FIFA may sell World Cup investment stakes: what we know so far
FIFA confirmed plans to raise $4.2 billion for a new entity controlling the nonprofit’s “commercial and event operations” at a $20 billion equity valuation.
Billionaires
Atlassian warns more AI use will not magically lift productivity
Fortune 500 companies are embracing AI, but few can measure a tangible return. Atlassian’s chief people and AI enablement officer says widespread adoption means little unless businesses redesign the processes around it. The executive in charge of Atlassian’s internal AI tooling says the world’s biggest companies are struggling to see productivity gains from AI, and […]
Could more Epstein files be released soon? Redacted docs will be reviewed by a US judge this week
Journalist Katie Phang has asked the court to fine Acting Attorney General Todd Blanche $1,000 per day until he turns over all the files.
Inside the Arnault family succession fight Bernard Arnault says doesn’t exist
Arnault says his family is just fine, thank you very much.
‘Former trillionaire’ Elon Musk’s wealth sinks as SpaceX shares slide
The Tesla and SpaceX CEO recently acknowledged his fortune’s decline, calling himself a “former” trillionaire.
Inside the $390 million fiasco of Russia’s seized super yachts
After Putin invaded Ukraine, Western countries grabbed 20 yachts to punish him and his cronies. Great PR move but terrible economics as many still rot in their berths, costing taxpayers millions.
Mark Zuckerberg overtakes Michael Dell as 5th richest amid Dell selloff
The hardware firm’s stock has cooled since skyrocketing to an all-time high last month.
Alphabet rally boosts Google cofounder fortunes by $15 billion
A new AI chip from Google’s parent company could reportedly be up to 10 times more energy-efficient.
Exclusive: Canva’s billionaire cofounders reveal next step in plan to give away vast majority of their fortune
In an interview with Forbes, the design software giant’s CEO Melanie Perkins discusses her and husband Cliff Obrecht’s latest philanthropic initiative.
How Bending Spoons built a $18.4 billion empire by buying internet has-beens like AOL
Buying busted apps made Bending Spoons’s four cofounders billionaires. Now their stakes have collectively jumped to $8.9 billion after the Milan-based startup scrap yard listed on Nasdaq at an $18.4 billion valuation.