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Topline Businesses implementing artificial intelligence was blamed for more layoffs than any other reason for the second month in a row in April, new data shows but some experts have said they think technology companies, which use the excuse more than any other sector, are using AI as a smokescreen to hide larger internal struggles. …
Topline Passengers on the hantavirus-stricken MV Hondius cruise ship will soon be evacuated in an operation that will be directly observed by the World Health Organization’s director-general, who said Saturday travelers will be taken to their respective countries as various governments differ on how they will receive and monitor their citizens. This story was first published on …
Topline The World Health Organization declared the Ebola outbreak in the Democratic Republic of the Congo and Uganda a public health emergency of international concern late on Saturday night, after public health authorities identified 246 suspected cases and 80 suspected deaths from the disease in the Congo caused by a virus with no approved specific …
How the British super star built a $1 billion empire, mainly in the U.S., after retiring from soccer. This story was first published on Forbes.com It is 10 A.M. in Chiswick, a pleasant west London suburb, in late April, and Sir David Beckham has already been on set for two hours. This should have been expected: The …
Advice for survivors on everything from state inheritance and estate taxes to inherited IRAs to sorting through a lifetime of possessions and papers. Plus, sparing your own heirs. This article was first published on Forbes.com You expect the death of a spouse, parent or other close relative to be emotionally wrenching. What catches many survivors by …
Young entrepreneurs are snapping up baby boomer-owned plumbing, construction, manufacturing and HVAC companies. Plus: Tips for would-be buyers and sellers. When Andrew Kurzrok’s wife, Michelle, became pregnant with their first son in 2023, he decided it was time for his life spending over 200 days a year on the road as a mid-level executive of Amphenol …
Morocco have emerged as the continent’s best bet at the 2026 World Cup, but face a daunting quarter-final against a rampant France next on Thursday. The North African side reached the semi-finals in 2022, the furthest a team from the continent has progressed, but need an upset result to match that feat. It would be …
Topline The U.S. launched its latest strikes against Iran on Wednesday, renewing military action against the country as tensions flare over control of the Strait of Hormuz and after President Donald Trump said a ceasefire reached with Iran last month was “over.” Key Facts U.S. Central Command said the strikes are being conducted to lessen Iran’s “ability …
Topline IBM’s stock plummeted on Tuesday in its largest single-day loss in its 115-year history, after CEO Arvind Krishna warned investors the computing firm’s latest quarter was “worse than our expectations” while failing to adapt to rising chip costs. This story was first published on Forbes.com Key Facts Shares of IBM crashed 25.2% to around …
Topline “The Odyssey” sold $264.1 million worth of tickets globally in its opening weekend—Christopher Nolan’s best-performing weekend at the box office ever, above “The Dark Knight Rises” in 2012. This story was first published on Forbes.com Key Facts The film, adapted from Homer’s famous poem, reportedly grossed $124.5 million in domestic ticket sales, the third-largest opening of the …
Up head: a one-off Test against Argentina in Buenos Aires on August 8, where Rassie Erasmus is hoping to welcome back captain Siya Kolisi and Sacha Feinberg-Mngomezulu, who have both missed the international season to date through injury. South Africa coach Rassie Erasmus has long spoken of growing the player pool for the Springboks, and …
Confederation of African Football president Dr Patrice Motsepe will not stand for re-election when his current term comes to an end. The South African entrepreneur says he has no interest in a position at FIFA and is backing Gianni Infantino to continue as president of the global body. Motsepe addressed the media on a range …
President Trump said that he’ll impose a 100% tariff on all generic drugs starting in August 2028–and rising to 200% the following year. Around 90% of prescriptions are filled by generics, which are largely manufactured overseas, where costs to make these inexpensive drugs are cheaper. India, for example, is a major hub of generics manufacturing: nearly half …
