Billionaires

Nick Mowbray still describes ZURU’s early years in three words: eat, survive, repeat.

The star-studded guest list included celebrities and a group of billionaires worth more than a half-trillion dollars.

With a new $10 billion valuation for their AI recruiting startup Mercor, the founders are the youngest tech billionaires ever.

Lars Rasmussen and Bill Tai are the brains behind some of the most ubiquitous tech in the world. Now, they are funding entrepreneurs to follow in their footsteps. On stage at SXSW Sydney, they revealed that achieving spectacular outcomes like Google Maps, Zoom, and Canva takes immense grit, and the propagating power of a ‘human web.’

Ryan Foutty articulated Perplexity’s vision for the digital economy at SXSW Sydney. The economic structure of the internet is fundamentally realigning to prioritise quality, brand, and user efficiency over click revenue, he says

Forget the fancy Ferraris and precious Picassos. Instead, new Forbes 400 member David D. Halbert chose the ultimate flex: convincing Tom Fazio to build him a “no-budget” 18-hole golf course in Texas.

Musk is now half-way to becoming the first ever trillionaire.

Elon Musk hypes the AI-enabled system, and getting more people to buy it is key to his new pay package. But in a recent test, it ignored some street signs and squashed a mannequin child.

Elon Musk’s artificial intelligence firm xAI will hold a funding round valuing the company at $200 billion, according to CNBC, keeping up with or nearing massive valuations from competitors like Anthropic and OpenAI.

From selling coffee to labeling data for AI models, see how the latest additions to Forbes’ annual list got so rich.