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Oprah Winfrey says ‘life starts at 44’—and research proves she’s right: the average founder starts their business after 40
Billionaire Oprah Winfrey says she “locked in” in her 40s—as most CEOs and founders are middle-aged.
AEW's Tony Khan on the business lessons he learned from his billionaire father Shad Khan
The All Elite Wrestling CEO said his father's journey to becoming a billionaire embodies the American dream.
Byron Donalds gets his biggest contribution yet: $10M from Ken Griffin
Donalds has also received $7.5 million from Pennsylvania billionaire Jeff Yass, bringing his total war chest to $92 million.
‘I got carried away’: Elon Musk expresses regret about Doge and wading into Trump’s orbit
Billionaire in interview with the Economist admits he was too consumed by politics and shares predictions about AI
Former finance exec at Related Cos. takes over as CFO at SJC Ventures
One of the leaders at billionaire developer Stephen Ross' South Florida firm has accepted a role in Atlanta.
Newsom's populist act: Oppose state billionaire tax, embrace federal one
Gov. Gavin Newsom opposes the California wealth tax measure and supports one nationally. But there’s another tax-the-rich measure on the state ballot.
5 Steps To Turn Your Regular Business Into An AI Business
The next wave of billionaires will be AI billionaires, and they build tools instead of buying them. Here are five steps to turn your business into an AI business.
LeBron James Credits Jay-Z For Teaching Him How To Move In The Business World, Now They Are Both Billionaires
Jay-Z helped LeBron James succeed in the business world.
What does new Seahawks owner say he stands for?
Vinod Khosla's family is leading a group that has agreed to purchase the Seahawks. Here's what the billionaire venture capitalist has said about President Trump and other politicians.
It's Abdul El Sayed vs. billionaires, Bernie Sanders says in Detroit
U.S. Rep. Alexandria Ocasio-Cortez and U.S. Sen. Bernie Sanders visited Michigan to stump for progressive candidates July 18.
Bernie Sanders dismisses Haley Stevens, says Michigan race is against the 'billionaire class'
Sen. Bernie Sanders says Michigan's Democratic Senate primary isn't about Rep. Haley Stevens but whether the billionaire class can stop El-Sayed.
Tom Cruise Reveals Surprising New Look In Trailer For Movie About An Eccentric Billionaire
Check out the movie star’s wild new role in the upcoming black comedy starring Jesse Plemons and Riz Ahmed.
Leon Black walked out of an Epstein House committee interview. Here’s what we know
Billionaire investor Leon Black, who for years paid Jeffrey Epstein for tax and financial advice, is facing scrutiny over his relationship with the late convicted sex offender after walking out of a closed-door interview with House investigators last month.
Paying for early access to Trump’s Truth Social could raise big money
In yet another unprecedented move by America's first billionaire president, Donald Trump may soon be profiting from a new line of business tied to his office: charging access for a first peek at certain posts on his Truth Social platform.
Paying for Early Access to Trump's Truth Social Could Raise Big Money
NEW YORK (AP) — America’s first billionaire president may soon be profiting from a new line of business tied to his office: charging access for a first peek at certain posts on his Truth Social platform. Donald Trump's struggling media company plans to sell Wall Street traders the chance to see ...
Meet the billionaires behind $336M ‘explosion’ of money in California politics, per new report
San Francisco is no stranger to concentrated wealth shaping City Hall, and big-money spenders did well here during the last primary.
Meet the billionaires behind $336M ‘explosion’ of money in California politics, per new report
San Francisco is no stranger to concentrated wealth shaping City Hall, and big-money spenders did well here during the last primary.
Young millionaire reveals the wealth-building lessons he learned from billionaires
The young entrepreneur behind 'School of Hard Knocks' shares his strategy for turning a content creator business into multiple revenue streams.
