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The life of Sheldon Adelson, the late casino billionaire behind The Venetian and Marina Bay Sands, who donated more than $120 million to Republican causes in 2020

Gambling giant Las Vegas Sands Corp's Chief Executive Sheldon Adelson speaks during an interview with Reuters in Macau, China, December 18, 2015. REUTERS/Tyrone Siu Sheldon Adelson, the billionaire casino magnate and Republican donor, died on January 11 at the age of 87. Adelson, who was chairman and majority shareholder of the world's largest casino operator, Las Vegas Sands, was worth an estimated $33 billion in January 2021 before he died, per Bloomberg's Billionaires Index. Adelson...
Tags: Asia, Politics, Hollywood, Republicans, Hotels, Boston, Singapore, Softbank, Israel, Trends, Bloomberg, Features, New York Times, Billionaires, Sheldon Adelson, Airbus


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


Where is Jack Ma? Alibaba's billionaire founder is reportedly missing following China's crackdowns on his companies

Once China's richest man, Jack Ma's net worth has fallen by $12 billion in just two months. Wang HE/Getty Images Chinese billionaire Jack Ma is suspected missing, Jessica Yun reported for Yahoo Finance.  Per the report, the Alibaba and Ant Group founder has not been seen publicly in more than two months and he was abruptly replaced as a judge on the African talent show he founded. Chinese regulators have been cracking down on Ma's business empire in recent months, halting Ant Group...
Tags: China, Trends, Billionaires, Shanghai, Alibaba, Retail, Alipay, Jack Ma, Ma, Wang, Yahoo Finance, Bloomberg Billionaires Index, Tech Insider, Amazon of China, Guo Wengui, Katie Canales


Where is Jack Ma? Alibaba's billionaire founder hasn't been seen publicly in 2 months following China's crackdowns on his companies

Once China's richest man, Jack Ma's net worth has fallen by $12 billion in just two months. Wang HE/Getty Images Chinese billionaire Jack Ma is suspected missing, Jessica Yun reported for Yahoo Finance.  Per the report, the Alibaba and Ant Group founder has not been seen publicly in more than two months and he was abruptly replaced as a judge on the African talent show he founded. Chinese regulators have been cracking down on Ma's business empire in recent months, halting Ant Group...
Tags: China, Trends, Billionaires, Shanghai, Alibaba, Retail, Alipay, Jack Ma, Ma, Wang, Yahoo Finance, Bloomberg Billionaires Index, Tech Insider, Amazon of China, Guo Wengui, Katie Canales


Asia's new richest person is a Chinese vaccine investor who made $70 billion in 2020, surpassing Indian billionaire Mukesh Ambani

Zhong Shanshan, the chairman of Nongfu Spring Company, at a Nongfu Spring new product launch conference in February 2015 in Baishan, China. Jiang Xin/VCG via Getty Images Chinese billionaire Zhong Shanshan made more than $70 billion in 2020 to become the new richest person in Asia, Richard Macauley and Venus Feng reported for Bloomberg. Shanshan's net worth is estimated at $77.8 billion, making him the 11th-richest person in the world right behind Oracle cofounder Larry Ellison.  The 66-ye...
Tags: Facebook, Asia, Hong Kong, China, Trends, Bloomberg, Billionaires, Larry Ellison, Retail, Vaccines, KKR, Oracle, Reliance Industries, Lone Wolf, Bottled Water, Sheldon Cooper


The billionaire CEO of Paycom just paid $26.5 million for a beachfront Malibu mansion that took 12 years to build and blends into the rocks. Take a look inside.

The previous owners bought the beachfront property in 2000 and spent 12 years building their dream home. Douglas Elliman Paycom CEO Chad Richison, just paid $26.5 million for a secluded Malibu estate that sits right on the beach, James McClain first reported for Dirt, a luxury real-estate news site. Richison bought the home from attorney Dale Kinsella and skincare company founder Liz Edlich, who picked up the property in 2000 and spent 12 years building the beach house, per Dirt. The 3,800...
Tags: Florida, Real Estate, France, India, Trends, Features, Billionaires, Warren Buffett, Lady Gaga, Malibu, Forbes, Trump, Red Hot Chili Peppers, Luxury Real Estate, Elliott, Edmond Oklahoma


17 things millionaires do differently from everyone else

Millionaires don't build wealth without standing out from the crowd. Edward Berthelot/Getty Images Self-made millionaires do things a little differently from everyone else. They allocate their time and energy differently, focusing more on personal growth, their thoughts, investments, and work. They also exhibit heightened levels of certain traits, like frugality, resiliency, conscientiousness, and consistency. Visit Business Insider's homepage for more stories. Self-made millionaires d...
Tags: Personal Finance, America, Trends, Wealth, Features, Billionaires, Warren Buffett, John, Millionaires, Nigel, Building Wealth, Vanguard, Hogan, ESI, Corley, Chris Hogan


Warren Buffett is the world's sixth-richest man. Here's how the notoriously frugal billionaire spends his $84.6 billion fortune.

