Challenger banks: Swedes, retailers and billionaires line up to compete. The big banks' smaller rivals are offering a variety of initiatives and inducements to break in to the market. Will they succeed? Share · Tweet this. Email. Rupert Jones · The …

In what may come as a surprise, Jordan is not the first athlete to become a billionaire. In 2009, Forbes reported golfer Tiger Woods achieved the honour at just 33 years of age. “Forbes has been tracking athlete earnings since before Tiger turned pro …

Owning a big apartment in New York City is great, but having a mansion in the Hamptons is a privilege only the 1% of the 1% can enjoy. Last year, then-Forbes reporter Morgan Brennan broke down the who's who of one of the most exclusive streets in the …

Gambling executive Mark Scheinberg, whose father is under indictment in the U.S., emerged as one of the world's youngest billionaires yesterday after agreeing to sell PokerStars for $4.9 billion in cash. The Isle of Man-based business, which operates …

The number of Brazilian billionaires on FORBES' World's Billionaires list reached a record 65 this year, and now the ten-digit club in Brazil just got a new member with the inclusion of Maria Angela Aguiar Bellizia, one of the adopted daughters of …

Billionaires Michael Bloomberg, the former New York City mayor, and Sean Parker, co-founder of Napster, have donated to Mississippi Conservatives, a super PAC supporting Sen. Thad Cochran, Politico reports. According to new disclosure documents filed …

Six-time NBA champion Michael Jordan has reached billionaire status, according to Forbes magazine, which estimated his equity as owner of the NBA's Charlotte Hornets at $416 million and his net worth outside of the team at $600 million. Forbes also …

China's billionaires have found a new opportunity for investing: soccer teams. Last week, Alibaba Group, led by founder Jack Ma, bought 50% of the Guangzhou Evergrande soccer team for 1.2 billion yuan ($193 million). The teams can offer big financial …

Miller is one of about ten reporters assigned to Bloomberg's billionaires beat, which focuses on uncovering hidden fortunes and maintaining the news service's running ranking of all the richest people in the world—all of them except for Michael …