LGBT billionaires LGBT billionairesUS LGBT-interest magazine The Advocate , Italian fashion designer Giorgio Armani with a net worth of 8.1 billion was the world's richest person who is openly part of the LGBT community .History In 1980, DreamWorks co-founder David Geffen came out as the first openly gay billionaire in the world . He had dated women before such as Cher , but finally came to terms with this sexuality in the early 1980s and had become one of the most important forces in the gay rights movement by 1992.Armani is known for being notoriously private and has remained relatively quiet about his own sexuality. The Sunday Times speculates he has remained quiet on the subject out of fear sales of Armani might decline in Asia if he officially came out. However, in 2000 he told Vanity Fair , "I have had women in my life . And sometimes men."August 2013 , Jennifer Pritzker made headlines by announcing that she identifies herself as a woman for all business and personal undertakings. This announcement made Pritzker the world's first openly transgender billionaire. In October 2015 , Norway's second richest billionaire Stein Erik Hagen came out as bisexual on the Norwegian talk show Skavlan .List No. Name Net worthUSD bn LGBT identity Citizenship Ref 1 Giorgio Armani 8.10 Bisexual 2 David Geffen 6.10 Gay 3 Stein Erik Hagen 4.30 Bisexual 4 Peter Thiel 3.30 Gay 5 Jennifer Pritzker 1.80 Transgender 6 Domenico Dolce 1.74 Gay 7 Jon Stryker 1.60 Gay 8 Stefano Gabbana 1.56 Gay 9 Megan Ellison 1.50 Lesbian 10 Tim Cook 1.30 Gay 11 Michael Kors 1.00 Gay
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