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As the fires rage, California’s Governor and a billionaire couple get the blame

There are misconceptions circulating about who’s at fault for the fires burning tens of thousands of acres across Los Angeles.

  • By Chloe Sorvino
  • Forbes Staff

Leonardo.AI founder JJ Fiasson on Flow State, Phoenix and Google Cloud

Leonardo.AI had a bumper 2024. In June it released Phoenix, Australia’s first generative AI foundational model. In July, the company was acquired by Canva – and over the last month, Leonardo shipped its latest product, Flow State.

  • By Shivaune Field
  • Business Journalist

Who is Frank McCourt, the billionaire trying to buy TikTok?

McCourt sold the Los Angeles Dodgers for a hefty sum in 2012. Here’s how he’s been building his business and media empire since, and setting up a consortium to purchase TikTok.

  • By Phoebe Liu

Musk Vs. Bannon: Steve Bannon Lashes Out At Billionaire Over ‘Stargate’ Criticism

Bannon previously criticized Musk for his support of the H-1B visa program.

  • By Sara Dorn
  • Forbes Staff

Why one sponsor is rooting against Djokovic and other Australian Open favourites

Alternative investment giant Blue Owl Capital thinks it can maximize its TV exposure on the cheap with a new marketing strategy: backing the underdogs in marquee tennis matches.

  • By Matt Craig

The highest-paid tennis players competing at the Australian Open in 2025

As the Australian Open draws near, it’s not just the trophies up for grabs at Melbourne Park that generate buzz—it’s the bank accounts of tennis’ biggest stars.

  • By Forbes Australia

Meta stock rallies, Oracle slides as market reacts to TikTok ban hearing at Supreme Court

Oracle stock slumped as TikTok’s U.S. data host was affected by the prospect of a ban of the social media app, slicing $10 billion from Larry Ellison’s net worth.

  • By Derek Saul
  • Forbes Staff

‘Brilliant but dangerous’: Andrew Forrest is supporting US-China think tank discussions on AI security

Australian billionaire Andrew Forrest has spent 5 years secretly working to bring together US and Chinese foreign policy experts to find common ground on national security and AI. Here’s what the Brookings Institute consortium has achieved.

  • By Shivaune Field
  • Business Journalist

Stunning before and after satellite images show devastation caused by LA wildfires

The fires have destroyed at least 10,000 homes, businesses and other structures across Southern California.

  • By Siladitya Ray
  • Forbes Staff

Meet the little-known billionaire caught up in the Baldoni-Lively scandal

Steve Sarowitz bankrolled It Ends with Us. Now he’s embroiled in a sexual harassment scandal involving some of Hollywood’s most powerful players.

  • By Monica Hunter-Hart
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