- Forbes 13:30May 21, 2022Carvana’s ‘Chaotic’ Zoom Firing Caps Company’s Struggles Amid Market DownturnAfter letting go 2,500 people, or 12% of its workforce, online used car seller Carvana faces a moment of reckoning.
< Billionaires, /worlds-billionaires, Billionaires, /worlds-billionaires, Business, /business, Retail, /retail, Daily Cover, daily-cover, Editors' Pick, editors-pick >

- Forbes 02:23May 21, 2022Checks & Imbalances: Musk’s Move, MTG’s Opponent, Trump’s RulesWe examine Elon Musk’s politics, chat with a Georgia Republican trying to oust prolific-fundraiser Marjorie Taylor Greene and look at Trump’s rules of engagement with Truth Social.
< Billionaires, /worlds-billionaires, Billionaires, /worlds-billionaires, No Paywall, no-paywall >

- Forbes 01:37May 21, 2022Why Elon Musk Is $11 Billion Poorer FridayIt’s been a bad week for the world’s richest person in more ways than one.
< Billionaires, /worlds-billionaires, Billionaires, /worlds-billionaires >

- Forbes 09:55May 20, 2022Billionaire Enrique Razon Steps Up Expansion Of Philippine Casino EmpireBillionaire Enrique Razon Jr. is stepping up the expansion of his Philippine casino empire, with his Bloomberry Resorts Corp. planning to build an integrated casino resort in the province of Cavite, south of Manila.
< Asia, /asia, Asia, /asia, Business, /business, Billionaires, /worlds-billionaires, Money, /money, Investing, /investing, Markets, /markets, No Paywall, no-paywall, Forbes Asia >

- Forbes 23:27May 19, 2022Xiaomi Posts 1st Quarter Loss As Covid, Parts Shortage Hurt Smartphone SalesXiaomi is the world’s No. 3 smartphone brands after Samsung and Apple
< Asia, /asia, Asia, /asia, Business, /business, Billionaires, /worlds-billionaires, 5G, /5g, Money, /money, Investing, /investing, asia, russellflanneryblog >

- Forbes 21:30May 19, 2022Bill Gates Explains Why He Doesn’t Own Any CryptocurrencyThe fourth-richest person in the world says in a Reddit ‘Ask Me Anything’ session that he likes investing in things that have “valuable output.”
< Billionaires, /worlds-billionaires, Billionaires, /worlds-billionaires, Money, /money, Crypto & Blockchain, /crypto-blockchain >

- Forbes 13:30May 19, 2022Elon Musk Bites The Hand That Fed Him By Bashing California And DemocratsThe billionaire entrepreneur says he’ll be voting Republican from now on. But California car buyers, environmental policies and pollution credits—along with vital early funding from the Obama-Biden Administration—turned Tesla into a leader in electric vehicles.
< Transportation, /transportation, Business, /business, Transportation, /transportation, Policy, /policy, Manufacturing, /manufacturing, Energy, /energy, Billionaires, /worlds-billionaires, Innovation, /innovation, Sustainability, /sustainability, Consumer Tech, /consumer-tech, Editors' Pick, editors-pick, Business, autos >

- Forbes 03:23May 19, 2022Taiwan New Covid Cases Hits Daily Record 85,310, Near U.S. Seven-Day AverageTaiwan is one of the world's most important tech manufacturing hubs
< Asia, /asia, Asia, /asia, Business, /business, Billionaires, /worlds-billionaires, Innovation, /innovation, Consumer Tech, /consumer-tech, asia, russellflanneryblog >

- Forbes 02:31May 19, 2022Tencent Profit Plunges 51% Amid China Covid Surge, Revenue FlatShares in the China Internet heavyweight have lost more than half of their value since early 2021
< Asia, /asia, Asia, /asia, Billionaires, /worlds-billionaires, Business, /business, Innovation, /innovation, Money, /money, Investing, /investing, asia, russellflanneryblog >

