billionaires

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The World's Richest Had a Very Good Post-Election Day

Elon Musk, Jeff Bezos, Larry Ellison saw windfalls in the billions after Trump was elected

(Newser) - Wednesday was a very good day for Donald Trump, who learned in its wee hours that he had secured himself a second term in the White House, but it was also a happy day for planet Earth's richest dudes as the stock market surged . Quartz takes a look around...

It's a Massive Tax Payment, and a Massive Mystery to Boot

Tim Fernholz attempts to find out who died and left the US a record estate sum

(Newser) - Last year, a researcher poring over Treasury Department stats did a double-take on one particular sum: A $7 billion estate and gift tax payment. Which apparently means, as Tim Fernholz reports at Sherwood , that somebody very, very rich died and left the government the huge payment. It's unusual in...

Finally, a First Look at Musk's Donations to Trump
Finally, a First Look at
Musk's Donations to Trump
THE RUNDOWN
Oct 16, 2024 10:20 AM CDT

Finally, a First Look at Musk's Donations to Trump

X owner gave $75M over last 3 months, per new FEC filing

(Newser) - Elon Musk remains the world's richest man, with a net worth of $241 billion at last peek. But he's pumped tens of millions from that pot into reelection efforts for Donald Trump, showing that Musk "has vaulted into the top ranks of Republican donors," per NBC...

Zuckerberg Steals a Title From Jeff Bezos

Facebook founder is now the world's second-richest person after Elon Musk

(Newser) - Elon Musk leads the Bloomberg Billionaires Index with at least $50 billion more than those behind him. That means that, for now, the title of world's richest person is out of grasp for Meta CEO Mark Zuckerberg. Second place, however, is all his. For the first time, the Facebook...

Walmart Heiress Is Again World's Wealthiest Woman
An Heiress Is Again the
World's Wealthiest Woman
in case you missed it
Sep 21, 2024 3:45 PM CDT

An Heiress Is Again the World's Wealthiest Woman

Walmart scion Alice Walton reclaims her throne

(Newser) - Planet Earth has a new wealthiest woman, and well, she's a former wealthiest woman on the globe. For basically none of you keeping track at home, Walmart heiress Alice Walton has reclaimed her throne from another heiress, Francoise Bettencourt Meyers of L'Oreal riches, reports ABC13 . It goes a...

First Billionaire to Walk in Space: It Wasn't 'Peaceful'

Jared Isaacman describes the 'hard, very threatening environment' on Polaris Dawn mission

(Newser) - "Earth sure looks like a perfect world," billionaire Jared Isaacman proclaimed last week during the first spacewalk ever by a private citizen. But while our planet may have looked perfect, it wasn't exactly a perfect experience for Isaacman and his three Polaris Dawn spacemates. The Shift4 founder...

Billionaire Space-Walker Is a High School Dropout
Billionaire
Space-Walker
Dropped Out
of High School
the rundown
Sep 12, 2024 12:07 PM CDT

Billionaire Space-Walker Dropped Out of High School

Jared Isaacman went on to become a tech entrepreneur with a passion for space

(Newser) - The world's first commercial spacewalk took place on Tuesday morning, a private operation bankrolled by the first person who emerged from the SpaceX craft. That would be Jared Isaacman, a 41-year-old tech billionaire who is now the subject of plenty of coverage:
  • Dropout: Steve Jobs famously dropped out of
...

Selena Gomez Is the World's Newest Billionaire

Multiple revenue streams have built actress-singer-entrepreneur's wealth

(Newser) - Acting evidently pays pretty well for Selena Gomez, and music can provide a nice income, but she didn't hit the really big money until she started her own line of makeup products. On Friday, Gomez made her debut on the Bloomberg Billionaires Index , with an estimated net worth of...

HP Isn't Halting Lawsuit After Billionaire Dies in Yacht Sinking

Mike Lynch's widow, who survived the accident, could be on the hook for $4B civil fraud complaint

(Newser) - As billionaire Mike Lynch's family continues to grieve his death, and that of six others, after his superyacht Bayesian sank off the coast of Sicily on Aug. 19, they have another ongoing issue to contend with. People reports that Hewlett Packard Enterprise, which had sued Lynch for fraud after...

