LGBT billionaires refers to people who identify as

LGBT ' is an initialism that stands for lesbian, gay, bisexual, and transgender. In use since the 1990s, the initialism, as well as some of its common variants, functions as an umbrella term for sexuality and gender identity. The LGBT term is a ...

and who are

billionaire A billionaire is a person with a net worth of at least one billion (1,000,000,000, i.e., a thousand million) units of a given currency, usually of a major currency such as the United States dollar, euro, or pound sterling. The American busin ...

s, in relation to the monetary fortune they control and their net worth. , Italian fashion designer

Giorgio Armani Giorgio Armani (; born 11 July 1934) is an Italian fashion designer. He first gained notoriety working for Cerruti and then for many others, including Allegri, Bagutta and Hilton. He formed his company, Armani, in 1975, which eventually expande ...

— who has a

net worth Net worth is the value of all the non-financial and financial assets owned by an individual or institution minus the value of all its outstanding liabilities. Since financial assets minus outstanding liabilities equal net financial assets, net ...

of 8.1

billion Billion is a word for a large number, and it has two distinct definitions: *1,000,000,000, i.e. one thousand million, or (ten to the ninth power), as defined on the short scale. This is its only current meaning in English. * 1,000,000,000,000, i.e ...

— was the world's richest person who is openly part of the

LGBT community The LGBT community (also known as the LGBTQ+ community, GLBT community, gay community, or queer community) is a loosely defined grouping of lesbian, gay men, gay, bisexuality, bisexual, transgender, and other queer individuals united by a comm ...

(according to US LGBT-interest magazine '' The Advocate.)''

History

In 1980,

DreamWorks DreamWorks may refer to: * DreamWorks Pictures, an American film production company of Amblin ** DreamWorks Television, an American television production company and division of the film studio ** DreamWorks Records, an American record label and f ...

co-founder

David Geffen David Lawrence Geffen (born February 21, 1943) is an American business magnate, producer and film studio executive. He co-created Asylum Records in 1971 with Elliot Roberts, Geffen Records in 1980, DGC Records in 1990, and DreamWorks SKG in 199 ...

came out as the first openly bisexual billionaire in the world. He had dated women before such as

Cher Cher (; born Cherilyn Sarkisian; May 20, 1946) is an American singer, actress and television personality. Often referred to by the media as the Honorific nicknames in popular music, "Goddess of Pop", she has been described as embodying female ...

, but finally came to terms with this sexuality in the early 1980s and had become one of the most important forces in the

gay rights movement Lesbian, gay, bisexual, and transgender (LGBT) movements are social movements that advocate for LGBT people in society. Some focus on equal rights, such as the ongoing movement for same-sex marriage, while others focus on liberation, as in the ...

by 1992.

is known for being notoriously private and has remained relatively quiet about his own sexuality. ''

The Sunday Times ''The Sunday Times'' is a British newspaper whose circulation makes it the largest in Britain's quality press market category. It was founded in 1821 as ''The New Observer''. It is published by Times Newspapers Ltd, a subsidiary of News UK, whi ...

'' speculates he has remained quiet on the subject out of fear sales of

Armani Giorgio Armani S.p.A. (), commonly known as Armani, is an Italian luxury fashion house founded in Milan by Giorgio Armani which designs, manufactures, distributes and retails haute couture, ready-to-wear, leather goods, shoes, accessories, and ...

might decline in Asia if he officially came out. However, in 2000 he told '' Vanity Fair'', "I have had women in my life. And sometimes men." On 16 August 2013,

Jennifer Pritzker Jennifer Natalya Pritzker (born James Nicholas Pritzker; August 13, 1950) is an American investor, philanthropist, and member of the Pritzker family. Pritzker retired as a Lieutenant Colonel (United States), lieutenant colonel from the Illinois ...

made headlines by announcing that she identifies herself as a woman for all business and personal undertakings. This announcement made Pritzker the world's first openly transgender billionaire. In October 2015, Norway's second richest billionaire

Stein Erik Hagen Stein Erik Hagen (born 22 July 1956) is a Norwegian businessman. He is chairman of Orkla, where he is a major shareholder, and holds large stakes in Steen & Strøm, Jernia and Komplett through his family company Canica. According to the news ...

came out as bisexual on the Norwegian talk show

Skavlan ''Skavlan'' was a Norwegian-Swedish television talk show hosted by Norwegian journalist Fredrik Skavlan. It premiered in Sweden on Sveriges Television (SVT) in January 2009, and the first guests to appear on the show were former Prime Minister o ...

List

References

{{Lists of billionaires Lists of people by wealth Billionaires Lists of LGBT-related people

History

List

See also

References