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
David Rockefeller Jr. Says He Didn't Know He Was Rich Until Other Kids At School Told Him

David Rockefeller Jr. Says He Didn't Know He Was Rich Until Other Kids At School Told Him

Apr 29, 2018

David Jr. recently shared some childhood memories: "I actually had other people in school telling me I was a wealthy person. I didn't know my family was wealthy… I didn't personally feel rich, so I disagreed with them."

Huge Demand For Tutors Turned This Math Teacher Into A Billionaire

Huge Demand For Tutors Turned This Math Teacher Into A Billionaire

Apr 29, 2018

People don't generally become teachers to become billionaires. However, that is exactly what has happened to a 36-year-old math teacher named Liu Yachao.

A Billionaire Wants To Split California Into Three Separate States

A Billionaire Wants To Split California Into Three Separate States

Apr 28, 2018

Oh, the Silicon Valley billionaires. They are so unique. Somehow these tech moguls and venture capitalists got it into their heads that having oodles of money legitimizes their insane ideas.

Russian Billionaire Farkhad Akhmedov Reportedly Loses $492M Yacht To Ex-Wife In Divorce

Russian Billionaire Farkhad Akhmedov Reportedly Loses $492M Yacht To Ex-Wife In Divorce

Apr 27, 2018

Befitting its place in the center of one of the most expensive divorces in UK history, the Luna is a nine-deck, 50-crew-member yacht, with a 20-meter outdoor swimming pool, eight smaller boats and a mini-submarine.

Welcome To The Billionaires Club Larry Fink!

Welcome To The Billionaires Club Larry Fink!

Apr 26, 2018

BlackRock CEO Larry Fink and his team manage more than $6 trillion in assets. He's also the newest member of the billionaire's club!

Michael Bloomberg To Write Check For U.S. Commitment To The Paris Climate Agreement

Michael Bloomberg To Write Check For U.S. Commitment To The Paris Climate Agreement

Apr 25, 2018

Billionaire Michael Bloomberg is putting his money where his mouth is. He has pledged to write a check for $4.5 million to cover the United States' financial commitment for this year to the Paris Climate Agreement.

From Darling Of Davos To Blacklisted: The Fall Of Russian Billionaire Oleg Deripaska

From Darling Of Davos To Blacklisted: The Fall Of Russian Billionaire Oleg Deripaska

Apr 23, 2018

Oleg Deripaska threw a lavish party at Davos in January with champagne and performances by Enrique Iglesias and Russian folk dancers. Now, just a few months later, the Russian oligarch is on an international blacklist and barred from doing business in Western economies.

People Who Became Billionaires In A Short Period Of Time

People Who Became Billionaires In A Short Period Of Time

Apr 22, 2018

It seems like it would take a lifetime to make a billion dollars or more. Not so anymore, in our era of tech companies and internet startups. The billionaire who took the longest to make a billion only took six years to do it!

Bill Gates Invests In $1 Billion Project To Surround The Earth With Livestreaming Satellites

Bill Gates Invests In $1 Billion Project To Surround The Earth With Livestreaming Satellites

Apr 21, 2018

The company's press release does not disclose exactly how much scratch Gates or any of the other investors are putting into EarthNow, but the company's founder and CEO recently said that the project's total cost will be about a billion dollars.

Hedge Fund Manager Hit With $1 BILLION Tax Bill After Loophole Was Unexpectedly Closed

Hedge Fund Manager Hit With $1 BILLION Tax Bill After Loophole Was Unexpectedly Closed

Apr 20, 2018

No one likes paying taxes, but one man has one billion reasons to dislike the IRS this year.

Billionaire Banking Heir Matthew Mellon Dies In Rehab

Billionaire Banking Heir Matthew Mellon Dies In Rehab

Apr 19, 2018

Billionaire banking heir Matthew Mellon has died at age 54, reportedly while a patient at a drug rehab center in Cancun. He is survived by his ex-wives, Jimmy Choo founder Tamara Mellon and fashion designer Nicole Hanley, and his children Minty, Olympia, and Force.

New TV Show Drops Billionaires In Random, City Challenges Them To Make It Again

New TV Show Drops Billionaires In Random, City Challenges Them To Make It Again

Apr 19, 2018

There's a new TV show in production at Discovery that is sort of like a "Survivor" for billionaires. The show is called "Undercover Billionaire." In it, a self-made billionaire is dropped off in a random city with just a few dollars in his pocket and the drive to build a new business.

Billionaire Stephen Ross Claims Getting Fired Was The Best Thing To Ever Happen To Him

Billionaire Stephen Ross Claims Getting Fired Was The Best Thing To Ever Happen To Him

Apr 18, 2018

After getting the boot from securities brokerage firm Laird and then again from Bear Stearns, he borrowed ten grand from his mother and made the most of it, starting up his own real estate company, The Related Companies.

Warren Buffett's 10 Rules To Get Rich

Warren Buffett's 10 Rules To Get Rich

Apr 18, 2018

Let's take a look at Warren Buffett's 10 Rules To Get Rich. Who knows, maybe one of us will learn something that inspires us to go out and make billions!

Russian Billionaires Lose $16 Billion In One Day Amid Sanctions

Russian Billionaires Lose $16 Billion In One Day Amid Sanctions

Apr 18, 2018

Monday was not a good day to be a Russian billionaire. The country's wealthiest people saw their combined net worth fall by $16 billion on April 9th.