Entrepreneurs

Just ten cities are home to nearly a quarter of the world’s billionaires. Here’s where they choose to live.

Tesla could start selling its humanoid Optimus robot by the end of next year and one day will rake in more cash from robots than cars, CEO Elon Musk told investors on Tuesday, another ambitious claim from the billionaire that experts said might just be within the realm of possibility—though is highly unlikely to make the carmaker any money in the near future.

The fifth richest man in Australia is taking leave from the company he co-founded in 2002. Scott Farquhar announced his last day as Atlassian co-CEO will be August 31. The NASDAQ-traded company is valued at $78 billion.

Zuckerberg’s net worth drop comes a day after Meta held its first-quarter earnings call, which heavily focused on AI.

The Jersey-based owner of Petco and Swiss watchmaker Breitling is slated to start trading on the Amsterdam stock exchange on Friday with a valuation of up to $16 billion, enough to mint 10-figure fortunes for at least two co-founders.

Former President Donald Trump is on the cusp of adding another $1.3 billion to his social media fortune, though the valuation of his company remains downright puzzling, likely putting in doubt how much of his stake he’ll ever be able to cash in on.

There are unusually high stakes surrounding Tesla’s upcoming earnings report, as Wall Street prepares for what is expected to be the company’s worst quarter in years by most mainstream metrics and investors prepare for more details on projects the company’s enigmatic CEO Elon Musk claims he’s close to betting the $450 billion company on.

Tesla stock notched another grim milestone Friday, extending stock year-to-date dive to over 40%, and there remains plenty of cause to remain highly cautious about the stock in the near term even as it grows cheaper.

There are many routes to making the billionaires list. Some are more likely than others.

Amazon hit a new record share price Thursday for the first time since July 2021, completing its dramatic recovery from its 2022 doldrums as investors seemingly can’t get enough of big technology stocks.