This story was first published on Forbes.com Topline UEFA, the governing body for soccer in Europe, is considering boycotting future FIFA events, including the World Cup, multiple outlets reported on Tuesday—hours after the organization expressed outrage over FIFA’s plans to sell a minority stake in the tournament to private investors. Key Facts In a deal …
As artificial intelligence becomes a major part of the hiring process, many job seekers are asking themselves: How much AI is too much AI when applying for jobs? From being advised to use ChatGPT to help with your resume and cover letter, to hearing recruiters say they are tired of reading AI-generated applications, today’s professionals are being inundated …
Current Climate brings you the latest news about the business of sustainability every Monday. Sign up to get it in your inbox. 0none level, news that Ford is taking a massive $19.5 billion charge to downsize its electric vehicle plans, highlighted by the elimination of the battery-only version of the F-150 Lightning pickup, seems to confirm that U.S. automakers are …
On my most recent trip to South Africa, I explored the entire 300km length of the Garden Route and its magnificent scenery. The route was dotted with beautiful coastal towns offering vistas of wide sandy beaches and tranquil lagoons. The meandering road which runs along the entire coast for miles is typically a few hundred …
2025 marked the United Nations’ International Year of Quantum Science and Technology. On the African continent, from the dark fiber beneath its cities to satellites in orbit, South Africa is actively building a quantum ecosystem designed for regional leadership. In the heart of Johannesburg, where the hum of urban life meets the cutting edge of science, Professor Andrew Forbes stands amid a labyrinth of lasers …
Brain-computer interfaces are an inevitable step in human evolution. With the technology moving inside of our heads, the question is no longer if we’ll merge with it, but when. Hear from those who have had a head start. Jeffrey Castillo, an American futurist, filmmaker and tech entrepreneur, predicted that by 2040, there will be two …
Landing a first job these days is more difficult—and in some industries more competitive—than it has been in years for recent graduates. This was first published by Forbes.com Postings for entry-level jobs are down across many sectors, unemployment for new college graduates is rising, and the tasks that once served as a stepping stone into …
Hiring of college grads is down across the board. But certain majors are able to access opportunities in a wider array of industries, new LinkedIn data shows. This story was first published on Forbes.com Choosing a college major has always felt like a big life decision, influenced by not only personal inclinations and talents, but …
A patient had waited more than two decades to see a medical specialist. When the day finally came, he was not in a hospital but in the back of a van parked at a clinic in Koforidua, a regional hub in Ghana’s Eastern Region, and being examined by experienced reconstructive surgeons in Scotland, Rwanda and …
One of the ways you can see a city’s growth is through its shifting skyline. From towering skyscrapers to cranes and buildings that keep multiplying, construction is the barometer of the economy. But beyond the urban centers, there are different kinds of neighborhoods being engineered–interconnected, underwater worlds for marine life that function as both infrastructure …
In 1882, John D. Rockefeller, the world’s richest man, created the first full-service single-family office in the U.S. to manage and invest his fortune, said to be $1.4 billion ($31 billion in today’s dollars) at his death in 1937. Fast-forward 142 years, and many members of The Forbes 400 have a family office to help them …
As CEOs cut back on DEI and tell young workers to leave their politics at home, charitable giving, with an employer match, has emerged as a way for employees to bring their own values to work. President-elect Donald Trump and his appointees are promising a war against woke, with employer diversity, equity and inclusion (DEI) efforts …
Plus: Booking Holdings’ CEO On Adding AI, Biden Ends With Mostly Good Economic Growth (And One Big Exception), Meta Reorients Policy Before Trump Takes Office, Activist Investors Had A Huge 2024 This is the published version of Forbes’ CEO newsletter, which offers the latest news for today’s and tomorrow’s business leaders and decision makers. Click here to get it …
