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The incredible life and career rise of Melinda Gates - one of the world's richest and most powerful women

She heads a foundation with a $40 billion endowment. Jamie McCarthy/Getty Images for Bill & Melinda Gates Foundation Melinda Gates is one of the most powerful women in the world, according to Forbes. She could be worth $73 billion if she and Bill Gates split their fortune equally in the divorce. Gates will continue in her role as co-chair of the Bill and Melinda Gates Foundation. See more stories on Insider's business page. Melinda Gates is the fifth most powerful woman in the world, ...
Tags: Science, News, Microsoft, Obama, Bono, Life, Stanford, Africa, Time, US, America, Trends, Features, United States, U2, Aol


The incredible life of Melinda Gates - one of the world's richest and most powerful women

She heads a foundation with a $40 billion endowment. Jamie McCarthy/Getty Images for Bill & Melinda Gates Foundation Melinda Gates is one of the most powerful women in the world, according to Forbes. She could be worth $73 billion if she and Bill Gates split their fortune equally in the divorce. Gates will continue in her role as co-chair of the Bill and Melinda Gates Foundation. See more stories on Insider's business page. Melinda Gates is the fifth most powerful woman in the world, ...
Tags: Personal Finance, Education, Microsoft, Obama, Bono, Life, Finance, Stanford, Africa, Time, US, Careers, America, Trends, Features, United States


Bill Gates added a $43 million beachfront home to his sprawling real estate portfolio last year. Here's a closer look at his empire, which also includes a $130 million Washington mansion and horse ranches in Florida.

Microsoft cofounder Bill Gates. Susan Walsh/AP Photo Bill Gates has amassed a multimillion-dollar property empire. His portfolio includes Florida horse ranches, a Washington mansion, and a San Diego beach house. Now, that property may be divided in his divorce from his wife of 27 years, Melinda. See more stories on Insider's business page. Bill Gates has amassed a property empire over the years. From his $130 million Washington mansion nicknamed "Xanadu 2.0," to Florida horse ranches,...
Tags: Florida, Microsoft, California, Washington, Saudi Arabia, Life, US, San Francisco, Trends, Atlanta, Wealth, Features, Wyoming, House, Billionaires, Bill Gates


The life and career of Bernard Arnault, the luxury goods mogul who owns brands like Louis Vuitton - and whose wealth is surpassed only by Jeff Bezos and Elon Musk

Bernard Arnault is the chairman and CEO of LVMH, the world's largest maker of luxury goods. ERIC PIERMONT/AFP via Getty Images Bernard Arnault briefly surpassed Elon Musk as the world's second-richest person this week. Arnault controls the massive luxury conglomerate LVMH Moët Hennessy - Louis Vuitton. Four of Arnault's children work at LVMH brands, including Louis Vuitton, Berluti, and TAG Heuer. See more stories on Insider's business page. When it comes to the world of l...
Tags: Apple, Facebook, Fashion, Elon Musk, New York, London, Wales, Vladimir Putin, Steve Jobs, France, Life, New York City, US, Careers, Los Angeles, Trends


Nearly 500 new billionaires joined the ranks of Jeff Bezos and Elon Musk last year as the world's richest became $5 trillion richer

From left: Amazon CEO Jeff Bezos; Tesla CEO Elon Musk; LVMH CEO Bernard Arnault; and Microsoft cofounder Bill Gates. MANDEL NGAN/AFP via Getty Images; Britta Pedersen-Pool/Getty Images; Nicholas Kamm/Getty Images; Elaine Thompson/AP Photo The world's richest are $5 trillion richer than they were one year ago, according to Forbes. Executives like Jeff Bezos, Elon Musk, and Bernard Arnault all saw massive gains amid the pandemic. Meanwhile, 2020 was a period of economic uncertainty and j...
Tags: Amazon, Mark Zuckerberg, Spacex, Elon Musk, Microsoft, Life, US, Trends, Tesla, Getty Images, Billionaires, Bill Gates, Jeff Bezos, Lvmh, Forbes, Bezos


