Some people still think that being gay, a lesbian or anything in-between can have a negative impact on your career. But these guys have smashed that idea! They are showing everyone that you can have it all and be open about who you really are. Here are some of the richest gay people in the world.
Mother Monster isn’t just a gay icon, she is an open bi-sexual who is a huge advocate for LGBT rights. Lady Gaga rose to fame after her debut single Poker Face topped the charts in 2008. Her influence in the gay community has become so big that she was ordained as a minister for the Universal Life Monastery as a minister so that she can officiate weddings. Gaga’s worth is believed to be around $190 million and she has regularly given vast amounts of her money to charity. Her lipstick line with Mac helped to raise $202 million to help fight HIV and AIDS.
Thiel made his fortune when he helped co-found PayPal in 1998. The online payments system became a massive hit and is used by most online businesses to help protect customer transactions against fraud. PayPal was sold to eBay for $1.5 billion and Thiel believed that using PayPal would help to liberate them from money in the normal sense. Thiel went on to make an investment in Facebook in 2005. Thiel has donated large amounts of money to many different causes over the years including anti-ageing and LGBT rights. He has held events for gay rights in his home in New York and openly talks about the right for gay marriage.
In 2014 Michael Kors has been the latest designer to join the ranks of the Billionaire club when his personal fortune exceeded $1 billion. It wasn’t always coming up roses for the fashion powerhouse. In 1993 he was forced into bankruptcy and had to close his fashion line down. In 1997 he was back and launched a lower cost line of clothes with Celine. His wealth continued to grow as he became a featured judge on “Project Runway”. One of his first designs was created when he was five years old, he designed his mother’s wedding dress for her second marriage.
Jon Stryker is the billionaire heir to the Stryker Corporation fortune. The company was founded by Stryker’s grandfather and deals in medical supplies. Using his fortune and knowledge he founded the Arcus Foundation. The foundation supports many different causes including LGBT rights and efforts to help the Great Apes conservation. The Arcus Foundation is one of the leading donors to the LGBT community and in 2013, it was believed that the foundation had donated over $13 million to help bring social justice to the community. As well as his own foundation, Stryker is a Platinum donator for the Gay and Lesbian Victory Fund.
When Elton John took the stage early in his career, a few eyebrows were raised with his stage outfits. The flamboyant outfits were just the start of the public questioning his sexuality. He became openly gay in the 1980’s and has been with his husband for over a decade. His personal wealth is thought to be around $265 million but his spending habits have called that into question. At one point he was spending $1.5 million a month. Since 2004, he has opened a shop called Elton’s Closet to sell his second-hand clothes and has regularly sold items at auction that he doesn’t use anymore.
Christopher Bailey is the current name behind the Burberry brand and took the role of CEO after Angela Ahrendts left for Apple. Bailey has been openly gay for years and is credited with being one of the first CEOs for a fortune 100 company to be open about his sexuality. For a time Bailey was with Geert Cloet, a brand designer for Miu Miu. They were together until Cloets death in 2005 when he lost his battle with brain cancer. Since 2009 Bailey has been in a relationship with Simon Woods, a British actor. Bailey has won countless awards for his designs and his success at Burberry has given him a multi-million-pound fortune.
This name goes hand in hand with some of the biggest magazines in the world. Wenner was one of the co-founders of Rolling Stone magazine as well as Us Weekly and Men’s Journal. Rolling Stones Magazine helped Wenner to get a place in the Rock and Roll Hall of Fame. Wenner was married to a woman for over 20 years and had three children before he came out as gay. Since 1995 he has been with his current partner, Matt Nye. The couple has adopted 3 children themselves, including a set of twins. It is believed that Wenner personal worth is around $700 million.
The late George Michael rose to fame in the 1980’s with his band Wham. His career as a musician started when he was a busker on the London Underground and a DJ for the local schools. When he was a teenager he discovered that he was bi-sexual but it wasn’t until the 1990’s that he realised he was a gay man. He stated in different interviews that he kept his sexuality a secret because he was worried about the effect it would have on his mother. Since her death and his outing during a sting operation in 1998, he has become open about his sexuality. It has been reported in the past that he earnt around $48 million a year for performing private concerts and had a net worth of around $160 million.
Geffen began his career in the mailroom of William Morris Agency and worked his way up the ladder. By 1970 he had formed his first record label, Asylum Records. He then opened Geffen Records in 1980, and Dreamworks SKG in 1994 with Stephen Spielberg and Jeffrey Katzenberg. His net worth is believed to be around $6 billion which makes him one of the richest people in the entertainment industry. Geffen has been openly gay for many years and has been ranked in the top 50 most powerful gay people in the world by Out Magazine.
Hughes was one of the co-founders of Facebook along with his roommates from Harvard. Since then Hughes has made some difficult decisions. He married his Sean Eldridge in 2012 and lived in New York. While here Hughes bought the majority of the shares for the New Republic Magazine where he became editor-in-chief. After losing his 2014 bid for a congressional seat and a mass resignation from the staff at New Republic magazine, Hughes and Eldridge were called the “worst gay power couple” by the Daily Beast. Despite this, Hughes wealth is believed to be around $700 million and he continues to give generously to HIV/AIDS charities.
Hanson is not just one of the richest gay men in the world, he has also been named as one of the sexiest CEOs on the planet while he was head of American Eagle Outfitters. He has also been named on Out magazine’s Power List as one of the most influential gay men. Hanson has been open about his sexuality for years and urges everyone to be the same. His work across many different brands, including Levis and John Hardy, has made him a millionaire. Hanson made the headlines when he tired and succeed at turning the fortunes around of American Eagle Outfitters.
This American investment banker is known as the first openly gay CEO of a bank on the New York Stock Exchange. Burgess has been openly gay since he was a teenager and is married with one child. Although Burgess is openly gay it was not revealed until he disclosed that his husband owned shares in a company. For ten years he worked at Morgan and Stanley as an investment banker. While he was there, he oversaw over $50 billion in transactions, including helping make Chipotle a public company in 2006. Burgess won the Ernst and Young Entrepreneur of the Year Award in 2013 in Florida’s financial services category.
After Gill left the University of Colorado, he began working for Hewlett-Packard. In 1981 he founded the company Quark and became a multi-million from the success of the company. As he got older, his attention shifted to charity work and he sold half of share in Quark Inc. In 1994 he set up the Gill Foundation which is one of the largest funders for equal rights work for the LGBT community. When marriage was legalised in Massachusetts in 2009 Gill married Scott Miller. Quark has made Gill a very rich man and has an estimated worth of over $400 million with Quark being valued at over $1 billion.