Warren Buffett. Getty Berkshire Hathaway CEO Warren Buffett's net worth is an estimated $84.6 billion. Buffett lives modestly, still residing in the house he purchased in the '50s, and is one of the world's most generous philanthropists, opting to give away most of his fortune to charity. Buffett recently offered advice in a virtual commencement address: read, communicate, and find a job you love. Visit Business Insider's homepage for more stories. Warren Buffett, age 90, has some advice f...
Tags: England, Jennifer Lawrence, Greece, Microsoft, Washington Post, Finance, China, Trends, Wealth, Ap, Bbc, Cnn, Features, Piers Morgan, Billionaires, Bill Gates


Investor Ron Conway and Zillow CEO Rich Barton are among 13 new billionaires who have agreed to give away most of their fortunes by signing the Giving Pledge

Ron Conway in 2017. Steve Jennings/Getty Images for TechCrunch Famed Silicon Valley investor Ron Conway, Zillow cofounder Rich Barton, and early Facebook employee Jeff Rothschild are among this year's new signatories of the Giving Pledge, thereby agreeing to give the majority of their net worths to charity. This year's 13 additions to the Giving Pledge have a combined net worth of around $40 billion. The Giving Pledge was founded in 2010 by Bill and Melinda Gates and investor Warren Buffet...
Tags: Amazon, Facebook, Mark Zuckerberg, News, Microsoft, Finance, US, Trends, Strategy, Billionaires, Paul Allen, Warren Buffett, Silicon Valley, Bill, Jeff Bezos, Zillow


Members of Congress to Receive Covid-19 Vaccine While Debating How Many Crumbs to Give Americans

Members of Congress will be able to get vaccinated for covid-19 in the first round of inoculations currently being rolled out by Pfizer and BioNTech, according to the physician to Congress and a new report from Reuters. Meanwhile, those same members of Congress are still debating whether to give Americans $600 each in…Read more...
Tags: Amazon, Science, Congress, Billionaires, Mitch McConnell, Fox News, Pfizer, Nancy Pelosi, Jeff Bezos, Vaccines, Donald Trump, Wuhan, Reuters, Mike Pence, Sean Duffy, Johns Hopkins University


Nearly 8 million Americans fell below the poverty line since the summer as the government stopped writing checks for stimulus, unemployment, and small business aid

Since the start of the pandemic, over 86 million claims for unemployment insurance have been filed, the researchers note. REUTERS/Lucy Nicholson Some 7.8 million Americans fell into poverty between June and November, per a new report by researchers at the University of Chicago and the University of Notre Dame. In order to fall below the federal poverty line, one has to have an income at or below $12,000 or $26,200 for a family of four. The five-month spike is the largest jump in a single y...
Tags: Amazon, Washington Post, US, West Virginia, Trends, Walmart, Poverty, Economy, Billionaires, University Of Chicago, Jeff Bezos, Inequality, Lucy Nicholson, Sen Joe Manchin, Congress Read, JPMorgan Chase Institute


As Americans overall grow more worried about inequality, those making $100,000 and up are surging in consumer confidence

Stuart Malcolm, a doctor with the Haight Ashbury Free Clinic, speaks with homeless people about the coronavirus in San Francisco on March 17, 2020. Josh Edelson/AFP/Getty Images Axios reports that almost half of Americans are "very concerned" about rising inequality, citing a survey from research firm CivicScience. The survey found 78% of Americans are "somewhat" concerned about the rise in inequality, while 48% are "very." As Axios notes, Morning Consult data found that, while consumer co...
Tags: San Francisco, Trends, Wealth, Economy, Billionaires, Income Inequality, Survey, Inequality, Jamie Dimon, Pew Research Center, Wealthy, Josh Edelson, Consumer Confidence, Morning Consult, CivicScience, Stuart Malcolm


A family feud over a $400 million trust fund, a massive fortune that left one heiress with an inferiority complex, and a sprawling media empire: Meet the Disney family

Walt Disney with one of his grandchildren. Gene Lester/Getty Images The Walt Disney Company is worth an estimated $130 billion. That net worth is poised to grow as the company becomes a major streaming TV player. After announcing streaming plans in a December Investor Day, its market value increased by $32 billion. The Disney family's fortune isn't known, but the family owns less than 3% of the company, according to Walt Disney's grand-nephew, Roy P. Two of Walt Disney's grandchildren beca...
Tags: Amazon, Florida, Hollywood, Media, New York City, Disney, Nbc News, Los Angeles, Trends, Wealth, Features, Fox, Missouri, Billionaires, Walt Disney Company, Roy


