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
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.

Meet 100-Year-Old Chang Yun Chung, The World's Oldest Billionaire

Meet 100-Year-Old Chang Yun Chung, The World's Oldest Billionaire

Dec 9, 2018

Chang was still active in the shipping business until "only recently," finally slowing down as head of his Pacific International Lines after nearly 70 years in the shipping business.

"Billionaire Bookie" Denise Coates Scored Record $281 Million In Pay Last Year

"Billionaire Bookie" Denise Coates Scored Record $281 Million In Pay Last Year

Dec 7, 2018

Coates' pay for last year puts her at the top of UK executives in terms of compensation, and represents an increase of about ten percent, compared to what she made the year before.

From Oil Wildcatter To Reality TV Star To Potential Billionaire

From Oil Wildcatter To Reality TV Star To Potential Billionaire

Dec 7, 2018

In 1996, Autry Stephens struck out on his own to pursue riches in the oil industry via his Big Dog Drilling Co. He had just one rig. Now, 22 years later, he owns the largest closely-held oil producer by production volume in Texas, with a valuation of $15 billion.

Saudi Crown Prince Mohammed bin Salman Has Reportedly "Misplaced" A $450 Million Painting He Bought Last Year

Saudi Crown Prince Mohammed bin Salman Has Reportedly "Misplaced" A $450 Million Painting He Bought Last Year

Dec 6, 2018

The disappearance is only the latest chapter in Salvator Mundi's long, complicated history, that has seen it go from an overpainted, virtually worthless mess to a genuine, authenticated da Vinci.

Insanely High Death Tax Keeps LG Heir Out Of Billionaire's Club

Insanely High Death Tax Keeps LG Heir Out Of Billionaire's Club

Dec 6, 2018

Koo Kwang-mo took the helm of his family's business after his father died in May. Koo inherited his father's 8.8% stake in LG, giving him 15% of the company. His holding is valued at $1.55 billion. He lives in South Korea, and the inheritance or "death" tax is one of the highest in the world.