billionaire

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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...

Warhol Bidding Is Behind 2014's $16B in Art Sales

Collectors paid more than $650M for Andy Warhol works alone

(Newser) - As it stands, the estimated $16 billion in art sales in 2014 is the second-highest in history, close on the heels of the $16.3 billion record set in 2011. And a sizable chunk is attributed to fierce competition among billionaires for works by Andy Warhol, 1,295 of which...

Youngest Female Billionaire, 30, Revolutionizes Blood Tests

Elizabeth Holmes dropped out of college at 19

(Newser) - Elizabeth Holmes dropped out of college when she was 19; now, she's just 30. She's also the founder of a $9 billion company that's making medical treatment more accessible, and she's the youngest female billionaire in the US, reports Forbes . (She's the third-youngest billionaire overall....

World's Richest Man: 3-Day Workweek 'Will Happen'

Downside? Push retirement age to 75, says Mexican billionaire Carlos Slim

(Newser) - He's said it once and he's saying it again: Carlos Slim envisions a world where we work just three days a week and have more time for the things we enjoy. But this isn't some pipe dream. "I am sure it will happen," the Mexican...

Mr. Diplomacy: Chinese Are 'Mongrels' Who 'Shoot Own People'

Australian lawmaker Clive Palmer creates a ruckus

(Newser) - An Australian billionaire-turned-lawmaker went on live TV yesterday and demonstrated that while he's great at making money, he's not so good with diplomacy. Mining magnate Clive Palmer, whose business is in a nasty legal battle with its state-owned partner in China, got a little heated when asked about...

World&#39;s 2nd-Richest Man Wants a 3-Day Work Week
World's 2nd-Richest Man Wants a 3-Day Work Week
in case you missed it
Jul 26, 2014 7:21 AM CDT

World's 2nd-Richest Man Wants a 3-Day Work Week

But people should work into their 70s, Carlos Slim

(Newser) - People are working too many days but not enough years, according to the world's second-richest man. Mexican telecommunications tycoon Carlos Slim says it is time for a "radical overhaul" that would result in people working just three days a week but postponing retirement until their 70s, reports the...

'Deeply Evil' Billionaire Gets Death Penalty

Liu Han yells out in court: 'I was framed'

(Newser) - Two Chinese brothers have been convicted of murder and running a "mafia-style" gang over two decades—and they'll pay the price with their lives. Billionaire Liu Han, 48, and his brother were leaders of a 36-person gang charged with at least eight murders, Chinese media report, per the...

Tech Honcho Nabs History's Biggest Life Insurance Policy

Identity remains a mystery

(Newser) - An unnamed Silicon Valley billionaire has purchased the world's most valuable life insurance policy. Guinness Book of World Records officials say the $201 million life insurance policy is more than double the previous record, set in 1990 by an unidentified "entertainment industry figure," the San Jose Mercury ...

Adelson Looks to Declare War on Online Gambling

Big GOP donor says it's bad for business, country

(Newser) - Casino boss Sheldon Adelson was in the spotlight last November for his enormous donations to GOP campaigns. This year, he's using his billions to fight another battle—against online gambling. Though Caesars, MGM Resorts, and other competitors say the practice could actually benefit casinos, Adelson disagrees; he says it...

Sustainable Farm Fuels the Left's Sheldon Adelson

Hedge fund billionaire Tom Steyer pushes environmental issues

(Newser) - A hedge-fund billionaire and his wife, a community bank CEO, originally aimed to use their 1,800-acre California ranch to show off soil conservation techniques—but today, it's become a model sustainable farm, and apparently a highly profitable one. At TomKat Ranch, Tom Steyer and Kat Taylor raise grass-fed...

Buffett Drops Out of Forbes Top 3 Billionaires

Carlos Slim still richest guy in the world

(Newser) - Forbes' annual list of billionaires is out—and for the first time since 2000, Warren Buffett didn't make the top three. The list has again expanded; now it contains 1,426 names who boast a total net worth of $5.4 trillion, compared to $4.6 trillion last year....

