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Laurence Escalante

Laurence Escalante became a billionaire from his online casino – Now his luck may have run out

With a $1.1 billion fortune, Virtual Gaming Worlds founder Laurence Escalante enjoys a life of private jets, superyachts and exotic cars. But with his recent arrest on assault and drug charges, the party could be be over.

  • By Will Yakowicz
  • Forbes Staff

Brisbane startup Cortisonic emerges from stealth with a chip built on sound, not electricity

AI companies have long been fighting to get their hands on GPUs. This week, a stealthy Queensland startup came out with a chip that computes using sound waves, rather than electricity, and may one day be an alternative to in-demand GPUs.

  • By Shivaune Field
  • Business Journalist

Melinda French Gates suggests Bill Gates’ Epstein ties caused marriage to end

Bill Gates and his ex-wife separated in 2021.

  • By Martina Di Licosa

Once as high as $360 billion PayPal’s market value has slipped to $40 billion, below former parent, eBay

PayPal shares plunged after earnings, pushing its market cap below eBay’s for the first time since 2015 and signaling a major shift in digital payments.

  • By Brandon Kochkodin

Asides

From ‘Female Startup Club’ to Davos: Doone Roisin is on a mission to help women build wealth

Doone Roisin’s presence in Davos reflects a mission that began years earlier — on a bedroom floor, when she launched her podcast — and has since grown into a global platform championing women who are building wealth through business.

  • By Karin Eldor
In an interest rates blow for Australian homeowners, The Reserve Bank has hiked the cash rate 0.25 percentage points on Tuesday. I

RBA delivers first interest rate hike since 2023

In an interest rates blow for Australian homeowners, The Reserve Bank has hiked the cash rate 0.25 percentage points on Tuesday. I

  • By Samuel Hussey
  • Head of News & Life

Australia’s startup funding jumps to $5.1 billion in 2025 as AI takes the lead

More than $1 billion went toward AI-native startups. Fintech, biotech / medtech and climate tech startups were also winners in 2025, according to the Cut Through Ventures and Folklore Ventures report.

  • By Shivaune Field
  • Business Journalist

The Top 10 Richest People In The World (February 2026)

The gap between the planet’s two wealthiest people has never been larger heading into the New Year.

  • By Forbes Staff

How Phoebe Gates and Sophia Kianni raised $35m to build an AI shopping unicorn

In the three years since Phoebe Gates and Sophia Kianni first asked the question “how can we make secondhand shopping easier?”, they’ve brought on investors like Kris Jenner, Sara Blakely and Hailey Bieber.

  • By Alexandra York

Inside the AO’s player perks: Beauty salons, tax officers, and a ‘never say no’ policy

Craig Tiley has made the Australian Open the tour’s most player-friendly stop, with on-site salons, health specialists, recovery services, AI match analytics, private drivers and round-the-clock concierge support at Melbourne Park.

  • By Shivaune Field
  • Business Journalist
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