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.

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How The Hearst Family Became One Of The Wealthiest Families On The Planet With A Combined Net Worth of $24.5 Billion

How The Hearst Family Became One Of The Wealthiest Families On The Planet With A Combined Net Worth of $24.5 Billion

Nov 28, 2018

The 25 richest families in the world have a combined net worth of $1.1 trillion. The Hearst family is the 23rd wealthiest family in the world, with a combined $24.5 billion net worth.

A Robot That Can Perform Spine Surgery Created A Billionaire

A Robot That Can Perform Spine Surgery Created A Billionaire

Nov 28, 2018

One of the most fascinating things about billionaires is the myriad ways they attain their membership in the 10+ figure club. Take David C. Paul, for instance. He founded a company that has a robot that performs spine surgery.

Billionaire Joe Lewis Sells Hockney Painting For Record $90.3 Million

Billionaire Joe Lewis Sells Hockney Painting For Record $90.3 Million

Nov 27, 2018

The painting's sale for $90.3 million – in addition to representing a strong profit for Lewis – also makes Hockney "the most expensive living artist at auction."

Chinese Billionaire Li Shufu Moves From Cars To Supersonic Trains

Chinese Billionaire Li Shufu Moves From Cars To Supersonic Trains

Nov 26, 2018

In addition to flying cars and supersonic trains, Li has also invested in technology like low-orbit satellites and microchips in recent years.

Meet The Two Hidden Billionaires Who Own Michael Kors, Jimmy Choo And Now Versace

Meet The Two Hidden Billionaires Who Own Michael Kors, Jimmy Choo And Now Versace

Nov 26, 2018

Two men are transforming the fashion industry. Tommy Hilfiger, Jimmy Choo, Michael Kors, and Versace are all owned, or have been owned, in the past by Silas Chou and Lawrence Stroll. Now, they have added Versace to their fashion portfolio.

Dan Gilbert Selling Detroit Casino For $1 Billion

Dan Gilbert Selling Detroit Casino For $1 Billion

Nov 23, 2018

Gilbert purchased Greektown back in 2013, as part of a wider effort to revitalize downtown Detroit, in which he owns several other businesses.

Would The NFL Be Better If So Many Owners Hadn't Inherited Their Teams?

Would The NFL Be Better If So Many Owners Hadn't Inherited Their Teams?

Nov 23, 2018

Would the NFL be in better shape today – better equipped to deal with the changing times – if all of their owners (or even most) had successful careers before buying their NFL franchise? Would the NFL be better if all the owners earned their teams instead of inheriting them?

Facebook's Troubles Have Shed $31 Billion (And Counting) From Mark Zuckerberg's Net Worth

Facebook's Troubles Have Shed $31 Billion (And Counting) From Mark Zuckerberg's Net Worth

Nov 19, 2018

Mark Zuckerberg saw his personal fortune drop to $55.3 billion, a loss of more than $31 billion since his own personal financial peak in July of this year.

SAP Buying A Company Called Qualtrics For $8 Billion Just Turned This Family Into Billionaires

SAP Buying A Company Called Qualtrics For $8 Billion Just Turned This Family Into Billionaires

Nov 17, 2018

Can you imagine having $8 billion in cash to buy a pre-IPO software company? That's what SAP just did when it acquired the survey software company Qualtrics just before its planned IPO. Qualtrics is a direct competitor of SurveyMonkey, which had its IPO in September.

Who Paid The Largest Individual Tax Bill Of All Time?

Who Paid The Largest Individual Tax Bill Of All Time?

Nov 16, 2018

No one likes paying income tax. As the old song goes, we work hard for our money. What's the worst tax bill you've ever gotten? Who paid the highest tax bill of all time?

Billionaire Oligarch Dmitry Rybolovlev Detained In Monaco

Billionaire Oligarch Dmitry Rybolovlev Detained In Monaco

Nov 16, 2018

Dmitry Rybolovlev is a Russian billionaire and the owner of Monaco's soccer club. He's been detained for questioning in Monaco in relation to a corruption case according to the Le Monde newspaper.

El Chapo's 70-Year-Old Partner Zambada Garcia Is Worth $3 Billion, Remains In Charge Of Sinaloa Cartel

El Chapo's 70-Year-Old Partner Zambada Garcia Is Worth $3 Billion, Remains In Charge Of Sinaloa Cartel

Nov 15, 2018

The business that reportedly serve as fronts for the Sinaloa Cartel include a water park, and even a daycare center allegedly managed by Mayo's daughter Maria Teresa.

Billionaire's Dying Wish Was To Find A Cure For Alzheimer's And Other Brain Diseases

Billionaire's Dying Wish Was To Find A Cure For Alzheimer's And Other Brain Diseases

Nov 14, 2018

Richard Rainwater was a billionaire and a legendary investor who had his hands in everything from entertainment to real estate to health care. In 2009, he was diagnosed with a rare brain disease, so he set out to fund the people who could find a cure.

Bill Gates Wants To Save $233 Billion A Year Through Toilet Research

Bill Gates Wants To Save $233 Billion A Year Through Toilet Research

Nov 14, 2018

Gates recently spoke at the "Reinvented Toilet Expo" to talk about innovations he's investing in that he thinks can save some $233 billion a year.

Little-Known Hong Kong Billionaire Karen Lo Has Quietly Amassed Enormous American Real Estate Portfolio

Little-Known Hong Kong Billionaire Karen Lo Has Quietly Amassed Enormous American Real Estate Portfolio

Nov 13, 2018

Over the past 18 months, a little-known billionaire from Hong Kong has spent more than $200 million on luxury real estate from Malibu to Manhattan.