- Forbes 02:00May 19, 2022Why Elon Musk Is $12 Billion Poorer WednesdayShares of Tesla fell nearly 7%, making the world’s richest person a little bit less rich.
< Billionaires, /worlds-billionaires, Billionaires, /worlds-billionaires >

- Forbes 22:15May 18, 2022Elon Musk Goes On The Attack After Tesla Cut From S&P ESG IndexThe world’s leading maker of electric vehicles has been cut from S&P’s index for environmentally conscious investors due to flaws in its business conduct and, ironically, low-carbon strategy.
< Transportation, /transportation, Business, /business, Transportation, /transportation, Billionaires, /worlds-billionaires, Manufacturing, /manufacturing, Policy, /policy, Innovation, /innovation, Sustainability, /sustainability, Leadership, /leadership, Breaking, breaking-news, Editors' Pick, editors-pick, Business, autos >

- Forbes 13:20May 18, 2022Billionaire Lim Kok Thay Launching Singapore Cruise Liner After Winding Down Hong Kong OperationsMalaysian billionaire Lim Kok Thay is launching a brand-new cruise line from Singapore just four months after winding down Genting Hong Kong (formerly Star Cruises).
< Asia, /asia, Asia, /asia, Billionaires, /worlds-billionaires, Business, /business, Money, /money, Lifestyle, /lifestyle, Travel, /travel, No Paywall, no-paywall, Forbes Asia >

- Forbes 07:15May 18, 2022Billionaire Forrest Li’s Sea Sinks Deeper Into The Red As Shopee Losses Widen, Expenses SurgeSea Ltd.—controlled by billionaire Forrest Li—sank deeper into the red in the first quarter as losses at its e-commerce platform Shopee widened and expenses surged.
< Asia, /asia, Asia, /asia, Billionaires, /worlds-billionaires, Business, /business, Money, /money, Investing, /investing, Markets, /markets, No Paywall, no-paywall, Forbes Asia >

- Forbes 19:49May 17, 2022Warren Buffett’s $51 Billion Stock Market Shopping Spree: Here’s What He’s BuyingThe famed investor aggressively bought the dip last quarter as markets tanked.
< Markets, /markets, Money, /money, Markets, /markets, Business, /business, Billionaires, /worlds-billionaires, Energy, /energy, Policy, /policy, Hollywood & Entertainment, /hollywood-entertainment, Innovation, /innovation, Consumer Tech, /consumer-tech, Banking & Insurance, /banking-insurance, ETFs & Mutual Funds, /etfs-mutual-funds, Hedge Funds & Private Equity, /hedge-funds-private-equity, Investing, /investing, Personal Finance, /personal-finance, Wealth Management, /wealth-management, Retirement, /retirement, Breaking, breaking-news, News, news, Business, Business >

- Forbes 16:49May 17, 2022Musk, Bezos & Gates Technology Billionaire Trolling & Strolling. Please Just Get Back To Work.Technology billionaires need to stay in the technology game. We need their help now more than ever. They need to stop trolling and strolling around and get back to work. Gates is on the right path. Others should follow. Technology-enabled solutions can change the world.
< Enterprise Tech, /enterprise-tech, Innovation, /innovation, Enterprise Tech, /enterprise-tech, Billionaires, /worlds-billionaires, innovation, enterprise&cloud >

- Forbes 13:40May 17, 2022Billionaire Cheng Family’s New World Buys China Logistics Assets, Sells Aircraft Leasing FirmNWS Holdings has agreed to buy six logistics properties in China from Australia’s Goodman Group for $338 million as the Hong Kong-based developer seeks to tap the e-commerce boom, while divesting aircraft leasing firm Goshawk Aviation Ltd.
< Asia, /asia, Asia, /asia, Billionaires, /worlds-billionaires, Business, /business, Money, /money, Investing, /investing, Markets, /markets, No Paywall, no-paywall, Forbes Asia >

