Expectations were that billionaires would be the big winners in a Trump America 2.0. Instead, their fortunes have plummeted in the first eight weeks. Here are the biggest losers.
Australian tech billionaire and climate activist Mike Cannon-Brookes has defended his company’s sponsorship of the Williams Formula 1 team and his use of a private jet, emphasizing the need for pragmatic trade-offs in the pursuit of sustainability.
Salesforce, a cloud computing software company co-founded by billionaire Marc Benioff, plans to invest $1 billion in Singapore.
President Donald Trump and Elon Musk appeared outside of the White House together so Trump could look at Teslas to purchase.
He claims the carmaker will be the most valuable AI company in the world thanks to the reams of video data collected by its cars. Is that really a competitive advantage?
Star Entertainment is considering a $157 million cash injection proposal from U.S. casino operator Bally’s Corp., which is seeking to take a controlling interest in the embattled Australian company.
Hong Kong billionaire Henry Cheng’s Chow Tai Fook Enterprises and tycoon David Chiu’s Far East Consortium had rescued cash-strapped Star Entertainment Group from the brink of collapse after agreeing to buy the Australian casino operator’s stake in a Brisbane property.
One of the biggest victims of the tariff selloff, Tesla stock’s post-election rally now stands at less than 4% after once enjoying a 90% gain.
WiseTech Global on Wednesday appointed its founder Richard White as executive chairman, enabling the tycoon to take back control of the Australian freight-software company four months after quitting as CEO.
The WA-headquartered Minderoo Foundation, founded by the billionaire Forrest family in 2001, has given $25 million to aid the Ukrainian people and support the country’s fight for sovereignty against Russia.