billionaire

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Walmart Heir Pays Record Price for an NFL Team

Rob Walton will reportedly pony up $4.65B to buy the Denver Broncos

(Newser) - Up until this week, the most an NFL team has ever sold for is $2.3 billion. That record just got shattered, however, by the news that Walmart heir Rob Walton, one of the world's richest men, has agreed to buy the Denver Broncos for twice that price. A...

LeBron James Gets His 'Biggest Milestone'

'Forbes' anoints him a billionaire, making him the first active NBA player to get there

(Newser) - Eight years ago, LeBron James told GQ that he was chasing his "biggest milestone"—achieving billionaire status. Mission accomplished, according to Forbes . The magazine now calculates James' worth to be $1 billion, making him the first active NBA player to reach the mark. Michael Jordan made the list...

Elon Musk: Don't Be Offended by My Wealth. I Don't Spend It

Tesla CEO says he doesn't consume like a billionaire

(Newser) - If you begrudge Elon Musk his billions, take solace: He's not even spending all that money on himself. Like, not even on a villa, a mansion, or an apartment. USA Today reports the world's richest person talked about his $275 billion fortune in an interview with the head...

Meet the 10 Richest People in the World

You know many of them already, including Elon Musk at No. 1, per 'Forbes' annual billionaires ranking

(Newser) - If Forbes is trying to make us feel bad for the world's billionaires, it's not really working. The magazine notes that, collectively, this group is now worth $400 billion less than they were a year ago, thanks to the ongoing pandemic, tepid markets, and war—but 1,000...

Billionaire's Uighur Remarks Do Not Go Over Well

Chamath Palihapitiya walks back 'don't care' comments made on his podcast

(Newser) - While discussing concerns over China's treatment of Uighurs, billionaire investor Chamath Palihapitiya didn't even feign interest. "The rest of us don't care," he said on Saturday's episode of his podcast, per CNBC . Palihapitiya said he had more important things to worry about than reports...

Oxfam Calls for One-Time 99% Tax on Billionaires

Money would be used to expand production of vaccines for the poor, anti-poverty group says

(Newser) - Anti-poverty organization Oxfam called Monday for governments to impose a one-time 99% tax on the world's billionaires and use the money to fund expanded production of vaccines for the poor—part of an effort to combat global inequality widened by the coronavirus pandemic, the AP reports. The ranks of...

Billionaire Gets 'Unprecedented Lifetime Ban' on Antiquities

Michael Steinhardt will face no charges over $70M in stolen items

(Newser) - A New York billionaire will face no criminal charges after surrendering 180 antiquities worth $70 million, which authorities say were stolen from 11 countries. The items had been looted from Bulgaria, Egypt, Greece, Iraq, Israel, Italy, Jordan, Lebanon, Libya, Syria and Turkey, and trafficked by 12 criminal smuggling networks before...

Frenzied Interpretations After Musk Shares Ancient Poem

There was no real context to the quoting of the Quatrain of Seven Steps

(Newser) - Talking heads are trying to figure out what the world's richest man meant in tweeting lines from an ancient Chinese poem on Tuesday. Elon Musk caused a stir—on Twitter, where the Tesla and SpaceX CEO counts 62 million followers, and on Chinese social media site Weibo, where he...

Billionaire Sues Ex-Model Who Accused Him of Rape

Leon Black accuses Guzel Ganieva, law firm of trying to extort him

(Newser) - Billionaire financier Leon Black is suing a Russian former model he had a yearslong affair with, claiming her accusation of rape is part of a conspiracy against him. The 70-year-old, who stepped down as CEO of Apollo Global Management earlier this year over his links to Jeffrey Epstein, is suing...

Guess Who's Not Keen on Dems' Billionaire Tax Plan?

Tesla/SpaceX CEO Elon Musk could see $5B in taxes over 5 years if the plan were put in place

(Newser) - Under a new proposal unveiled by Democrats this week, America's richest of the rich would soon be helping to pay for President Biden's domestic agenda by paying taxes on unrealized gains on assets like stocks in their portfolio, whether or not they sell them. It was expected there'...

Frances Haugen's Fight Has a Billionaire Backer

EBay founder Pierre Omidyar's organizations are giving financial support to Facebook whistleblower

(Newser) - Frances Haugen's fight against Facebook is receiving funding from a billionaire: tech critic and eBay founder Pierre Omidyar. Omidyar's global philanthropic organization Luminate gave $150,000 last year to nonprofit Whistleblower Aid, which is handling Haugen's legal representation , Politico reports. However, Whistleblower Aid is also seeking donations...

