billionaire

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Billionaire Offers Surprise Gift to Grads at Commencement

Robert Hale gifts $1K to each UMass Boston student during ceremony, with a heartwarming catch

(Newser) - Students being honored at Thursday's graduation ceremony at UMass Boston not only received their diplomas—there was also an extra-special gift waiting for them, courtesy of commencement speaker Robert Hale, the billionaire CEO of Granite Telecommunications and part owner of the Boston Celtics. CNN reports that as the university'...

The Artist Formerly Known as Kanye West Is No Longer a Billionaire
Ye Is Off
the Billionaires List
Apr 7, 2023 1:00 AM CDT

Ye Is Off the Billionaires List

And Elon Musk drops from No. 1 to No. 2

(Newser) - Ye, the artist formerly known as Kanye West, is a billionaire no longer. He was on the Forbes' billionaires list last year with an estimated net worth of $2 billion, but after Adidas terminated its partnership with the controversial rapper, his net worth dropped to an estimated $400 million, CBS...

2 Years After Billionaire's Death, His Widow Sues

Petr Kellner, 56, of Czech Republic died while on heli-skiing trip

(Newser) - The investigation into the crash that killed Czech billionaire Petr Kellner in 2021 still hasn't been completed, but there is a new development: His heirs have sued over what happened in Alaska's backcountry during a heli-skiing trip. In a suit filed just ahead of the two-year statute of...

Missing Chinese CEO Is 'Cooperating' in Gov't Investigation

His company, China Renaissance, now says founder Bao Fan is cooperating with government

(Newser) - Bao Fan, the billionaire Chinese investment banking CEO who has disappeared, is "cooperating in" a government investigation, according to China Renaissance Holdings, the company he founded and runs—and which reported him missing weeks ago. The company's board has since "become aware that Mr. Bao is currently...

Oxfam Says It's Time for 'Billionaire-Busting' Taxes

Since 2020, two-thirds of all new wealth created has gone to 1%, group says

(Newser) - Oxfam has once again released startling figures on inequality to mark the opening of the World Economic Forum in Davos, Switzerland. Over the last two years, two-thirds of all new wealth created has gone to the richest 1% of the world's population, up from an average of around 50%...

Suit: Billionaire Raped Me at Epstein's Mansion

Cheri Pierson sues Apollo Global Management co-founder Leon Black, Epstein's estate

(Newser) - A woman claims billionaire Leon Black raped her in a "brutal attack" at the Manhattan home of Jeffrey Epstein. In a lawsuit filed Monday, Cheri Pierson says she was "in desperate need of money" when she agreed to massage the co-founder and former CEO of Apollo Global Management...

MacKenzie Scott Gives Girl Scouts Its Biggest Gift Ever

Philanthropist donates more than $84M to group

(Newser) - Philanthropist MacKenzie Scott donated $84.5 million to Girl Scouts of the USA and 29 of its local branches, the 110-year-old organization said Tuesday, calling it a vote of confidence. "Her support of our organization means honestly just as much as the donation," Sofia Chang, CEO of GSUSA,...

Name of MacKenzie Scott&#39;s Husband Quietly Disappears
MacKenzie Scott Quietly
Files for Divorce
UPDATED
Sep 29, 2022 12:30 AM CDT

MacKenzie Scott Quietly Files for Divorce

Her second husband had disappeared from joint philanthropy efforts

(Newser) - Update: MacKenzie Scott has indeed split with her second husband. The billionaire philanthropist, 52, filed for divorce from science teacher Dan Jewett on Monday after less than two years of marriage, reports CNN . The papers were filed in King County Superior Court in Washington state, though no further details were...

Tech Tycoons Have Had a Rough Year. None Like Zuckerberg

Meta CEO has hemorrhaged $71B since Jan. 1—more than half his wealth

(Newser) - Don't worry, Mark Zuckerberg is still a billionaire—but he's lost many, many of those billions over the past several months. In what Bloomberg describes as a rough year for most tech billionaires, it's been an especially bumpy one for the Meta CEO: He's lost $71...

