billionaire

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Bloomberg Drops $100M on Anti-Trump Ads

Yet he hasn't committed to a presidential run

(Newser) - Got $100 million? Neither do we—but Michael Bloomberg does. The billionaire and former New York City mayor is planning to spend that much on anti-Trump ads as he mulls a run for president, the Hill reports. The ads will target Pennsylvania, Wisconsin, Arizona, and Michigan, four states the Dems... More »

Finance Bigwig at Summit: 'I Want to Talk About What's in Your Pants'

Fisher Investments has now lost nearly $1B after sexist remarks at CEO conference

(Newser) - Cities across the US have entrusted Fisher Investments with shepherding their pension investments, but several have now bailed after the firm's founder made sexist comments at a conference in San Francisco last week. CNBC reports the city of Boston is the latest to drop Fisher, withdrawing nearly $250 million... More »

Bill Gates No Longer Planet's 2nd Richest

Bernard Arnault jumps over him

(Newser) - In the seven years that Bloomberg has been putting out its Billionaires Index, Bill Gates has always ranked in the top 2. No more. On Tuesday, Bernard Arnault leaped over him and into the No. 2 spot, with a net worth of $107.6 billion, a slim $200 million over... More »

Hip-Hop Has Its First Billionaire

It's Jay-Z

(Newser) - Forbes estimates that Jay-Z's fortune now "conservatively totals $1 billion," which is notable for a couple reasons: He's one of just "a handful" of those in showbiz who have become billionaires—and the first ever in the realm of hip-hop. (As Billboard explains, Dr.... More »

MacKenzie Bezos' 'Revealing' Move After Divorce From Jeff

Amazon CEO's ex-wife just signed Giving Pledge, vowing to donate at least half of her wealth

(Newser) - MacKenzie Bezos just opened up her wallet big time, and she's sharing her reason why. "I have a disproportionate amount of money to share," the ex-wife of Amazon CEO Jeff Bezos noted in her letter signing on to the Giving Pledge , a commitment by some of the... More »

This US City Has the Most Billionaires Per Capita

At 1 per 11,600 residents

(Newser) - You can barely swing a cat in San Francisco without hitting a few billionaires, according to a new study. The Wealth-X "Billionaire Census" found that the Silicon Valley city has far more billionaires per capita than any other city in the world: One per 11,600 residents. The nearest... More »

2nd Billionaire Charged in Prostitution Ring

John Childs, 77, caught up in same sting as Patriots owner Robert Kraft

(Newser) - Not one billionaire, but two have been caught up in the human trafficking sting in Florida. Robert Kraft is the more high-profile name of the two (and the one everyone was buzzing about Friday), but equity firm owner John Childs has also made the list, per TCPalm . Childs, who owns... More »

Getting Rid of Billionaires Isn't 'Un-American'— It's Necessary

That's Farhad Manjoo's take for the 'New York Times'

(Newser) - Farhad Manjoo would like to end our "devastating national love affair with billionaires"—and he thinks the way to do that is to force-phase them out. Writing for the New York Times , Manjoo says he got to seriously thinking about the concept of abolishing the super-rich after reading... More »

Cubs Owner Blasted for Controversial Emails on Obama, Islam

Among others sent by Joe Ricketts

(Newser) - Splinter's "Billionaire's Inbox" offers a look at how "the other half" lives, and its most recent dive is quite the eye-opener. The news outlet got its hands on what the New York Times calls "a cache of racist emails" both sent and received by Joe... More »

This Just Became America's Most Expensive Home

Hedge fund boss Ken Griffin nabs NYC condo, London mansion in same month

(Newser) - Billionaire Ken Griffin, who has several very nice homes, has just added a crown jewel—one that cost roughly $9,917 per square foot. The Citadel hedge fund founder has purchased the penthouse at 220 Central Park South in New York City for $238 million, making it the priciest home... More »

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 »

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