- Forbes 11:46May 17, 2022Elon Musk Says Twitter Deal ‘Cannot Move Forward’ Until CEO Proves Fake Account Numbers“My offer was based on Twitter’s SEC filings being accurate,” Musk said.
< Business, /business, Business, /business, Billionaires, /worlds-billionaires, Innovation, /innovation, Social Media, /social-media, Breaking, breaking-news >

- Forbes 08:00May 17, 2022Revolut CEO Nik Storonsky To Launch AI-Led Venture Capital FundNik Storonsky, the billionaire co-founder of the London-based fintech Revolut, aims to disrupt traditional venture investors using machine learning.
< Innovation, /innovation, Innovation, /innovation, Billionaires, /worlds-billionaires, Editors' Pick, editors-pick >

- Forbes 03:50May 17, 2022Some Of Korea’s Biggest Conglomerates To Build Small-Scale Nuclear Plants In AsiaSamsung and two other Korean conglomerates have signed an agreement with U.S.-based NuScale to build small-scale modular nuclear reactos, known as SMRs, in Asia as demand for clean energy grows globally.
< Asia, /asia, Asia, /asia, Business, /business, Billionaires, /worlds-billionaires, Innovation, /innovation, Money, /money, No Paywall, no-paywall, asia, business >

- Forbes 20:04May 16, 2022Airbnb’s Billionaire CEO Is Giving The Obama Foundation $100 Million For Travel-Focused College ScholarshipsStudents will get a $10,000 stipend and free Airbnb housing to travel and work between their junior and senior year of college.
< Billionaires, /worlds-billionaires, Billionaires, /worlds-billionaires, Lifestyle, /lifestyle, Travel, /travel, Leadership, /leadership, Education, /education >

- Forbes 12:10May 16, 2022Adani Group To Acquire Holcim’s India Business In $10.5 Billion DealIndian billionaire Gautam Adani’s company is acquiring Swiss building materials manufacturer Holcim Group’s Indian arm in a $10.5 billion deal.
< Asia, /asia, Asia, /asia, Billionaires, /worlds-billionaires, Business, /business, No Paywall, no-paywall >

- Forbes 02:40May 16, 2022Taiwan Covid Cases Hit A Daily Record 68,732; Computex Tech Fair Affirms In-Person ReturnTaiwan is one of the world's largest electronics suppliers
< Asia, /asia, Asia, /asia, Billionaires, /worlds-billionaires, Business, /business, Innovation, /innovation, asia, russellflanneryblog >

- Forbes 10:55May 14, 2022Selling Sports Shoes For Under $10 Turned This Shoemaker Into India’s Newest BillionaireThe IPO of Campus Activewear, which sells more shoes than the likes of Nike and Adidas in India, propels its founder into the billionaires club.
< Asia, /asia, Asia, /asia, Billionaires, /worlds-billionaires, Business, /business, Money, /money, Investing, /investing, Markets, /markets, No Paywall, no-paywall, Editors' Pick, editors-pick, asia >

- Forbes 10:00May 14, 2022Crypto’s Richest Lost Nearly $60 Billion In Recent Weeks In Massive Crypto CollapseFortunes rise and fall in the volatile world of cryptocurrency, but over the last few weeks, they’ve only moved in one direction—down.
< Billionaires, /worlds-billionaires, Billionaires, /worlds-billionaires >

- Forbes 04:45May 14, 2022Taiwan’s No. 2 Chip Maker Teams Up With Car Parts Giant To Make Semiconductors In JapanUMC is pairing up with Toyota-backed car-parts supplier Denso to make semiconductors in Japan to meet growing global demand in the automotive sector.
< Asia, /asia, Asia, /asia, Billionaires, /worlds-billionaires, Business, /business, Innovation, /innovation, No Paywall, no-paywall, asia, business >

