billionaires

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Warren Buffett Becomes 6th Guy to Join Elite Group

Berkshire Hathaway chair can now claim $100B to his name

(Newser) - Tired: becoming a billionaire. Wired: entering the $100 billion club. Now in the latter category is Warren Buffett, who on Wednesday joined an elite group of five—Bill Gates, Elon Musk, Jeff Bezos, Mark Zuckerberg, and LVMH Chair Bernard Arnault—who've been able to claim that benchmark amount in...

Want to Go on SpaceX Flight to the Moon? He's Paying

Japanese billionaire Yusaku Maezawa launches contest for 8 to ride with him to lunar orbit in 2023

(Newser) - It's a Frank Sinatra song come to life, courtesy of a billionaire. In 2018, tycoon and art collector Yusaku Maezawa, founder of Japanese online fashion mall Zozotown, was announced as the first signed passenger aboard SpaceX's Starship rocket, set to fly to the moon sometime in 2023. At...

Democrats Unveil 'Ultra-Millionaire Tax Act'

Warren says it's popular with voters on both sides

(Newser) - When Sen. Elizabeth Warren proposed a tax on the ultra-rich during her 2020 campaign, analysts said it would raise around $2.75 trillion. The richest Americans have grown so much richer during the pandemic that the estimate is now more than $3 trillion. Warren and two House Democrats, Reps. Pramila...

Jesse Ventura: It's Time for a 'Maximum Wage'

$12M a year is enough for anyone, former governor and wrestler says

(Newser) - "There shouldn't be one billionaire," former Gov. Jesse Ventua says. "There shouldn't be one person worth a billion dollars." He has a plan to take care of that, per LADbible . "Everybody talks about a minimum wage, a minimum wage, a minimum wage—I...

Next-Door Neighbors in Bizarre Feud, Billionaire-Style
Billionaire Offers to End 'Petty'
$1M Fight. Foe Says Nope
in case you missed it
Dec 12, 2020 12:10 PM CST

Billionaire Offers to End 'Petty' $1M Fight. Foe Says Nope

It's all over an expensive lawn sculpture Pimco co-founder erected in his yard in Laguna Beach

(Newser) - "I do not willingly back down from a fight," says billionaire Bill Gross, who's engaged in a legal battle with his Laguna Beach neighbor over a $1 million lawn sculpture. But even the Pimco co-founder says he's had enough of this "petty" disagreement amid a...

Earth Has a New 2nd-Richest Person
Earth Has a New
2nd-Richest
Person
Nov 24, 2020 12:03 AM CST

Earth Has a New 2nd-Richest Person

Elon Musk surpasses Bill Gates

(Newser) - Elon Musk is now the second-richest person in the world. The Tesla and SpaceX founder has, for the first time, surpassed Bill Gates' net worth of $127.7 billion, Bloomberg reports. Musk, 49, is now worth $127.9 billion, after the latest surge in Tesla's share price; his net...

Elon Musk to Become Earth&#39;s 3rd Richest Person
It's a Very
Good Day for
Elon Musk
Nov 17, 2020 7:37 AM CST

It's a Very Good Day for Elon Musk

Tesla CEO is about to become 3rd-richest person on the planet as his company joins S&P 500

(Newser) - Tesla and SpaceX CEO Elon Musk is set to overtake Facebook CEO Mark Zuckerberg as the world's third-richest person on Tuesday. Tesla's stock closed just above $408 on Monday but jumped 14% in after-hours trading following news that the company will join the S&P 500 index on...

Trump Acknowledged a Debt of $400M. It's Much Higher

But 'Forbes' also notes he has significant assets and has a net worth of $2.5B

(Newser) - The subject of President Trump's debt surfaced at his town hall Thursday night, and he didn't deny a figure of $400 million raised by NBC's Savannah Guthrie. "It's a tiny percentage of my net worth," Trump said. "$400 million is a peanut,"...

'James Bond of Philanthropy' Has Gone 'Broke'

Billionaire Chuck Feeney inspired Warren Buffett's giving

(Newser) - Chuck Feeney made billions after co-founding airport retailer Duty Free Shoppers in 1960. He's been "living a life of monklike frugality" ever since, according to Forbes , which reports the world is better for it. The "James Bond of philanthropy" has anonymously donated more than $8 billion to...