The seemingly overnight success of DeepSeek wiped billions of dollars from the fortunes of the world’s richest people—and catapulted the Chinese AI firm’s founder, Liang Wenfeng, into the three-comma-club. On January 20, on the same day as Donald Trump’s inauguration in Washington, Chinese premier Li Qiang held a meeting with experts to consult on the …
New Year’s Eve at Villa Vecchia is a delirious blur of orange and gold, a scene straight out of F. Scott Fitzgerald’s most opulent fantasies. More than 500 people crowd onto the manicured lawns of the century-old Miami Beach estate with its Versailles-inspired ballroom that once welcomed luminaries including Margaret Thatcher, Henry Kissinger and Mikhail …
Feuding with Drake turned the ‘Not Like Us’ performer into hip-hop’s hottest artist. Now he will take music’s biggest stage in New Orleans—for free. The effects of last summer’s rap feud between Kendrick Lamar and Drake continue to reverberate through the music industry, and the careers of its two combatants. This month, Drake made headlines for bringing a defamation lawsuit against Universal …
“This will be a defining year for AI,” said Mark Zuckerberg on his Facebook blog last month, hyping his plan to invest $65 billion in 2025, most of it in support of growing Meta’s AI capabilities and building upon its Llama 4 model. The locus of these efforts appears to be on 2,250 acres of flat farmland …
Tariffs seem like simple tools, but they often come with unexpected repercussions. Just ask the president, whose fortune dropped a half billion dollars in a few days. Donald Trump fired the first shots in a global trade war last week, inflicting damage on all sorts of people—including himself. On April 2, the day Trump rolled …
Elon Musk has long claimed civilization will collapse unless we raise the birth rate. Meanwhile, his “DOGE” group is slashing billions in funding for pregnant and nursing mothers and their children. When Sevonna Brown learned that Elon Musk’s quasi-governmental Department of Government Efficiency (“DOGE”) had ordered payment stopped on her $2 million plus NIH grant …
By signing Cooper Flagg, Shohei Ohtani, Coco Gauff and other young superstars, the 119-year-old sneaker and apparel brand is on a mission to redefine its place in the sports hierarchy. In 2023, before Cooper Flagg was the top player in college basketball and the presumptive No. 1 pick in this year’s NBA Draft, New Balance Chief …
Forty years ago, music history was made when simultaneous concerts in London and Philadelphia raised money for famine relief. Beyond the dollars, Live Aid supercharged how benefit concerts could make a difference. Forty years ago, Prince Charles and Princess Diana officially opened Live Aid. They were royalty, to be sure, but pop royalty was waiting …
Since the rise of generative AI, many have feared the toll it would take on the livelihood of human workers. Now CEOs are admitting AI’s impact and layoffs are starting to ramp up. Between meetings in April, Micha Kaufman, CEO of the freelance marketplace Fiverr, fired off a memo to his 1,200 employees that didn’t mince …
What if dogs could live longer and healthier lives? Loyal’s Celine Halioua has raised $135 million from top investors to develop canine longevity pills—and expects to get her first conditional approval from the FDA next year. Dogs don’t live long enough. The family Lab might make it to 14; bigger beasts like Bernese mountain dogs are …
Words and Curation: Oluwatomisin AmokeojaAdditional Reporting: Chanel Retief and Nicole PillayArt Director: Manelisi DabataPhotography: Kelechi Amadi-ObiPhotography Assistants: Chukwudi Ademu, Vincent Okoro, Kingsley Ugwukozor, Musa Alabi, Jesutofunmi Amokeoja, Anthony Ibuzo Stylist: Isaac Isiadinso (Kookavelli) Stylist’s Assistant: Timilehin Oshinbanjo Outfits: VREEMD, RAEY, Soft aiv couture and Berluti Makeup & Hair: Oluwatoyin Eko Studio: 12 Temple, Lagos, Nigeria “Crypto is futuristic, [&hel
Carlos Alcaraz and Jannik Sinner are the sport’s next great rivalry—on and off the court—as they lead a group of 10 stars who collectively earned $285 million over the past year. For the past year, tennis has been dominated by the on-court battle between 24-year-old Jannik Sinner of Italy and 22-year-old Carlos Alcaraz of Spain, who …