- Forbes 03:42May 14, 2022Checks & Imbalances: Pro-Choice Billionaires, Abortion-Themed Ads SurgeWe continue looking at abortion’s impact on the midterm elections, as well as the latest district attorney who wants a crack at Donald Trump.
< Billionaires, /worlds-billionaires, Billionaires, /worlds-billionaires, No Paywall, no-paywall >

- Forbes 02:54May 14, 2022More Than One In Six Mainland Chinese On 2022 Forbes Billionaires List Are Now Below The CutCovid, global stock declines fueling wealth destruction
< Asia, /asia, Asia, /asia, Billionaires, /worlds-billionaires, Business, /business, Money, /money, Investing, /investing, Markets, /markets, asia, russellflanneryblog >

- Forbes 00:41May 14, 2022Elon Musk’s Early Morning Tweet Sends Twitter Shares Crashing, But He Ends The Day Billions Of Dollars RicherIt was a rocky week for Tesla shares– until Musk’s early Friday tweet. That helped the electric vehicle maker regain some lost ground.
< Billionaires, /worlds-billionaires, Billionaires, /worlds-billionaires >

- Forbes 22:41May 13, 2022Musk Could Try To ‘Get Out’ Of Twitter Acquisition After ‘Troubling’ Decision To Put Deal On Hold: AnalystsInvestors are left with “many questions and no concrete answers” about the deal going forward, analysts say.
< Markets, /markets, Money, /money, Markets, /markets, Billionaires, /worlds-billionaires, Business, /business, Media, /media, Policy, /policy, Innovation, /innovation, Social Media, /social-media, Banking & Insurance, /banking-insurance, ETFs & Mutual Funds, /etfs-mutual-funds, Hedge Funds & Private Equity, /hedge-funds-private-equity, Investing, /investing, Personal Finance, /personal-finance, Wealth Management, /wealth-management, Breaking, breaking-news, News, news, Business, Business >

- Forbes 15:26May 13, 2022U.K. Sanctions Putin’s ‘Shady’ Network Of Family And Friends—Including Rumored GirlfriendIncluded in the new sanctions is Alina Kabaeva, a former Olympic gymnast widely believed to be Vladimir Putin’s secret partner.
< Business, /business, Business, /business, Billionaires, /worlds-billionaires, Breaking, breaking-news, Ukraine Russia, breaking-ukraine >

- Forbes 13:06May 13, 2022Elon Musk Says Twitter Deal ‘On Hold’Twitter shares dropped 25% in pre-market trading Friday morning after Musk's announcement.
< Business, /business, Business, /business, Innovation, /innovation, Social Media, /social-media, Billionaires, /worlds-billionaires, Breaking, breaking-news >

- Forbes 10:55May 13, 2022Billionaire Lance Gokongwei’s Cebu Air To Expand, Renew Fleet As Travel Demand ReboundsCebu Air—controlled by billionaire Lance Gokongwei and his family’s JG Summit—plans to gradually expand the company’s fleet over the next five years amid signs travel and tourism is staging a post-pandemic recovery.
< Asia, /asia, Asia, /asia, Billionaires, /worlds-billionaires, Business, /business, Aerospace & Defense, /aerospace-defense, Money, /money, No Paywall, no-paywall, Forbes Asia >

- Forbes 13:30May 12, 2022MacKenzie Scott, Michael Bloomberg Among The Biggest Billionaire Donors To Abortion-Rights GroupsReproductive-health nonprofits received a fraction of the $76 billion in foundations’ philanthropic giving from 2015 to 2019.
< Billionaires, /worlds-billionaires, Billionaires, /worlds-billionaires >

- Forbes 13:30May 12, 2022Billionaire Venture Capitalist Josh Kushner Takes Out $23 Million Mortgage On Manhattan Penthouse He Bought From His FamilyJared Kushner’s younger brother paid $35 million for a piece of his family’s real estate empire late last year.
< Billionaires, /worlds-billionaires, Billionaires, /worlds-billionaires >

