LGBT billionaires are billionaires who identify themselves as members of the Lesbian Gay Bisexual and Transgender community. In 2014, the CEO of Apple, Tim Cook openly came out as gay and is one of the billionaires in the LGBT community. There are 9 LGBT individuals in the 2022 list of the world billionaires by Forbes.
1. David Geffen
|Net worth||$10.1 B|
David Geffen tops the list of LGBT billionaires. He’s the richest person in the LGBT family and one of the richest billionaires in the world. As of 2022, David Geffen is ranked at #195 on the list of world billionaires by Forbes. He came out as gay in 1992.
Geffen is a self-made billionaire and gets his fortune from movies and record labels. He’s the founder of 3 American record labels, Asylum Records (1971), Geffen Records (1980), and DGC Records (1990). He also co-founded DreamWorks, a film distribution company in 1994.
In 2020 he sold his Beverly Hills estate that spans 8 acres to Jeff Bezos for $165 million, the most expensive home purchase ever in California. David owns the 6th largest yacht in the world called Rising Sun which is worth about $590 million.
Geffen dropped out of Santa Monica College and is one of the billionaires who dropped out of college.
2. Giorgio Armani
|Net worth||$8.1 B|
He’s an Italian fashion designer who openly identifies himself as bisexual. Armani is the founder of the luxury goods company Armani. He founded the company in 1975 together with Sergio Galeotti, his business partner, and lover. Sergio died of a heart attack in 1985. Armani is the 3rd wealthiest individual in Italy and the 277th richest person in the world.
His company has now expanded into the music, sports, and hospitality industries. He owns the Armani Hotel which occupies the bottom 39 floors of the 163-floor Burj Khalifa skyscraper in Dubai. Armani is Italy’s second-largest fashion group after Prada. In 2020 its net income was about 90 million euros.
Giorgio Armani has designed many stage outfits for artists such as Lady Gaga. He has also designed for many prominent awards shows such as the 2010 MTV Video Music Awards as well as the 52nd Grammy Awards in 2010. The billionaire is a dropout of the University of Milan.
3. Peter Thiel
|Net worth||$5 B|
Third on the list of LGBT billionaires is venture capitalist and entrepreneur Peter Thiel. In October 2017 he married Matt Danzeisen a portfolio manager at Thiel capital. They have one daughter, Elenor Kristina.
In 2004 he acquired 10% of Facebook stock for $500,000. He then sold most of it in 2012 for more than $1 billion. Thiel also co-founded Paypal in 1998, Valar Ventures, Clarium Capital, and Palantir Technologies. In 2005 Peter Thiel founded the Founders Fund together with Sean Parker, Ken Howery, and Luke Nosek. The Founders Fund is a venture capital fund based in San Francisco and has investments in numerous companies including Stripe, Spotify, Asana, Quora, Airbnb among others.
In 2010, the billionaire founded the Thiel Fellowship which gives $100,000 every year to 20 individuals under the age of 23 to encourage them to drop out of college and start their own ventures. According to the billionaire, many young people chose to go to college when they have no idea what to do with their lives.
Related: The World’s Black Billionaires.
4. Jon Stryker
|Net worth||$4.4 B|
With a fortune of $4.4 billion, Jon Stryker is one of the richest LGBT billionaires. In 2016 he married his long-term partner Slobodan Randjelovic. Jon is an architect, humanitarian, and an heir to the fortune of Stryker Corporation, an American medical equipment company founded by his grandfather. The company’s 2020 medical equipment sales were worth $14.4 billion.
Jon Stryker is openly gay. He’s the founder and president of the Arcus Foundation, which backs the progression of LGBTQ human rights and the conservation of great apes. Stryker is one of the top donors to the LGBT community in the world. In 2013 through the Arcus Foundation the billionaire gave over $17 million to institutions fighting for social justice for the LGBT community.
In 2008 he was awarded the Creating Change Award by the National LGBTQ Task Force. He also received the Visionary Award from the Gay Lesbian & Straight Education Network in 2015.
5. Stein Erik Hagen
|Net worth||$2.5 B|
In a 2015 interview, Stein Erik stated that he is bisexual which makes him one of the world’s LGBT billionaires. He’s the chairman of Orkla ASA a consumer goods conglomerate with operations in Norway, Asia, Europe, and the United States. The company also has interests in aluminum products and the financial investments sector. Stein is the majority stakeholder in the company. He also has stakes in Canica, Steen & Strom, Komplett as well as Jernia. Hagen also owned the RIMI discount store chain which he sold to ICA, a Swedish company.
As of March 2022, Stein Erik is the 6th wealthiest individual in Norway and is featured at #1225 on the list of the world’s richest individuals by Forbes. The billionaire supposedly owns one of the largest sailboats in the whole of Europe. According to various sources, he also owned his own island in the Caribbean.
6. Tim Cook
|Net worth||$2.1 B|
Tim Cook is the CEO of Apple, a position he has held since 2011 after Steve Jobs stepped down. In 2014 Cook openly came out as gay and stated that “I’m proud to be gay, and I consider being gay among the greatest gifts God has given me.” The CEO joined Apple in 1998 and served as the company’s Chief Operating Officer before becoming CEO.
His wealth comes from his stake in Apple and the shares he sold over the years. The billionaire currently owns about 3 million shares of Apple which is less than a 1% stake. According to Business Insider, Apple is the world’s most valuable company with a valuation of $2.8 trillion. Before joining Apple, Cook had worked for other tech firms such as Compaq and IBM. In 2021, he was named one of the 100 most influential people by Time magazine.
7. Jennifer Pritzker
|Net worth||$2 B|
She’s the world’s only transgender billionaire. Jennifer is married to Erin E. Solaro (since October 2020) and has been married twice before. Her first marriage was to Ayelet Pritzker and her second marriage, which ended in 2014 was to Lisa I. Goren.
The billionaire inherited stakes in the Marmon Group and the Hyatt Hotel chain which were started by her father and brothers. Jennifer is a former lieutenant colonel from the Illinois Army National Guard (ILARNG). She also served in the U.S Army from 1974 to 1985.
Jennifer openly stated that she’s transgender in 2013. Pritzker is also the founder of Tawani Enterprises, Tawani Foundation, and the Pritzker Military Museum & Library in Chicago. The museum is not for profit and seeks to increase the public’s understanding of military history, military affairs, and national security.
8. Domenico Dolce & Steffano Gabbana
|Net worth||$1.5 B|
|Age||63 (Dolce), 59 (Steffano)|
Dolce and Steffano are Italian fashion designers and businessmen. The two are a former couple and had a long-term relationship from 1982 to 2003. Both of them have a fortune of $1.5 billion each, making them some of the richest LGBT members in the world. They met in a nightclub in Milan and founded Dolce & Gabbana (D&G), a fashion design company in 1985.
The designers received international recognition in 1993 after Madonna chose D&G to design the outfits for her Girlie Show World Tour. They have so far designed for other celebrities like Kylie Minogue, Angelina Jolie, and Monica Bellucci. In 2003 D&G sold more items in Italy than other big fashion houses like Prada, Gucci, Armani, and Versace. By 2009 the company was getting over a billion euros in annual revenues, had more than 100 stores and 21 factory outlets including some 3000 employees.
Despite the former couple going separate ways in 2003, they still run, co-own and design for the company together. They are jointly the 30th richest individuals in Italy.