Forbes Debuts New Billionaire Ranking Based on Giving
Forbes has created a new way to rank billionaires that celebrates generosity instead of just wealth. The "True Net Worth" ranking rewards the ultra-rich for giving money away, not hoarding it.
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Forbes Unveils 'True Net Worth' to Track Billionaire Giving
Forbes just launched a groundbreaking ranking that measures billionaires not just by wealth, but by how much they give away. The new "True Net Worth" system reveals surprising heroes like MacKenzie Scott, who's donated over $26 billion since 2019.
Self-Made Women Billionaires Hit Record High in 2026
The number of self-made women billionaires worldwide has doubled in the past decade, reaching 150 leaders with a combined wealth of $470 billion. Three Indian women entrepreneurs rank among the global top 50, showcasing the growing power of women-led innovation.
UK Billionaires Pledge £300M to National Gallery in One Day
Two British philanthropists each donated £150 million to London's National Gallery last September, marking the largest gifts ever given to a museum worldwide. A new wave of self-made billionaires is fueling a golden age of charitable giving in the UK, with average donations from top givers jumping from £53 million in 2015 to £126 million in 2025.
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Mexico's Billionaires Hit Record $267B in Combined Wealth
Twenty-four Mexicans made Forbes' 2026 Billionaires List with a combined fortune of $267.3 billion, up 61% from last year. The surge reflects growing prosperity among Mexico's business elite, led by telecom titan Carlos Slim.
Workers Host 'Ball Without Billionaires' Fashion Show in NYC
While billionaires prepared for the Met Gala, hundreds of Amazon, Starbucks, and Uber workers walked their own runway in New York's Meatpacking District. The "Ball Without Billionaires" celebrated workers as models wearing designs by immigrant and emerging designers.
Billionaires Give Away $1.2B While They're Still Alive
A growing movement of ultra-wealthy Australians is rejecting "forever funds" and giving away fortunes rapidly to tackle urgent problems now. From a software mogul distributing $1.2 billion by 2029 to a data center founder's $100 million education gift, they believe money does more good today than spread across generations.
Billionaire Femi Otedola, 63, Returns to School in London
Nigerian billionaire Femi Otedola just completed an executive leadership program at London Business School, proving it's never too late to learn. The move is especially meaningful for the $1.5 billion entrepreneur who built his empire without a university degree.
Fiji Blocks Billionaire's Waste Incinerator Plan
Fiji stood firm against an Australian billionaire's proposal to ship and burn nearly a million tonnes of foreign rubbish annually on its shores. After locals called it "waste colonialism," the government rejected the plan to protect public health and the nation's pristine environment.
Billionaire Takes Meta to Court Over Scam Ads
Australian mining billionaire Andrew Forrest is challenging Meta in a groundbreaking lawsuit that could change how tech companies handle fraud on their platforms. His legal team argues that Meta's AI tools actively helped create and spread thousands of fake ads using his face to trick people into cryptocurrency scams.
Nigerian Billionaire Gives $1M to State Security Fund
A billionaire philanthropist just donated 500 million naira (over $1 million USD) to help his home state of Osun, Nigeria build a safer future. The gift will fund surveillance systems, patrol vehicles, and communication tools for local security agencies.
Nigerian Billionaire's Memoir Wins Africa Business Book Award
Femi Otedola's "Making It Big" just won the 2026 African Business Book of the Year Award, less than a year after hitting No. 1 on Amazon. The memoir shares hard-won lessons from his journey to becoming a billionaire at 41.
UK Billionaire Donates Record £1.4 Billion in One Year
British billionaire Sir Chris Hohn donated over £1.4 billion to charity in a single year, leading 100 wealthy donors who gave nearly £5 billion total. The Sunday Times Giving List reveals where Britain's richest are directing their generosity.
Nigerian Billionaire Otedola Gave $14M to Save Children
Femi Otedola recently reshared his 2019 decision to donate $14 million to help vulnerable children in Northern Nigeria, sparking fresh conversations about wealth and giving. His message: true wealth isn't what you keep, but the lives you change.
Billionaire Skipped Harvard Semester for Love in Indore
Anand Mahindra took a semester off from Harvard to pursue a 17-year-old he met while filming in Indore. Forty years later, their bold gamble on love remains one of India's most inspiring romances.
Ghanaian Billionaire Offers 100 Jobs to SA Evacuees
When hundreds of Ghanaians fled xenophobic violence in South Africa with nothing but their lives, billionaire Ibrahim Mahama stepped up with 100 immediate jobs. Corporate Ghana has already secured 200 positions to help rebuild the lives of those who lost everything.
Small French Town's Soccer Club Challenges Billionaires
In a former mining town of just 30,000 people, RC Lens is proving you don't need billions to compete at the top. The club is second in France's top league while staying true to its working-class roots.
Billionaire Gives Every US Olympian $200K for Retirement
Starting with next month's Milan Cortina Games, every U.S. Olympic and Paralympic athlete will receive $200,000 for their future, thanks to a record-breaking $100 million donation. The gift addresses a harsh reality: many elite athletes finish their competitive careers in their 20s or 30s with little savings to show for their sacrifice.
Hong Kong Billionaire Funds Cancer Surgery for 200 Patients
A 97-year-old tycoon is making cutting-edge liver cancer treatment affordable after receiving letters from patients who couldn't pay. His foundation will slash surgery costs from $33,000 to $6,400 over the next three years.
Ukrainian Billionaire's Battalion Retakes Key City
A grain tycoon who traded his business suit for combat fatigues just led Ukrainian forces to a stunning victory in Kupiansk. His volunteer battalion proved that strategic planning can beat Russia's overwhelming numbers.
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