Billionaires

Seven Group Holdings—controlled by billionaire Kerry Stokes—is offering to buy the rest of construction giant Boral for A$1.9 billion ($1.2 billion).

The billionaire also indicated he plans to move Tesla’s state of incorporation from Delaware to Texas.

Elon Musk’s SpaceX and Jeff Bezos’ Blue Origin are among 14 companies bidding for NASA contracts as part of the agency’s plans to develop the emerging space economy and lower costs.

Billionaire X owner Elon Musk requested last month for the defamation case against him be dismissed, and is now seeking to bar his deposition.

Kristo Käärmann launched Wise (formerly TransferWise) back in 2011 with the aim of helping users move cash around the world – without the marked-up fees charged by banks. Since then, the company has gone on to process more than $48 billion in cross-border payments and save customers more than $2.9 billion

Parker Conrad is bringing Rippling, his US$11.25 billion work management platform to Australia, nearly a year after Silicon Valley Bank’s collapse forced the business to liquidate $130 million to process its customers’ payrolls.

The world’s third-richest person sold some of his Amazon stock for the first time in more than two years.

L’Oreal heiress Francoise Bettencourt Meyers’ net worth fell as L’Oreal stock tanked 8%, its worst single-day slide since the peak of the Great Recession.

Forbes introduces the first ever ranking of decabillionaire families, who are worth $10 billion or more. Some famous families make the cut; others like the Kennedys and Gettys fall short.

The vast majority of U.S. billionaires are founders who started companies or heirs who mostly lucked into their fortunes. A tiny subset got hired into jobs that made them super rich.