How Josh Kushner’s fortune tripled this year
The Kushner scion’s VC firm Thrive Capital nearly tripled its assets thanks to smart bets on OpenAI and SpaceX. Now he’s looking to spend some cash on the NBA’s Lakers.
Billionaires
Why international banking hub Switzerland is also a billionaire haven
Long regarded as a financial sanctuary for the wealthy, billionaires these days come from more than a dozen countries and hold fortunes in everything from pharmaceuticals and kitchen appliances to private equity and jewelry.
Canva founder says AI costs down 90% after skyrocketing bills delayed product rollout
Canva had to delay its Canva AI 2.0 rollout after the booming costs of compute made the products uneconomical. The company has cut its AI costs and is ready to scale back up, founder Cliff Obrecht says.
Selena Gomez and Wondermind startup sued for allegedly defrauding investors
A lawsuit filed in federal court Thursday accuses Gomez, her mother and their Wondermind mental health startup co-founder of misrepresenting the financial health of the company to investors as it “collapsed around them.”
Elon Musk’s pay influenced CEO compensation to record high, report says
Musk’s SpaceX and Tesla have both approved compensation rewards that would add billions to the world’s largest fortune.
Roger Federer is no longer a billionaire
Federer’s net worth fell below $1 billion as the share price for On Holding fell 19% after missing net sales expectations.
Jeff Bezos nears deal for 30% stake in Liverpool, report says
The Amazon founder was previously linked to a purchase of the Seattle Seahawks.
Mark Zuckerberg outlines AI vision in new manifesto—here’s what he says
The Meta founder called for a broader AI strategy focused on “individual empowerment.”
‘Nary a blip’: Mike Cannon-Brookes says Atlassian is taming AI costs
As Canva struggles with rising AI bills, Atlassian told investors that Rovo AI usage will impact margins for FY27. But CEO Mike Cannon-Brookes maintains AI is the “best thing” to happen to Atlassian.
Atlassian defies ‘SaaSpocalypse’ fears, jumps 35% after strong earnings
Mike Cannon-Brookes handed down what could be a landmark earnings report for Atlassian, with the company swinging from a US$24 million loss a year ago to US$139 million of profit. Key Takeaways Key background It has been a tough year for Atlassian investors – before these earnings, its stock was down 40 per cent over […]