Billionaires

As the shoe and apparel brand celebrates its 60th anniversary, here’s a look back at a 1981 Forbes profile of Nike’s billionaire cofounder.

Mark Zuckerberg’s social media giant has lost $25 billion in Zuckerberg’s pet metaverse division since 2022, but investors have been lured back by record profits in the core social media business.

Billionaires around the world are now US$3.3 trillion (AU$5 trillion) richer than they were in 2020, with their wealth growing three times as fast as the rate of inflation, Oxfam’s Inequality Inc report has revealed.

At age 21, Zhang Hongchao started peddling shaved ice treats. A quarter of a century later, he and his younger brother Hongfu have made a fortune selling soft-serve ice cream, coffee drinks and its super popular bubble tea and lemonade.

LVMH, the luxury fashion and alcohol giant owned by billionaire Bernard Arnault, named the owner’s 29-year-old son Frederic Arnault as head of the company’s watch division—joining his siblings in a senior leadership role at the family business.

The billionaire claimed he has been taking random drug tests since he smoked marijuana on an episode of the “Joe Rogan Experience.”

Mark Cuban and Elon Musk quarreled on social media this week over the intent of diversity, equity and inclusion initiatives following the controversial resignation of Harvard University’s first Black president.

Lululemon founder Chip Wilson has drawn criticism for an interview with Forbes in which he criticized the yoga retailer’s inclusive advertising. But that was just the tip of the iceberg. Here are his full criticisms about the company.

The billionaire, who dumped most of his stake years ago after he left in disgrace, is still searching for a new legacy backing another sportswear company, investing in real estate and racing to cure a rare disease.

Billionaire investor and Shark Tank host Cuban sold a majority stake in the Dallas Mavericks.