billionaire

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Abducted Going to Gym, Billionaire Turns Up Near Tennis Court

Mohammed Dewji is now safe at home in Tanzania after 9-day ordeal

(Newser) - Africa's youngest billionaire is back home. Mohammed Dewji, who was seized Oct. 11 by masked gunmen while headed to the gym in the Tanzanian city of Dar es Salaam, has been released, the BBC reports. "I have returned home safely," his company, MeTL Group, quoted the 43-year-old... More »

'We Have to Get Rid of the Old Woman. Can You Help?'

Wojciech Janowski is sentenced to life in prison for ordering Hélène Pastor's 2014 murder

(Newser) - The man on trial for ordering Hélène Pastor's 2014 murder had for four weeks insisted he had nothing to do with her death. The BBC reports that changed in a startling way on Tuesday with the shock 11th-hour confession of Wojciech Janowski, 69. The former Polish diplomat... More »

'Shock' as African Billionaire Is Kidnapped

Mohammed Dewji vowed to donate half his $1.5B to charity

(Newser) - A man reported to be Tanzania's only billionaire and the youngest one in Africa has been kidnapped in what the BBC is calling a "huge shock." Mohammed Dewji was seized by masked gunmen Thursday morning as he entered a hotel gym in the Tanzanian city of Dar... More »

Kylie Jenner on Track to Beat Billionaire Record

20-year-old is sole owner of $800B company

(Newser) - Kylie Jenner is known as a reality TV star and a model. But the Keeping Up With the Kardashians star is, at, 20, also an extremely successful businesswoman and is on course to become the youngest self-made billionaire ever, reports Forbes , which estimates her current fortune at $900 million. Most... More »

Billionaires' Honeymoons Are More Eye-Popping Than You Think

Ovation Vacations goes to extremes for its clients

(Newser) - In describing his "consulting crash course" with "a leisure travel consultancy" that plans eye-popping honeymoons for billionaires, Brandon Presser explains that the first order of business is signing a nondisclosure agreement. And yet his piece for Bloomberg still manages to be replete with truly amazing examples of... More »

Her Ex Tried to Hide a $500M Superyacht. It Didn't Work

Tatiana Akhmedova will get 380-foot luxury Luna in her divorce settlement with Russian oligarch

(Newser) - Persistence and a little detective work has paid off for Tatiana Akhmedova, in the form of a $500 million superyacht to be handed over to her by her soon-to-be ex-husband. Reuters and the South China Morning Post report that UK judge Charles Haddon-Cave has ordered Russian oligarch Farkhad Akhmedov to... More »

He Became a Billionaire, Dies on Way to Rehab at 54

Matthew Mellon bet big on cryptocurrencies, but battled an OxyContin addiction

(Newser) - Matthew Mellon, the banking heir whose cryptocurrency investment paid off big-time, has died in Cancun, Mexico. He was 54. A family rep issued the following statement to Page Six : "Mellon made his fortune in cryptocurrency, turning a $2 million investment into $1 billion. He is survived by his three... More »

German Billionaire Disappears on Matterhorn

Tengelmann CEO, missing since Saturday, was training for ski race

(Newser) - A "full speed" search is underway for one of Germany's richest men, heir to the Tengelmann supermarket chain, who failed to return from a solo ski excursion in the Swiss Alps on Saturday. An experienced skier, Karl-Erivan Haub was training for a race when he set off from... More »

Billionaire Won't Pay Tax Bill Due to 'Minefield of Poop'

Tom Golisano says infestation of geese is ruining his property, won't pay up until town fixes problem

(Newser) - Billionaire Tom Golisano says he tried stringing up fishing line, spraying smelly repellent, and even posting a wolf decoy, but nothing could rid his New York lakeside vacation home of the Canada geese that turned his lawn into a minefield of poop. His next line of attack? Refusing to pay... More »

What Cops Learned in 6 Weeks About Billionaires' Deaths

They believe Barry and Honey Sherman were targeted

(Newser) - The four children of Canadian billionaires Barry and Honey Sherman have from the outset insisted their parents' December deaths were not the result of a murder-suicide, a theory that had been forth by a source in the Toronto police. Now, vindication. After a six-week investigation, Toronto police on Friday revealed... More »