Tobey Maguire's Ex Is Getting Hitched Again

Jennifer Meyer, 47, is set to wed 33-year-old billionaire heir Geoffrey Ogunlesi

(Newser) - Eight years after her split from Spider-Man actor Tobey Maguire, Jennifer Meyer is ready for another trip down the aisle: The jewelry designer, 47, is engaged to 33-year-old billionaire heir Geoffrey Ogunlesi. "YES!!!" was the short and sweet caption (and apparently her answer) that Meyer included with a...

Stock Slide Hits Jeff Bezos the Hardest

Amazon founder lost $8B in a single day

(Newser) - When you have unimaginable wealth, a market plunge like Monday's takes a toll on the bank account that is hard to fathom for mere financial mortals. Amazon's Jeff Bezos got hit the hardest in the global rout, reports Quartz , but others shared his pain. Forbes rounds up the...

When It Comes to Wealth, There's No 'Happiness Plateau'

Money does indeed buy happiness, and the more, the better, per new research

(Newser) - "Does money buy happiness?" is one of our most-asked existential questions, and not only does Matt Killingsworth believe the answer is a resounding "yes"—he says the more you have, the happier you may be. According to new research by the senior fellow at UPenn's Wharton...

For This Billionaire, a Rare Apology From the IRS

Agency says it's sorry to hedge fund manager Ken Griffin for tax record leak

(Newser) - When former IRS contractor Charles Littlejohn leaked tax records to the ProPublica media outlet for an article on how affluent Americans tried to keep their taxes low, billionaire Ken Griffin's records were among them. Now, the government agency has issued what CBS News calls a "rare apology" for...

Family Allegedly Spent 3 Times as Much on Dog Than Servant

Four members of Hinduja family, the UK's richest, accused of human trafficking in Geneva

(Newser) - Four members of Britain's richest family allegedly spent more money on their pet dog than they paid to a servant, who received less than $8 per day for up to 18 hours of work, seven days a week. The members of the Hinduja family, worth some $47 billion, are...

Billionaire's Attempt to Hide Portrait Blows Up in Her Face

Vincent Namatjira's portrait of Gina Rinehart might now be destined for Times Square

(Newser) - Australia's richest woman just met the Streisand effect . Unhappy with a portrait of her featured in the National Gallery of Australia, mining billionaire Gina Rinehart sought to have it removed, the Guardian reports. But the portrait is not only staying put, it's now been shared by media around...

This Beatle Is a Billionaire After Beyonce Boost

After Beyonce's cover of 'Blackbird,' Paul McCartney hits a new milestone

(Newser) - It may seem wild that it took this long, but one of the Beatles is finally a billionaire in the UK, and he has Beyonce to (partially) thank. Paul McCartney and his wife, Nancy, have popped up on this year's "Sunday Times Rich List," with a net...

College Grads Receive a Big Gift, With a 'Catch'

UMass Dartmouth students get $1K each from billionaire Robert Hale, but they have to donate half

(Newser) - Students threw their graduation caps into the air at UMass Dartmouth this week, and they were on the receiving end of quite a surprise during what the college calls an "unforgettable ceremony." CBS News reports that Boston Celtics co-owner Robert Hale served as commencement speaker on Thursday, and...

Only 3 States Have No Billionaires
Only 3 States
Have No Billionaires
May 6, 2024 10:00 AM CDT

Only 3 States Have No Billionaires

Alaska, Delaware, and West Virginia, according to 'Forbes'

(Newser) - Forbes is out with a list of the richest person in each state, and pretty much all of them have at least $1 billion. Jeff Bezos, of course, is at the top of the heap—in his new residence of Florida —with $194 billion. Some nuggets:
  • Paupers: Only
...

Musk's Bottom Line Takes a Hit From His Tesla Woes

Mark Zuckerberg displaces Tesla CEO from No. 3 spot on Bloomberg Billionaires Index

(Newser) - While much of social media was commenting Thursday on a fake "bearded Mark Zuckerberg" picture , the Facebook co-founder notched a more substantial achievement: displacing Elon Musk on Bloomberg's Billionaires Index . Zuckerberg, 39, is now third on that list, with a net worth of about $178 billion, while the...

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...

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