Billionaires

L’Oreal heiress Francoise Bettencourt Meyers’ net worth fell as L’Oreal stock tanked 8%, its worst single-day slide since the peak of the Great Recession.

Forbes introduces the first ever ranking of decabillionaire families, who are worth $10 billion or more. Some famous families make the cut; others like the Kennedys and Gettys fall short.

The vast majority of U.S. billionaires are founders who started companies or heirs who mostly lucked into their fortunes. A tiny subset got hired into jobs that made them super rich.

The former WeWork CEO previously resigned after the company valued at $47 billion failed to produce a successful IPO.

Uninspiring earnings and a “black cloud” from Elon Musk drama have sent Tesla shares down 27% in 2024.

The billionaire justified the decision on the results of an unscientific poll run on his X account a day earlier.

A decision by a Delaware judge late Tuesday afternoon has multibillion-dollar implications regarding Musk’s fortune.

“Sports can be safer without drug testing,” the Enhanced Games claims, adding its reformed contest will let “athletes become superheroes.”

Tesla shares dropped around 2% in after-hours trading following the ruling.

Musk’s net worth rose by $5.5 billion on Monday, as Tesla’s share price rallied 4.2% after a major slump last week.