- Forbes 11:30May 12, 2022Billionaire Sun Hongbin’s Sunac Defaults On Dollar Bond PaymentsSunac China Holdings, the real estate developer headed by billionaire Sun Hongbin, said it had defaulted on interest payments for a $742 million offshore bond, and it’s also unlikely to make the payments on other notes coming due this year and next.
< Asia, /asia, Asia, /asia, Billionaires, /worlds-billionaires, Business, /business, Money, /money, No Paywall, no-paywall, asia >

- Forbes 08:55May 12, 2022Philippine Billionaire Enrique Razon’s Bloomberry To Invest In Tycoon Dennis Uy’s Casino ProjectsBloomberry Resorts—controlled by billionaire Enrique Razon—has signed a deal to invest in Davao-based businessman Dennis Uy’s casino resort projects in the central Philippine island of Cebu and at the former Clark Airbase in Pampanga, north of Manila.
< Asia, /asia, Asia, /asia, Billionaires, /worlds-billionaires, Business, /business, Money, /money, No Paywall, no-paywall, Forbes Asia >

- Forbes 00:26May 12, 2022Amid Crypto Plunge, Longtime Bitcoin Bull Michael Saylor Falls From Billionaire RanksCrypto investors are reeling from the recent market downturn, but few have lost more than Michael Saylor, the tech CEO who’s staked his company’s future on Bitcoin.
< Billionaires, /worlds-billionaires, Billionaires, /worlds-billionaires >

- Forbes 23:51May 11, 2022Why Elon Musk Is $30 Billion Poorer This WeekTesla shares are down 15% since last Friday, making it a bad week for the world’s richest person.
< Billionaires, /worlds-billionaires, Billionaires, /worlds-billionaires >

- Forbes 13:30May 11, 2022The Aussie Tech Billionaire Who Bet Big Against Coal, Making Enemies At Home And Admirers In The U.S.Atlassian co-CEO Mike Cannon-Brookes is putting his money behind an effort to make Australia’s biggest power company stop spewing.
< Enterprise Tech, /enterprise-tech, Innovation, /innovation, Enterprise Tech, /enterprise-tech, Billionaires, /worlds-billionaires, Cloud, /cloud, Sustainability, /sustainability, Leadership, /leadership, CEO Network, /ceo-network, Business, /business, Energy, /energy, Daily Cover, daily-cover, Editors' Pick, editors-pick >

- Forbes 19:11May 10, 2022Checks & Imbalances: Cawthorn’s Check, Vela’s Whirl, Trump’s CellWe look at who just donated to Rep. Madison Cawthorn (R-N.C.), the philosophy of Gordon Sondland and Donald Trump's latest reason to not comply with a subpoena.
< Billionaires, /worlds-billionaires, Billionaires, /worlds-billionaires, No Paywall, no-paywall >

- Forbes 15:00May 10, 202282% Of Family Office Professionals Say They Will Be Moving Roles This YearWhile 2021 was aptly titled The Great Resignation, 2022 seems to be the year of the move as more than 80% of Family Office Professionals told Agreus they would be moving into a new role this year.
< Wealth Management, /wealth-management, Money, /money, Wealth Management, /wealth-management, Billionaires, /worlds-billionaires >

- Forbes 12:05May 10, 2022Surging Costs And Covid Lockdown Have Cost This Battery Billionaire More Than $10 BillionZeng, 53, now has a net worth of $32.6 billion. His fortune is down $12.2 billion, or 27%, from $44.8 billion in early April, when Forbes published the world’s billionaire ranks for 2022.
< Asia, /asia, Asia, /asia, Billionaires, /worlds-billionaires, asia >

