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You are here: Home / LGBTQ+ / Meet the World’s Richest LGBTQ Billionaires
Meet the World’s Richest LGBTQ Billionaires

Meet the World’s Richest LGBTQ Billionaires

August 11, 2020 By Cade Hildreth

The LGBTQ+ community has been working tirelessly for years to get the rights that we deserve. Because of discrimination, many people have shared little—and in some cases, nothing—about their personal life when at work or in the public eye.

Thankfully, it’s a new day, and more and more LGBTQ folk are thriving professionally.

With the LGBTQ community exerting more power day by day, there are more LGBTQ billionaires today than ever before.

The World’s Richest LGBTQ Billionaires

In this article, we’ll explore a range of LGBTQ billionaires, from the beloved to the controversial.

Regardless of what you think of them, they have risen to the top of their fields and have amassed incredible fortunes while doing it. Let’s dive in.

1. Peter Thiel

The first billionaire on this list is Peter Thiel. He is the founder of the third-party payment website PayPal and is ranked as one of the world’s wealthiest people.

Thiel is also well-known for becoming Facebook‘s first outside investor when he acquired a 10.2% stake for only $500,000 in August 2004. Clearly, that move has provided an astounding return-on-investment (ROI).

Although the PayPal founder is a gay man himself, he has become well-known in the news for the financial backing that he provided to Republican candidate Kris Kobach.

Kobach is known for being against marriage equality and other forms of discrimination that make it especially confusing for Thiel to support him. Although Thiel is gay, he provided substantial funds to Kobach, who has published a variety of anti-LGBTQ ads.

Regardless how you feel about Peter Thiel’s political motives, this German-American billionaire is a savvy businessman, entrepreneur and venture capitalist.

He currently has an estimated net worth of $2.5 billion.

2. David Geffen

Not only is Geffen an accomplished businessman, but he is also a film studio executive, philanthropist, and producer. Alongside Elliot Roberts, he created Asylum Records in 1971.

Geffen later opened another recording studio named Geffen Records in 1980 and one more studio called DGC Records. This studio came to be in 1990. When you consider the work that he has done as a philanthropist, it has directly impacted young LGBTQ people.

He created the David Geffen Foundation that provides grants to people who have experienced issues with their healthcare, HIV/AIDS, and civil liberties. Geffen is someone who worked hard for his money, and as a gay man, is giving back to those within the LGBTQ community who are struggling.

Geffen also owns DreamWorks Animation studios, who are responsible for producing some of your favorite childhood cartoons.

3. Jennifer Pritzker

Jennifer Pritzker is one of the wealthiest transgender people in the world. She is known for her work as a philanthropist, American investor, and is a part of the Pritzker family.

Her family has created a strong reputation in the world of business and philanthropy. She is the owner of the Hyatt chain of hotels and came out as transgender in 2013.

Pritzker is Republican and has provided financial backing to a variety of Republican candidates in the past.

When it comes to her contribution to the LGBTQ community, Pritzker has provided funding for programs, researchers, and other efforts to aid with issues that can affect LGBTQ individuals.

Pritzker is currently worth an estimated $1.8 billion and is the first and only openly transgender billionaire.

4. Stein Erik Hagen

Stein Erik Hagen founded the RIMI supermarket alongside his father in 1977 and revealed that he was bisexual in 2015. He let viewers know that it wasn’t until his adult years that he came to terms with his sexuality.

Attracted to entrepreneurship and investing, Hagen is one of the primary shareholders of the Norwegian company Orkla. He also holds a stake in various other companies, such as Jernia, Steen & Strøm, and Komplett—owned by his family company Canica.

As a result of his business dealings, Hagen has risen to billionaire status. His net worth is estimated at Norwegian (NOK) 24 billion, making him the second richest person in Norway.

In U.S. dollars, this translates to approximately 2.7 billion.

5. Giorgio Armani

Giorgio Armani is a renowned Italian fashion designer, who formed his company, Armani, in 1975. He gradually used this business vehicle to diversify into music, sport and luxury hotels.

Because of the work he’s done in the fashion industry, Armani is the wealthiest LGBTQ person to grace this list with worth an astounding net worth of $8.1 billion.

Although many purchase his products, the Italian mogul faced backlash in 2015 for comments he made with regard to the way some gay men choose to dress. In a controversial interview with the The Sunday Times Magazine, Armani said that “a man needs to be a man.”

Armani has never confirmed his sexuality, but briefly mentioned in a 2000 interview that he’s had both men and women in his life.

Even though his remarks have hurt and angered various people a part of the LGBTQ community, it doesn’t seem to have affected his billionaire status.

