billionaire

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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...

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...

Billionaire Rebels Against Taxes&mdash;Over Goose Poop
Billionaire Won't Pay Tax Bill
Due to 'Minefield of Poop'
IN CASE YOU MISSED IT
Feb 11, 2018 6:54 AM CST

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...

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...

Norway Hands Out $30K DUI Fine
Norway
Hands Out
$30K DUI Fine
Nov 19, 2017 6:03 AM CST

Norway Hands Out $30K DUI Fine

To world's second-youngest billionaire

(Newser) - A 22-year-old Norwegian student has been handed a $30,400 fine for drunken driving—but can still count herself lucky, reports the AP . Katharina G. Andresen is reportedly Norway's richest woman, with a fortune estimated by Forbes at $1.23 billion. Fines for drunken driving in Norway are based...

Forbes : Wilbur Ross Lied About Being a Billionaire
Forbes: Wilbur Ross Lied
About Being a Billionaire
INVESTIGATION
Nov 7, 2017 9:30 AM CST

Forbes: Wilbur Ross Lied About Being a Billionaire

Magazine accuses commerce secretary of pattern of 'whoppers' and 'omissions' going back 13 years

(Newser) - Earlier this year, President Trump noted "I just don't want a poor person" in charge of economic posts in his administration, then touted Commerce Secretary Wilbur Ross as "a very rich person" who was up to the task. But just how rich Ross really is is now...

Steve Jobs' Widow Makes Big Move in Pro Sports World

Looks like Laurene Powell Jobs is buying major stake in Capitals, Wizards empire

(Newser) - There aren't many women who hold top ownership positions in the sports world's "Big Four" pro leagues, but the wife of the late Steve Jobs is about to up those numbers. Citing sources familiar with the deal, the Washington Post reports that billionaire philanthropist Laurene Powell Jobs...

Rihanna Has a New Beau
Rihanna Has
a New Beau
Jun 29, 2017 7:55 AM CDT

Rihanna Has a New Beau

She was spotted smooching Saudi billionaire Hassan Jameel

(Newser) - Rihanna has a new beau under her umbrella, er, in her pool. The superstar is reportedly dating Saudi billionaire Hassan Jameel, who was spotted getting cozy with the singer in a pool in Spain recently, reports TMZ . According to People , Jameel runs a charitable branch of his family's Abdul...

Little-Known Billionaire's Job: Making Cheese for Our Pizza

You've probably never heard of James Leprino, the 'Willy Wonka of cheese'

(Newser) - You've likely never seen a photo of James Leprino, a 79-year-old reclusive billionaire in Colorado who runs Leprino Foods, a cheese and dairy manufacturing company. But that business is actually an empire—its website says it's the "world's largest producer of mozzarella"—and though Leprino...

Iranian Billionaire Is to Be Executed

Country announced Babak Zanjani's sentence Sunday

(Newser) - In what is surely one of the most extreme reminders that money cannot buy everything, Iran on Sunday announced a death sentence had been handed to Babak Zanjani, whose fortune is worth an estimated $14 billion. The 42-year-old was arrested in December 2013, shortly after the election of President Hassan...

NYC Dethroned as 'Billionaire Capital'

Beijing now has more billionaires than NYC

(Newser) - New York City was once home to the most billionaires anywhere, but Beijing has overtaken it as the Billionaire Capital of the World, the AP reports. There were 95 billionaires in NYC compared to 100 in the Chinese capital as of Jan. 15, according to Hurun , a Shanghai firm that...

Only 5 People Are Richer Than Zuckerberg Now

His fortune surpassed the Koch brothers' on Thursday

(Newser) - Facebook CEO Mark Zuckerberg returned from paternity leave this week, NBC News reports. As a welcome-back gift, he officially became the world's sixth-richest person on Thursday. According to Bloomberg , his net worth increased by $6 billion on the stock market Thursday, lifting him past the Koch brothers. The 31-year-old...

62 People Have as Much as the Poorest 3.6B Combined

Wealth concentrated at 'tippy top of the pyramid,' Oxfam says

(Newser) - The richest .000000001% has had a great few years and now owns as much wealth as the poorest 50% of the world's population combined, according to the latest report from Oxfam. The British charity says just 62 billionaires are now as rich as the poorest 3.6 billion people...

'China's Warren Buffett' Is Missing

Billionaire Guo Guangchang may be in police custody: reports

(Newser) - One of China's richest men is missing. The developing story is fairly murky: Employees of Fosun Group, which owns Club Med and Cirque du Soleil and is run by billionaire Guo Guangchang, say they've been unable to contact their boss since noon Thursday. Guo—known as "China'...

Inside America's Most Expensive 'House' for Sale

The 4.4-acre estate comes with night club, ice skating rink, IMAX cinema, and more

(Newser) - When construction tycoon Robert Pereira got hold of a sprawling ocean-front Florida estate through a trust in 2001, he envisioned turning it into a luxurious home for his family, friends tell the Guardian . But after spending seven years (and $100 million, a third of which was financed by Bank of...

Walmart Heir Is Way Less Rich Than Anyone Knew

But still not, you know, poor poor

(Newser) - It turns out the woman once thought to be America's richest female isn't all that rich after all. But don't feel too bad for her; she still has more money than most of us will ever see. It was long assumed Christy Walton was worth approximately $32...

China Now Has More Billionaires Than US

They've had their best year ever despite shaky economy

(Newser) - China has passed the United States in the number of billionaires it boasts, driven by the rise of fortunes in technology and manufacturing, according to a survey released Thursday. Despite a cooling economy, the number of Chinese billionaires rose by 242 this year to 596, according to the Hurun Report,...

Tycoon Loses $15B in 30 Minutes

Li Hejun is no longer China's richest man

(Newser) - Pop goes the bubble: An energy company chief's brief time as the richest person in China ended in a spectacular collapse this week. In a brutal 30 minutes or so of trading on Wednesday, Li Hejun's fortune went down by as much as $500 million a minute as...

Billionaire's Divorce Details: $82K on Groceries

Ken Griffin says wife Anne Dias wants $24K a year for stationery

(Newser) - Chicago hedge fund billionaire Ken Griffin and his money manager wife are embroiled in a contentious divorce, and the couple's battles over money had CNBC last month asking, "How can three kids under age 10 cost $1 million a month?" That after court papers indicated Anne Dias Griffin...

Billionaire Tells Rest of Us to Live More Modestly

Jeff Greene currently has a $195M estate on the market

(Newser) - Jeff Greene describes the $195 million price tag of a 23-bathroom Beverly Hills estate he's spent seven years building—and has now put on the market—as "quite reasonable." He lives in a 35,000-square-foot estate in Palm Beach, Fla., with its own private beach. And when...

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