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Asides

Why billionaires like MacKenzie Scott and Reid Hoffman are partnering with this nonprofit trying to shake up philanthropy

By organizing challenges and pre-screening small nonprofits, Lever for Change has helped a handful of billionaires shift some giving towards global grassroots organizations.

  • By Phoebe Liu

Elon Musk says Tesla’s humanoid Optimus robot could launch next year – here’s what experts think

Tesla could start selling its humanoid Optimus robot by the end of next year and one day will rake in more cash from robots than cars, CEO Elon Musk told investors on Tuesday, another ambitious claim from the billionaire that experts said might just be within the realm of possibility—though is highly unlikely to make the carmaker any money in the near future.

  • By Robert Hart
  • Forbes Staff

Atlassian co-founder Scott Farquhar steps down as co-CEO

The fifth richest man in Australia is taking leave from the company he co-founded in 2002. Scott Farquhar announced his last day as Atlassian co-CEO will be August 31. The NASDAQ-traded company is valued at $78 billion.

  • By Shivaune Field
  • Business Journalist

Mark Zuckerberg’s net worth drops over $22 billion as Meta stock slides

Zuckerberg’s net worth drop comes a day after Meta held its first-quarter earnings call, which heavily focused on AI.

  • By Cailey Gleeson

Meet the CVC Capital Partners cofounders set to become billionaires

The Jersey-based owner of Petco and Swiss watchmaker Breitling is slated to start trading on the Amsterdam stock exchange on Friday with a valuation of up to $16 billion, enough to mint 10-figure fortunes for at least two co-founders.

  • By Giacomo Tognini

Trump set for another $1.3 billion Truth Social windfall—boosts paper stake to $4.1 billion

Former President Donald Trump is on the cusp of adding another $1.3 billion to his social media fortune, though the valuation of his company remains downright puzzling, likely putting in doubt how much of his stake he’ll ever be able to cash in on.

  • By Derek Saul
  • Forbes Staff

Kanye West paid $57 million for a Malibu mansion, then gutted and abandoned it. Now, nobody wants it.

Kanye West is facing an $18 million loss on an abandoned Malibu property he’s trying to sell without completing the extensive renovations he’d planned.

  • By Mary Whitfill Roeloffs

Elon Musk will charge new X users a fee for posting, tweet suggests

New users in New Zealand and the Philippines have already had to pay a $1 annual fee to access functions like posting, liking and replying.

  • By Antonio Pequeño IV

How most billionaires made their money

There are many routes to making the billionaires list. Some are more likely than others.

  • By Grace Chung

Amazon stock hits all-time high—Bezos’ net worth climbs $3.3 billion

Amazon hit a new record share price Thursday for the first time since July 2021, completing its dramatic recovery from its 2022 doldrums as investors seemingly can’t get enough of big technology stocks.

  • By Derek Saul
  • Forbes Staff
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