10 of the richest LGBTQ people in the world

Tim Cook and Giorgio Armani are worth billions. Steve Granitz & Vittorio Zunino Celotto / Getty There are a few LGBTQ people in the world who are billionaires and millionaires.  DreamWorks' co-founder David Geffen and PayPal co-founder Peter Thiel are worth over $5 billion.  Giorgio Armani's is worth $8.9 billion, while Michael Kors is worth $600 million. Visit Business Insider's homepage for more stories. While the elite group of billionaires and millionaires lacks diversity, some member...
Tags: Apple, Facebook, England, Hollywood, Cook, Money, Steve Jobs, Ebay, Life, Lgbt, New York City, Los Angeles, Trends, Paypal, Palo Alto, Billionaires


13 things you probably didn't know about Jeff Bezos

Amazon CEO Jeff Bezos. MARK RALSTON/AFP via Getty Images Amazon founder and CEO Jeff Bezos, who turns 57 on January 12, was born in New Mexico to a teenage mother and father.  Even at a young age, he showed a knack for engineering and inventing. You might not know that Bezos almost named his wildly successful company "Cadabra." In August 2020, he became the first person to accumulate a fortune of over $200 billion. Visit Business Insider's homepage for more stories. Jeff Bezos is known as ...
Tags: Amazon, Spacex, Texas, Jay Leno, Washington, Life, Wall Street, New York City, US, Trends, Cnn, Features, Ted Cruz, Billionaires, Holland, New Mexico


Jack Ma hasn't been seen in 2 months after clashing with Chinese regulators. Here's a look at how the Alibaba and Ant Group founder got started as a scrappy underdog and amassed a $50 billion fortune.

Jack Ma. VCG/VCG via Getty Images Jack Ma, the billionaire founder of Alibaba and Ant Group, hasn't been seen in over two months, leading many to speculate that Ma is missing. Ma recently sparred with Chinese officials over Ant's planned initial public offering and the size and scope of Alibaba. The IPO has since been shelved and Alibaba is being investigated by antitrust regulators. Multiple sources say Ma is simply laying low amid the crackdown on his businesses. Ma, who founded Alibaba ...
Tags: Usa, New York, Yahoo, Ebay, Life, Finance, China, Ipo, Softbank, US, San Francisco, Trends, Wealth, Bloomberg, Features, Harvard


Vacuum cleaner billionaire James Dyson sold Singapore's most expensive penthouse for $47 million — that's $7 million less than what he paid for it a year ago

Tristan Fewings/BFC/Getty Images for BFC James Dyson, the billionaire inventor of the Dyson vacuum cleaner, sold Singapore's most-expensive penthouse to infotech billionaire Leo Koguan, Singapore's Business Times reported. Dyson sold it for $47 million — 13% less than the $54 million he paid for it in July 2019. The penthouse occupies the top three storeys of Singapore's tallest building, the 64-floor Guoco Tower in Tanjong Pagar. It is spread across three floors and boasts a swimming poo...
Tags: Real Estate, Life, Singapore, US, Trends, House Prices, Bbc, Britain, Billionaires, Property Prices, James Dyson, Dyson, Cnbc, Brexit, Billionaire, Shark Tank


How billionaires stay rich amid skyrocketing rates of 'wealth erosion'

The number of one-time billionaires who dropped out of the three comma club was 10 times higher in 2019 than in 2010. Rana Faure / Getty Images Billionaire who stay rich tend to all do one important thing with their fortunes according to a new report —diversify it. The number of one-time billionaires who dropped out of the three comma club was 10 times higher in 2019 than in 2010. Not all classes of assets are equally beneficial to people looking to stabilize their net worths.   Visit Busi...
Tags: Careers, America, Trends, Markets, Billionaires, Pwc, Ubs, Juul, Billionaire, Chang, Arts & Culture, Net Worth, UBS Global Wealth Management, James Monsees, Adam Bowen, Jin Sook