One Man Has Lost $27B So Far This Year

China's Colin Huang has the world's biggest wealth drop in 2021

(Newser) - Colin Huang is still a very rich man, estimated to be worth $35 billion by Bloomberg . But the founder of Chinese e-commerce business Pinduoduo also has the distinction of having lost more money this year than anyone else in the world—more than $27 billion. That is by far the...

4 Space Tourists Will Orbit Earth for 3 Days
It's a 'Major Milestone
in Human Spaceflight'
THE RUNDOWN
Sep 15, 2021 11:15 AM CDT

It's a 'Major Milestone in Human Spaceflight'

4 tourists, expected to launch Wednesday, will orbit Earth for 3 days

(Newser) - Another billionaire is headed to space, this time with an all-civilian crew, in what CNN reports is the "first orbital mission in the history of spaceflight to be staffed entirely by tourists or otherwise non-astronauts." A retrofitted SpaceX Crew Dragon capsule dubbed Resilience will spend three days orbiting...

Billionaire Unveils Plans for 'Most Inclusive City in the World'

Marc Lore's Telosa, to be built in some US desert, will be a sustainable, 'equitable' metropolis

(Newser) - He's helmed Jets.com and Diapers.com and served as a top Walmart exec. Now, billionaire and entrepreneur Marc Lore has a new project in the works, as long as he can pull together more than $400 billion. That's the amount the 50-year-old says he needs to build...

Business Ventures Have Made Rihanna a Billionaire

Forbes says she's now the world's richest female musician

(Newser) - Barbados-born star Rihanna now has a fortune bigger than the economies of some of her homeland's Caribbean neighbors. Forbes reports that the 33-year-old is now officially a billionaire—and the world's richest female musician—with an estimated net worth of $1.7 billion. But while she has had...

Billionaire Accused of 'Provoking Trouble' Gets 18 Years

Observers say case against Chinese pig farmer and dissident ally Sun Dawu is politically motivated

(Newser) - It's been nearly nine months since Sun Dawu was arrested, and on Wednesday, the Chinese billionaire pig farmer heard his fate: 18 years behind bars, as well as a nearly $500,000 fine. Sun's crimes, per a Chinese court: "picking quarrels and provoking trouble," a charge...

Partner of Lord's Son Charged With Killing Cop

Canada's Jasmine Hartin accused of accidentally shooting Belizean police officer in the head

(Newser) - The daughter-in-law of a British-Belizean billionaire has been charged with shooting a police officer in the head in Belize. Jasmine Hartin—the wife of Lord Michael Ashcroft's youngest son, Andrew, himself a well-known property developer in Belize—was charged Monday with manslaughter by negligence in the death of police...

Warren Buffett Becomes 6th Guy to Join Elite Group

Berkshire Hathaway chair can now claim $100B to his name

(Newser) - Tired: becoming a billionaire. Wired: entering the $100 billion club. Now in the latter category is Warren Buffett, who on Wednesday joined an elite group of five—Bill Gates, Elon Musk, Jeff Bezos, Mark Zuckerberg, and LVMH Chair Bernard Arnault—who've been able to claim that benchmark amount in...

Want to Go on SpaceX Flight to the Moon? He's Paying

Japanese billionaire Yusaku Maezawa launches contest for 8 to ride with him to lunar orbit in 2023

(Newser) - It's a Frank Sinatra song come to life, courtesy of a billionaire. In 2018, tycoon and art collector Yusaku Maezawa, founder of Japanese online fashion mall Zozotown, was announced as the first signed passenger aboard SpaceX's Starship rocket, set to fly to the moon sometime in 2023. At...

Next-Door Neighbors in Bizarre Feud, Billionaire-Style
Billionaire Offers to End 'Petty'
$1M Fight. Foe Says Nope
in case you missed it
Dec 12, 2020 12:10 PM CST

Billionaire Offers to End 'Petty' $1M Fight. Foe Says Nope

It's all over an expensive lawn sculpture Pimco co-founder erected in his yard in Laguna Beach

(Newser) - "I do not willingly back down from a fight," says billionaire Bill Gross, who's engaged in a legal battle with his Laguna Beach neighbor over a $1 million lawn sculpture. But even the Pimco co-founder says he's had enough of this "petty" disagreement amid a...

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