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Meet the most powerful philanthropists in America: Warren Buffett’s kids

The three children of the Oracle of Omaha, already among the nation’s biggest givers, could end up giving away as much as $130 billion of their father’s fortune. Here’s what you need to know about their philanthropy so far.

  • By Lindsey Choo

CEO of Goldman Sachs-backed startup Slync sentenced to 20 years in prison

Chris Kirchner was arrested in 2023 following a Forbes investigation that revealed he overstated company financials and spent lavishly on personal expenses.

  • By David Jeans
  • Forbes Staff

Another 400,000 Australians to become millionaires by 2028

Australia’s average wealth-per-adult increased by nearly 10% to $388,000 in 2023, more than twice the growth-rate of USB’s sample of 56 countries, according to the latest UBS Global Wealth Report.

  • By Anastasia Santoreneos
  • Journalist & List Editor

Why inflation battered Argentinians are turning to crypto

A Forbes analysis found the country, with a 276% inflation rate, has the highest crypto adoption rate in the Western Hemisphere, but little use of the most trustworthy exchanges.

  • By Javier Paz

Start-up funding surges to $1.5bn in Q2 – but AI isn’t drawing investors

Quarterly funding has hit a six-quarter high thanks to a surge in mega-deals, but AI is not attracting as many investors at the hype would have you believe, Cut Through Ventures’ latest report shows.

  • By Anastasia Santoreneos
  • Journalist & List Editor

Samsung soars to three-year high as AI boom bolsters chip business

The South Korean tech giant said it expects to rake in second quarter profits more than 15 times the size than it did the same time last year.

  • By Robert Hart
  • Forbes Staff

Luxury department store Saks to buy Neiman Marcus with help from Amazon in $4 billion deal

Embattled retailer Neiman Marcus has been saved by the parent company of luxury rival Saks Fifth Avenue, with a surprise investment from Amazon.

  • By Anastasia Santoreneos
  • Journalist & List Editor

ASX-listed book retailer Booktopia enters voluntary administration

The 20-year-old online book retailer, which went public on the ASX in 2020, is on the brink of collapse.

  • By Anastasia Santoreneos
  • Journalist & List Editor

For Boeing, buying Spirit is only the start of solving its problems

Boeing has announced its acquisition of its largest supplier, Spirit AeroSystems. It may be the best of bad options for the embattled companies, but it will take Boeing years to straighten out the money-losing supplier and the quality problems that have bedeviled both of them.

  • By Jeremy Bogaisky
  • Forbes Staff

Tesla shares jump 6% ahead of delivery data—adding $45 billion to market cap

Analysts remained optimistic for the electric vehicle maker, despite an expected decline in deliveries for the second-straight quarter.

  • By Ty Roush
  • Forbes Staff
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