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A little-discussed portion of the billionaire President Donald Trump’s “Big Beautiful Bill" hands a lucrative break to ultrawealthy Americans in the form of a tax policy for private jet purchases.

How Trump’s bill makes it easier for the rich to buy a private jet

An under-the-radar provision of Trump’s spending bill lands a massive potential tax advantage for the ultrawealthy as part of a provision which would cost an estimated $378 billion.

  • By Derek Saul
  • Forbes Staff

Birth rates are plummeting globally — this Australian IVF trial wants to change that

With IVF success rates dropping after 35, Aussie firm JumpStart is trialling a new treatment to help improve fertility outcomes.

  • By Shivaune Field
  • Business Journalist

Millions of Qantas customers’ details hacked in cyber breach

A cyber incident hit one if its contact centres impacting customer data, the airline revealed.

  • By Anastasia Santoreneos
  • Forbes Staff

Elon Musk’s net worth plunges $12 billion as Trump targets Musk’s empire in feud

“This BFF situation has now turned into a soap opera that remains an overhang on Tesla’s stock,” bemoaned one Wall Street analyst.

  • By Siladitya Ray
  • Forbes Staff

Asides

Jeff Bezos And Lauren Sanchez Wedding

The Top 10 Richest People In The World (July 2025)

After a volatile April for U.S. stocks, a guide to which of the world’s top ten richest came out ahead–and whose fortunes fell.

  • By Forbes Staff
One analyst suggests Nvidia, the world’s largest company, could reach a $4 trillion market cap this summer, while another says $6 trillion is the peak.

Jensen Huang now world’s 9th-richest as Nvidia win streak continues

One analyst suggests Nvidia, the world’s largest company, could reach a $4 trillion market cap this summer, while another says $6 trillion is the peak.

  • By Ty Roush
  • Forbes Staff
Trump said a “group of very wealthy people” intends to buy TikTok.

Trump says he has a buyer lined up for TikTok

Trump said a “group of very wealthy people” intends to buy TikTok.

  • By Zachary Folk

How this Hollywood producer turned Brad Pitt into a $40 million ‘F1’ ad

Mercedes, IWC, Expensify and other brands paid millions to sponsor a fictional Formula 1 team in Apple’s new F1 movie, which blurs the line between cinema and commerce—and could shape the future of both.

  • By Matt Craig
Wind, solar and renewables storage workers get a boost

Wind, solar and renewables storage workers get a boost, and a passport, to meet 2030 targets

The Clean Energy Council is teaming up with MyPass Global to provide digital solutions to renewables transition challenges.

  • By Shivaune Field
  • Business Journalist
Dave Emerson, CEO Virgin Australia (R) with Virgin Australia crew as they ring the ASX bell on Tuesday. Image: Getty

Virgin Australia’s second takeoff: How Bain rebuilt an airline from collapse to $2.5 billion

Bain Capital’s Mike Murphy reveals how the private equity firm transformed the flailing airline, and set it up to re-list on the ASX.

  • By Anastasia Santoreneos
  • Forbes Staff
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