Billionaire News | Celebrity Net Worth

It is the end of an era at Southwest Airlines. Herb Kelleher, the co-founder and longtime CEO of the airline has died at the age of 87.

It's not known whether Apple's recent performance has caused Buffett to rethink his widely reported enthusiasm for the company.

Armstrong says his future philanthropic endeavors will operate under the maxim "The greatest good you can do for another is not just to share your riches, but to reveal to him their own."

Billionaire Stan Perron was 96 years old when he died, and the Stan Perron Charitable Foundation will from now on be run by his daughter, who is 52.

Virgin founder Richard Branson took to his personal blog to make a prediction about the future, and it may be a comforting one for those stuck in overbearing office jobs.

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?

The 25 richest families in the world have a combined net worth of $1.1 trillion. The Duncan Family is the 21st-wealthiest family in the world, with a combined $26 billion net worth.

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.