Billionaires

The share price of PDD Holdings, Temu’s parent company, plummeted Monday morning.

Suppliers of magic-mushroom-derived psilocybin and MDMA, aka ecstacy, are rushing to meet the market created by Australia having allowed their clinical use. Two founders speak to Forbes Australia.

Lynch, a former Forbes billionaire, made his fortune as the CEO of Autonomy, a tech company acquired by HP in a sale that led to more than a decade of legal strife.

Payment company Shift4’s founder and billionaire Jared Isaacman is headed off on the Polaris Dawn mission, which is scheduled to take place from August 26. And, he’ll be one of the first private citizen’s to take a walk in outer space.

Of the Next Billion-Dollar Startups list’s 225 alumni, 131, or 58%, became unicorns, including DoorDash, Figma, Anduril, Benchling and Rippling. This year, the list is dominated by artificial intelligence.

Entrepreneur Chip Wilson is active in real estate, private equity and philanthropy, but is still best known as the founder of apparel retailer lululemon

The Minnesota governor has pensions galore from his decades in the public sector. A gig as VP could make him richer.

The Lady Moura and Venus are vessels owned by Mexican billionaire Ricardo Salinas Pliego and Laurene Powell Jobs, widow of Apple co-founder Steve Jobs.

By bringing together top doctors, scientists and engineers, Terry Ragon believes he can succeed where major governments have failed and cure one of the world’s wiliest viruses.

All five passengers aboard the submersible died after the vehicle imploded during a voyage to the Titanic wreck site last year.