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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

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...

UK Billionaire, Soccer Team Owner Charged in US With Insider Trading
Billionaire Joe Lewis
Won't End Up Behind Bars

Billionaire Joe Lewis Won't End Up Behind Bars

Ex-Tottenham Hotspur owner, 87, avoids jail time in insider trading case due to age, declining health

(Newser) - Joe Lewis won't see prison after all. The 87-year-old ex-owner of the Tottenham Hotspur soccer team was sentenced on Thursday for his role in an insider trading case that's said to have made his friends and associates millions, but US District Judge Jessica Clarke went easy on him...

Today's 'Baby' Billionaires Didn't Exactly Earn Their Wealth

For the first time, none of the 30-and-under set on 'Forbes' list of youngest billionaires is self-made

(Newser) - There are nearly 2,800 billionaires in the world, as of last count, and 15 of them are 30 or under—and, for the first time, everyone from that younger set has inherited their wealth. It's part of the advent of what Forbes calls the "great wealth transfer,...

Trump Now Among 500 Richest
Trump's Net Worth Doubles

Trump's Net Worth Doubles

He's now among 500 richest people, per Bloomberg

(Newser) - There was good and bad but overall, Monday was a great day for Donald Trump and, as Bloomberg reports, "the single-greatest day on record for the former president's wealth." In merging his social media company Trump Media and Technology Group with Digital World Acquisition Corp., Trump took...

Report: Trump Tried to Get Musk to Buy 2nd Social Media Site

'WaPo' reports on the evolving relationship between the billionaires

(Newser) - The presumptive Republican nominee for president and the world's second-richest man have a cozier relationship than previously known, according to a Washington Post report, which describes numerous conversations in which Donald Trump and Elon Musk discussed politics, business, and the potential sale of Truth Social. According to the Post,...

Elon Musk Does Not Like MacKenzie Scott's Billions to Charity

Calls fellow billionaire's charitable giving among the reasons 'that Western Civilization died'

(Newser) - MacKenzie Scott has become a power player in philanthropic circles, donating billions to charity since her split with Amazon founder Jeff Bezos in 2019. That charitable giving, however, has apparently attracted the ire of a fellow billionaire: X owner Elon Musk, who had words for Scott on his social media...

After Meeting With Trump, Elon Musk Clarifies One Thing

X owner was spotted at weekend gathering with Trump, wealthy GOP donors in Florida

(Newser) - After a report surfaced that Donald Trump met with Elon Musk as a potential campaign donor over the weekend, Musk is shooting down the possibility. "Just to be super clear, I am not donating money to either candidate for US President," he tweeted Wednesday.

'Clock Is Ticking' on Plan for Controversial New Eco-City

California Forever scrambles for signatures to get billionaire Sramek's initiative on November ballot

(Newser) - After two false starts, the billionaires behind a plan to build an eco-friendly city from scratch are behind schedule to put their proposal before California voters this November. Former Goldman Sachs trader Jan Sramek unveiled his closely guarded ballot initiative for the proposed community between San Francisco and Sacramento in...

Jerry Jones Must Take Paternity Test, Judge Rules

Texas judge upholds decision involving suit by woman who says Dallas Cowboys owner is her dad

(Newser) - Father's Day this year might look different for Jerry Jones. A Texas judge on Wednesday nixed an appeal by the owner of the Dallas Cowboys, the most valuable sports franchise in the world, in a 2022 paternity case involving a 27-year-old woman who says Jones, 81, is her biological...

For Years, He Secretly Bought Land. Now, His Plans Emerge

Jan Sramek's billionaire-backed 'California Forever' firm wants to build a city in Solano County

(Newser) - After years of secretly snapping up farmland for a new city northeast of San Francisco, the CEO of a company backed by Silicon Valley billionaires pitched voters Wednesday on his vision for a walkable, affordable community that would appeal to their California pride. Jan Sramek, a former Goldman Sachs trader...

This Gambling Bigwig's Salary Is Really Flush, Critics Say

Think tank slams Bet365 CEO Denise Coates' $280M as not being 'sensible or proportionate'

(Newser) - A billionaire gambling exec added to her bank account substantially last year, in a salary increase that has some pushing back. The BBC reports that Denise Coates, founder and CEO of the online gambling firm Bet365, saw a nearly $9 million paycheck bump in 2023, with her salary jumping to...

L'Oreal Heiress Is First Woman With $100B

Francoise Bettencourt Meyers is the world's richest woman, 12th richest person

(Newser) - Francoise Bettencourt Meyers, heiress to the L'Oreal cosmetics empire and the world's richest woman, is now also the first female to amass a $100 billion fortune. L'Oreal's stock rose 35% this year to hit a record high, which CNN attributes to shoppers "splurging on luxury...

A Twist in Figma's Rise: Adobe Deal Is Called Off

The companies said they doubted they could secure regulatory approval of the deal

(Newser) - "If this deal fell apart tomorrow, I'd feel just fine," said Figma co-founder Dylan Field when Adobe's planned $20 billion acquisition of the company was announced in September. No word on whether that's how he's feeling after the companies called off the deal Monday,...

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