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Billionaire Sports Owners Abandoning Workers During Virus
Dear Stingy
Sports Owners,
We'll Remember This
OPINION
Mar 27, 2020 2:48 PM CDT

Dear Stingy Sports Owners, We'll Remember This

Nancy Amour for USA Today says those who don't pay workers shouldn't expect tax breaks

(Newser) - Boston Bruins owner Jeremy Jacobs is getting slammed for cutting salaries or laying off workers altogether during the coronavirus pandemic. Tilman Fertitta, who owns the Houston Rockets—as well as Landry's, the parent company over hundreds of restaurants, hotels, and casinos—is likewise drawing criticism after laying off 40,...

Billionaire to Dole Out $9M in 'Serious Social Experiment'

Japanese entrepreneur Yusaku Maezawa wants to see if $9K will make 1K lucky winners happier

(Newser) - Money supposedly doesn't buy happiness, but a Japanese billionaire thinks it might at least cheer some people up. Just a couple of weeks after Zozo founder Yusaku Maezawa donated more than $18 million to a Japanese city hit hard by a typhoon, the fashion-minded entrepreneur is back in the...

Billionaire&#39;s Son Is Found Dead
Billionaire's Son Is Found Dead
Jan 7, 2020 7:00 PM CST

Billionaire's Son Is Found Dead

Andrew Burkle was only 26

(Newser) - A California billionaire experienced what must be a living nightmare Monday when he rushed to his son's home and found him dead, People reports. Andrew Burkle, 26, was unresponsive and declared deceased Monday at the Beverly Hills property. His father, Ron Burkle—who co-owns the Pittsburgh Penguins and has...

New Trouble for Billionaire Claiming Beach as His Own

California commissions sue Vinod Khosla over access to Martins Beach

(Newser) - The California Attorney General's Office has filed suit against a billionaire who's long tried to block the public from accessing a beach he claims as his own . The suit, filed Monday on behalf of the California State Lands Commission and California Coastal Commission, claims Sun Microsystems co-founder Vinod...

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...

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...

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...

Hip-Hop Has Its First Billionaire
Hip-Hop Has Its First Billionaire
Jun 3, 2019 12:30 PM CDT

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....

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...

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...

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...

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...

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...

This Just Became America&#39;s Most Expensive Home
This Just Became
America's Most
Expensive Home
in case you missed it
Jan 27, 2019 10:33 AM CST

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...

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...

'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...

'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...

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...

Billionaires&#39; Honeymoons Are More Eye-Popping Than You Think
Billionaires'
Honeymoons Are
More Eye-Popping
Than You Think
IN CASE YOU MISSED IT
Jul 8, 2018 11:00 AM CDT

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...

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...

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