Matt Durot, Author at Forbes Australia

Elon Musk is no longer a trillionaire

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.

SpaceX’s IPO just made Elon Musk the world’s first trillionaire

Rocketmaker SpaceX began trading on the Nasdaq Friday, boosting Musk’s fortune to an estimated $1.1 trillion. 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 Nasdaq Friday at $150 per share […]

Reranking the world’s billionaires by wealth – and altruism

Forbes recalculated the wealth of the richest billionaires to add back in what they gave to charity. Here’s who moves up the ranks.

Elon Musk closes in on US$800 billion net worth after XAI’s latest funding round

The world’s richest person added $62 billion to his fortune after private investors more than doubled the valuation of his AI and social media firm to $250 billion.

40 Under 40: The Richest Self-Made Billionaires Under 40

The number of self-made billionaires aged 39 or younger has soared amid the AI boom, tying the all-time record set in 2021. Here are the 40 wealthiest.

Why are there suddenly so many self-made billionaires under 30?

Fuelled by AI, prediction markets and online gambling, there are more self-made billionaires under 30 than ever before, 13 up from a previous record of 7.