Meet the billionaire doctors behind Regeneron, the pharmaceutical company that developed Trump's experimental COVID-19 treatment

Regeneron billionaires Leonard Schleifer and George Yancopoulos. Victor Hugo/Patrick McMullan; Victor Hugo/Patrick McMullan; Taylor Nicole Rogers/Business Insider Leonard Schleifer and George Yancopoulos, the billionaire doctors behind Regeneron Pharmaceuticals, are worth nearly $4 billion combined. President Trump took a high dose of the experimental 'antibody cocktail' that Regeneron is developing to treat his case of COVID-19. Even before he took the drug, the president was friendly wit...
Tags: New York, Life, New York City, US, Trends, Turkey, Cnn, Features, David, United States, New York Times, Billionaires, The Times, Merrill Lynch, Manhattan, Columbia University


The 20 richest people in media, who have a collective net worth of more than $190 billion

Former Mayor of New York Michael Bloomberg speaks at the dedication ceremony of the Memorial Glade at the 9/11 Memorial site in the Manhattan borough of New York, New York, May 30, 2019. Carlo Allegri/Reuters Worth a combined $192 billion, media's richest players are behind massive publications such as Bloomberg and Reuters, and entertainment brands like Marvel and Fortnite. Business Insider has compiled a list of the 20 richest people in media, based on their industry classification in th...
Tags: Photos, New York Post, New York, Media, Instagram, Yahoo, Australia, Life, Berlin, New York City, Amc, Israel, Marvel, Disney, US, Dallas Mavericks


5 tax breaks Trump took advantage of that the average American can't

President Donald Trump. REUTERS/Jonathan Ernst President Trump has engaged in several tax avoidance strategies popular with the ultrawealthy, including writing off business losses and reclassifying residences, last weekend's New York Times investigation into his tax returns revealed. The President filed a $70,000 tax deduction for his hairstyling during his time on 'The Apprentice,' listing it as a business expense. Trump also lists his Mar-a-Lago club as his official residence, allowing h...
Tags: Florida, Politics, Washington, Life, White House, Los Angeles, Trends, Features, New York Times, Billionaires, The Times, The New York Times, Times, Donald Trump, Trump National Doral, Billionaire


Mexico's richest man lives a surprisingly frugal life for a billionaire. Take a look at the life of Carlos Slim, who owns Sears Mexico and has lived in the same house for 40 years.

Carlos Slim is the wealthiest man in Mexico by far. Cario Lopez-Mills/ AP Carlos Slim is the richest person in Mexico, worth an estimated $43.6 billion, according to Bloomberg's Billionaires Index. The 80-year-old Mexican billionaire controls America Movil, the largest mobile-phone operator in Latin America, and holds stakes in several other publicly traded companies, including The New York Times. Slim also owns Sears Mexico, which has been growing and opening up new stores despite the cha...
Tags: Google, Mexico, Life, New York City, US, Trends, Bloomberg, Features, New York Times, Billionaires, Bill Gates, Mexico City, Time Magazine, Jordan, Fifth Avenue, Jeff Bezos


Here's how the ultrawealthy got even richer during the pandemic while millions of Americans faced job loss, hunger, and homelessness

Amazon founder and CEO Jeff Bezos laughs as he talks to the media while touring the new Amazon Spheres during the grand opening in Seattle. Reuters Stock market gains over the past six months have allowed America's wealthiest to get even richer, while at the same time a growing number of Americans struggle with basic necessities like food and shelter. Elon Musk alone made over $67 billion during the first six months of the pandemic. The ultrawealthy's profits and the resilience of professi...
Tags: Amazon, Mark Zuckerberg, Elon Musk, New York, Life, Elizabeth Warren, America, Trends, Strategy, Wealth, Tesla, Unemployment, Billionaires, Jeff Bezos, Stock Market, Inequality


The father-son billionaires behind online used-car seller Carvana saw their fortunes soar $5 billion in a day as the company projects record profits

