Business

Prime Minister Anthony Albanese has announced Sam Mostyn as Australia’s next Governor-General.

The world’s billionaires are riding high, with Forbes finding a record 2,781 of them around the globe this year, worth a record $14.2 trillion altogether. With many markets up, the surge in wealth has made 265 people billionaires over the past year, up from 150 newcomers in 2023.

Bankruptcy, scandal and stock crashes helped knock Bolt’s Ryan Breslow, Evergrande’s Hui Ka Yan and scores of others out of the three-comma club over the past year.

Here are the wealthiest people on Forbes’ annual rich list.

How the famed French cobbler turned his signature red soles—worn by Beyoncé, Taylor Swift and anyone who can afford them—into serious gold.

Kristi Marvin, the founder and CEO of SPACInsider, joins “Forbes Newsroom” to discuss Donald Trump’s social media company, Truth Social, plummeting in the stock market on Monday.

For the first time in 15 years, there are no self-made billionaires under the age of 30.

OpenAI’s Voice Engine will not be publicly available yet, in part due to the “serious risks” that come with generating voices in an election year.

It was a “nightmare quarter” for Elon Musk’s electric vehicle titan.

Sam Bankman-Fried, the convicted FTX founder, apologized to his former customers in a federal court on Thursday, saying his “useful life is probably over.”