Billionaire News

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Ex-Wife Of Russian Billionaire Collects First Part Of  $572 Million Settlement

Ex-Wife Of Russian Billionaire Collects First Part Of  $572 Million Settlement

Dec 24, 2018

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 Built A Beach Access App To Make Up For His Awful Wedding

Sean Parker Built A Beach Access App To Make Up For His Awful Wedding

Dec 23, 2018

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.

Giving Away Billions Of Dollars Is Harder Than You May Think

Giving Away Billions Of Dollars Is Harder Than You May Think

Dec 22, 2018

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 And Debra Perelman Donate $65 Million To Princeton. Why Doesn't That Seem Like A Lot Of Money?

Ronald And Debra Perelman Donate $65 Million To Princeton. Why Doesn't That Seem Like A Lot Of Money?

Dec 22, 2018

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.

A Late Night Phone Call From Warren Buffett Might Have Saved The US From Another Depression

A Late Night Phone Call From Warren Buffett Might Have Saved The US From Another Depression

Dec 21, 2018

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.

Tesla Suing Ex-Employee For $167M In Damages For Alleged Sabotage

Tesla Suing Ex-Employee For $167M In Damages For Alleged Sabotage

Dec 21, 2018

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.

The Super Wealthy Huawei Dynasty: A Debutante Ball, 3 Marriages, An Arrest And Possible Extradition

The Super Wealthy Huawei Dynasty: A Debutante Ball, 3 Marriages, An Arrest And Possible Extradition

Dec 21, 2018

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.

The Rise And Fall Of Chinese Billionaire Ye Jianming, Who Built A $44 Billion House Of Cards

The Rise And Fall Of Chinese Billionaire Ye Jianming, Who Built A $44 Billion House Of Cards

Dec 20, 2018

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.

15 Heirs And Heiresses To The Biggest American Brands And Fortunes

15 Heirs And Heiresses To The Biggest American Brands And Fortunes

Dec 19, 2018

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.

Las Vegas Casino Owner With Ties To President Trump Expands Gaming Empire To Miami

Las Vegas Casino Owner With Ties To President Trump Expands Gaming Empire To Miami

Dec 15, 2018

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.

More Details Of The Rape Allegations Against Billionaire Richard Liu Surface. Could Criminal Charges Be Filed Soon?

More Details Of The Rape Allegations Against Billionaire Richard Liu Surface. Could Criminal Charges Be Filed Soon?

Dec 12, 2018

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.

Billionaire Patagonia Founder Pledges Company's Tax Cut Savings To Fight Climate Change

Billionaire Patagonia Founder Pledges Company's Tax Cut Savings To Fight Climate Change

Dec 12, 2018

The $10 million in extra Patagonia profits will go towards "groups defending our air, water and land," as well as support for the regenerative organic agriculture movement.

Ten Books That Changed Ten Billionaires' Lives

Ten Books That Changed Ten Billionaires' Lives

Dec 11, 2018

Some of the most famous billionaires today have made it a point to share what the most important books of their lives have been.

Billionaire Mother And Son Duo Lose HALF Their Net Worth In The Last 12 Months

Billionaire Mother And Son Duo Lose HALF Their Net Worth In The Last 12 Months

Dec 10, 2018

Georg Schaeffler and his mother, Maria-Elisabeth Schaeffler-Thumann, have been one of Germany's richest families for years. However, over the course of 2018, their net worth has declined by about $16 billion – which is more than half of their combined wealth.

Highest Earning CEO In UK Is Female Head Of Betting Firm

Highest Earning CEO In UK Is Female Head Of Betting Firm

Dec 10, 2018

Denise Coates is the founder and co-CEO of UK betting firm Bet365.com. She earned $279 million in 2017, making her the highest-paid executive in the UK and the highest-earning female CEO in the world.

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