The States Try to Topple WarnerMount…Thus Begins the Local Antitrust Era
(Welcome to the “Most Important Story of the Week”, my bi-weekly strategy column analyzing the most important (but often not buzziest) news story of the last two weeks. I’m the Entertainment Strategy Guy, a former streaming executive who now analyzes business strategy in the entertainment industry. Please subscribe.) Well, it looks like it’s time for another strategy column. Can I finally avoid writing about M&A? No, it seems I cannot. Admittedly, I’m a week early with this column, since I usually put it out every other week. But this news couldn’t wait. This will make three “Most Important Stories” in a row with a merger or acquisition as its centerpiece. First, Roku-Fox (an acquisition), then Comcast-NBCUniversal (a divestment!), and now the State AGs and the WGA’s lawsuits against Paramount’s pursuit of Warner Bros. Discovery (antitrust). M&A is usually the “most important” topic any given week, simply because a giant company merging or breaking up (or preventing those outcomes) can have the biggest impact on the streaming board. If you think about these companies as players in a game, changing the number of players is one of the biggest changes you can make. I shouldn’t really complain, either, since this lawsuit is very good news for customers and suppliers (econ speak for talent, workers and indie studios in Hollywood). So let me answer some questions about this potential trial, along with (shudder) making some heavily caveated predictions. I’ll also look at whether Hollywood must consolidate, whether or not the states can win, trouble at X-Box, Netflix’s YouTube binge, and more. Plus, I have five images that visualize this merger and the harm, including three brand new data looks you’ve never seen before. Subscribe Most Important Story of the Week - Can The States and the WGA Stop Hollywood’s Consolidation (Crisis)? If every other newsletter and news outlet is writing about the same story, I try to avoid writing about it as well, but I can’t ignore a story this consequential. The story of the last year was the fate of Warner Bros. Discovery, and this development potentially extends that saga into 2027. As I tried to figure out my angle, I realized, like my last column, I’m again faced with a series of questions. These questions, though, are much more forward-looking. Will the states win? Will the WGA win? If so, what happens to Warner Bros. Discovery? Either way, will this chill the market for future mergers? So you know what that means: predictions. About the future, no less, the hardest thing to predict.1 Just remember: nothing here comes with a guarantee. And the more confident someone is in their predictions, the less you should trust them. This situation is incredibly fluid, nuanced, uncertain and tenuous. So let’s try to explain what may happen. Question: Why File this Lawsuit? I’ll admit, a few months back, I was fairly pessimistic about the fate of this lawsuit. Rumors had started bubbling up that the state Attorneys General (in particular California) wanted to settle with either some minor divestments (usually CNN) or behavioral remedies. And that tracked for me: the states usually settle lawsuits, like the recent John Deere right-to-repair suit. Yet, they plan to fight this. (As they did the LiveNation-Ticketmaster monopolization trial and the Nexstar-Tegna merger.) Honestly, that also makes a ton of sense. Frankly, this move is just good politics for these State AGs. Most are still running for higher and higher office in blue states—some folks have emphasized that only Democratic AGs joined this suit, but given the Ellison/Trump ties, and fears of retribution, that tracks—and a high profile case like this will help them move up the electoral ladder, especially since Paramount and its leadership (the Ellisons, father and heir) have sided with the other side of the political aisle. That makes them unsympathetic to Democratic voters and Hollywood workers in particular. Why did this lawsuit happen? In addition to the very real concerns about industry consolidation, this is why. That said, I don’t think we would have seen this lawsuit for Netflix and Warner Bros., simply because they’re more sympathetic and aligned with Democrats. But those consolidation concerns are real. The “town”—meaning Hollywood and such—really is seeing the damage of mergers on this industry. That’s why the WGA also filed its own lawsuit in defense of workers as well. (Wildcard: What about Europe? Will they try to stop the deal, too? There have been some rumors out of the UK they may try to fight the deal, and UK enforcers just stopped a Getty Images-Shutterstock tie up, so there is precedence. This argument could go either way, though. On one hand, the EU doesn’t need to step in, cause they states are handling it. On the other hand, this could make the EU’s case easier. Just imagine if both sides coordinated. I’ll simply say, “We’ll see!”) Question: Will The State AGs or the WGA Win? Can the state AGs play David to Paramount-Skydance’s Goliath here? That’s really the whole thing, isn’t it? If you know