Ernest Garcia III is the CEO of Carvana. Brendan McDermid/Reuters Ernie Garcia II and Ernest Garcia III, the father-son team behind online used-vehicle sales platform Carvana, saw $5 billion added to their net worths on Tuesday as the company posted record profits. The coronavirus pandemic put used cars in high demand as Americans seek to avoid public transit, Piper Sandler analyst Alexander Potter wrote Tuesday, per Bloomberg. The trend helped Carvana shares rise nearly 140% from the star...
Tags: Transportation, Life, Cars, US, Trends, Bloomberg, Billionaires, Used Cars, Billionaire, Garcia, Garcias, Arts & Culture, Carvana, Alexander Potter, Ernie Garcia, Piper Sandler


Tadashi Yanai is the richest person in Japan. Here's how the founder of Uniqlo built and spends his $32 billion fortune.

Yanai opened the first Uniqlo store in 1984. MARTIN BUREAU/AFP/Getty Images Tadashi Yanai is the richest person in Japan, worth an estimated $31.9 billion. He lives in a $50 million house in the woods outside of Tokyo and owns two golf courses in Hawaii. The 71-year-old billionaire's fortune comes from his position as chairman, CEO, and the biggest shareholder of Fast Retailing, the largest clothing retailer in Asia and parent company of Uniqlo. For 18 years, Yanai was an influential membe...
Tags: Asia, Japan, Life, China, Softbank, New York City, US, Trends, Bloomberg, Features, Getty Images, Hawaii, Billionaires, Retail, Tokyo, Zara


Bill Gates says Elon Musk couldn't be confused with Steve Jobs and that electric cars are 'far easier' than other climate change technology

Microsoft founder Bill Gates. Mike Cohen/Getty Images for The New York Times Bill Gates doesn't think it's fair to call Elon Musk "the next Steve Jobs," the billionaire philanthropist said during an interview on Bloomberg TV Thursday. When asked by Bloomberg's Erik Schatzker if Musk was indeed the next Jobs, Gates replied: "If you know people personally, that kind of gross oversimplification seems strange. Elon’s more of a hands-on engineer; Steve was a genius at design and picking people ...
Tags: Elon Musk, Microsoft, Climate Change, Steve Jobs, Life, Trends, Tesla, Bloomberg, Billionaires, Bill Gates, Gates, Steve, Billionaire, Musk, Elon, Erik Schatzker


Giorgio Armani is one of the richest people in fashion. How the 86-year-old designer spends his billions, from a 213-foot yacht to homes in Italy, NYC, and the Caribbean.

Armani is one of the richest people in fashion. Reuters Designer Giorgio Armani is one of the richest men in fashion, worth an estimated $6.24 billion, per the Bloomberg Billionaires Index. The 86-year-old Italian designer made his fortune not only in fashion, but also in accessories, perfumes, sportswear, interior design, real estate, restaurants, hotels, and even chocolate. Armani spends his billions on a 213-foot luxury yacht and homes all over the world, from Italy and the French Rivie...
Tags: Hong Kong, Fashion, New York, Hollywood, Milan, London, Greece, Life, La, New York City, US, Los Angeles, Trends, Bloomberg, Cnn, Features


3 Snowflake founders are now officially billionaires after the Buffett-backed data storage company's record-breaking IPO

Snowflake CEO Frank Slootman is now a billionaire. Snowflake Snowflake CEO Frank Slootman, former CEO Bob Muglia, and cofounder Benoit Dageville are now billionaires after the data storage firm's blockbuster IPO, reported. The eight-year-old data storage firm shot up as much as 165% in mid-day trading in what is so far the biggest IPO of 2020, and the biggest software IPO of all time. Even before his official induction into the three-comma club, Slootman was already paid more than the CE...
Tags: Life, Ipo, Trends, Billionaires, Salesforce, Snowflake, Bob Muglia, Billionaire, Buffett, Arts & Culture, Frank Slootman, Slootman, Muglia, Oracle Microsoft, Benoit Dageville, Dageville


Her fortune came from Hyatt hotels; his came from the Erie Canal. Now, they want the government to tax their millions to fund coronavirus relief.

