billionaires have expressed their allegiance for their gay daughters and sons financially: hedge fund billionaire Paul Singer has given more than $10 million to support marriage equality – his gay son, Andrew, tied the knot – while Progressive insurance’s Peter Lewis, recently deceased, donated $250,000 to the Gay & Lesbian Victory Fund in 2008, as my colleague Clare O’Connor noted. As it stands, five of the world’s seven richest LGBT individuals are American. A 2013 Gallup poll estimates that 3.5% of Americans identify as lesbian, gay, bisexual or transgender statistically, 19 of America’s 492 billionaires should identify as such. Of course, that’s not to say there aren’t LGBTQ billionaires whose sexuality is not public knowledge. Though Laura Rickets is not a member of the Forbes Billionaires list just yet, the lawyer daughter of Chicago Cubs billionaire Joe helped fund the Illinois Unites for Marriage coalition her stake in the Cubs makes her the first openly-lesbian co-owner of a major-league franchise. medical equipment family fortune, is one of the world's most prolific donors to LGBT charities. Some of these businessmen and women have used their fortunes to advocate for gay rights. The retail-rich pair are joined by Michael Kors, who became a billionaire this year. Among the openly-gay hyper-wealthy are Domenico Dolce and Stefano Gabbana, the duo behind fashion power house Dolce & Gabbana.
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