this result, you could make a lot of money. When things are uncertain, it’s tempting to shrug and say, “Eh” meaning it’s a 50/50 proposition. I wouldn’t, though. When in doubt, you should expect that the merging parties succeed. AT&T did successfully buy Warner Bros., after all, and Disney bought Fox without any challenges. Many judges are extremely sympathetic to mergers, and I’d bet the state AGs get a judge who will allow the merger. (Even Obama-appointed judges often allow mergers.) As I understand it, we’ll see two main attacks. First, theatrical films. The AGs are arguing that, when it comes to share of box office and the number of both “wide releases” and blockbuster (or “tentpole”) films, the merging parties will have over 27% market share. Now, the Supreme Court once ruled from on high that any merger that exceeds 30% is presumptively illegal, but that’s guidance, not an ironclad bar. Still, the states will have to argue that this is close to having too much power, and with that power, this will likely further worsen the theater/studio splits in particular. Indeed, as Matthew Stoller pointed out, “just five studios are responsible for 95% of all blockbusters; if this merger goes through, then Paramount and Disney will control 60% of that.” So yes, movie studios will be very concentrated after this merger. Want me to visualize some of that? Well, here’s the share of films that grossed over $200 million at the domestic box office since 2022. (Note: this isn’t all films released in over 3,000 screens, but it is a good look at market power.) First, here are the 43 films by studio: Notice all the blue (Disney), orange (Universal), and purple (Warner Bros)? Yeah, those studios are powerful, and this combines Paramount with one of them. Here’s the look by studio and share of the films that grossed over $200 million: Now, if you look at that and also think, “Huh, should we break up Disney?” I’m with you. I’ve seen some folks poo-poo this idea that this is a real category, but it is! For an upcoming article, I’ve been pulling data on the share of top 100 films at the box office as a share of total box office, and it’s massive. Here’s the chart: (This analysis looks at The-Number’s top 100 films and total domestic box office each year.) To be clear, tentpoles make up 80.7% of the box office each year, so I do think it’s a genuine market. (To be clear, films grossing over $50 million make up 80% of the domestic box office, and films grossing over $100 million make up 64.1%.) I mean, the top 100 films at the box office make up 95% of each year’s grosses. Worse, the combined studios will likely cut output to flex that market power. Everyone can just look at what happened to Disney and Fox to see the precedent. (With fewer films, the remaining theaters have to give more for those few films that remain.) Here’s an image I’ve used a lot, the share of wide-release films from Disney and Fox over time: The AGs will also argue that this consolidation will also impact the cable industry. In this case, the consolidation is actually worse, but that environment is…complicated. Paramount will argue that the cable industry is shrinking. That said, predictions that cable will “go to zero” also don’t look very well supported by the data, as the declines are shrinking, meaning “cable” or “vMVPDs” will likely stabilize at some point. Can the state Attorneys General win on those two main arguments? I honestly don’t know. Again, I’d bet no, since history in general supports that, but it depends on the judge/jury and how they interpret the arguments. Notably, Paramount won’t face accusations about monopoly power in other areas, like streaming, news, sports rights, or vertical integration. I tend to disagree with leaving out sports rights, but I also see the appeal for a simpler case. The states also aren’t really pushing novel theories about labor harm either, which should help. (By the way, Sean McNulty at The Ankler wrote a great run through of potential options, and Capitol Forum also wrote a great paper on theatrical consolidation. Both these pieces predated the lawsuit. Matthew Stoller is also out with his analysis of the pros and cons of the case too.) In some ways, the WGA’s case is even stronger. Quoting Sean McNulty’s summary: “The WGA is citing WARNAMOUNT as crossing a 30% market share in multiple sectors, a number that the Supreme Court has precedent for deeming “presumptively anticompetitive” in a market. According to the WGA numbers, WARNAMOUNT would have represented: - 35% of film writing jobs between 2021 and 2024 - 36% of TV writing projects between 2022 and 2025 - 38% of overall deals between 2021 and 2024” Notably, antitrust enforcers did win recently in the Penguin-Simon & Schuster merger by focusing on labor impact, so don’t count this thinking out. (Wildcard: Will the states try to get a jury trial? Most likely no, they’ll let a judge handle it. If I’m them, though, I’d try to put this in front of a jury. Juries tend to understand monopoly power in a more realistic way than judges faced with legions of economists.) Question: What if They Win? What if They Lose?