This chart shows how 4 of the wealthiest men in the US got $229 billion richer in 2020

Jeff Bezos, Elon Musk, Bill Gates, and Mark Zuckerberg saw their net worths sky rocket in 2020. Britta Pedersen-Pool/Getty Images; Arif Hudaverdi Yaman/Getty Images; KENZO TRIBOUILLARD/Getty Images; Mike Cohen/Getty Images; Yuqing Liu/Business Insider The four richest men in the US — Jeff Bezos, Elon Musk, Bill Gates, and Mark Zuckerberg — saw their collective net worth grow by $229 billion in 2020.  Amazon CEO Bezos is now worth $183 billion, adding $67.9 billion to his fortune over the c...
Tags: Amazon, Facebook, Mark Zuckerberg, Elon Musk, News, Microsoft, US, America, Trends, Tesla, Bloomberg, Billionaires, Bill Gates, Retail, Jeff Bezos, Lithuania


Bill Gates has been unseated as the world's second-richest person. Here's how he spends his $129 billion fortune, from a luxury-car collection to incredible real estate.

Bill Gates has an estimated net worth of $129 billion. Thierry Chesnot/Getty Images Bill Gates, who has an estimated net worth of $129 billion, is no longer the world's second-richest person. Elon Musk unseated Gates' title, but Gates is still one of three people in the world with a net worth over $100 billion. While Gates indulges in a few luxuries, they make up only a fraction of his fortune. He mainly spends his billions on charity through the Bill & Melinda Gates Foundation and plans t...
Tags: Amazon, Facebook, Elon Musk, News, Microsoft, Australia, California, Washington, New York City, Nigeria, US, San Francisco, Barack Obama, Trends, Atlanta, Wealth


American billionaires' net worths have grown to $4 trillion during the coronavirus pandemic

Jeff Bezos has seen his net worth grow by $71.4 billion. David McNew/Getty Images During the coronavirus pandemic, American billionaires have seen their collective wealth grow to $4 trillion. The 10 richest billionaires are now worth more than $1 trillion, which is larger than the current stimulus package being negotiated. Meanwhile, lower-income Americans have been particularly hard hit during the coronavirus pandemic. Visit Business Insider's homepage for more stories. US billionaires ha...
Tags: US, America, Trends, Strategy, Wealth, Billionaires, Bill Gates, Jeff Bezos, Inequality, Wall Street Journal, Stimulus, Pew Research Center, Collins, IPS, Fed, Tax Fairness


A group of UK experts is pushing for a one-time wealth tax, and one-off taxes on the ultrawealthy have already become law elsewhere

The proposed tax could bring in over $348 billion. Karol Serewis/SOPA Images/LightRocket via Getty Images The UK Wealth Tax Commission is calling for a one-off tax on the wealthy to help with coronavirus recovery. The experts behind the report say the proposed measure could raise 260 billion pounds — or around $348 billion. It wouldn't be the first time that the UK has imposed a one-off tax. Earlier this week, Argentina voted to tax the super-rich.  Visit Business Insider's homepage for mo...
Tags: UK, San Francisco, Trends, Strategy, Margaret Thatcher, Billionaires, Arizona, Argentina, Millionaires, Ben Jerry, Jerry Greenfield, Abigail Disney, Gus O Donnell, Wealth Tax, Wealth Taxes, Juliana Kaplan


Inside Miami's exclusive, high-security 'Billionaire Bunker,' where Ivanka Trump and Jared Kushner just dropped $30 million on an empty lot

Mansions line the perimeter of Indian Creek Island, while the center is occupied by an 18-hole golf course. Katie Warren/Business Insider Miami's Indian Creek Village is a tiny private island with just 34 homes that's been nicknamed the "Billionaire Bunker" for the famous and ultrawealthy people who call it home. Billionaire investor Carl Icahn, supermodel Adriana Lima, and former Miami Dolphins coach Don Shula are among the island's elite residents. Spanish singer Julio Iglesias, Enrique ...
Tags: Travel, Asia, Florida, Real Estate, Finance, US, Trends, Features, Billionaires, Miami, Miami Dolphins, North America, Sears, On The Road, Carl Icahn, Iglesias


Philanthropy is still dominated by the ultrawealthy, but asking billionaires to solve inequality is colossally stupid

Bruce, one of the vegetarian sharks in "Finding Nemo." Disney Pixar If 2020 has made anything clear, it's that billionaires aren't going to save us — and that goes for all the millions they spend on philanthropy. Philanthropy is currently dominated by high-net-worth individuals, and philanthropy was already serving an outsized role in American life even before the inconsistent government response to the pandemic. Anand Giridharadas, the author whose book "Winners Take All" criticizes this ...
Tags: Google, Instagram, Congress, Elizabeth Warren, US, America, Trends, Wealth, Bank Of America, Economy, Analysis, New York Times, Billionaires, Bill, Philanthropy, Melinda Gates


Billionaire Eric Schmidt, the former Google CEO, disagrees with AOC on whether his class is a 'policy failure.' He says you can't generalize and she says it's immoral.

