Billionaire News

Racine - A billionaire who confessed to repeatedly molesting his stepdaughter starting when she was 12 years old was sentenced by a Wisconsin judge to four months behind bars, and will be eligible for release after just 60 days.

Janet Jackson (AKA Miss Jackson), 47, sister of the late Michael Jackson and youngest of the iconic Jackson family, has reportedly joined the mega rich by becoming a billionaire. Jackson has earned $1.2 billion, but does this mean she's a billionaire?

Michael Dell is seemingly willing to put his money where his mouth is, as he seeks to use his fortune to take the tech company private.

Charles Wyly, a Texas billionaire and philanthropist, was killed Sunday morning near his Colorado home just outside Aspen. He was 77.

Wang Gongquan has just replaced Anthony Weiner as the Casanova on Twitter. Gongquan broke up with his wife through the micro-blogging service.

New York - American billionaire Donald Trump delivered a signal to GOP contenders this week by sending an aide to Iowa, considered by many as the traditional testing ground for presidential candidates, to meet with Republican representatives.

Mumbai - India's richest man, Mukesh Ambani, has moved into his new home in Mumbai — a 27-storey mansion worth $1 billion. The house, named Antilia, has three helipads, a dance studio, a ball room, a 50-seat theatre and an underground car park for 160 cars.

An Englishman, Alki David, is behind a recent string of offers to pay the more reckless citizens of the world to attempt stunts for the website Battlecam.com

Is he a criminal or one of the world's richest men? Joaquin Guzman Loera is listed as number 41 on Forbes list of the world's most powerful people. He's also a drug lord and Mexico's most-wanted man.

The number of super-rich Chinese exploded this past year despite the global financial crisis, giving China the second largest number of billionaires in the world, measured in US dollars.

A Canadian billionaire who made vast riches by means of circus revealed Wednesday that he will host a live event from orbit on October 9 to promote the importance of clean water globally.

Billionaire George Soros is reported as having declared the worst of the recession over. Of course, he has been "talking up the recovery" since last month. However, employment stats for Canada and the U.S. show an increase in the number of unemployed.

Another casualty due to the global economic crisis as one of the world's wealthiest men is said to have committed suicide due to his financial situation. This comes just months after a rash of suicides in the US related to the financial downturn.

In a speech to the Montreal Board of Trade, Stephen Jarislowsky said the global financial crisis has been fuelled by extreme greed .

The myth that blondes marry rich men more than brunettes has been broken by a UK study. Analysis of the world’s top 100 billionaires has found the exact opposite to be true.

On Wednesday U.S. casino billionaire Sheldon Adelson won damages in London's high court after a British newspaper accused him of cut-throat, ruthless and despicable business practices.

Charles Simonyi the software designer who paid $25 Million for a 13 day space trip has returned to Earth.

Recently, a Japanese billionaire has sold 8 of his mansions to provide housing for the homeless.

Billionaire Genshiro Kawamato opens his mansions for the low income familes and lets them stay for 10 years free.

When officials at Sioux Valley Hospitals & Health Systems told him of their dream to transform the facility into a major research institution for children's health, he donated $400 million.

Billionaire Couple Split amicably without the presence of lawyers.

Russian billionaire Suleiman Kerimov was placed into a coma after suffering severe burns when the Ferrari he was driving crashed and burst into flames in Nice on the French Riviera

"A billionaire investor in General Motors Corp on Wednesday cut his stake by 25 per cent after the company refused to form an alliance with Renault and Nissan that he supported."