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Nick Mowbray on stage at the Forbes Australia Business Summit, presented by Salesforce. Image: Forbes Australia

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.

  • By Samuel Hussey
  • Head of News & Life

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.

  • By Anastasia Santoreneos
  • Journalist & List Editor

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.

  • By Mary Whitfill Roeloffs

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.

  • By Rashi Shrivastava

Asides

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.

  • By Anastasia Santoreneos
  • Journalist & List Editor

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.

  • By Alan Ohnsman
  • Forbes Staff

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.

  • By Shivaune Field
  • Business Journalist
Bitcoin

Bitcoin falls below $100,000—Here’s why crypto prices may be dropping

The leading cryptocurrency has pared back historical gains in recent weeks.

  • By Ty Roush
  • Forbes Staff

Kimberly-Clark buys embattled Tylenol maker Kenvue in $48 billion deal

President Donald Trump has claimed Kenvue’s pain reliever is a potential cause of autism, despite clear evidence.

  • By Ty Roush
  • Forbes Staff

Forbes Asia’s Power Businesswomen 2025

This year’s Asia’s Power Businesswomen list highlights 20 accomplished leaders at the forefront of the fast-evolving business landscape.

  • By Rana Wehbe Watson
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