Liesel Pritzker Simmons received $500 million of the Hyatt hotel fortune after suing her family in 2002. Now, she wants the government to tax her wealth. Robyn Twomey Impact investors Liesel Pritzker Simmons and Ian Simmons are leading the charge for a national wealth tax, despite being multimillionaires themselves. Calls for a tax on the 1% are rising as the coronavirus pandemic exacerbates America's already widening wealth gap. The Simmonses believe such a tax could help fund improvement...
Tags: Politics, New York, Life, Boston, Massachusetts, America, Trends, Strategy, Davos, United States, Billionaires, Millionaire, Millionaires, Andrew Cuomo, UC Berkeley, Bernie Sanders


Jeff Bezos has gotten $70 billion richer in the past 12 months. Here are 11 mind-blowing facts that show just how wealthy the Amazon CEO really is.

Jeff Bezos is so rich that an average American spending $1 is comparable to Bezos spending $1.9 million. MANDEL NGAN/AFP via Getty Images Jeff Bezos is the the world's richest person, with a net worth of $183 billion, according to the Bloomberg's Billionaires Index. In August 2020, the Amazon CEO became the first person in history to be worth $200 billion, although his net worth his since dipped from that peak. Since the beginning of March, as most of the world's richest people have been l...
Tags: Amazon, London, Microsoft, Life, Elizabeth Warren, US, America, Trends, Wealth, Walmart, Bloomberg, Features, Getty Images, Britain, Bureau of Labor Statistics, Harvard University


Starbucks billionaire Howard Schultz just endorsed Biden after nearly running for president himself

Howard Schultz. Stephen Brashear/Getty Former Starbucks CEO Howard Schultz publicly endorsed former Vice President Joe Biden for President in a letter published Monday. Schultz built a $4.2 billion fortune during his time at Starbucks, and pledged to donate at least some of it to Biden's campaign in the letter. Schultz considered running for president himself in 2019, but decided against it. Visit Business Insider's homepage for more stories. Howard Schultz is backing Biden for president.T...
Tags: Politics, Life, White House, America, Trends, Joe Biden, Billionaires, Howard Schultz, Starbucks, Biden, Taylor, Pacific Northwest, Billionaire, Trump, Election 2020, Schultz


Look inside a billionaire developer's $140 million 'spaceship house' in a Russian forest, which has an underground nightclub and a master bedroom that soars 100 feet in the air

The Capital Hill Residence is the only private home designed by legendary architect Zaha Hadid, who died in 2016. OKO Group In a forest outside of Moscow sits a $140 million futuristic-looking "spaceship house." The home was commissioned by Vladislav Doronin, a 57-year-old billionaire real-estate developer and owner of Aman Resorts who once dated Naomi Campbell. The 36,000-square-foot house features a master bedroom set at the top of a 100-foot tower, as well as a 65-foot underground pool,...
Tags: Real Estate, London, Life, Russia, Trends, Features, Billionaires, James Bond, Moscow, Wolseley, Times, Zaha Hadid, Naomi Campbell, Financial Times, Luxury Real Estate, Schumacher


Meet the 15 richest people in finance, who have a collective net worth of over $300 billion

Warren Buffett takes the top spot. Bill Pugliano/Getty The wealthiest people in finance, according to the Bloomberg Billionaires Index and Forbes Billionaires List, have a collective net worth of almost $300 billion.  Included in the mix are self-made tycoons like Warren Buffett, as well as people who have inherited their wealth, like Fidelity scion Abigail Johnson.  From legendary investors to high-flying bankers, here, in ascending order, are the 15 richest people in finance. All ranks a...
Tags: Microsoft, Indonesia, Life, Finance, Boston, India, New York City, US, NFL, Trends, Investment, Bloomberg, Banking, Features, Chicago, Harvard


Billionaire financier Ken Griffin spent $20 million campaigning for Illinois not to raise ultrawealthy residents' taxes amid the coronavirus budget crisis

