Korea's 5 Richest Billionaires 2024Although South Korea’s benchmark Kospi index was one of the worst performers in Asia last year, it rebounded in 2024 fueled by investor frenzy over AI and the government’s $470 billion plan with the private sector to make the country a global chip production hub. The Kospi’s 11% rise, since we last measured fortunes 12 months ago, lifted the collective net worth of the country’s 50 richest to $115 billion from $106 billion. This list was compil...
Meet The Fintech Billionaire Making A Fortune Rewarding Home RentersWith support from American Express’ longtime CEO Ken Chenault, the founder of fintech Bilt Rewards has become a billionaire creating a membership rewards program for house and apartment renters across the country. Read the full story on Forbes: https://www.forbes.com/sites/kerryadolan/2024/04/24/meet-the-fintech-billionaire-making-a-fortune-rewarding-home-renters/?sh=6ab5cab84ca7 Subscribe to FORBES: https://www.yout...
15th Century Italian Castle In Tuscany Seeks Its New Overlord | Real Estate | ForbesThis 15th century castle set in the Tuscan countryside has an enduring place in the history of Florence, Italy. And now, for the price of €6 million or about $6.35 million, you could be its new overlord. The Cavalcanti Castle was constructed around 1427. In the intervening centuries, the castle has undergone numerous expansions and restorations while retaining its architecture and distinctive features....
Anatomy Of A $46 Million Renewable Energy SwindleRhino Onward International—or ROI—launched in 2022 claiming that its cutting-edge tech would make it a major player in Green Hydrogen. Instead, investors claim the founders used their funds to collect luxury cars, pay off bills, and otherwise fuel their extravagant lifestyles. Read the full story on Forbes: https://www.forbes.com/sites/johnhyatt/2024/04/23/anatomy-of-a-46-million-renewable-energy-swindle/?sh=d9b01803c4b4 Subscribe to...
Billionaire Breaks Ground On The U.S.'S First High-Speed RailWes Edens has broken ground on Brightline West, his $12 billion Las Vegas-to-SoCal railway, aided by billions from the Biden Administration. But building more high-speed lines like this one won’t be easy. Read the full story on Forbes: https://www.forbes.com/sites/alanohnsman/2024/04/23/in-las-vegas-a-billionaires-blueprint-for-building-bullet-trains/?sh=2baad0ba64ac Subscribe to FORBES: https://www.youtube.com/user/Forbes?...
Here's How Much Trump--And His Donors--Are Paying Attorneys In The Hush Money TrialFormer President Donald Trump’s defense in his ongoing criminal trial is being bankrolled by his supporters—as are his other legal cases—as Federal Election Commission filings show his PAC Save America has been paying millions to the two law firms representing him in his trial over hush money payments, even before the trial proceedings got underway. Read the full story on Forbes: https://www.forbes....
Mike Tyson On Taking A Bite Out Of The Cannabis Industry | ForbesMike Tyson, the former heavyweight champion and cannabis mogul (with ear-shaped gummies) tells Forbes how pot changed his life—and the secret weapon that will help him smoke Jake Paul in their fight. While Iron Mike was prone to being his own hype man as a fighter, he’s not far off with his claims about his budding cannabis company. Tyson 2.0 sells marijuana products—including flower, vapes and edibles made in the sh...
TikTok's Ban Bill Nightmare Is Just BeginningOn Wednesday, President Joe Biden signed into law a bill that will force China-based social media giant ByteDance to sell its crown jewel TikTok. If it does not, the app will be banned in the United States—an unprecedented move that would be the first instance of this country prohibiting a foreign-owned social media app. Read the full story on Forbes: https://www.forbes.com/sites/alexandralevine/2024/04/25/tiktok-ban-bill-bytedance-divest-c...
Power's Michael Rainey Jr. Shares The Best Advice 50 Cent Has Given HimMichael Rainey Jr, an actor most known for his character Tarik St. Patrick on Power, joins Rosemarie Miller on “New Money” to discuss his life growing up as a child actor, his passion for music, and 50 Cent’s mentorship. 0:00 Introduction 0:46 The Start Of Michael's Career At 9-Years-Old 4:57 Landing Power And Barbershop 3 7:16 Michael On 50 Cent's Mentorship 9:59 Starting A Music Production Company And Entrepr...
