billionaire

Mitt Romney's Money Man: Who Is Frank VanderSloot?

We've profiled two mega-wealthy benefactors behind GOP candidates for president: Sheldon Adelson, who bankrolls Newt Gingrich's super PAC, and Foster Friess, whose millions support Rick Santorum. Now we turn our attention to Frank L. VanderSloot, the billionaire backing Mitt Romney.

A Success Equal Parts Caffeine, Chemistry and Meditation

5-Hour Energy's mixture of caffeine, vitamins and amino acids fuels millions of hectic days and nights, and a multibillion-dollar company. But its founder, Manoj Bhargava, tells Forbes that his lifelong pursuit has been inner tranquility. A contradiction? He thinks not.

Is Sheldon Adelson Trying to Buy the White House?

Casino mogul Sheldon Adelson has stirred up controversy recently for his $10 million in political help to the Newt Gingrich campaign -- but it's all perfectly legal. Still, with billionaires and corporations now able to make almost unlimited political donations, is the presidency for sale?

Why Taxing the Rich Is Good for America

Last week, Warren Buffett wrote an incredible opinion piece in The New York Times asking the government to raise taxes on the wealthiest Americans, himself included. "My friends and I have been coddled long enough by a billionaire-friendly Congress," he argued, and he's not alone in that view.

How Rich Is Rich? Where We Draw the Wealth Line

America has always had a love/hate relationship with its wealthiest citizens, and the Great Recession has only made it worse. The trouble is, while everybody knows that "the rich" are the enemy, it's hard to determine where exactly the line lies between salt-of-the-earth members of the middle class and the bloated plutocrats.

What Buffett Gave His Kids: Values, Not Billions

You might expect that with a father like Warren Buffett, the road through life would be paved with gold -- and advice about how to make a mint. Not so, says Peter Buffett, who says the biggest gift the billionaire gave to his offspring was his philosophy of integrity and authenticity to your true self.

Lessons from Dad: What the Super-Rich Teach Their Kids

All parents aim to bestow their wisdom on their children -- but if your dad is an investment guru, you might want to listen extra carefully. In this Father's Day special report, DailyFinance asked the adult children of these icons about what they had learned about money and life from their dads.

The 10 Most Infamous Family Inheritance Feuds

Nothing is certain but death and taxes, and where those two intersect -- wills -- there's supposed to be some certainty as well. Wills should be final. But unsurprisingly, sometimes heirs don't see them that way. 24/7 Wall Street lines up the 10 nastiest, most interesting family feuds over mega millions -- and, in one case, a frozen head.

Top Stock Picks of Six Billionaire Investors

By the time the world's smartest investors tell the SEC what stocks they hold, most of the gains they were after are already priced in. But a few of the companies Warren Buffett, George Soros, and their billionaire buddies bought into still have a lot further to rise. Which ones? Read on ...

Hard Times Hit
the Hedge Fund Business

Is it really such awful work to be a billionaire hedge fund manager? After suffering unusual loses this year, two well-known fund managers, Stanley Druckenmiller of Duquesne Capital Management, and Paolo Pellegrini of PSQR, said last week that they were getting out of the business.

Nelson Peltz's Trian Group Buys 6.6% of Family Dollar

Billionaire investor Nelson Peltz's Trian Group has taken an approximately 6.6% stake in Family Dollar, saying the stock is currently undervalued in the market, according to a Wednesday SEC filing. Shares of the discount retailer jumped 6.9% in early trading.

Richest Americans You've Never Heard Of

Microsoft's Bill Gates, Berkshire Hathaway's Warren Buffett and Apple's Steve Jobs are all household names in addition to being among the wealthiest people in the country. But do you know Fred DeLuca, Peter Buck or Donald Hall? Probably not. Yet their products are likely an integral part of your daily life. So here is our list of the billionaires no one has heard of -- until now.

The Making of One of the World's Wealthiest Widows

The unauthorized biography of billionaire Lily Safra is a tale of one of the world's richest and most elegant women -- a jet-setter who socializes in the same elite circles as Prince Charles and Elton John. What is so fascinating, however, is exactly how Safra was able to climb her way to the top.

Female billionaires list grows

Women are moving up in the ranks of self-made billionaires. On June 8, 2010, Meg Whitman became the first Republican woman to be nominated for...

Bad Fortune: Five Bizarre Billionaire Murders

Money can buy you power, but it can't always save your life: Here's a list of the world's richest murder victims, some of whom met deadly ends that one would more likely expect to see on the movie screen: bombs, arson and even a kinky sadomasochistic sex scene.

Why Don't More Women Make Billions?

There's a dearth of women on the Forbes list of billionaires, but does that mean women are to be pitied for lack of opportunity? The latest wave of feminism says, No, since money truly doesn't buy happiness, women who "live joyously with little money" have the game of life figured out.