Author: Forbes News

Booming tech stocks lifted the fortunes of eight of the world’s top 10 wealthiest. Nvidia’s Jensen Huang hit a high mark. Last update: August 1, 2025, 12 A.M. EDT In a month where the biggest tech companies led U.S. stock market indices to successive new highs, the CEO of sizzling AI chip firm Nvidia also…

David Ellison, son of software centi-billionaire Larry Ellison, nurtured a relationship with Paramount over the past 15 years as a movie producer. His father’s fortune and political status also scored points. The Federal Communications Commission greenlit the $8 billion merger between Paramount and Skydance Media on Thursday, 383 days after the deal was first announced.…

The Tesla deal gives a much-needed boost to Samsung’s loss-making contract chipmaking business. Joan Cros/NurPhoto via Getty Images Samsung Electronics, controlled by South Korean billionaire Jay Y. Lee, has signed a 22.8 trillion won ($16.5 billion) multiyear deal with Tesla to manufacture AI chips for the U.S. electric vehicles-to-AI giant. Elon Musk, Tesla’s billionaire CEO,…

ToplineAstronomer CEO Andy Byron is out at the tech company after he was spotted hugging his human resources chief at a Coldplay concert this week, as the viral moment continues buzzing across social media. The viral moment occurred at a Coldplay concert this week. (Photo by Buda Mendes/Getty Images) Getty ImagesKey FactsAstronomer announced Byron was…

Left to right: Muse Capital co-founders Assia Grazioli-Venier and Rachel Springate. Muse Capital is an early-stage investor uncovering untapped potential in consumer technology that’s redefining how we care, play, and live. From femtech to sports team ownership, two women venture capitalists prove that backing overlooked markets is good business. When Muse Capital co-founders Assia Grazioli-Venier…

ToplinePresident Donald Trump named Transportation Secretary Sean Duffy as the new interim head of NASA on Wednesday, more than a month after he pulled the nomination of Elon Musk ally and tech billionaire Jared Isaacman. Transportation Secretary Sean Duffy speaks during a Cabinet Meeting with U.S. President Donald Trump … More at the White House.…

ToplineTech billionaire and Tesla chief Elon Musk informally launched his own political party known as the “America Party” on Saturday, he announced on his platform X, further distancing himself from President Donald Trump and the GOP, which became his targets as he recently blasted Trump’s controversial spending megabill. Musk announced the formation of the America…

ToplineElon Musk on Wednesday suggested president Donald Trump’s criticism of subsidies received by his companies was wrong, as he continued to mock supporters of the president’s signature spending bill, a day after the president said he’ll look into potentially deporting the Tesla CEO and threatened probes into his companies amid a reignited feud between the…

Ahead of his Venice wedding, protesters called for the billionaire Amazon founder to pay more taxes. Here’s our estimate of how much tax Bezos has likely been paying—and what he’s done to lower his bill. “If you can rent Venice for your wedding, you can pay more tax,” read a 4,300-square-foot banner unfurled across Venice’s

The lavish, celebrity-packed affair in Venice, replete with private water-taxis, three-Michelin-star catering and Murano glass gifts for guests, is over the top, but far from the most expensive billionaire wedding on record. Love is lavish-er the second time around. Amazon billionaire Jeff Bezos and Lauren Sánchez are celebrating their nuptials in a star-studded, and controversial,…