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Hamilton Island changes hands from the billionaire Oatley family to Blackstone

The late Bob Oatley purchased Hamilton Island in 2003. Twenty-two years later, the Oatley family have sold the largest island in the Whitsundays archipelago in a deal said to be worth $1.2 billion. It spans 2,800 acres in the Great Barrier Reef, has five hotels, 20 restaurants, a dedicated marina and a commercial airport. ‘Hamo,’ […]

  • By Shivaune Field
  • Business Journalist

Why are there suddenly so many self-made billionaires under 30?

Fuelled by AI, prediction markets and online gambling, there are more self-made billionaires under 30 than ever before, 13 up from a previous record of 7.

  • By Matt Durot
  • Forbes Staff

Lululemon’s billionaire founder has been fighting to oust its CEO–He won, but he’s still not happy

Chip Wilson was both celebratory and harshly critical after the company announced last week that its CEO is stepping down. But it’s just one small battle in a very public war between Wilson and the company he created.

  • By Simone Melvin

Billionaire’s son gifted $1.2 million Richard Mille watch to Lionel Messi

Anant Ambani, son of India’s richest man Mukesh Ambani, gifted the soccer star a seven-figure watch on his recent trip to India.

  • By Mary Whitfill Roeloffs

Asides

More Epstein photos released—showing Bill Gates, Woody Allen and more

The photos come before the Friday deadline for the Trump administration to release its full Epstein files.

  • By Alison Durkee
  • Forbes Staff
Elon Musk is once again the world's richest person. Image: Getty

Musk already nears $700 billion valuation after Tesla stock breaks record

Tesla was trading at $488.54 when markets closed on Tuesday, finally reaching its previous record set in December 2024.

  • By Zachary Folk

Elon Musk just became the first person ever worth $600 billion

The world’s richest person just hit another major milestone thanks to the soaring valuation of his rocket maker SpaceX.

  • By Matt Durot
  • Forbes Staff

Epstein Files may finally come out this week—but could be missing details on high-profile friends

Federal law requires the government’s files to be released by Dec. 19.

  • By Alison Durkee
  • Forbes Staff

Musk signals reports of SpaceX planning an IPO next year are ‘accurate’

The billionaire’s X post about SpaceX going public comes a few days after reports of the rocket company’s recent private market offerings and 2026 IPO plans.

  • By Siladitya Ray
  • Forbes Staff

Larry Ellison—losing $31 billion—stumbles to no. 3 richest as Oracle shares plummet

The cloud services giant reported quarterly revenue that fell short of Wall Street’s expectations.

  • By Ty Roush
  • Forbes Staff
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