Billionaires

The billionaires behind Tesla, Alphabet, Meta, LVMH and more saw their fortunes plunge in the billions on Wednesday following a rash of earnings reports that disappointed investors.

Musk remains the richest person on Earth even after losing the equivalent of the 113th-wealthiest person’s entire fortune in one morning.

Earlier this year, Breslow settled a lawsuit that alleged he’d defaulted on a loan insured by his own company. Now, angry investors in Bolt, including BlackRock, have blocked it.

The South Korean tech giant Kakao’s founder has been accused of manipulating the stock price of SM Entertainment to prevent its takeover by rival HYBE—which manages BTS.

Microsoft CEO Satya Nadella, Reliance chairman Mukesh Ambani, and other deep-pocketed investors worth a collective $126 billion own franchises in Major League Cricket. But launching a new major sports league in the United States has long been a sticky wicket.

The Anduril founder has sued the construction company who led a $2.5 million project to turn the property next to his Newport Beach, California, home into a giant garage.

The Boss went from E Street to Easy Street by staying true to his humble roots—and rolling up his sleeves and going to work.

The planet’s latest billionaire is a helicopter-flying transgender woman who made a fortune saving her daughter’s life.

The landmark study provides more data on the benefits of universal basic income, the OpenAI founder’s favored solution for a future in which AI takes everyone’s jobs.

Billionaire OpenAI CEO Sam Altman reportedly claimed developers of his $27 million San Francisco estate rushed to sell the property, even with shoddy construction.