Modern Socialism Alert: Federal Government Has Created Another Dangerous Rule To Constrain EmployersSteve Forbes decries a new FTC rule which would ban noncompetes and greatly constrain business freedom and continue our path to modern socialism. Read the full story on Forbes: Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1 Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported s...
The Tech Bros Powering Silicon Valley's Military Fever DreamVenture investors like Andreessen Horowitz are swooning over the so-called “Gundo Bros,” who are building American hardware and software companies near LAX airport. Read the full story on Forbes: https://www.forbes.com/sites/davidjeans/2024/04/19/gundo-bros-silicon-valley-military/?sh=45d3081f52c9 Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1 Fuel your success with Forbes. Gain unlimited acce...
Here's How To Lure A Billionaire Investor: Have VisionTanya Van Court, the CEO of financial technology startup Goalsetter, joins Forbes senior writer Jabari Young at the Nasdaq MarketSite to discuss the startup’s $9.6 Series A extension raise. Van Court founded Goalsetter in 2016 and lured investors, including billionaire Robert Smith, NBA stars Chris Paul and Kevin Durant, and former New York Yankees pitcher C.C. Sabathia. Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_...
Believe It Or Not, The World Is Beginning To Lurch Forward To A New Gold StandardSteve Forbes explains that despite widespread and long-held contempt by economists, the gold standard is making a definite comeback—and this is stellar economic news for everyone. Read the full story on Forbes: Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1 Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in...
Inside A $46 Million Renewable Energy SwindleRhino Onward International, or ROI as it called itself, launched in 2022 with some big promises. The renewables development firm claimed that its “proprietary process and technology” put it in position “to assume the leading role in Green Hydrogen production.” The company said it was building a green hydrogen plant in Arizona that would be worth about $530 million within 5 years, according to marketing materials it shared with investor...
Here's Who Could Potentially Buy TikTok In The U.S.President Joe Biden signed into law Wednesday a bill that would ban TikTok unless its parent company ByteDance finds a U.S.-based buyer—and several potential U.S. buyers have already signaled interest in or have been rumored to be exploring purchasing the popular social media platform. Read the full story on Forbes: https://www.forbes.com/sites/jamesfarrell/2024/04/24/who-could-buy-tiktok-heres-whos-been-floated-as-a-potential-buyer-a...
Meet The Billionaire Betting Big On An Idyllic Island Retreat In The PhilippinesInside Andrew Tan's $720 million eco-tourism project in the country’s pristine beachside paradise. Read the full story on Forbes: https://www.forbes.com/sites/jonathanburgos/2024/04/20/megaworld-billionaire-andrew-tan-720-million-eco-tourism-palawan-philippines/?sh=191cb6d467c2 Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1 Fuel your success with Forbes. Gain unlimited access...
A Billionaire’s Blueprint For Building Bullet TrainsWes Edens has broken ground on Brightline West, his $12 billion Las Vegas-to-SoCal railway, aided by billions from the Biden Administration. But building more high-speed lines like this one won’t be easy. Under a blazing morning Las Vegas sun, billionaire Wes Edens and Transportation Secretary Pete Buttigieg threw a party this week to mark the start of construction of Brightline West, the first private high-speed railway in the U.S...
YouTuber Jacksepticeye Describes How YouTube Has Changed In His 10 Years OnlineYouTube creator and former Forbes Under 30 lister Sean McLoughlin "Jacksepticeye" spoke about how YouTube has changed in the over ten years he's been posting online. Read the full story on Forbes: Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1 Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported s...
DOJ Will Pay Larry Nassar Abuse Victims—Including Simone Biles, Aly Raisman—$138.7 MillionThe Department of Justice reached a $138.7 million settlement on Tuesday to pay hundreds of victims of convicted USA Gymnastics doctor Larry Nassar, over allegations the FBI failed to investigate accusations of sexual misconduct and abuse. Read the full story on Forbes: https://www.forbes.com/sites/brianbushard/2024/04/23/doj-will-pay-larry-nassar-abuse-victims-1387-million-after-fbi-accused-of...