Ken Griffin. Heidi Gutman/CNBC/NBCU Photo Bank/NBCUniversal via Getty Images Ken Griffin is campaigning to prevent his home state of Illinois from implementing a progressive income tax system that would charge the ultrawealthy more. Griffin, the billionaire hedge-fund manager behind Citadel, donated $20 million to an organization advocating against the tax changes and wrote an op-ed in The Chicago Tribune about the proposal. Illinois is far from the only state facing a budget crisis amid t...
Tags: New York, Life, Trends, Getty Images, Chicago, Billionaires, District Of Columbia, Illinois, Griffin, Billionaire, Hyatt, Chicago Tribune, Springfield, Citadel, Ken Griffin, Sam Zell


Billionaire financier Ken Griffin committed $20 million campaigning for Illinois not to raise wealthy residents' taxes

Ken Griffin. Heidi Gutman/CNBC/NBCU Photo Bank/NBCUniversal via Getty Images Ken Griffin is campaigning to prevent his home state of Illinois from implementing a progressive income tax system that would charge the wealthy more. Griffin, the billionaire hedge-fund manager behind Citadel, donated $20 million to an organization advocating against the tax changes and wrote an op-ed in The Chicago Tribune about the proposal. Other states facing budget shortfalls, like New York, have even debate...
Tags: New York, Life, Trends, Getty Images, Chicago, Billionaires, District Of Columbia, Illinois, Griffin, Billionaire, Hyatt, Chicago Tribune, Springfield, Citadel, Ken Griffin, Sam Zell


Billionaire financier Ken Griffin spent $20 million campaigning for Illinois not to raise his taxes amid the coronavirus budget crisis

Ken Griffin. Heidi Gutman/CNBC/NBCU Photo Bank/NBCUniversal via Getty Images Ken Griffin is campaigning to prevent his home state of Illinois from implementing a progressive income tax system that would charge the ultrawealthy more. Griffin, the billionaire hedge-fund manager behind Citadel, donated $20 million to an organization advocating against the tax changes and wrote an op-ed in The Chicago Tribune about the proposal. Illinois is far from the only state facing a budget crisis amid t...
Tags: New York, Life, Trends, Getty Images, Chicago, Billionaires, District Of Columbia, Illinois, Griffin, Billionaire, Chicago Tribune, Springfield, Citadel, Ken Griffin, Sam Zell, Equity Group Investments


Meet the richest women in India who have a combined net worth of $18 billion

India's richest woman is Savitri Jindal, the 70-year-old chair of multibillion dollar conglomerate Jindal Group. Rajkumar/Mint via Getty Images India is home to five female billionaires, according to Forbes' Real-Time Billionaires list. The richest woman in India is Savitri Jindal, the 70-year-old chair of a multibillion dollar conglomerate, who's worth $7.1 billion. India's women billionaires also include the heads of pharmaceutical, software, and consumer goods companies. Their cumul...
Tags: Asia, Life, India, Trends, Wealth, Features, USV, Billionaires, Guatemala, Mumbai, Jindal, Mukesh Ambani, Arts & Culture, Godrej Group, Zoho Corp, Getty Images India


Meet Eric Yuan, the founder and CEO of Zoom, who has made over $12 billion since March and now ranks among the 400 richest people in America

Zoom founder Eric Yuan speaks before the Nasdaq opening bell ceremony on April 18, 2019 in New York City. Kena Betancur/Getty Images Eric Yuan, the founder and CEO of video conferencing startup Zoom Technologies, Inc., built a $35 billion video conferencing empire in nine years. Yuan got the idea for Zoom while trying to find a way to connect with his long-distance girlfriend. The 50-year-old billionaire's net worth jumped 396.5% to $17.7 billion in 2020 so far, as the rest of the world su...
Tags: Japan, UK, New York, California, Life, China, New York City, America, San Francisco, Trends, Tech, Cisco, Tesla, Bloomberg, Features, United States



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