![]() ![]() ![]() Of course, some countries are more equal than others in terms of gay rights, which might explain why nations with the second- and third-highest number of billionaires – China, 152, and Russia, 111 – do not list a single LGBT billionaire. By our reckoning, Thiel is the only one who is openly gay. “Do you know how many people in the financial world are openly gay?” Thiel reportedly asked one friend, explaining that he didn’t want his sexual orientation to get in the way of his work, writes The New Yorker's George Packer.Īccording to our industry categorizations, 252 billionaires derived their wealth from finance or investments in 2014. Thiel, who joined the Forbes Billionaires list in 2007 based on the returns of his hedge Clarium Capital and an investment in Facebook, only came out to his friends in 2003, according to The New Yorker. Gigi remains an executive director at Chao’s Cheuk Nang property development company.īeing wealthy does not necessarily make it easier to publicly identify as gay. "I understand that he loves me, it's just he's from another time and it's difficult for him to understand the plight of the LGBT ," Gigi Chao told the South China Morning Post. His daughter Gigi, who married her long-term girlfriend in 2012, is an LGBT rights activist and charity worker in Hong Kong. Hong Kong businessman Cecil Chao reportedly offered to double the $65 million reward he proposed in 2012 for the man who successfully seduces and marries his lesbian daughter, according to CNBC. Of course, not all high net worth parents are as supportive. Dallas Mavericks owner Mark Cuban sits on the advisory board of Athlete Ally, a nonprofit targeting homophobia in sports. Several Silicon Valley elite, including Google cofounders Larry Page and Sergey Brin, supported marriage equality, while New York Mayor emeritus Michael Bloomberg has long donated to LGBT causes. billionaires have expressed their allegiance for their gay daughters and sons financially: hedge fund billionaire Paul Singer has given more than $10 million to support marriage equality – his gay son, Andrew, tied the knot – while Progressive insurance’s Peter Lewis, recently deceased, donated $250,000 to the Gay & Lesbian Victory Fund in 2008, as my colleague Clare O’Connor noted. As it stands, five of the world’s seven richest LGBT individuals are American. A 2013 Gallup poll estimates that 3.5% of Americans identify as lesbian, gay, bisexual or transgender statistically, 19 of America’s 492 billionaires should identify as such. Of course, that’s not to say there aren’t LGBTQ billionaires whose sexuality is not public knowledge. Though Laura Rickets is not a member of the Forbes Billionaires list just yet, the lawyer daughter of Chicago Cubs billionaire Joe helped fund the Illinois Unites for Marriage coalition her stake in the Cubs makes her the first openly-lesbian co-owner of a major-league franchise. medical equipment family fortune, is one of the world's most prolific donors to LGBT charities. Some of these businessmen and women have used their fortunes to advocate for gay rights. The retail-rich pair are joined by Michael Kors, who became a billionaire this year. Among the openly-gay hyper-wealthy are Domenico Dolce and Stefano Gabbana, the duo behind fashion power house Dolce & Gabbana. ![]()
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