- Forbes 08:00May 10, 2022SoftBank Ventures Asia Leads $5.8 Million Investment In Korean Autonomous Shipping StartupFounded in 2015, Seadronix develops AI software to help cargo ships navigate with minimal involvement from sailors, similar to autonomous cars.
< Asia, /asia, Asia, /asia, Billionaires, /worlds-billionaires, Business, /business, Innovation, /innovation, Money, /money, Entrepreneurs, /entrepreneurs, No Paywall, no-paywall >

- Forbes 01:57May 10, 2022China’s Geely Auto To Buy 34% Of Renault Korea Motors In Bid For South Korean, Export MarketsGeely Auto's parent company also controls Volvo, Polestar
< Asia, /asia, Asia, /asia, Billionaires, /worlds-billionaires, Business, /business, Money, /money, Investing, /investing, Markets, /markets, asia, russellflanneryblog >

- Forbes 22:00May 9, 2022Rivian Hits New Low, Stock Plunges Nearly 20% As Early Investors Offload Shares In ‘Jittery Market’The electric vehicle startup’s shares have tanked nearly 80% so far this year.
< Markets, /markets, Money, /money, Markets, /markets, Business, /business, Billionaires, /worlds-billionaires, Energy, /energy, Banking & Insurance, /banking-insurance, ETFs & Mutual Funds, /etfs-mutual-funds, Investing, /investing, Hedge Funds & Private Equity, /hedge-funds-private-equity, Personal Finance, /personal-finance, Wealth Management, /wealth-management, Innovation, /innovation, Science, /science, Breaking, breaking-news, News, news, Business, Business >

- Forbes 16:18May 9, 2022Madison Cawthorn’s Campaign Gets Donation From Associate Of Sanctioned Russian BillionaireThe cousin and one-time asset manager for billionaire Viktor Vekselberg made his first-ever contribution to the controversial North Carolina Republican on Friday.
< Billionaires, /worlds-billionaires, Billionaires, /worlds-billionaires, Editors' Pick, editors-pick >

- Forbes 10:25May 9, 2022Singapore Tycoon Kwek Leng Beng’s CDL Suburban Housing Project Sees Robust Sales Despite Property CurbsCity Developments has sold 77% of its residential units at Piccadilly Grand, a residential condominium it is jointly developing with Hongkong Land unit MCL Land just outside the Singapore central business district, despite the government’s property cooling measures.
< Asia, /asia, Asia, /asia, Billionaires, /worlds-billionaires, Business, /business, Money, /money, Investing, /investing, Markets, /markets, No Paywall, no-paywall, Forbes Asia >

- Forbes 07:30May 9, 2022Billionaire Ng Family’s Far East, Perennial To Buy Singapore CBD Property For $504 MillionFar East Organization and Sino Land have partnered with Perennial Holdings to buy the iconic Golden Mile Complex on the edge of the Singapore central business district for S$700 million, adding to signs of robust demand for older properties earmarked for redevelopment in the financial hub.
< Asia, /asia, Asia, /asia, Billionaires, /worlds-billionaires, Business, /business, Money, /money, Investing, /investing, Markets, /markets, No Paywall, no-paywall, Forbes Asia >

- Forbes 00:09May 7, 2022Italy Freezes Scheherazade Superyacht Linked To Vladimir PutinItaly’s Ministry of Economy and Finance froze the 459-foot yacht after a months-long investigation, amid fears it would attempt to leave the country.
< Billionaires, /worlds-billionaires, Billionaires, /worlds-billionaires, Breaking, breaking-news, Editors' Pick, editors-pick, Ukraine Russia, breaking-ukraine >

- Forbes 20:24May 6, 2022Checks & Imbalances: Vance And Billionaires, Collins And Abortion ProvidersWe look at who didn’t donate to J.D. Vance’s campaign, and who has continued to back Sen. Susan Collins (R-Maine).
< Billionaires, /worlds-billionaires, Billionaires, /worlds-billionaires, No Paywall, no-paywall >
