40 Luxurious Facts About Billionaires You Definitely Need To Know - Fact Republic (2024)

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1Elizabeth Holmes

40 Luxurious Facts About Billionaires You Definitely Need To Know - Fact Republic (2)

In 2015, Forbes named entrepreneur/CEO Elizabeth Holmes as the youngest self-made female billionaire in the world. Then in 2016, allegations of fraud collapsed her company's valuation, rendering her stock worthless and reducing her net worth to zero.

2. Bill Gates has received an honorary knighthood from the Queen but as an American he cannot use the title “Sir.”

3. Warren Buffett, worth $78 billion, gave his son Peter a single inheritance of $90,000 worth of stock at the age of 19. He never gave him any more financial assistance. Peter spent the money on recording equipment. Had he kept the stock it would be worth over $70 million today.

4. In 2006, Mark Zuckerberg turned down Yahoo’s $1 billion offer to buy Facebook at the age of 22 saying: “I don’t know what I could do with the money. I’d just start another social networking site. I kind of like the one I already have.”

5. Google's former CEO Larry Page has a health condition that is slowly removing his ability to speak.

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6Howard Hughes

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Billionaire Howard Hughes once bought a casino for the sole purpose of tearing down its trademark neon sign. Visible from Hughes' bedroom, it had apparently kept him awake at night.

7. A billionaire hedge fund founder named Jim Simons pays 800 New York teachers an extra $15,000 due to poor teacher salaries.

8. As a child Elon Musk was bullied so severely that once he had to be hospitalized when a group of boys threw him down a flight of stairs and then beat him until he lost consciousness.

9. Ray Dolby helped develop the first videotape recorder before the age of 21. After founding Dolby Laboratories, he became a billionaire by charging little for his technology so others paid him instead of developing their own.

10. Billionaire pastor Edir Macedo is accused of using $2 billion in donations intended for charity overseas from his poor followers to buy jewelry, TV stations, and other businesses for himself.

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11Evan Spiegel

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Snapchat founder Evan Spiegel's net worth is $1.5 billion at the age of 24, making him the world's youngest billionaire.

12. Lynsi Snyder, the 34-year-old owner of In-N-Out Burger (and effectively the USA's youngest female billionaire) has been the target of two attempted kidnappings and keeps a low public profile as a result.

13. Billionaire cocaine smuggler Sal Magluta won 3 National Powerboat Championships and frequently appeared on TV despite being a fugitive. Nobody noticed for 6 years.

14. Billionaire Peter B. Lewis, chairman of Progressive Insurance, has donated over $2.3 million towards marijuana legalization.

15. As early as the 2040s, billionaire Yuri Milner plans to propel thousands of miniature satellites at 20% the speed of light by aiming minutes-long 100-gigawatt laser pulses at light sails. They will be set to arrive at Proxima B, the nearest Earthlike planet in the Goldilocks Zone of Alpha Centauri, by the 2060s.

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16Shahid Khan

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Billionaire Shahid Khan from Pakistan, the owner of Jacksonville Jaguars and Fulham F.C spent his first night in USA in a $2/night room at the University Y-YMCA, and his first job was washing dishes for $1.20 an hour.

17. Thomas Peterffy was told by NASDAQ that his algorithmic trading was illegal because it lacked a keyboard so he created a robot with fingers to type all trades on the keyboard which made it legal. The robot typed so fast it sounded like a machine gun.

18. Billionaire Haim Saban made his fortune importing and adapting Japanese productions such as the Power Rangers. He wrote the theme song for the Power Rangers movie himself under a pseudonym.

19. Billionaire John Goodman who was on house arrest in Florida was allowed in 2013 to charter a plane and fly himself and his guards to Texas to see his ailing mother.

20. When Mark Zuckerberg created Facebook in 2004, he bragged about people trusting his site with personal information. He called the users "dumb f*cks" for trusting him.

21Sean Parker

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Billionaire Sean Parker was considered a genius at a young age. In high school, he was recruited by the CIA after winning a computer science fair and was making $80,000 per year by the time he was a senior.

22. In 2010, an Azerbaijani billionaire named Ibrahim Ibrahimov decided to build an artificial archipelago with a $100 billion city on it, which would include the new world’s tallest building. His vision was to make a new Venice. After oil prices crashed in 2015, the project was stalled and his vision still remains unfinished.

23. Billionaire Tom Perkins spelled out a secret message using nautical code flags strung along the length of his enormous yacht. The message? "Rarely does one have the privilege of witnessing vulgar ostentation displayed upon such a scale."

24. Broadcom billionaire Henry Nicholas built a secret sex lair under his house, was charged with distributing cocaine and meth, and once smoked so much weed on his jet that his pilot had to put on an oxygen mask.

25. Billionaire Sheikh Hamad Bin Hamdan Al Nahyan has had his name carved out in the Saudi Arabian desert so that it can be seen from space.

40 Luxurious Facts About Billionaires You Definitely Need To Know - Fact Republic (2024)

FAQs

What is a fact about billionaires? ›

When taking a closer look at the demographics of billionaires globally, about 88 percent were men in 2022. Only about 10 percent of the billionaires worldwide were younger than 50 years old. As of April 2023, 18-year-old Clemente Del Vecchio was the youngest billionaire globally.

Why billionaires are billionaires? ›

Billionaires can often fall into two classes: those who have invented something new, or those who do something else better than anyone else. Being a billionaire takes an extreme work ethic and for many, quite a bit of patience.

What makes most billionaires? ›

America's richest people are mostly self-made. Their wealth comes from the businesses they founded and helped build. Changes in the market value of their businesses can explain nearly all the shifts and volatility in the 10 wealthiest billionaires' net worth.

Are most billionaires white? ›

The 1,645 billionaires in the world control about $6.4 trillion in assets. There are 492 billionaires in the United States. China, Russia, Germany, and Brazil have the next highest number of billionaires. 90 percent of billionaires are male; 65 percent are white; 60 percent are 60 years old or older.

What mindset do billionaires have? ›

Billionaires trust their instincts and know when to seize opportunities. They think big, take calculated risks, and refuse to let their creative imagination be hindered by others' opinions. Rather than listening to nay-sayers, their independent thinking and reliance on their judgment propel them to sustained success.

Are billionaires richer than millionaires? ›

Calculating Net Worth

Liabilities, meanwhile, are obligations that deplete resources, such as loans, accounts payable (AP), and mortgages. Billionaires are wealthier than millionaires and worth less than trillionaires.

Are billionaires self-made? ›

70% of billionaires are self-made and only 30% legacy.

Who was the youngest billionaire? ›

Clemente Del Vecchio

Clemente was at one time the world's youngest billionaire (at the age of 18), but he has since aged out of that title, which is now held by Livia Voigt.

Who are the first billionaires? ›

John D. Rockefeller is often cited as the world's first billionaire, achieving that status in 1916 through his ownership of Standard Oil. 2 From that point over a century ago, wealth has multiplied to the point where the richest men and women in the world top out at around $150 billion each.

How many billionaires exist? ›

2022. In the 36th annual Forbes list of the world's billionaires, the list included 2,668 billionaires with a total net wealth of $12.7 trillion, down 97 members from 2021.

What is explained billionaires about? ›

In a Nutshell. Billionaires, Explained is a wide-ranging examination of the billionaires in the world today: who they are, how they accumulate their wealth, and what they do with it.

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