Billionaires

Musk, who last year said “things that inhibit freedom of exchange or distort the market are not good,” became $11 billion poorer Monday.

Earnings were weaker than expected, the near-term outlook is murky, EV sales are down, and Elon Musk is more distracted than ever before. But with a phalanx of loyal shareholders and a cowed board he’s not going anywhere.

The seemingly overnight success of Chinese AI firm DeepSeek has catapulted its founder, Liang Wenfeng, to billionaire status. Here’s how.

Five years ago, billionaire Chip Wilson bet big on Amer Sports, the parent company of such brands as Arc’teryx, Salomon and Wilson. His stake has since ballooned in value–and is on the verge of eclipsing the worth of his Lululemon shares.

Musk has been under scrutiny after making a hand gesture resembling a Nazi salute at a Trump inauguration event earlier the week.

Altman and Musk were OpenAI’s founding co-chairs in 2015, but their relationship has devolved into name-calling and lawsuits.

New York billionaire Charles Cohen took over his family’s real estate firm and kept expanding. Now he’s battling multiple foreclosures and working to save his fortune.

Murdoch’s U.K.-based publisher of The Sun tabloid, News Group Newspapers, has agreed to pay “substantial damages” to settle Harry’s legal claim.

US tariffs on Australian and Chinese exports can lead to higher prices, economic uncertainty, and a decrease in demand for Australian-made goods and services. Here’s how it could play out.

Separately, shares of Trump’s other publicly traded eponymous entity, Trump Media & Technology Group, dropped more than 10% in the first day of trading following Trump’s inauguration.