Inside VR Gaming Startup StatusPro's $20 Million RaiseFormer NFL wideout Andrew Hawkins joined senior writer Jabari Young at the Nasdaq MarketSite to discuss sports technology and gaming startup StatusPro. The virtual reality software company raised $20 million in February and has star-studded investors, including entertainer Drake, NBA superstar LeBron James, and Baltimore Ravens quarterback Lamar Jackson. Hawkins, the president of StatusPro, explains its plan to deploy the capital and ...
How Boeing's Problems Could Disrupt Summer TravelU.S. airlines had been looking forward to a strong summer. Holding them back: problems at Boeing and Airbus that are delaying deliveries of new planes. Under intense federal and public pressure to improve the quality of its planes, Boeing’s production of 737 Max jets has slowed to a trickle. In March the company said it delivered 24 of its bestselling plane to customers, down 53% from the same month a year ago. In the first two weeks of...
YouTube Creator Jacksepticeye Came Close To Retiring This Year—Here's Why He's Staying OnlineYouTube creator and former Forbes Under 30 lister Sean McLoughlin "Jacksepticeye" spoke about why he's giving fans at least two more years on his channel before retiring. However, McLoughlin is already testing other business opportunities with his coffee company Top Of The Mornin' Coffee and his comic book series The ALTRVERSE. Read the full story on Forbes: Subscribe to FORBES: https://www....
Total Embarrassment: Nike's USA Women's Track And Field Team Uniform Is An Epic FiascoSteve Forbes drops the hammer on Nike's ability to make uniforms, calling out the embarrassments of both the Major League Baseball redesign and the new garb for the USA Women's Track and Field Team. Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1 Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth repo...
Who Will Benefit From O.J. Simpson's Estate? It's ComplicatedUnder Nevada law, expenses get paid first and then debts like the civil judgment won by the families of Ron Goldman and Nicole Brown for their murders–all before heirs. Are there assets elsewhere? Read the full story on Forbes: https://www.forbes.com/sites/kellyphillipserb/2024/04/19/who-will-benefit-from-oj-simpsons-estate-its-complicated/?sh=70e96c6018db Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirm...
Shoe Designer Christian Louboutin Is Now A BillionaireAfter four decades of keeping his well-heeled clients in his iconic red-soled heels, shoe designer Christian Louboutin is now a billionaire. The 61-year-old designer is stepping into the billionaire ranks thanks to his eponymous fashion brand. While still best-known for its towering stilettos and perilous platforms, the Louboutin brand has expanded into sneakers, bags, and beauty products, as well as lines for men and children. The c...
Green Hydrogen’s Hype Hits Some Very Expensive HurdlesA fight over a vital federal tax credit intended to kickstart a market for clean hydrogen and worries over high production costs are cooling near-term expectations for the climate-friendly fuel. Read the full story on Forbes: https://www.forbes.com/sites/alanohnsman/2024/04/16/green-hydrogens-hype-hits-some-very-expensive-hurdles/?sh=1d735be56e57 Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1 Fuel you...
Are You Financially Prepared To Die? 4 Ways To Plan For The InevitableJust as you prepare for life’s significant events, it's equally crucial to anticipate your eventual departure and protect your loved ones from the burden of financial complications. Forbes contributor True Tamplin outlines how to tackle your assets. Read the full story on Forbes: https://www.forbes.com/sites/truetamplin/2023/10/31/4-questions-to-know-if-you-are-financially-prepared-to-die/?sh=4275a1864730 Subscribe...
This $10.2M Villa Along The French Riviera Revels In Its Glamorous Past | Real Estate | ForbesWhen this elegant Roquebrune-Cap-Martin villa was built in the 1920s, the French Riviera was already a coveted destination for the world’s wealthy and artistic. The Belle Epoque had fueled tastes for opulence and lavishness. Clear blue Mediterranean waters, hillside landscapes and the mild climate drew inspiration-seeking writers, artists and intellectuals. Roquebrune-Cap-Martin’s grand hot...
