Billionaires

Jeff Bezos’ stake in Amazon is up almost $30 billion since Friday.

A federal lawsuit filed Sunday in California federal court accuses Spotify of failing to prevent streaming fraud, including by allowing “billions” of bot-generated streams that allegedly boosted rapper Drake’s streaming numbers, though he is not named as a defendant.

Strong ad sales have propelled Huffman into the billionaire ranks. Now he’s charting a new course, aiming to become invaluable to AI companies.

With a new $10 billion valuation for their AI recruiting startup Mercor, the founders are the youngest tech billionaires ever.

Earnings fell significantly below Wall Street’s expectations, though Meta said it would have exceeded projections before a hefty tax charge.

Lars Rasmussen and Bill Tai are the brains behind some of the most ubiquitous tech in the world. Now, they are funding entrepreneurs to follow in their footsteps. On stage at SXSW Sydney, they revealed that achieving spectacular outcomes like Google Maps, Zoom, and Canva takes immense grit, and the propagating power of a ‘human web.’

The convicted sex offender was worth nearly $600 million at his death, thanks mostly to two wealthy billionaire clients—plus generous tax breaks.

Zhao served a four-month prison sentence after earlier pleading guilty to money laundering charges.

The stock surge also pushes LVMH’s market cap to €304.89—making it Europe’s second most valuable company by market cap.

The award recognizes a lifetime of achievement and is a celebration of the global business success bestowed upon an individual who embodies and exemplifies the ideals of entrepreneurship championed by the late Malcolm S. Forbes, the legendary publisher of Forbes.