NewsBite

Billionaires

This Month

Pavel Durov is the founder of Telegram and was arrested by French authorities as part of an investigation into criminal activity on the messaging app.

The Telegram billionaire, the yoga instructor and a very messy split

For almost a decade, Irina Bolgar and Pavel Durov enjoyed an extravagant lifestyle, funded by the messaging app. After his arrest, the dream is unravelling.

  • Adam Satariano and Paul Mozur

September

Inside Elon Musk’s mushrooming security apparatus

The world’s richest man has long cultivated a devil-may-care persona. But in private, he has increasingly barricaded himself behind a growing phalanx of armed bodyguards.

  • Kirsten Grind and Jack Ewing

The sad and lonely lives of the world’s richest kids

There’s a darker side to being super-wealthy, from Vladimir Putin’s two secret sons who “live in isolation” to $180,000-a-week clinics for depressed kids.

  • Kate Wills

August

Mike Lynch is one of Britain’s best-known and most controversial technology entrepreneurs.

Mike Lynch died just as he was planning his ‘second life’

The billionaire British tech tycoon loved to appear ruthless but was quick to help those in need.

  • Ben Wright, Matthew Field and James Titcomb
The pool area of an oceanfront estate in Malibu.

Ultra-luxury home sales in US are on pace to set record

Billionaires globally have seen their wealth boom, generating momentum for major home purchases.

  • Jennifer Epstein
Advertisement
In Switzerland, about 4500 foreigners have individually negotiated tax arrangements with the state.

The global rich are moving in search of lower taxes

A record 128,000 millionaires are expected to relocate this year, the consequence of a global realignment of how the wealthy are taxed.

  • Emma Agyemang
Warren Buffett in 2018.

Buffett halves his Apple stake in $116b stock dump

The cash pile at Berkshire Hathaway has soared to $US425 billion as Warren Buffett struggles to find stocks to buy.

  • Updated
  • Amanda Cantrell and Alexandre Rajbhandari
Amazon founder Jeff Bezos, 60, the world’s second-richest person, has been steadily offloading Amazon shares this year.

World’s richest lose $205b in stock slump, led by Bezos

Wall Street’s week-ending sell-off hit a raft of billionaires from Jeff Bezos to Elon Musk, Larry Ellison, Mark Zuckerberg, Sergey Brin and Larry Page.

  • Diana Li

July

Nicolas Puech and a horse.

He planned to give $20b to his gardener. Now he’s lost it all

Nicolas Puech was already an outcast in the $237 billion Hermes family. But what happened to his billions of dollars in shares is a mystery.

  • Tara Patel
Friends of Mr Musk, right, have counselled Ms Yaccarino on how she should interact with the willful billionaire, even offering to act as an intermediary with him.

How do you solve a problem like Elon?

Linda Yaccarino, the CEO of X, has worked hard to bring back advertisers and fix the platform’s business. But its owner, Elon Musk, is always one whim away from undoing her work.

  • Kate Conger
Activist hedge fund manager Bill Ackman.

Ackman’s Pershing postpones US fund IPO

Billionaire Bill Ackman’s US closed-end fund is facing a delay to its highly-anticipated initial public offering as it awaits regulatory approval.

  • Yiqin Shen and Bailey Lipschultz
Bernard Arnault, head of LVMH.

How the billionaire ‘godfather of the Olympics’ made his fortune

LVMH chairman Bernard Arnault created the world’s biggest luxury group - and that lavishness will be on full display at the Paris Olympics.

  • David McHugh and Thomas Adamson
Working from home meant the number of people using parents to care for their children has fallen.

‘It’s insane’: The secret world of tutors to the super-rich

For the children of the ultra-rich, education involves family tutors who fly with them around the world, with the best tutors earning $500,000 salaries.

  • Mattie Brignal
Rupert Murdoch and his new wife, Elena Zhukova, at the annual Allen and Co. Sun Valley Media and Technology Conference on Wednesday.

Newlywed Murdoch joins Bezos and Canva duo at billionaires’ retreat

The 93-year-old media mogul is no longer returning home to mark The Australian’s 60th anniversary – but he does appear to have given it a present.

  • Sam Buckingham-Jones
Mary Barra, chairman and chief executive officer of General Motors Co., arrives at the Sun Valley Lodge

Old and new money meet at billionaires’ annual retreat

Network Ten owner Shari Redstone was in Sun Valley along with Bob Iger, a crop of Democratic presidential hopefuls and the tech elite for the annual Allen & Co gathering.

  • Nick Bonyhady
Advertisement
Shari Redstone has sold Paramount, which she spent years battling to retain as her father aged.

Network Ten owner sold to ‘Top Gun’ billionaires

The billionaire family behind Oracle Corporation along with ‘Mission Impossible’ and ‘Top Gun’ films will take control of the network in a complex deal.

  • Nick Bonyhady
Marine Le Pen, leader of National Rally, is hoping for victory in Sunday’s election.

Billionaire ‘French Murdoch’ behind Le Pen’s rise

Vincent Bollare’s TV channel and related media outlets have normalised and amplified the far-right leader’s message ahead of this weekend’s French elections.

  • Benoit Berthelot and Tara Patel

May

Graeme Currie outside at Weston Park, where he served as head butler for a decade.

The butler’s role has changed – and seasoned ones can make $190K a year

Buttling has become a career that involves not only polishing silver and folding napkins but also lifestyle management.

  • Plum Sykes
Former Beatles member Paul McCartney and his wife Nancy Shevell.

Paul McCartney is reportedly Britain’s first billionaire musician

The 81-year-old is the richest musician in the UK, thanks in part to superstar Beyonce.

Leading the pack is LVMH founder and chief executive officer Bernard Arnault, 75, with a net worth of $US222 billion.

The $150b club: Record number of super rich

The combined net worth of the world’s super-rich club is up 13 per cent this year to $3.3 trillion, according to the Bloomberg Billionaires Index.

  • Diana Li and Jack Witzig

Original URL: https://www.afr.com/topic/billionaires-1mro