Interlune is developing robots to harvest a valuable gas on the lunar surface that could have a big impact on Earth. Inthe lobby of Interlune, a 3-foot-wide tabletop diorama shows an idyllic, toy-size version of the mining operation the Seattle startup wants to build on the moon. Boxy autonomous vehicles scrape up the top layer of …
The Swedish carmaker isn’t a giant by sales, but Chief Sustainability Officer Vanessa Butani wants it to be a circular business leader with aggressive reuse of metals, batteries and other materials and climate-neutral auto-assembly plants. Volvo Cars isn’t a giant of the automotive industry, delivering fewer than 800,000 vehicles last year. But when it comes to …
After 11 years, Tala still isn’t profitable. But it has revamped its technology and developed a new underwriting approach, and it aims to enter six new countries and break even by early 2026. March 2020, the Covid pandemic was beginning to devastate the finances of consumers in the Philippines. The country’s government had imposed what …
Hundreds of private equity firms are now drowning in a sea of competition, searching for lifeboats of new capital as they cling to portfolios of nearly unsaleable investments. Meanwhile, their investors are losing patience. Little more than one year ago, New York City’s Vestar Capital sent a surprising message to its limited partners. After decades of …
Topline Images released by the FBI on Tuesday show a threatening “armed” individual standing outside the home of Nancy Guthrie, mother of Today Show host Savannah Guthrie, who has now been missing for over a week, but history offers some hope, with some high-profile kidnappings resulting in happy endings. Key Facts FBI Director Kash Patel shared four …
A member of America’s richest family ranks among the planet’s ten wealthiest people for the first time in at least three years. March wasn’t the best month to be a billionaire, as both the S&P 500 and Nasdaq sank by nearly 5% amid the Iran war. Nine of the world’s ten richest people enter April …
Amancio Ortega quietly built up the largest real estate fortune on the planet, spanning everything from office towers to wind farms and stretching from California to South Korea. It also comes with significant tax benefits. This story was first published on Forbes.com In November, Spanish clothing billionaire Amancio Ortega paid about $850 million in cash for the historic …
How the British super star built a $1 billion empire, mainly in the U.S., after retiring from soccer. This story was first published on Forbes.com It is 10 A.M. in Chiswick, a pleasant west London suburb, in late April, and Sir David Beckham has already been on set for two hours. This should have been expected: The …
If Jay Shetty was going to level up his podcast, he figured he needed to upgrade the studio in which he records it. So before his seven-year-old show, On Purpose, relaunched this month on Netflix, the 38-year-old self-help guru says he spent around $500,000 to renovate the space with specific colors and custom artwork (such asincluding a piece …
On a June morning during the Formula 1 Grand Prix weekend, thousands of F1 fans and tourists flooded into Monaco, the postcard-sized principality on the French Riviera. Along the two-mile circuit, just after Turn 8, visitors milled about its newest neighborhood, Mareterra, a 15-acre luxury development built directly on the Mediterranean Sea. Even walking along Mareterra’s waterfront …
This story was first published on Forbes.com Lottie Weaver was scrolling on TikTok in fall of 2025 when an ad stopped her cold. Aerie, the underwear brand whose pajamas she loved, appeared to be offering a massive sale, with PJs that normally cost upwards of $80 marked down to just $6. Weaver decided to get …
Words and Curation: Oluwatomisin AmokeojaAdditional Reporting: Chanel Retief and Nicole PillayArt Director: Manelisi Dabata “We set out to make world-class financial services available to everyday consumers and businesses so that a student in Benin, a market trader in Kano or a salary earner in Lagos could all transact, save and grow their businesses with the same ease as …
Words and Curation: Oluwatomisin AmokeojaAdditional Reporting: Chanel Retief and Nicole PillayArt Director: Manelisi DabataPhotography: Kelechi Amadi-ObiPhotography Assistants: Chukwudi Ademu, Vincent Okoro, Kingsley Ugwukozor, Musa Alabi, Jesutofunmi Amokeoja, Anthony Ibuzo Stylist: Isaac Isiadinso (Kookavelli) Stylist’s Assistant: Timilehin Oshinbanjo Outfits: VREEMD, RAEY, Soft aiv couture and Berluti Makeup & Hair: Oluwatoyin Eko Studio: 12 Temple, Lagos, Nigeria “You can’t help …
