Four cofounders of popular AI coding tool Cursor are now billionaires
The startup nabbed a $29.3 billion valuation in a $2.3 billion funding round Thursday, minting its four 20-something founders as billionaires.
Billionaires
Trump’s crypto cronies: They sent the president money—and got off easy
It took more than fame for Trump and his sons to build a crypto empire. They also got a lot of help from industry insiders, many of whom happened to need a hand from the president.
Larry Page becomes No. 2 richest—bumping Larry Ellison—as Alphabet shares rally
The Google parent’s stock has accelerated over the last week and is now valued more than Microsoft.
Trump’s net worth drops $1.1 billion
The president had a record net worth of $7.3 billion in September.
Napster said it raised $3 billion from a mystery investor. Now the ‘investor’ and ‘money’ are gone
Forbes raised questions about a massive funding round metaverse-turned-AI firm Napster supposedly raised in January. The money is never coming, the company said Thursday.
The wealthy are spending more on vacations, fine dining and yachts
The consumer base for luxury goods is shrinking—but the ultrawealthy are still spending.
Google cofounder Larry Page overtakes Bezos for world’s third richest
Google cofounder Larry Page overtook Amazon’s Jeff Bezos to become the world’s third-wealthiest person Wednesday, as Alphabet’s stock surged by nearly 6% in the wake of strong third quarter earnings and the release of Google’s Gemini 3 AI model.
Inside the nasty family feud over billionaire’s estate
The son of Taiwan legend Y.C. Wang, Walter Wang is suing his half-siblings and cousins over control of billions in assets he believes were intended for philanthropy.
World’s 5 richest people lose nearly $50 billion combined in broad market sell-off
The five richest people in the world are worth nearly a combined $46 billion less Thursday afternoon due to a market sell-off spurred by dumping of artificial intelligence stocks, mixed fourth quarter results from Disney and general economic uncertainty as the longest government shutdown in American history comes to an end.
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.