billionaires

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Sam Altman Joins a Pretty Exclusive Club

OpenAI CEO is officially a billionaire, according to Forbes

(Newser) - There's a new billionaire in town. Sam Altman, the 38-year-old CEO of the company that created ChatGPT, is now worth at least $1 billion, according to Forbes , putting him at No. 2,747 on the magazine's list of the world's richest people . Though Altman has no equity...

UK Billionaire, Soccer Team Owner Charged in US With Insider Trading
Billionaire Joe Lewis
Won't End Up Behind Bars
UPDATED
Apr 5, 2024 7:21 AM CDT

Billionaire Joe Lewis Won't End Up Behind Bars

Ex-Tottenham Hotspur owner, 87, avoids jail time in insider trading case due to age, declining health

(Newser) - Joe Lewis won't see prison after all. The 87-year-old ex-owner of the Tottenham Hotspur soccer team was sentenced on Thursday for his role in an insider trading case that's said to have made his friends and associates millions, but US District Judge Jessica Clarke went easy on him...

Today's 'Baby' Billionaires Didn't Exactly Earn Their Wealth

For the first time, none of the 30-and-under set on 'Forbes' list of youngest billionaires is self-made

(Newser) - There are nearly 2,800 billionaires in the world, as of last count, and 15 of them are 30 or under—and, for the first time, everyone from that younger set has inherited their wealth. It's part of the advent of what Forbes calls the "great wealth transfer,...

Trump Now Among 500 Richest
Trump's Net Worth Doubles
Mar 26, 2024 6:04 AM CDT

Trump's Net Worth Doubles

He's now among 500 richest people, per Bloomberg

(Newser) - There was good and bad but overall, Monday was a great day for Donald Trump and, as Bloomberg reports, "the single-greatest day on record for the former president's wealth." In merging his social media company Trump Media and Technology Group with Digital World Acquisition Corp., Trump took...

Report: Trump Tried to Get Musk to Buy 2nd Social Media Site

'WaPo' reports on the evolving relationship between the billionaires

(Newser) - The presumptive Republican nominee for president and the world's second-richest man have a cozier relationship than previously known, according to a Washington Post report, which describes numerous conversations in which Donald Trump and Elon Musk discussed politics, business, and the potential sale of Truth Social. According to the Post,...

Elon Musk Does Not Like MacKenzie Scott's Billions to Charity

Calls fellow billionaire's charitable giving among the reasons 'that Western Civilization died'

(Newser) - MacKenzie Scott has become a power player in philanthropic circles, donating billions to charity since her split with Amazon founder Jeff Bezos in 2019. That charitable giving, however, has apparently attracted the ire of a fellow billionaire: X owner Elon Musk, who had words for Scott on his social media...

After Meeting With Trump, Elon Musk Clarifies One Thing

X owner was spotted at weekend gathering with Trump, wealthy GOP donors in Florida

(Newser) - After a report surfaced that Donald Trump met with Elon Musk as a potential campaign donor over the weekend, Musk is shooting down the possibility. "Just to be super clear, I am not donating money to either candidate for US President," he tweeted Wednesday.

'Clock Is Ticking' on Plan for Controversial New Eco-City

California Forever scrambles for signatures to get billionaire Sramek's initiative on November ballot

(Newser) - After two false starts, the billionaires behind a plan to build an eco-friendly city from scratch are behind schedule to put their proposal before California voters this November. Former Goldman Sachs trader Jan Sramek unveiled his closely guarded ballot initiative for the proposed community between San Francisco and Sacramento in...

Jerry Jones Must Take Paternity Test, Judge Rules

Texas judge upholds decision involving suit by woman who says Dallas Cowboys owner is her dad

(Newser) - Father's Day this year might look different for Jerry Jones. A Texas judge on Wednesday nixed an appeal by the owner of the Dallas Cowboys, the most valuable sports franchise in the world, in a 2022 paternity case involving a 27-year-old woman who says Jones, 81, is her biological...

For Years, He Secretly Bought Land. Now, His Plans Emerge

Jan Sramek's billionaire-backed 'California Forever' firm wants to build a city in Solano County

(Newser) - After years of secretly snapping up farmland for a new city northeast of San Francisco, the CEO of a company backed by Silicon Valley billionaires pitched voters Wednesday on his vision for a walkable, affordable community that would appeal to their California pride. Jan Sramek, a former Goldman Sachs trader...

