Culture

8 Openly Gay Billionaires 

Celebrity Lists
Updated January 29, 2020 48k views 8 items

From gay marriage to the debate over restrictive state laws, LGBTQ+ issues are at the forefront of current events. Outside politics, though, the gay community has also made a huge impact on the business world. Several extremely rich businessmen, businesswomen, and entrepreneurs are members of the LGBTQ+ community. Some of these billionaires who are gay or lesbians inherited their fortunes, while other LGBTQ+ billionaires are self-made successes.

Among other gay billionaires on this list, you'll find entertainment moguls including David Geffen. The co-founder of DreamWorks Animation is worth an estimated $6.6 billion. He also founded Asylum Records and Geffen Records, and has worked with such artists as The Eagles, Aerosmith, Guns N' Roses, and more.

Fashion icons Domenico Dolce and Stefano Gabbana are also featured on this list. Dolce & Gabbana launched its first line in 1982 and has gone on to dress such A-list celebrities as Madonna and Whitney Houston. Dolce and Gabbana were partners in life and business for many years, but after being romantically involved for over 20 years, the couple called it quits in 2005. Although they are no longer in a relationship, they remain partners in business to this day.

What other entrepreneurs are public members of the LGBTQ+ community? Read on to find out.

David Geffen is listed (or ranked) 1 on the list 8 Openly Gay Billionaires
Photo: Genre Magazine

David Geffen, the co-founder of DreamWorks Animation, is worth an estimated $6.6 billion. He also founded Asylum Records and Geffen Records, and has worked with artists including The Eagles, Aerosmith, Guns N' Roses, and more.

Geffen is currently single, but he dated Jeremy Lingvall from 2006-2012.

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Giorgio Armani is listed (or ranked) 2 on the list 8 Openly Gay Billionaires
Photo: Lorenzo Bozzi/Wikimedia Commons/CC BY-SA 4.0

Fashion icon Giorgio Armani is worth an estimated $6.3 billion. He started his career as a buyer and window dresser for an Italian department store before launching his own line in the mid-1970s.

Although he has publicly stated that he is bisexual, Armani is very private regarding his personal life. He was known to be involved with architect Sergio Galeotti for many years.

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Peter Thiel is listed (or ranked) 3 on the list 8 Openly Gay Billionaires
Photo:  Heisenberg Media/Flickr/CC BY 2.0

Paypal co-founder Peter Thiel is worth approximately $2.7 billion. He also invested in Facebook and Airbnb.

When asked for his opinion on why more CEOs aren't openly gay, Thiel said, "A lot of these businesses are global in reach, and when you have customers all over the world, it becomes a question of ‘Will they hold that (being gay) against you?''"
Stein Erik Hagen
Stein Erik Hagen is listed (or ranked) 4 on the list 8 Openly Gay Billionaires
Photo: The Orkla Group/Guri Dahl/Wikimedia Commons/CC BY 2.0
Stein Erik Hagen, of the investment company Canica AS, is worth approximately $2.2 billion. He officially came out as gay in 2015.