Forbes: 7 Billionaires Are Openly LGBT

Forbes reports that seven of the world's billionaires are openly LGBT.

With a combined net worth of nearly $16 billion, the select group of LGBT ten-figure fortunes includes media mogul David Geffen, PayPal cofounder Peter Thiel and Hyatt hotel beneficiary Jennifer Pritzker, one of the Pritzker family’s 11 billionaires. In August 2013, Jennifer became the first and only transgender billionaire in the world when she announced she would be identifying herself as a woman for all business and personal undertakings. A retired army lieutenant colonel, she is CEO of private wealth management firm Tawani Enterprises in Chicago and has a personal net worth of $1.8 billion. “This change will reflect the beliefs of her true identity that she has held privately and will now share publicly,” a statement in Crain’s Chicago Business explained. Among the openly-gay hyper-wealthy are Domenico Dolce and Stefano Gabbana, the duo behind fashion power house Dolce & Gabbana. The retail-rich pair are joined by Michael Kors, who became a billionaire this year. Some of these businessmen and women have used their fortunes to advocate for gay rights. Jon Stryker, heir to the Stryker Corp. medical equipment family fortune, is one of the world’s most prolific donors to LGBT charities.

The seven listed above represent 0.4% of Forbes' list of 1645 billionaires worldwide.