China's Richest Woman Is Rapidly Getting Poorer

Yang Hiuyan's $23.7B fortune has more than halved amid real estate crisis

(Newser) - With an estimated fortune of $11.3 billion, China's richest woman isn't exactly short on cash—but the country's real estate crisis has made Yang Huiyan a lot poorer than she was at the start of the year. Bloomberg reports that Yang had an estimated $23.7...

'Eat the Rich' With Popsicles Shaped Like Musk, Bezos

MSCHF artists collective has ice cream trucks in NYC, LA with the billionaire-shaped treats

(Newser) - If you're in New York City or Los Angeles on Wednesday and want to work out your angst against capitalism, there's a frozen treat waiting for you, modeled after the world's richest men. Just stop by what's being deemed a "unique art pop-up" by CBS...

Billionaire's New Estate Sets Florida Record

It's not far from a property Larry Ellison purchased for $80M last year

(Newser) - One of the world's richest people , billionaire Oracle founder Larry Ellison, has just dropped $173 million on new digs, setting a record for the largest residential sale in Florida history. And by a long shot. Previously, the state hadn't seen a home sell for more than $130 million,...

Walmart Heir Pays Record Price for an NFL Team

Rob Walton will reportedly pony up $4.65B to buy the Denver Broncos

(Newser) - Up until this week, the most an NFL team has ever sold for is $2.3 billion. That record just got shattered, however, by the news that Walmart heir Rob Walton, one of the world's richest men, has agreed to buy the Denver Broncos for twice that price. A...

LeBron James Gets His 'Biggest Milestone'

'Forbes' anoints him a billionaire, making him the first active NBA player to get there

(Newser) - Eight years ago, LeBron James told GQ that he was chasing his "biggest milestone"—achieving billionaire status. Mission accomplished, according to Forbes . The magazine now calculates James' worth to be $1 billion, making him the first active NBA player to reach the mark. Michael Jordan made the list...

Elon Musk: Don't Be Offended by My Wealth. I Don't Spend It

Tesla CEO says he doesn't consume like a billionaire

(Newser) - If you begrudge Elon Musk his billions, take solace: He's not even spending all that money on himself. Like, not even on a villa, a mansion, or an apartment. USA Today reports the world's richest person talked about his $275 billion fortune in an interview with the head...

Meet the 10 Richest People in the World

You know many of them already, including Elon Musk at No. 1, per 'Forbes' annual billionaires ranking

(Newser) - If Forbes is trying to make us feel bad for the world's billionaires, it's not really working. The magazine notes that, collectively, this group is now worth $400 billion less than they were a year ago, thanks to the ongoing pandemic, tepid markets, and war—but 1,000...

Billionaire's Uighur Remarks Do Not Go Over Well

Chamath Palihapitiya walks back 'don't care' comments made on his podcast

(Newser) - While discussing concerns over China's treatment of Uighurs, billionaire investor Chamath Palihapitiya didn't even feign interest. "The rest of us don't care," he said on Saturday's episode of his podcast, per CNBC . Palihapitiya said he had more important things to worry about than reports...

Oxfam Calls for One-Time 99% Tax on Billionaires

Money would be used to expand production of vaccines for the poor, anti-poverty group says

(Newser) - Anti-poverty organization Oxfam called Monday for governments to impose a one-time 99% tax on the world's billionaires and use the money to fund expanded production of vaccines for the poor—part of an effort to combat global inequality widened by the coronavirus pandemic, the AP reports. The ranks of...

Billionaire Gets 'Unprecedented Lifetime Ban' on Antiquities

Michael Steinhardt will face no charges over $70M in stolen items

(Newser) - A New York billionaire will face no criminal charges after surrendering 180 antiquities worth $70 million, which authorities say were stolen from 11 countries. The items had been looted from Bulgaria, Egypt, Greece, Iraq, Israel, Italy, Jordan, Lebanon, Libya, Syria and Turkey, and trafficked by 12 criminal smuggling networks before...

Frenzied Interpretations After Musk Shares Ancient Poem

There was no real context to the quoting of the Quatrain of Seven Steps

(Newser) - Talking heads are trying to figure out what the world's richest man meant in tweeting lines from an ancient Chinese poem on Tuesday. Elon Musk caused a stir—on Twitter, where the Tesla and SpaceX CEO counts 62 million followers, and on Chinese social media site Weibo, where he...

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