billionaire

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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...

Billionaire Sues Ex-Model Who Accused Him of Rape

Leon Black accuses Guzel Ganieva, law firm of trying to extort him

(Newser) - Billionaire financier Leon Black is suing a Russian former model he had a yearslong affair with, claiming her accusation of rape is part of a conspiracy against him. The 70-year-old, who stepped down as CEO of Apollo Global Management earlier this year over his links to Jeffrey Epstein, is suing...

Guess Who's Not Keen on Dems' Billionaire Tax Plan?

Tesla/SpaceX CEO Elon Musk could see $5B in taxes over 5 years if the plan were put in place

(Newser) - Under a new proposal unveiled by Democrats this week, America's richest of the rich would soon be helping to pay for President Biden's domestic agenda by paying taxes on unrealized gains on assets like stocks in their portfolio, whether or not they sell them. It was expected there'...

Frances Haugen's Fight Has a Billionaire Backer

EBay founder Pierre Omidyar's organizations are giving financial support to Facebook whistleblower

(Newser) - Frances Haugen's fight against Facebook is receiving funding from a billionaire: tech critic and eBay founder Pierre Omidyar. Omidyar's global philanthropic organization Luminate gave $150,000 last year to nonprofit Whistleblower Aid, which is handling Haugen's legal representation , Politico reports. However, Whistleblower Aid is also seeking donations...

One Man Has Lost $27B So Far This Year

China's Colin Huang has the world's biggest wealth drop in 2021

(Newser) - Colin Huang is still a very rich man, estimated to be worth $35 billion by Bloomberg . But the founder of Chinese e-commerce business Pinduoduo also has the distinction of having lost more money this year than anyone else in the world—more than $27 billion. That is by far the...

4 Space Tourists Will Orbit Earth for 3 Days
It's a 'Major Milestone
in Human Spaceflight'
THE RUNDOWN

It's a 'Major Milestone in Human Spaceflight'

4 tourists, expected to launch Wednesday, will orbit Earth for 3 days

(Newser) - Another billionaire is headed to space, this time with an all-civilian crew, in what CNN reports is the "first orbital mission in the history of spaceflight to be staffed entirely by tourists or otherwise non-astronauts." A retrofitted SpaceX Crew Dragon capsule dubbed Resilience will spend three days orbiting...

Billionaire Unveils Plans for 'Most Inclusive City in the World'

Marc Lore's Telosa, to be built in some US desert, will be a sustainable, 'equitable' metropolis

(Newser) - He's helmed Jets.com and Diapers.com and served as a top Walmart exec. Now, billionaire and entrepreneur Marc Lore has a new project in the works, as long as he can pull together more than $400 billion. That's the amount the 50-year-old says he needs to build...

Business Ventures Have Made Rihanna a Billionaire

Forbes says she's now the world's richest female musician

(Newser) - Barbados-born star Rihanna now has a fortune bigger than the economies of some of her homeland's Caribbean neighbors. Forbes reports that the 33-year-old is now officially a billionaire—and the world's richest female musician—with an estimated net worth of $1.7 billion. But while she has had...

Billionaire Accused of 'Provoking Trouble' Gets 18 Years

Observers say case against Chinese pig farmer and dissident ally Sun Dawu is politically motivated

(Newser) - It's been nearly nine months since Sun Dawu was arrested, and on Wednesday, the Chinese billionaire pig farmer heard his fate: 18 years behind bars, as well as a nearly $500,000 fine. Sun's crimes, per a Chinese court: "picking quarrels and provoking trouble," a charge...

Partner of Lord's Son Charged With Killing Cop

Canada's Jasmine Hartin accused of accidentally shooting Belizean police officer in the head

(Newser) - The daughter-in-law of a British-Belizean billionaire has been charged with shooting a police officer in the head in Belize. Jasmine Hartin—the wife of Lord Michael Ashcroft's youngest son, Andrew, himself a well-known property developer in Belize—was charged Monday with manslaughter by negligence in the death of police...

Remote Alaska Crash Kills One of World's Richest Men

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

(Newser) - A crash in Alaska's backcountry during a Saturday heli-skiing trip claimed five lives, including that of the Czech Republic's richest man. The AP reports Petr Kellner, 56, had a 98.93% stake in the global investment company PPF Group and a net worth pegged at $17.5 billion;...

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...

Next-Door Neighbors in Bizarre Feud, Billionaire-Style
Billionaire Offers to End 'Petty'
$1M Fight. Foe Says Nope
in case you missed it

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...

Teen YouTuber Totals Dad's $3.4M Roadster

Gage Gillean reportedly hit a tree in Dallas on Tuesday, but he's OK

(Newser) - It's a good thing YouTuber Gage Gillean's father is a billionaire because it may take a few million dollars to replace the rare sports car Gillean just wrecked. The 17-year-old son of private equity firm founder and car collector Tim Gillean was driving his father's custom-made purple...

Elon Musk to Become Earth's 3rd Richest Person
It's a Very
Good Day for
Elon Musk

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,"...

Billionaire Charged in $2B Tax Evasion Case

'We will not hesitate to prosecute the smartest guys in the room'

(Newser) - Federal prosecutors charged Texas billionaire Robert Brockman on Thursday with a $2 billion tax fraud scheme in what they say is the largest such case against an American. Department of Justice officials said at a news conference that Brockman, 79, hid capital gains income over 20 years through a web...

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...

Formerly 'Poor as Hell' Tyler Perry Now a Billionaire

He says ownership made all the difference

(Newser) - Tyler Perry, who grew up poor in New Orleans and spent much of the '90s as a penniless—and sometimes homeless—playwright, is now officially a billionaire. The 50-year-old actor and filmmaker has been added to the list of billionaires at Forbes, which estimates he has made more than...

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