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Billionaires

Rich List

Australia’s VC sector is the fastest growing in the world – but one key pool is drying up

Australia’s VC industry is on track to have its biggest year since 2022, a new report from Side Stage Ventures and the Australian Investment Council says, but most of that is going to the top end of town.

  • By Daniel Van Boom
  • Business Journalist

Musk’s net worth hits $1.4 trillion—SpaceX passes Amazon as fifth-largest company

Shares of Elon Musk’s rocket maker have soared by more than 30% since their trading debut.

  • By Ty Roush
  • Forbes Staff
Gina Rinehart and Elon Musk

‘The future’: What sparked Gina Rinehart’s billion-dollar SpaceX investment

Australia’s richest person joins forces with the world’s richest to leverage local critical mineral assets and strengthen the Australia/US relationship. They will both potentially make billions more in the process.

  • By Shivaune Field
  • Business Journalist

Elon Musk’s net worth drops $50 billion amid Tesla rout—as Trillionaire status nears

A stock debut for Musk’s aerospace firm should make him the first trillionaire, even as Tesla’s latest slide cut into his fortune.

  • By Ty Roush
  • Forbes Staff

Asides

Australian billionaires’ Sigma Healthcare in talks to buy U.K.’s Boots in deal valued at $10 billion

Sigma Healthcare—which counts Australian billionaire brothers Jack and Sam Gance and their business partner Mario Verrochi as its biggest shareholders—has been seeking to expand in the U.K.

  • By Yessar Rosendar
OpenAI

OpenAI says it filed paperwork to go public

OpenAI said it has not decided exactly when the IPO would take place.

  • By Zachary Folk

How Cristiano Ronaldo Became A Billionaire

Ronaldo has earned more during his playing career than any athlete in history and now enters the World Cup as the world’s newest billionaire, alongside Lionel Messi.

  • By Hank Tucker
  • Forbes Staff

Google’s AI chief says we’re in the ‘foothills of the singularity’. Here’s why that matters

As machine capability shifts from passive responses to autonomous operation, the concept of singularity – coined in the academic realm and adopted by science fiction – is one every professional needs to know.

  • By Shivaune Field
  • Business Journalist
There's a new top 3 on the rich list. Google co-founders Sergey Brin and Larry Page have climbed the rankings and now trail only Elon Musk... by some distance. Images: Getty

The top 10 richest people in the world (June 2026)

There’s a new member of the $300 billion club and a second sibling from America’s richest family among the planet’s ten wealthiest people.

  • By Forbes Staff

Bill Ackman dealt blow in $64 billion bid for Universal Music Group

The Bolloré Group, a major shareholder in Universal Music Group, urged the record label to reject Bill Ackman’s $64 billion bid, saying it undervalues the company.

  • By Conor Murray
  • Forbes Staff
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