billionaire

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'At What Point Does Hawaii Not Become Hawaii Anymore?'

NPR investigates tech billionaire Marc Benioff's sizable land purchases in small town

(Newser) - In the three-stoplight, agricultural town of Waimea on Hawaii's Big Island, more than 600 acres of land have been scooped up by billionaire Marc Benioff. And while tech tycoons buying vast tracts in Hawaii isn't a new story (or if it is to you, please meet Mark Zuckerberg'...

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...

Moving to Florida Has Saved Bezos a Lot of Money

He's selling a lot of stock, and he won't have to pay Washington state's capital gains tax

(Newser) - Jeff Bezos has moved to Miami after almost 30 years in Seattle, and it's going to save America's second-richest resident more than $600 million. The Amazon founder recently sold almost 12 million Amazon shares worth around $2 billion and has filed a plan with the SEC to sell...

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...

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 ...

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 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...

Lottery Jackpots Sound Huge These Days. They Aren't

Blame the Federal Reserve

(Newser) - A billion dollars isn't what it used to be, assuming that billion dollars comes in the form of a lotto jackpot. With the Powerball prize now climbing above that mark—Wednesday's jackpot is an estimated $1.2 billion—the Wall Street Journal takes a look at the dwindling...

Rush Limbaugh's $155M Estate Is Being Demolished

Cosmetics heir William Lauder, who bought Palm Beach property in March, has begun teardown

(Newser) - What does it feel like to have so much money that you can buy property worth more than $100 million, then knock down the posh home there just because? Ask William Lauder, who apparently serially razes mansions. Via Yahoo Finance , USA Today reports that the cosmetics billionaire, executive chair of...

Reward for the Super Rich: $14M a Day

That's how much the billionaires on Bloomberg's richest list made in the first half of the year

(Newser) - The stock market had a strong first half of the year, with the benchmark S&P rising 16% and the tech-heavy Nasdaq up an even stronger 39%. All of which translates into some hard-to-fathom profits for the richest of the rich. According to Bloomberg , the 500 people on its Billionaires...

Billionaire James Crown Killed After Crashing Race Car

Chicago businessman was racing on his 70th birthday in Colorado

(Newser) - Racing at an Aspen, Colorado, racetrack on his 70th birthday Sunday, billionaire James Crown was killed when he crashed into an impact barrier. "He was driving a race car, and it hit a wall going around a curve," his father, billionaire financier Lester Crown, tells the Chicago Sun-Times...

Ahead of ProPublica Report, Alito Hits Back

Outlet reveals Supreme Court justice flew for free on billionaire's jet; Alito pens 'WSJ' op-ed about it

(Newser) - Supreme Court Justice Samuel Alito beat ProPublica to the punch Tuesday, publishing an op-ed that responded to questions about possible ethics violations before ProPublica had published its own report. But publish it did . The report describes how hedge fund billionaire Paul Singer, who brought a high-stakes case before the nation'...

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...

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