Billionaires

The world’s richest man Musk already has a highly influential role in the incoming Trump administration.

A new $350 billion value for SpaceX helped to lift Musk’s net worth to a historic high—more than for any billionaire Forbes has ever tracked.

Disgraced former crypto billionaire Sam Bankman Fried is serving a 25-year sentence in New York City’s Metropolitan Detention Center. He’s learning about such things as sports gambling and a drug called “deuce,” and he badly misses his teddy bear Manfred.

Despite the recent upheaval with Covid, the fundamentals haven’t changed in the fast-food industry in the past 50 years, says Jack Cowin, the billionaire founder and executive chairman of Competitive Foods Australia, the privately held group behind some of the country’s biggest fast-food chains.

The judge said Monday Tesla’s request for the court to “flip its decision” after the shareholders voted in favor of the package went “against multiple strains of settled law.”

Musk alleges Altman’s OpenAI has strayed from its initial non-profit mission and has sought to cut off competition from other AI companies, like Musk’s xAI.

Billionaire Andrew Forrest’s Fortescue is deepening investments to decarbonise the iron ore giant’s mining fleet with the purchase of $400 million of emissions free heavy mining equipment from China’s XCMG.

“Tomorrow’s decisions are likely to be better made by three live and well-directed brains than by a dead hand,” wrote Buffett, whose lifetime giving of over $60 billion makes him likely the most prolific philanthropist ever.

Since Trump’s election win, Tesla stock is up 40%, making Musk almost $100 billion richer than any other person.

Bernard Arnault, chairman and CEO of LVMH Group, received the Malcolm S. Forbes Lifetime Achievement Award at the Forbes Global CEO Conference 2024 on Wednesday in Bangkok.