Words and Curation: Oluwatomisin AmokeojaAdditional Reporting: Chanel Retief and Nicole PillayArt Director: Manelisi DabataPhotography: Kelechi Amadi-ObiPhotography Assistants: Chukwudi Ademu, Vincent Okoro, Kingsley Ugwukozor, Musa Alabi, Jesutofunmi Amokeoja, Anthony Ibuzo Stylist: Isaac Isiadinso (Kookavelli) Stylist’s Assistant: Timilehin Oshinbanjo Outfits: VREEMD, RAEY, Soft aiv couture and Berluti Makeup & Hair: Oluwatoyin Eko Studio: 12 Temple, Lagos, Nigeria “There’s no one-size-fits-al
Words and Curation: Oluwatomisin AmokeojaAdditional Reporting: Chanel Retief and Nicole PillayArt Director: Manelisi DabataPhotography: Kelechi Amadi-ObiPhotography Assistants: Chukwudi Ademu, Vincent Okoro, Kingsley Ugwukozor, Musa Alabi, Jesutofunmi Amokeoja, Anthony Ibuzo Stylist: Isaac Isiadinso (Kookavelli) Stylist’s Assistant: Timilehin Oshinbanjo Outfits: VREEMD, RAEY, Soft aiv couture and Berluti Makeup & Hair: Oluwatoyin Eko Studio: 12 Temple, Lagos, Nigeria “The future of …
Words and Curation: Oluwatomisin AmokeojaAdditional Reporting: Chanel Retief and Nicole PillayArt Director: Manelisi DabataPhotography: Kelechi Amadi-ObiPhotography Assistants: Chukwudi Ademu, Vincent Okoro, Kingsley Ugwukozor, Musa Alabi, Jesutofunmi Amokeoja, Anthony Ibuzo Stylist: Isaac Isiadinso (Kookavelli) Stylist’s Assistant: Timilehin Oshinbanjo Outfits: VREEMD, RAEY, Soft aiv couture and Berluti Makeup & Hair: Oluwatoyin Eko Studio: 12 Temple, Lagos, Nigeria “Every day, every …
Words and Curation: Oluwatomisin AmokeojaAdditional Reporting: Chanel Retief and Nicole PillayArt Director: Manelisi DabataPhotography: Kelechi Amadi-ObiPhotography Assistants: Chukwudi Ademu, Vincent Okoro, Kingsley Ugwukozor, Musa Alabi, Jesutofunmi Amokeoja, Anthony Ibuzo Stylist: Isaac Isiadinso (Kookavelli) Stylist’s Assistant: Timilehin Oshinbanjo Outfits: VREEMD, RAEY, Soft aiv couture and Berluti Makeup & Hair: Oluwatoyin Eko Studio: 12 Temple, Lagos, Nigeria “From the very …
Africa has always been the source, never the ‘refinery’,” Kate Kallot, a techpreneur based in Kenya and known for her work advancing technology access across the continent, says to FORBES AFRICA. “We grew the cacao, someone else made the chocolate. We mined the cobalt, someone else built the battery. Data is the new raw material and if we are not careful, …
We live in Africa not knowing and realizing the power of our culture, how we have ruled music on the planet,” said five-time Grammy winner from Benin, Angélique Kidjo, in an exclusive interview with FORBES AFRICA in 2022. The power of our culture. Those are telling words. Brand Finance, in early 2026, released its Global …
South African designer Laduma Ngxokolo marked a milestone for African fashion on Monday as MaXhosa Africa staged its first runway show on the official Fédération de la Haute Couture et de la Mode (FHCM) Paris Fashion Week calendar. The Spring/Summer 2026-2027 collection, titled Izihlwele Zivumile–an isiXhosa phrase translated by the FHCM as “the ancestors have …
Topline OpenAI on Tuesday afternoon launched Dots, an AI assistant that can work in the background and across thousands of apps, joining Meta and other big tech companies in the race to build mass publicly available AI agents. This story was first published on Forbes.com Key Facts Open AI announced Dots at its annual developer …
Topline President Donald Trump hailed planemaker Boeing and its 737 Max aircraft in a Truth Social post early on Thursday, saying the plane’s structural design helped it withstand the FlyDubai flight emergency where the pilot was stabbed by his copilot during an altercation, causing the plane to plunge nearly 15,000 feet in under a minute. …
The path to the 2027 Cricket World Cup trophy has been revealed a little over 12 months out from the tournament, with India and Australia to get things under way in a repeat of the 2023 decider and the final to be played in Johannesburg on November 21 next year. The tournament fixtures were announced …
Wenyen Gabriel’s path to the Olympics and moments bigger than basketball was an unlikely one. Undrafted in 2018 and remade in the G League, the development league of the NBA, Gabriel represented South Sudan on the biggest stage in sport—and now returns to the country his parents fled, building courts for the refugees his own …
South Africa has developed exchangeable pitches for its main cricket stadia ahead of next year’s One Day International (ODI) World Cup, alongside Namibia and Zimbabwe, but they come with warnings of potentially neutralizing the conditions that often give them an edge. The idea behind the pitches is to avoid wear and tear and future-proof the …
