Billionaire News | Celebrity Net Worth

Billionaire Jack Dorsey is a riddle of sorts. On one hand, he's very open, yet on the other, he's notoriously close-lipped. Since 2015, he's run two of Silicon Valley's hottest tech companies. In that same time period, his charitable foundation has basically disappeared. What gives?

On the same day that Povlsen saw his almost $600 million drop, fellow fashion billionaires Amancio Ortega and Stefan Persson saw even bigger losses, at $1.8 billion and $1.1 billion, respectively.

Facebook is not having a good year. Russian election interference, user data breaches, and the departure of executives has delivered a $15 billion blow to Mark Zuckerberg's net worth in 2018.

In the art world, it is said that there are "three Ds" that send masterpieces to the auction block: death, debt, and divorce. The billion-dollar divorce of Harry and Linda Macklowe is causing the dissolution of their extensive art collection.

Remember Russian billionaire Farkhad Akhmedov? He's the 'charmer' who went out of his way to hide is money and assets from his wife during their divorce. He's also fought tooth and nail to not pay her a settlement. Fortunately for Tatiana, the courts sided with her.

Sean Parker's 2013 wedding caused a flurry of negative press. To make up for that, he created a beach access app for the California Coastal Commission.

In short: "the fact that there's an urgent need for $50,000, or $100,000, doesn't mean that there's a good opening to spend $2 billion."

Ronald Perelman and his daughter Debra just donated $65 million to Princeton. That is a huge sum of money. At the same time, it sort of pales in comparison to other donations by billionaires to institutions of higher learning.

The call came shortly after Congress had passed the Emergency Economic Stabilization Act, which allowed for a $700 billion "bailout" fund for buying assets from banks.

The lawsuit was filed back in June, and alleges that Tripp exported illegal data and made false statements to the press in his position as a Tesla process engineer.

Meng Wanzhou is the CFO of electronics firm Huawei. She was recently arrested in Canada. The event put the Chinese mobile and telecommunications giant into the spotlight of Westerners. Huawei is the second largest smartphone maker in the world.

In the mid-1990s, Ye Jianming had a job working in the forest. Twenty years later, he ran a $44 billion business empire. Today, he is reportedly under investigation by the Chinese government while his empire crumbles. Oh, and no one has seen him since March.

Nike, Walmart, In-N-Out, Dell, Ralph Lauren, Tommy Hilfiger – these are just a few of the iconic American companies and brands that will be inherited by the next generation of moguls and tycoons.

Phil Ruffin, a long-time Las Vegas casino owner, is expanding to Miami. It was announced this week that he purchased Casino Miami, which is located on the northwest corner of Miami International Airport. He told the Miami Herald that he plans to bring Las Vegas to Florida.

Billionaire Richard Liu was arrested on the night of August 31stand held for about 17 hours before being released with no charges filed against him. He returned to China almost immediately. Now, the gory details of the alleged events of that night have surfaced.