Billionaire Barred From Buying Himself Nice Things

It's a 'humbling turn of events' for Chen Feng

(Newser) - A life without first-class flights, luxury hotels, and weekends at the golf course. For most of us, that sounds like business as usual. For Chen Feng, it's "a humbling turn of events," reports the New York Times . Chen is both a billionaire and the co-founder and chairman...

Zoom's Founder Now Among Richest Americans

Eric Yuan's wealth is up more than 300% this year

(Newser) - Zoom founder Eric Yuan has lost billions of dollars in the slump in tech stocks over recent days—but he's still among the richest people in America. The videoconferencing firm CEO is a new entry on the Forbes list of the 400 richest Americans, coming in at No. 43,...

An American Has Become the Richest Woman on Earth

Surge in tech stocks raises MacKenzie Scott's wealth to $68B

(Newser) - The recent surge in tech stock prices has shaken up the rankings of the world's billionaires—and made MacKenzie Scott the richest woman on the planet, thanks to the 4% stake in Amazon she received in her 2019 divorce from Jeff Bezos. Her estimated net worth of $68 billion...

The Rich(est) Keep Getting Richer
Elon Musk
Joins an Elite Club
Aug 27, 2020 1:08 PM CDT

Elon Musk Joins an Elite Club

He is now one of 4 'centibillionaires' on the planet

(Newser) - MacKenzie Scott may just become the world's richest woman after all . Her ex-husband, Amazon CEO Jeff Bezos, should be celebrating, too. Bezos' wealth topped $200 billion on Wednesday as shares in the e-commerce giant hit a record. As Bloomberg reports, the climb brings Scott "to the brink of...

Tim Cook Enters the 'Three-Comma Club'

Apple's CEO has just become a billionaire

(Newser) - Don't think of Tim Cook as obscenely rich? Well, he is Apple's CEO, and he's now in the billionaire's club. That's according to a Bloomberg News analysis of his compensation and years of Apple stock awards that pay out gradually. His 847,969 shares (about...

Elon Musk Is Now the 7th Richest Person in World

He surpasses Warren Buffett on billionaires list

(Newser) - Elon Musk is now worth more than Warren Buffett, making the Tesla CEO the seventh-richest person on the planet, according to Bloomberg 's Billionaire Index. Musk, who also runs SpaceX and the Boring Company, is now worth $70 billion, still pretty far behind the No. 1 on the list,...

Some PPP Loan Recipients Are a Little Surprising
Some PPP Loan Recipients
Are a Little Surprising
the rundown
Jul 7, 2020 9:55 AM CDT

Some PPP Loan Recipients Are a Little Surprising

Kanye West, sculptor Jeff Koons, and the Church of Scientology are on the list

(Newser) - The Treasury Department has released the names of everyone who got a loan bigger than $150,000 through the PPP—the Paycheck Protection Program designed to help businesses weather the pandemic. While millions of small companies were helped by the loans, which can be forgiven if the money is used...

The World's Richest Person Is Now Richer Than Ever

The Amazon founder is worth a staggering amount of money

(Newser) - Get a raise last year? Jeff Bezos saw his gains go up, too—by $56.7 billion, which makes the world's richest person literally richer than ever, Bloomberg reports. His wealth rose along with a 4.4% surge in Amazon stock, which put shares at a record $2,878....

Explorer Finds 'Evidence' in Murdered Billionaire's House

The urban explorer says 'there was stuff everywhere' in Barry and Honey Sherman's home

(Newser) - A so-called "urban explorer" crept into the house of a murdered billionaire couple last year and saw a lot more than he bargained for, the Toronto Star reports. The explorer, who remains unidentified, slipped into Barry and Honey Sherman's home in Toronto just before it was demolished last...

Forbes Redid the Numbers. It's Bad News for Kylie Jenner

Magazine says it has concluded 22-year-old 'is not a billionaire'

(Newser) - Remember all the hubbub last year over Kylie Jenner's ascension to the crown of "youngest ever self-made billionaire" at age 21? That title just got yanked by Forbes , which has removed her from its famous ranking of billionaires after looking more closely at what it now calls her...

After a Humble Start, He Made a Bigger Vegas
'King of Gambling'
Is Dead at 98
obituary
May 26, 2020 11:18 AM CDT

'King of Gambling' Is Dead at 98

Though Macau tycoon Stanley Ho didn't gamble himself

(Newser) - Casino tycoon Stanley Ho, who made the enclave of Macau into a gambling hub even bigger than Las Vegas, has died in Hong Kong at age 98. Considered the father of modern gambling in China, Ho's long and eventful life tracked the ebb and flow of southern China's...

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