Meet The Guy Who Raised Over $100 Million To Race DronesDrone Racing League CEO Nicholas Horbaczewski joins Forbes senior writer Jabari Young at the Nasdaq MarketSite to discuss the business of racing drones and update the status of the Generation Z sports startup. Founded in 2015, Drone Racing League, or DRL, is a sports technology and entertainment startup that hosts yearly tournaments where drone pilots compete for a cash prize. Horbaczewski says DRL will host its ninth season this f...
The Cannabis Civil War: Hemp vs. MarijuanaWith federal legalization of pot indefinitely stalled, hemp products have bloomed into a $28 billion gray industry determined to get America high—legally. Read the full story on Forbes: https://www.forbes.com/sites/willyakowicz/2024/04/19/the-cannabis-civil-war-hemp-vs-marijuana/?sh=5ce65cfa4d73 Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1 Fuel your success with Forbes. Gain unlimited access to premium journali...
Meet The AI Entrepreneur Who Used LinkedIn To Raise $13.8 MillionBenjamin Harvey, the CEO of AI Squared, says he’s added investors including former TIAA CEO Roger Ferguson. Harvey joined Forbes senior writer Jabari Young at the Nasdaq MarketSite to discuss the startup’s Series A raise. Read the full story on Forbes: https://www.forbes.com/sites/jabariyoung/2024/04/17/meet-the-ai-entrepreneur-who-used-linkedin-to-raise-138-million/?sh=60958bea5837 Subscribe to FORBES: https://www.yo...
TikTok Mishandled The Data Of Hundreds Of Top American AdvertisersSensitive business information from advertisers like Amazon, Disney and the New York Times was widely available to ByteDance staff across the U.S. and China, Forbes has learned. TikTok, which is fighting a ban over its handling of data, declined to comment. Read the full story on Forbes: https://www.forbes.com/sites/alexandralevine/2024/04/17/tiktok-mishandled-advertisers-data-bytedance-china/?sh=7182bc48da2b Subscribe t...
America's Top 5 Best Banks 2024The failures of Silicon Valley Bank and peers like First Republic Bank made 2023 the most tumultuous year for the banking industry since the 2008 crisis, but for some small community banks, the chaos hardly registered. City Holding Co., the parent company of West Virginia's City National Bank with $6.2 billion in assets, is based in the capital city of Charleston, in a region of Appalachia known for coal. West Virginia is a state whose population of 1.8 mi...
A Michelin Star Chef Explains The Business Of Fine DiningCharlie Mitchell, executive chef and coowner of the Michelin-starred Clover Hill in Brooklyn, New York sat down with Forbes Reporter Rosemarie Miller to talk about what it takes to own and operate a fine dining restaurant in the heart of New York. 0:00 Introduction 0:35 Being The First Black Michelin Star Chef In New York 3:45 Standing Out In The Culinary Business 5:17 Inflation's Impact On Running A Restaurant 9:04 How To Learn T...
How One Billionaire Lost Millions And Left Underserved Scholarship Students In LimboOn March 21, the roughly 70 employees of the Schuler Education Foundation, based in the affluent suburb of Lake Forest, Illinois, were summoned to an emergency all-hands meeting. Over the past two-plus decades, the nonprofit founded and funded by a former president of healthcare giant Abbott Laboratories, Jack Schuler, had spent at least $150 million counseling and tutoring more than 1,800 low-income stud...
Meet The New Billionaire Getting Rich Making Injectors For Blockbuster Drugs Like OzempicThe runaway success of weight loss drugs took the markets by storm last year, spurring huge stock gains for drugmakers like Novo Nordisk, which makes Wegovy and Ozempic. Most patients take them at home in weekly injections, using plastic, pen-like devices known as autoinjectors, filled with the liquid medication and fitted with a tiny needle as wide as two human hairs. As demand for the drugs soars,...
This Billionaire's Bad Bets Left Hundreds Of Underserved Scholarship Students In LimboThrowing good money after bad and refusing to cut his losses with risky healthcare bets cost Jack Schuler most of his fortune—and left hundreds of underserved kids in the lurch. Read the full story on Forbes: https://www.forbes.com/sites/giacomotognini/2024/04/16/inside-the-collapse-of-a-former-billionaires-foundation-for-low-income-students/?sh=1cbc813f2f78 Subscribe to FORBES: https://www.youtube....