Billionaires

Falling stocks, wounded unicorns and rising interest rates translated into a down year for the world’s wealthiest people.

Mark Zuckerberg and Elon Musk say they’ll physically fight each other later this year, and there’s already betting lines.

Twenty-one of the world’s richest people, including Larry Ellison and Rob Walton, have unloaded shares worth more than $9 billion combined in the first half of this year.

Responding to Musk’s invitation to a “cage match” with Zuckerberg, the Meta CEO posted an Instagram story telling the Tesla CEO and Twitter owner: “Send me location.”

There’s been no sign of the submersible or its five passengers as Coast Guard members said the “incredibly complex” search mission is made more difficult by the size of the search area, as well as its distance from coastlines.

In a Q&A with Forbes Australia editor-in-chief Sarah O’Carroll, the founder & CEO of Wisetech Global, Australia’s 7th richest person with a net worth of $10 billion, shares what brings him happiness and his love of Sydney. 

Musk and Arnault brought along close family members for the meal, an Instagram post revealed.

Musk is about $70 billion richer Friday than he was in January.

A new Netflix documentary has rekindled interest in the late Playboy model who almost walked away with $475 million from her 90-year-old husband, J. Howard Marshall. A look back at the tabloid tale that made its way to the Supreme Court—twice.

Helietta Holdings—an investment vehicle controlled by tech billionaire Mike Cannon-Brookes’ Grok Ventures—has agreed to acquire the assets of Sun Cable, months after the project that was once touted as the world’s largest solar energy initiative went into liquidation amid shareholder disagreements.