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Donald Trump, Sam Bankman-Fried And The Snapchat founders: Here’s who fell off the 2023 Forbes 400 list

These 24 billionaires lost a combined $43 billion—and their spot among the nation’s wealthiest people.

  • By Richard J. Chang

Fox and News Corp shares surge as Rupert Murdoch steps down

Rupert Murdoch will step down from News Corp and the Fox Corp. after decades at the helm of the right-leaning news giant.

  • By Brian Bushard
  • Forbes Staff
The dispute over the Murdoch’s family trust intensified last year, with family patriarch and billionaire Rupert Murdoch seeking to give control to Lachlan, his eldest son.

Lachlan Murdoch wins his family’s ‘Succession’: Here’s how he took over the Fox/News Corp juggernaut

Rupert described his eldest son as a “passionate, principled leader” in a statement naming his successor.

  • By Derek Saul
  • Forbes Staff

Rupert Murdoch stepping down from Fox and News Corp

Murdoch’s eldest son Lachlan will take over in November.

  • By Ana Faguy
  • Forbes Staff

Arm, the largest IPO of the year, explodes 17% in first day of trading

The largest IPO in 22 months, Arm opened with a $54.5 billion market capitalization.

  • By Derek Saul
  • Forbes Staff

Birkenstock files for IPO two years after its $4.3 billion acquisition

The IPO could be valued at more than $8 billion, according to Bloomberg,

  • By Antonio Pequeño IV

Larry Ellison’s net worth drops nearly $20 billion as Oracle stock has worst day in decades

Ellison’s software company suffered its worst day on the stock market since 2002 on Tuesday.

  • By Derek Saul
  • Forbes Staff

How udon noodles made Japanese college dropout a billionaire

Takaya Awata, founder and CEO of Tokyo-listed Toridoll Holdings, best known for its popular udon noodle restaurants, has joined the ranks of billionaires. 

  • By Zinnia Lee
  • Forbes Staff

Roger Federer-backed shoe brand on takes a big swing at tennis

With $1 billion in sales and a stable of players that includes No. 1-ranked Iga Swiatek and young American star Ben Shelton, the surging Swiss running shoe company wants to become a tennis powerhouse. But first, they need a sneaker.

  • By Matt Craig

Robinhood shares jump after buying back Bankman-Fried’s $605m in seized shares

Robinhood’s shares, which had been slumping in recent weeks, shot up after it announced it bought more than $605 million in shares that had previously been controlled by Sam Bankman-Fried.

  • By Brian Bushard
  • Forbes Staff
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