 20 Richest Pro Sports Team Owners In The World Right Now

The 20 Richest Pro Sports Team Owners In The World Right Now

Nov 2, 2019

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.

Shady Billionaire Jho Low Will Have To Give Up $900 Million In Assets And Still Stand Trial For Corruption

Shady Billionaire Jho Low Will Have To Give Up $900 Million In Assets And Still Stand Trial For Corruption

Nov 1, 2019

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.

37-Year-Old In-N-Out Heiress Lynsi Snyder Ellingson Is The Youngest American Female Billionaire

37-Year-Old In-N-Out Heiress Lynsi Snyder Ellingson Is The Youngest American Female Billionaire

Oct 30, 2019

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.

Drop In Amazon Stock Pushes Bill Gates' Net Worth Above Jeff Bezos To Reclaim Richest Person In The World Title

Drop In Amazon Stock Pushes Bill Gates' Net Worth Above Jeff Bezos To Reclaim Richest Person In The World Title

Oct 25, 2019

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.

Elon Musk Delivers Testimony That He Is "Financially Illiquid"

Elon Musk Delivers Testimony That He Is "Financially Illiquid"

Oct 25, 2019

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.

Adam Neumann Planned For Family Control Of WeWork For Generations

Adam Neumann Planned For Family Control Of WeWork For Generations

Oct 25, 2019

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.

Fashion Billionaire François Pinault Opening $170 Million Art Museum In Paris

Fashion Billionaire François Pinault Opening $170 Million Art Museum In Paris

Oct 24, 2019

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.

Michael Jordan Opens First Of Two Medical Centers For Low-Income Communities In Charlotte, Established With A $7 Million Donation

Michael Jordan Opens First Of Two Medical Centers For Low-Income Communities In Charlotte, Established With A $7 Million Donation

Oct 24, 2019

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.