This Gambling Bigwig's Salary Is Really Flush, Critics Say

Think tank slams Bet365 CEO Denise Coates' $280M as not being 'sensible or proportionate'

(Newser) - A billionaire gambling exec added to her bank account substantially last year, in a salary increase that has some pushing back. The BBC reports that Denise Coates, founder and CEO of the online gambling firm Bet365, saw a nearly $9 million paycheck bump in 2023, with her salary jumping to...

L'Oreal Heiress Is First Woman With $100B

Francoise Bettencourt Meyers is the world's richest woman, 12th richest person

(Newser) - Francoise Bettencourt Meyers, heiress to the L'Oreal cosmetics empire and the world's richest woman, is now also the first female to amass a $100 billion fortune. L'Oreal's stock rose 35% this year to hit a record high, which CNN attributes to shoppers "splurging on luxury...

A Twist in Figma's Rise: Adobe Deal Is Called Off

The companies said they doubted they could secure regulatory approval of the deal

(Newser) - "If this deal fell apart tomorrow, I'd feel just fine," said Figma co-founder Dylan Field when Adobe's planned $20 billion acquisition of the company was announced in September. No word on whether that's how he's feeling after the companies called off the deal Monday,...

Hermes Heir, 80, Wants to Adopt 51-Year-Old Ex-Gardener

Laws in Switzerland may stymie Nicolas Puech's new plans for his $11B fortune

(Newser) - Nicolas Puech may be 80, but he has apparently decided that's not too old to adopt a son. The problem is, the "boy" that the Hermes heir would like to welcome into the family fold is his 51-year-old "former gardener and handyman," per Swiss newspaper Tribune ...

12 Richest People Cause More Pollution Than 2M Homes

New Oxfam report points the finger at the 1% for more carbon emissions than poorest 2/3 of world

(Newser) - If you're feeling guilty that you haven't yet bought an EV or installed solar panels on your roof to cut down on your portion of greenhouse gases, you're (somewhat) off the hook—you can blame the 1% for a lot of that pollution. A new Oxfam International...

After 3 Decades, a Big Move for Bezos

Amazon founder is pulling up stakes and relocating from Seattle, where he's lived since 1994, to Miami

(Newser) - Hear "Miami," and thoughts of palm trees, Cuban food, and art deco architecture all come to mind. Now, add Jeff Bezos to that list: The Amazon founder announced this week that he's moving to the South Florida city and ditching Seattle after almost 30 years, reports the...

He's Only the Fourth Athlete Billionaire

Former NBA great Magic Johnson joins the club thanks to savvy investments

(Newser) - Michael Jordan, Tiger Woods, LeBron James, and now Magic Johnson. The former NBA star has joined the exclusive club of athletes-turned-billionaires. Forbes estimates the 64-year-old's net worth to be $1.2 billion, thanks to his ownership stakes in various sports teams and other investments. Johnson has stakes in the...

'Great Economist' Taylor Swift Is Now a Billionaire

Bloomberg says she has 'significant economic power'

(Newser) - When it added Taylor Swift to its list of highest-paid entertainers last year, Forbes said she might have an "even bigger 2023"—but it didn't predict that she'd become a one-woman economic powerhouse. The record-breaking "Eras" tour has helped make the 33-year-old a billionaire, according...

He Made $8B, Quietly Gave Almost All of It Away
He Made $8B,
Quietly Gave
Almost All
of It Away
in case you missed it
Oct 14, 2023 1:15 PM CDT

He Made $8B, Quietly Gave Almost All of It Away

Charles Feeney, who founded Atlantic Philanthropies, Duty Free Shoppers, dies at age 92

(Newser) - Almost seven years ago, Charles Feeney achieved what the New York Times calls a "rarity in the philanthropic world": He managed to fulfill his promise to clear out the coffers of Atlantic Philosophies, the foundations group he founded in the '80s, and give away nearly all of his...

Trump Didn't Make This List, and He's Not Happy

Former president slams 'Forbes' after not making it into the magazine's top 400 billionaires

(Newser) - This year's Forbes 400 list of America's richest came out last week, and the magazine notes the "superrich are riding high again," making back $500 billion they collectively lost last year. Elon Musk tops the list with his $251 billion, followed by the usual suspects of...

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