Norway Hands Out $30K DUI Fine

To world's second-youngest billionaire

(Newser) - A 22-year-old Norwegian student has been handed a $30,400 fine for drunken driving—but can still count herself lucky, reports the AP . Katharina G. Andresen is reportedly Norway's richest woman, with a fortune estimated by Forbes at $1.23 billion. Fines for drunken driving in Norway are based... More »

Forbes: Wilbur Ross Lied About Being a Billionaire

Magazine accuses commerce secretary of pattern of 'whoppers' and 'omissions' going back 13 years

(Newser) - Earlier this year, President Trump noted "I just don't want a poor person" in charge of economic posts in his administration, then touted Commerce Secretary Wilbur Ross as "a very rich person" who was up to the task. But just how rich Ross really is is now... More »

Steve Jobs' Widow Makes Big Move in Pro Sports World

Looks like Laurene Powell Jobs is buying major stake in Capitals, Wizards empire

(Newser) - There aren't many women who hold top ownership positions in the sports world's "Big Four" pro leagues, but the wife of the late Steve Jobs is about to up those numbers. Citing sources familiar with the deal, the Washington Post reports that billionaire philanthropist Laurene Powell Jobs... More »

Rihanna Has a New Beau

She was spotted smooching Saudi billionaire Hassan Jameel

(Newser) - Rihanna has a new beau under her umbrella, er, in her pool. The superstar is reportedly dating Saudi billionaire Hassan Jameel, who was spotted getting cozy with the singer in a pool in Spain recently, reports TMZ . According to People , Jameel runs a charitable branch of his family's Abdul... More »

Little-Known Billionaire's Job: Making Cheese for Our Pizza

You've probably never heard of James Leprino, the 'Willy Wonka of cheese'

(Newser) - You've likely never seen a photo of James Leprino, a 79-year-old reclusive billionaire in Colorado who runs Leprino Foods, a cheese and dairy manufacturing company. But that business is actually an empire—its website says it's the "world's largest producer of mozzarella"—and though Leprino... More »

Iranian Billionaire Is to Be Executed

Country announced Babak Zanjani's sentence Sunday

(Newser) - In what is surely one of the most extreme reminders that money cannot buy everything, Iran on Sunday announced a death sentence had been handed to Babak Zanjani, whose fortune is worth an estimated $14 billion. The 42-year-old was arrested in December 2013, shortly after the election of President Hassan... More »

NYC Dethroned as 'Billionaire Capital'

Beijing now has more billionaires than NYC

(Newser) - New York City was once home to the most billionaires anywhere, but Beijing has overtaken it as the Billionaire Capital of the World, the AP reports. There were 95 billionaires in NYC compared to 100 in the Chinese capital as of Jan. 15, according to Hurun , a Shanghai firm that... More »

Only 5 People Are Richer Than Zuckerberg Now

His fortune surpassed the Koch brothers' on Thursday

(Newser) - Facebook CEO Mark Zuckerberg returned from paternity leave this week, NBC News reports. As a welcome-back gift, he officially became the world's sixth-richest person on Thursday. According to Bloomberg , his net worth increased by $6 billion on the stock market Thursday, lifting him past the Koch brothers. The 31-year-old... More »

62 People Have as Much as the Poorest 3.6B Combined

Wealth concentrated at 'tippy top of the pyramid,' Oxfam says

(Newser) - The richest .000000001% has had a great few years and now owns as much wealth as the poorest 50% of the world's population combined, according to the latest report from Oxfam. The British charity says just 62 billionaires are now as rich as the poorest 3.6 billion people... More »

'China's Warren Buffett' Is Missing

Billionaire Guo Guangchang may be in police custody: reports

(Newser) - One of China's richest men is missing. The developing story is fairly murky: Employees of Fosun Group, which owns Club Med and Cirque du Soleil and is run by billionaire Guo Guangchang, say they've been unable to contact their boss since noon Thursday. Guo—known as "China'... More »

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