Topline OpenAI CEO Sam Altman argued that artificial intelligence will provide significant benefits that justify the tradeoff of accepting “some bad things” stemming from the technology, as he drew a line between his company and chief rival Anthropic, saying OpenAI believes in a much more “lighter-touch” regulation despite recent safety concerns. This story was first …
Topline A Kenyan citizen tested positive for Ebola, public health officials in the African nation confirmed on Tuesday, marking the first positive case in the country and the fourth nation to report a positive case of the deadly virus during a devastating outbreak that has killed thousands in the Democratic Republic of Congo. This story …
This story was first published on Forbes.com Lottie Weaver was scrolling on TikTok in fall of 2025 when an ad stopped her cold. Aerie, the underwear brand whose pajamas she loved, appeared to be offering a massive sale, with PJs that normally cost upwards of $80 marked down to just $6. Weaver decided to get …
Yaasir Jacobs started apparel manufacturer YSport over 12 years ago and, like many entrepreneurs, has suffered the highs and lows of the past decade, including Covid-19 and a struggling economy. But there are still reasons to be optimistic, according to the Cape Town-based Jacobs, who started YSport out of necessity after his family lost houses …
Dan Malesela was a stalwart player for both professional South African soccer clubs, Orlando Pirates and Mamelodi Sundowns, and believes Saturday’s MTN8 final between the heavyweight pair in Durban in South Africa’s KwaZulu-Natal province will be a tense and tight battle. Malesela, who also lifted the Nedbank Cup as a coach with then second-tier TS …
OpenAI debt is junk. Anthropic gets a “triple B” rating. At least that’s the opinion of AIR Platforms, which on October 1 published an unsolicited credit report on the two companies. AIR is a 10-person, AI-powered New York City startup that has raised $6.1 million. Its cofounders include CEO Glenn Carvajal, who spent 12 years …
Sudan’s economy has shrunk dramatically since fighting erupted between the Sudanese Armed Forces (SAF) and the paramilitary Rapid Support Forces (RSF) in April 2023. However, there are now tentative signs of recovery. The latest Sudan Country Focus Report from the African Development Bank (AfDB), published in July, estimates that GDP grew by 1.2% in …
Jason Rowles had only played one Twenty20 match as a professional cricketer when he was signed by the Joburg Super Kings for an astonishing R2.9 million ($175,000) at the auction for the fifth season of the SA20 (South Africa’s franchise Twenty20 cricket league, run by Cricket South Africa). The 18-year-old, who is still in his …
South Africa’s Proteas will need to sharpen up on both their batting and bowling, but the real improvement must come from the mental side of their approach as they look to level the test series against Australia. Captain Temba Bavuma says the team’s mental aptitude needs sharpening and more fight is required for the second …
OpenAI debt is junk. Anthropic gets a “triple B” rating. At least that’s the opinion of AIR Platforms, which on October 1 published an unsolicited credit report on the two companies. AIR is a 10-person, AI-powered New York City startup that has raised $6.1 million. Its cofounders include CEO Glenn Carvajal, who spent 12 years …
This article was first published on Forbes.com Topline Jay-Z, the world’s wealthiest musician, pushed back on arguments that billionaires are inherently bad in a rare interview with GQ on Tuesday, saying it’s “like a cop-out” to link a person’s morality to the amount of money they have. Key Facts Jay-Z, whom Forbes estimates is worth $2.8 billion, told GQ …
A member of America’s richest family ranks among the planet’s ten wealthiest people for the first time in at least three years. March wasn’t the best month to be a billionaire, as both the S&P 500 and Nasdaq sank by nearly 5% amid the Iran war. Nine of the world’s ten richest people enter April …
In all, these 23 dealmakers and moguls are worth $126.7 billion, up 21% from 2025. This list was first published on Forbes.com Billionaire fortunes continue to surge in Africa. The members of the continent’s three-comma club—which surpassed $100 billion in combined wealth for the first time last year—are richer than ever, having added a collective …