6. Domenico Dolce

Domenico Dolce is another well-known fashion designer who created the luxury brand Dolce & Gabbana. His relationship with Stefano Gabbana was more than business partners; they are former lovers.

Much like Armani, Dolce faced major backlash for comments that he made about children born via the IVF process. He more or less stated that children who were born from this process aren’t real children.

He explained that he believes that life is “natural”, and because he cannot have children as a man, that is the way that things are supposed to be. Thankfully, by March 2015, the Italian fashion mogul apologized for these comments that offended many members of the LGBTQ community.

As a side note, both Domenico Dolce and Stefano Gabbana were convicted of tax evasion for the failure to pay taxes on millions of euros. They were sentenced to a 20-month suspended sentence in prison.

Dolce’s net worth is estimated at $1.9 billion.

The LGBTQ Billionaires of Today and Tomorrow

On this list, you found the wealthiest LGBTQ billionaires that the world has to offer. Some of them have made headlines for the things they’ve done to help the LGBTQ community, while others have been a bit more controversial.

What is certain, however, is that none of them have allowed their personal or sexual identity to limit their potential.

On a personal level, I will say that it is saddening that there aren’t more women and people of color on this list. Hopefully, with time and progress, the demographics of this list will shift to be more equitable.

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“As an LGBTQ+ entrepreneur, real estate investor, former USA Rugby Player, and fitness fanatic, I’ll teach you what your parents and teachers should’ve taught you, but didn’t know themselves.” -Cade Hildreth

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The secret to fitness is… …Hill sprints with The secret to fitness is… 

…Hill sprints with my pal, BEANE!!! Lol (scroll to see it live ➡️)

Just kidding, I’m sure lifting has a bigger effect. But seriously, how does he do the whole sprint staring at me instead of where he’s going, running backward, and jumping in the air?!?

Do you have pets and what do they do to make you smile? 🙂

(And side note, should my wife and I take up pickleball like everyone keeps telling us to? 🤔)
Covid era poll: How many of your work from home th Covid era poll: How many of your work from home these days and is it part-time or full-time? 🤔 

(And side note, do you prefer look #1 or #2?)
Did anyone teach you about the question words? Let Did anyone teach you about the question words? Let me know… ✅❌🫣🤔
This #trans couple will be the first known parents This #trans couple will be the first known parents to welcome a baby born to a #transman in India. Congrats to Ziya and Zahad! 🏳️‍⚧️💙🍼

Read the article at: https://lnkd.in/gUErqRhT

Source: @paval19
With anti-LGBTQ+ and anti-trans legislation on the With anti-LGBTQ+ and anti-trans legislation on the rise, I have enormous RESPECT for people for are taking action to support our communities. 🏳️‍🌈🏳️‍⚧️

Putting this into action are Dr @EricCervini, an author and historian, and his partner @Adam_Powell. Together they will be driving a bus full of banned #queerbooks across the U.S., starting this summer! 

I absolutely love this idea—and can't wait for them to swing by Virginia! 

From an article shared on XtraMagazine.com:

“With LGBTQ2S+ books under attack in the U.S. at record rates, author Eric Cervini and his boyfriend, actor Adam Powell, knew they wanted to take action. While others are organizing with protests, drag queen story hours, days of reading and other important acts of resistance, Cervini and Powell have their own spin on what to contribute to the movement—and that spin has wheels.

The pair are working on buying, then building, what they call the Rainbow Book Bus, a bookmobile carrying queer and trans books to small towns. 

After reaching their crowdfunding goal of USD $100,000 at the end of December, Cervini and Powell are now able to pay a specialized company to retrofit a school bus to become a beacon of queer literature. 

‘Our goal is to have at least an early version of it ready by Pride [in June],’ Cervini tells Xtra. ‘We want to have a bus that is converted—it may not be fully decked out, but it will be functioning as a travelling book shop/book fair—in the summer of 2023.’”

If you'd like them to visit your town, share it in comments! 🌈🚌

Image Source: Eric Cervini and Adam Powell

Article Link: https://xtramagazine.com/culture/queer-book-bus-eric-cervini-243787

You can also support them at @shopqueer.co! 🌈📚

#lgbtqia #lgbtqcommunity #trans #lgbtqyouth #transyouth
“You are who you choose to be.” -Carl Jung T “You are who you choose to be.” -Carl Jung 

This past summer we took a trip to Madden’s resort in MN to celebrate my parents 50th wedding anniversary with my parents, sister, brother in law, wife, niece and nephew. 

It was actually their 52nd, because we had to postpone it twice due to Covid! 🌊🏖🐟
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