The golden rule driving Nick Mowbray’s multibillion-dollar Zuru empire
Nick Mowbray still describes ZURU’s early years in three words: eat, survive, repeat.
Business
The $8 billion lesson from Australia’s longest-running tech incubator
As tech incubator Cicada Innovations marks its 25th anniversary, new CEO Liza Noonan reflects on how a $20 million initial public investment helped generate more than $8 billion in economic value, and why long-term commitment remains critical to building Australia’s sovereign deep tech future.
All the billionaires at Kris Jenner’s 70th birthday party
The star-studded guest list included celebrities and a group of billionaires worth more than a half-trillion dollars.
This cosmetics billionaire’s $500 million art collection is up for auction
Dozens of pieces are expected to fetch half a billion dollars in all when they’re auctioned next week.
Why Sam Altman won’t be on the hook for OpenAI’s massive spending spree
OpenAI has gone wild with compute deals this year, committing to spend far more than its balance sheet can currently sustain. So who takes the fall if it can’t pay? It won’t be Altman.
To infinity and beyond: The Mowbray siblings assembled a billion-dollar fortune from cheap toys. Can they create something grander?
Nick Mowbray is working from home, a 12-bedroom mansion in Coatesville, New Zealand. It’s the former abode of cyber-renegade Kim Dotcom, and it’s here that Dotcom was arrested by heavily armed police in 2012.
The $220 billion mind gap: Meet the startup founder tackling entrepreneurial burnout
Founder-turned-psychologist Byron McCaughey is reframing how Australia’s entrepreneurs think about success with Sublime Studio, a membership for mental fitness.
Elon Musk’s $1 trillion pay plan: The case for magical thinking
Big funds, advisory firms and the Pope oppose the exorbitant plan. Approval means shareholders think the polarizing, distracted CEO can top past successes with an AI-powered strategy.
Spotify hit with class action lawsuit alleging discovery mode is a ‘pay-for-play scheme’
Spotify’s Discovery Mode allows artists to flag songs to be boosted in Spotify’s algorithmic recommendations in exchange for a 30% royalty commission—but a lawsuit accuses the streaming company of boosting artists who pay them.
Meet the Queenslander named a Forbes Power Businesswoman
Amanda Lacaze has been at the helm of ASX-traded Lynas Rare Earths for a decade. The stock shot up 120% over the last year, amid China/U.S. trade tensions. Now, Lacaze is spearheading the capacity, certainty, and speed of the Australian/U.S. rare earth supply chain.