This story wad first published on Forbes.com Topline Billionaire Nvidia chief Jensen Huang encouraged people on Thursday to move to California despite the Golden State’s high tax rates, according to multiple reports, showing support for the state as a proposed billionaire tax has been blasted by some of the world’s wealthiest people, some of whom have pulled …
Amancio Ortega quietly built up the largest real estate fortune on the planet, spanning everything from office towers to wind farms and stretching from California to South Korea. It also comes with significant tax benefits. This story was first published on Forbes.com In November, Spanish clothing billionaire Amancio Ortega paid about $850 million in cash for the historic …
Topline Shares of L’Oreal rose sharply on Thursday, boosting company heiress Francoise Bettencourt Meyers’ net worth by more than $6 billion, after the cosmetics giant beat analyst expectations and reported a 7.6% increase in sales in the first quarter of this year. Key Facts After markets opened in Europe, L’Oreal’s share price rose 8.21% to …
Topline Nvidia CEO Jensen Huang became the world’s seventh-richest person on Monday, overtaking Dell founder Michael Dell as Nvidia rallied toward another record, bringing Huang’s fortune close to $200 billion for the first time. This story was first published on Forbes.com Key Facts Forbes’ Real-Time Billionaires List estimates Huang’s net worth at $191.5 billion as …
How the British super star built a $1 billion empire, mainly in the U.S., after retiring from soccer. This story was first published on Forbes.com It is 10 A.M. in Chiswick, a pleasant west London suburb, in late April, and Sir David Beckham has already been on set for two hours. This should have been expected: The …
Topline Oracle shares hit a 2026 intraday high Monday, extending a furious late-May rally that has recast the database pioneer as a marquee AI-infrastructure player and boosted the fortune of cofounder Larry Ellison, who holds roughly 40% of the company. Key Facts Oracle surged more than 10% on Monday with shares hitting $250 and Ellison’s …
The world could gain its first ever trillionaire this week, as Elon Musk takes his rocket and satellite company SpaceX public Friday in the biggest IPO in history. His wealth explosion has inspired his devotees, exhilarated his investors, vexed the skeptical and enraged those calling for higher taxes on the ultra-rich. This story was first published on Forbes.com …
Rocketmaker SpaceX began trading on the Nasdaq Friday, boosting Musk’s fortune to an estimated $1.1 trillion. This story was first published on Forbes.com Note: This story has been updated to reflect the first day of trading after SpaceX’s historic IPO. Elon Musk just became the first trillionaire in world history. SpaceX’s stock began trading on the …
Elon Musk is now the world’s first trillionaire. To put that into perspective, Forbes stacked his fortune up against a variety of economic measures from the size of the defense budget to the cost of milk. This story was first published on Forbes.com A trillion dollars is an enormous amount of wealth for any one person to …
Topline Elon Musk’s fortune swelled above $1.4 trillion on Tuesday as SpaceX shares extended a rally in their second full trading day, ranking Musk’s rocket maker ahead of Amazon as the world’s fifth-largest company by market value. This story was first published on Forbes.com Key Facts Shares of SpaceX rallied by just over 10% shortly …
Topline Index provider MSCI awarded SpaceX the lowest possible environmental, social and governance (ESG) rating, ranking Elon Musk’s rocket maker at the same score as Russia while flagging concerns the firm has failed to manage “significant” risks following its record-setting debut earlier this month. Elon Musk has claimed the ratings are “weaponized by phony social …
A slump in SpaceX’s stock price and new restrictions on $116 billion of Musk’s Tesla shares have dropped him from the four-comma-club. This story was first published on Forbes.com Elon Musk became the first trillionaire in world history when SpaceX went public on June 12, boosting his fortune to an estimated $1.1 trillion. Then as the …
Confederation of African Football president Dr Patrice Motsepe will not stand for re-election when his current term comes to an end. The South African entrepreneur says he has no interest in a position at FIFA and is backing Gianni Infantino to continue as president of the global body. Motsepe addressed the media on a range …
