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Billionaires

Asides

Gina Rinehart and Elon Musk

‘The future’: What sparked Gina Rinehart’s billion-dollar SpaceX investment

Australia’s richest person joins forces with the world’s richest to leverage local critical mineral assets and strengthen the Australia/US relationship. They will both potentially make billions more in the process.

  • By Shivaune Field
  • Business Journalist

Elon Musk’s net worth drops $50 billion amid Tesla rout—as Trillionaire status nears

A stock debut for Musk’s aerospace firm should make him the first trillionaire, even as Tesla’s latest slide cut into his fortune.

  • By Ty Roush
  • Forbes Staff

Australian billionaires’ Sigma Healthcare in talks to buy U.K.’s Boots in deal valued at $10 billion

Sigma Healthcare—which counts Australian billionaire brothers Jack and Sam Gance and their business partner Mario Verrochi as its biggest shareholders—has been seeking to expand in the U.K.

  • By Yessar Rosendar
OpenAI

OpenAI says it filed paperwork to go public

OpenAI said it has not decided exactly when the IPO would take place.

  • By Zachary Folk

How Cristiano Ronaldo Became A Billionaire

Ronaldo has earned more during his playing career than any athlete in history and now enters the World Cup as the world’s newest billionaire, alongside Lionel Messi.

  • By Hank Tucker
  • Forbes Staff

Google’s AI chief says we’re in the ‘foothills of the singularity’. Here’s why that matters

As machine capability shifts from passive responses to autonomous operation, the concept of singularity – coined in the academic realm and adopted by science fiction – is one every professional needs to know.

  • By Shivaune Field
  • Business Journalist

Bill Ackman dealt blow in $64 billion bid for Universal Music Group

The Bolloré Group, a major shareholder in Universal Music Group, urged the record label to reject Bill Ackman’s $64 billion bid, saying it undervalues the company.

  • By Conor Murray
  • Forbes Staff
Gilmore Space

Aussie space unicorn scores fresh $14.2m amid SpaceX IPO frenzy

Australian Retirement Trust has backed Gilmour Space Technologies, extending the startup’s $217 million Series E which valued it at over $1 billion.

  • By Daniel Van Boom
  • Business Journalist

Mango billionaire’s son steps down as VP—after arrest in father’s death

Andic was alone with his father on a hike in 2024 when the billionaire fell to his death.

  • By Mary Whitfill Roeloffs

Anthropic billionaire cofounder joins Pope Leo, warns AI job losses will spark ‘moral imperative of historic proportions’

Chris Olah warned the Vatican that his own industry can’t be trusted to govern itself.

  • By Alicia Park
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