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Wealth

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Binance bails on FTX acquisition — Here’s what led to the FTX crypto crash

The crypto industry shed US$176 billion in market capitalization since Sunday, a 19.5% decline.

  • By Derek Saul
  • Forbes Staff
SpaceX owner and Tesla CEO Elon Musk gives two thumbs up for approval

Elon Musk has sold US$3.9 billion of Tesla stock since Friday

The world’s richest person has now sold US$19.3 billion of Tesla stock since announcing his Twitter takeover.

  • By Matt Durot
  • Forbes Staff
In this photo illustration, British billionaire Richard Branson is seen on a fragment of a Virgin Galactic Unity 22 Spaceflight Livestream Youtube video displayed on a smartphone with the Virgin Galactic logo in the background.

Billionaire Richard Branson must face fraud suit from Virgin Galactic shareholders

Shareholders allege Branson and his company concealed issues with the commercial spaceflight program and sold overinflated stock.

  • By Carlie Porterfield
  • Forbes Staff

Twitter launches US$8-a-month Blue Check days after Musk’s promise

Users with Twitter Blue can post longer videos and have their content prioritized.

  • By Brian Bushard
  • Forbes Staff
When it takes place November 9 and 10, the auction is guaranteed by Christie’s to raise at least US$1 billion

Inside Paul Allen’s billion-dollar art auction

More than 150 masterpieces owned by the late Microsoft co-founder go on sale next week.

  • By Isabel Lord
Steven Spielberg

E.T.’s new home? Mechanical alien model from Spielberg film is up for sale

The alien from the hit 1982 move could fetch as much as US$3 million, according to Julien’s Auctions.

  • By Carlie Porterfield
  • Forbes Staff
Alwaleed Bin Talal Bin Adbul Aziz Al Saud [RF: Saudi Arabia

Saudi Prince Alwaleed becomes Twitter’s second-largest shareholder

The Saudi royal tweeted “Dear friend “Chief Twit” @elonmusk Together all the way @Twitter.

  • By Matt Durot
  • Forbes Staff
Jeff Bezos, Amazon Founder & Executive Chair and Laura Sánchez attend the Los Angeles premiere of Amazon Prime Video's "The Lord of The Rings: The Rings of Power" at The Culver Studios on August 15, 2022 in Culver City, California.

Jeff Bezos’ fortune drops US$66 billion so far this year

At Thursday’s quarterly earnings call, Amazon’s revenue projections for the current quarter fell significantly short of analysts’ expectations

  • By Rachel Sandler
  • Forbes Staff

Mark Zuckerberg’s fortune drops US$11 billion in one day

Shares of Meta plunged after the company reported dismal quarterly earnings.

  • By Rachel Sandler
  • Forbes Staff
Rihanna first became a billionaire in August and Forbes estimates her net worth is $1.4 billion.

Rihanna will release her first new music in five years on Friday

The song is part of the ‘Black Panther: Wakanda Forever’ soundtrack and is reportedly a tribute to Chadwick Boseman.

  • By Marisa Dellatto
  • Forbes Staff
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