Eric Schmidt , former chairman and CEO at Google, visits Fox Business Network Studios on April 16, 2019 in New York City. John Lamparski/Getty Images In an interview with Time, the former Google CEO Eric Schmidt, himself a billionaire, pushed back against the idea that "every billionaire is a policy failure." "We would probably all be better off spending more time understanding the contributions made by specific individuals and not making generalizations about anyone," Schmidt told Eben Sh...
Tags: Google, Instagram, New York City, Time, Alabama, Trends, Wealth, Economy, Billionaires, Warren Buffett, Eric Schmidt, Wealthy, Aoc, SCHMIDT, Arts & Culture, John Lamparski Getty


Moderna's CEO sold nearly $2 million of his stock ahead of the company's emergency use vaccine filing. He's now worth $3 billion.

Moderna CEO, Stephane Bancel. Andrew Dunn/Business Insider Moderna CEO Stephane Bancel sold almost $2 million in shares ahead of the company's emergency use authorization filing for its COVID-19 vaccine.Bancel sold a total of 19,000 shares between November 18-19 as part of a predetermined trading plan amended May 21, according to a filing with the SEC.Moderna is the second major drug company to announce success in a late-stage COVID-19 vaccine trial. It expects to file for FDA approval by t...
Tags: Trends, Markets, Billionaires, SEC, Stocks, Fda, Pfizer, Goldman, Pharmaceutical, Pharma Company, Moderna, Healthcare Stocks, Stéphane Bancel, Albert Bourla, Coronavirus, Bancel


Elon Musk is $8 billion away from surpassing Bill Gates as the world's second-richest person

Tesla and SpaceX CEO Elon Musk. Patrick Pleul/picture alliance via Getty Images Elon Musk is $8 billion away from surpassing Bill Gates as the world's second-richest person.  Musk's wealth has continued to climb this week: It first hit $114 billion after Tesla was added to the S&P 500 index, edging out Facebook CEO Mark Zuckerberg. Now, it's gained another $10.2 billion after Tesla shares spiked 10% on Wednesday, according to Bloomberg. Visit Business Insider's homepage for more stories. E...
Tags: Amazon, Facebook, Mark Zuckerberg, Spacex, Elon Musk, California, Trends, Tesla, Porsche, Billionaires, Bill Gates, Jeff Bezos, Morgan Stanley, Gates, Musk, Blue Origin


Jack Ma is set become the world's 11th-richest person on Ant Group's IPO, leapfrogging heirs to L'Oreal and Walmart with his $71.1 billion fortune

Wang HE/Getty Images Alibaba Group co-founder Jack Ma is set to become the 11th-richest person in the world. Alibaba's financial services company Ant Group plans to go public in November. Based on share pricing for the IPO, Ma's fortune will jump to $71.1 billion, moving him up six places on Bloomberg's Billionaires Index. This will make him richer than Oracle's Larry Ellison, L'Oreal heiress Francoise Bettencourt Meyers, and three individual members of the Walmart-owning Walton family. M...
Tags: Asia, Hong Kong, China, Trends, Walmart, Bloomberg, Billionaires, Larry Ellison, Shanghai, Alibaba, Tencent, Dell, Alibaba Group, Jack Ma, Oracle, Walton


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


US billionaires saw their net worth rise by almost $1 trillion between March and October — Jeff Bezos remains the richest, a study says

Amazon CEO Jeff Bezos. Andrej Sokolow/picture alliance via Getty Images The US's 644 richest people saw their net worth rise by $931 billion in the seven months to October 13, a survey on Tuesday found. Quicken Loans' Dan Gilbert and Tesla's Elon Musk have seen triple-digit percentage increases, while Amazon boss Jeff Bezos saw an 80% rise, retaining his spot as the richest person. The Institute for Policy Studies and Americans for Tax Fairness study found US billionaires' total net worth ...
Tags: Amazon, Facebook, Mark Zuckerberg, Elon Musk, Finance, US, Trends, Wealth, Markets, Tesla, Billionaires, Ubs, Jeff Bezos, Inequality, Wealth Inequality, Dan Gilbert


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