12 of the Richest LGBTQ People in the World

Ephraim Obare
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Welcome to the lavish world of money, where the rainbow flag flies high and proud. Today, we will introduce you to some of the wealthier members of the LGBTQ+ community. These folks aren’t just rich; they’re mega-rich.

They’ve shattered glass ceilings, defied stereotypes, and added color to their respective industries. The ride through this glittering landscape of affluence and accomplishment will be as exciting and diverse as the rainbow.

David Geffen

David Geffen
David Geffen standing under the Roxy nightclub marquee in Los Angeles via Wikimedia Commons.

Starting us off is David Geffen, a media mogul and co-founder of DreamWorks Animation. Geffen’s cunning business acumen has amassed him a fortune estimated at $8 billion, making him a titan in Hollywood and beyond.

Wikipedia states that Geffen’s journey with his sexuality began with a sense of defensiveness. It wasn’t until the 1970s that he found himself enamored with the iconic Cher, embarking on a passionate 18-month-long relationship that he often described as “the greatest high I had ever experienced.” But as fate would have it, Cher eventually drifted away, finding solace in the arms of Gregg Allman. It wasn’t until 1992 that Geffen fearlessly embraced his truth and publicly came out as gay.

Giorgio Armani

Giorgio Armani
Giorgio Armani, Moskau, Kaufhaus GUM, Red Night Party via Wikimedia Commons

Next on the list is Giorgio Armani, the iconic Italian fashion designer. Armani created a multi-billion dollar empire with his eponymous brand, estimated to be worth $9.53 billion. Talk about style and substance!

Wikipedia states that within the vibrant LGBT community, there are not just one or two, but a remarkable 11 billionaires. And guess who topped the chart as the wealthiest person in the community? It’s none other than the iconic Italian fashion designer Giorgio Armani! 🌈💰

Peter Thiel

Peter Thiel
Peter Thiel speaking at Hy! Summit in Berlin, Germany, March 19, 2014. Photograph by Dan Taylor, via Wikimedia Commons

Number three is Peter Thiel, co-founder of PayPal and an early investor in Facebook. Thiel’s sharp eye for successful startups has garnered him a net worth of $6 billion.

NPR states that he’s not your ordinary billionaire. As an openly gay libertarian, he’s not afraid to challenge the status quo.

Jennifer Pritzker

Jennifer Pritzker
Jennifer Pritzker via Wikimedia Commons

Following him is Jennifer Pritzker, a retired lieutenant colonel, and the world’s first and only transgender billionaire. A member of the affluent Pritzker family, Jennifer has an estimated net worth of $2 billion.

According to The Times of India, Jennifer Pritzker, formerly James Pritzker, is the world’s richest transgender person.

Michael Kors

Michael Kors
Michael Kors receives applause via Wikimedia Commons after his Fall/Winter 2010 show at New York Fashion Week, February 2010.

Michael Kors, the prince of luxury fashion, is next with a fortune of $1 billion. His high-end fashion brand, Michael Kors, has become a staple in wardrobes worldwide.

Stein Erik Hagen

Stein Erik Hagen
Stein Erik Hagen as Chairman of the board of Orkla, via Wikimedia Commons

In October 2015, Hagen came out on the Norwegian-Swedish talk show Skavlan. Later the same day, he added that he was bisexual and that his ex-wives and family had known about his sexuality for many years.

Jon Stryker

Gay Pride
Image credit: Provided by Frenz via canva.com

Jon Stryker, architect and philanthropist, has a net worth of $4.3 billion. He inherited his wealth from his grandfather’s medical supply company, Stryker Corporation. Wikipedia states that Stryker, who is openly gay, is one of the world’s leading philanthropic donors to the LGBT community.

According to Forbes, Jon Stryker’s grandfather founded Stryker Corp., which sold $18.4 billion in medical equipment in 2022. Stryker inherited a stake in the company but does not work there. He is president and founder of the Arcus Foundation, which supports advancing LGBTQ human rights and the conservation of great apes.

Tim Cook

Tim Cook
Visit of Tim Cook to the European Commission, via Wikimedia Commons

Next is Tim Cook, the CEO of tech giant Apple. Cook’s net worth is estimated at $1.9 billion, making him one of the wealthiest openly gay individuals in the world.

According to The Economic Times, the Apple CEO, Tim Cook, came out as a gay man to the world in a 2014 opinion piece. When Tim Cook, the CEO of the biggest tech company in the world, Apple, came out about his sexuality in 2014, it shocked the world, but his story also became an inspiration for millions.

Nicole Eisenman

Nicole Eisenman
Nicole Eisenman via Wikimedia Commons

Nicole Eisenman, a renowned visual artist, is next on our list. Though not a billionaire, her impressive work and influence in art certainly make her a wealthy individual.

“My father was an old-school psychiatrist who thought that being gay was a mental disease,” Eisenman once said.

Inga Beale

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Inkdrop via Canva.com

Inga Beale, former CEO of Lloyd’s of London, holds the tenth spot. She is not a billionaire, but her impact on the insurance industry is noteworthy.

According to LGBT Speakers, Inga was the first woman and bisexual person to be named on the Outstanding & FT Leading LGBT Executive Power List, a testament to her influence on the industry.

Ric Weiland

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Photo: © Ibrar Hussein via Canva.com

Our eleventh person is Ric Weiland, a programmer/software developer. Although he passed away in 2006, his legacy in the tech industry and his contributions to LGBTQ causes continue to have a lasting impact.

Tammy Baldwin

Tammy Baldwin
Official portrait of U.S. Senator Tammy Baldwin (D-WI), via Wikimedia Commons

Rounding up the list is Tammy Baldwin, a U.S. senator from Wisconsin. While Baldwin may not have a billion-dollar bank balance, her wealth lies in her influential role as the first openly gay U.S. senator, making her an influential figure within and beyond the LGBTQ community.

Wikipedia says that Baldwin, a lesbian, became the first openly LGBT woman elected to the House of Representatives and the Senate in 1999 and 2013, respectively. She was also the first woman elected to either chamber from Wisconsin. Baldwin identifies as a progressive and has a consistent voting record.

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Author

  • Ephraim Obare

    Ephraim Obare is a versatile member of the Frenz Hub writing team, bringing a rich background in economics to his work. An avid swimmer, reader, and cyclist, Ephraim blends analytical insights with his diverse interests.

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