In-N-Out Burger Run by Female Billionaire, Age 30

Bloomberg shines just a little light on the mysterious Lynsi Torres

(Newser) - As far as company owners go, Lynsi Torres has to be among the most intriguing. A Bloomberg article attempts to put a finger on the mysterious In-N-Out Burger president who, at age 30, is one of the youngest female billionaires on the planet. As Seth Lubove reports, she ended up...

Nazi Goebbels' Descendants Are Secret Billionaires

Slave labor helped build a sprawling business empire

(Newser) - In the dying days of Nazi Germany, Joseph Goebbels and his wife Magda killed their six children with cyanide in Hitler's underground bunker and committed suicide. Goebbels' step-son, Harald—then a prisoner of war in Benghazi—survived the war, and like his half-brother Herbert became one of the most...

Africa Sees Its First Woman Billionaire

Isabel dos Santos is daughter of Angolan president

(Newser) - Africa's got its first female billionaire. Thanks to her shares in Portuguese and Angolan companies, Isabel dos Santos, 40, is now worth more than $1 billion, Forbes reports. The daughter of Jose Eduardo dos Santos, the 33-year president of Angola, she opened her first business, an Angola restaurant, at...

World's Richest Woman's New Idea: Wages of $2 a Day

Gina Rinehart, gaffe magnet?

(Newser) - Gina Rinehart, that charming Australian billionaire who last week advised the world's "jealous" poor to stop whining and drinking so much, is back with more priceless advice. The world's richest woman, who amassed her family fortune via iron-ore mining, thinks Australia's struggling mining industry should look...

World&#39;s Richest Woman Tells &#39;Jealous&#39; Poor to Drink Less
World's Richest Woman to
'Jealous' Poor: Drink Less
IN CASE YOU MISSED IT
Sep 2, 2012 8:49 AM CDT

World's Richest Woman to 'Jealous' Poor: Drink Less

And stop complaining, says Gina Rinehart

(Newser) - Australia's Gina Rinehart may be the world's wealthiest woman, but she's almost certainly not winning any votes for most beloved. The mining tycoon tackled the subject of those who are "jealous" of the rich in a magazine column, and offered them some advice: "Spend less...

Tech Billionaire Buys Most of Hawaiian Island

Larry Ellison buys sixth-largest island for undisclosed sum

(Newser) - Oracle CEO Larry Ellison has picked up a sweet vacation spot: 98% of the Hawaiian island of Lanai. It's not clear what he paid for the 141-square-mile isle, but it was offered for sale for up to $600 million by Castle & Cooke, a company owned by billionaire David...

Donald Trump Cans Fallen Billionaire Patricia Kluge

Former billionaire socialite fired from her own former vineyard by Donald Trump

(Newser) - Patricia Kluge went from billionaire socialite to broke , with Donald Trump snapping up her former winery at a foreclosure auction, but she apparently had not hit bottom until now: Trump, who originally kept her on as VP of operations, has told her she's no longer needed full-time. (The New ...

Sinking Stock Pushes Zuck Off Billionaires Index

As of yesterday, he was no longer one of world's 40 richest

(Newser) - As of yesterday, Priscilla Chan was no longer married to one of the world's 40 richest people. Bloomberg reports that Facebook's much ballyhooed drop below the $30-a-share mark yesterday caused Mark Zuckerberg to drop from the list. With the stock closing at $28.84, his fortune decreased from...

What It's Like to Be a Billionaire —for a Day

New York Times reporter Kevin Roose conducts lifestyle experiment

(Newser) - Driving in a Rolls Royce, getting a bodyguard, flying on a private plane: These aren't normally things that New York Times financial reporter Kevin Roose gets to do. But as a guy who writes about billionaires, he wanted a chance to live like one for 24 hours, he explains...

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