Fertitta clears key regulatory hurdle—but biggest Caesars tests remain
But could a rival billionaire be on the prowl to steal the casino operator deal from Fertitta?
Wednesday briefing: Do MPs have the will to stop mega-donors interfering in UK politics?
In today’s newsletter: The representation of the people bill has become a test of whether Britain can curb the surge in billionaire‑backed donations trying to influence how we run the country
Daniel Ek’s Neko Health Raises $700 Million From Billionaires, Celebs
Neko Health, Daniel Ek’s startup developing body-scanning technology, has raised $700 million from venture capitalists, billionaires and celebrities to open new facilities, including one in New York later this year.
Watch Eternal Founder Goyal Bets on Health Tech, Aerospace
India's quick commerce billionaire Deepinder Goyal is planning to launch his first product after stepping back from the empire he led for 18 years. Goyal says Temple, a wearable device worn on the side of the forehead, will retail for about one-thousand U-S dollars. The founder of Eternal Limited, which counts quick delivery apps Zomato and Blinkit under its umbrella, spoke with Bloomberg's Haslinda Amin in an exclusive interview at his private residence in New Delhi.
Billionaire Kumar Birla’ To Buy Shell’s Indian Renewable Business In $1.8 Billion Deal
The acquisition of Shell's renewable energy business in India will more than double the Aditya Birla Group's renewable energy capacity to almost 10 gigawatts.
The Quintessential Trump-era Politician
In 2020, I wrote an article about collaboration and collaborators. The title was History Will Judge the Complicit, and it started with the story of two famous East Germans, Markus Wolf and Wolfgang Leonhard, who both landed in East Berlin just after the end of the war. Although they came from very similar backgrounds, the former stuck with the regime, eventually becoming its spy boss; the latter, horrified by the brutal reality of Soviet-style communism, escaped. By way of juxtaposition, I also wrote about Lyndsey Graham and Mitt Romney. These two men also made very different decisions when confronted by Donald Trump’s assault on the ideals that they had both grown up believing: A glance at their biographies would not have led many to predict what happened next. On paper, Graham would have seemed, in 2016, like the man with deeper ties to the military, to the rule of law, and to an old-fashioned idea of American patriotism and American responsibility in the world. Romney, by contrast, with his shifts between the center and the right, with his multiple careers in business and politics, would have seemed less deeply attached to those same old-fashioned patriotic ideals. Most of us register soldiers as loyal patriots, and management consultants as self-interested. We assume people from small towns in South Carolina are more likely to resist political pressure than people who have lived in many places. Intuitively, we think that loyalty to a particular place implies loyalty to a set of values. But in this case the clichés were wrong. It was Graham who made excuses for Trump’s abuse of power. It was Graham—a JAG Corps lawyer—who downplayed the evidence that the president had attempted to manipulate foreign courts and blackmail a foreign leader into launching a phony investigation into a political rival. It was Graham who abandoned his own stated support for bipartisanship and instead pushed for a hyperpartisan Senate Judiciary Committee investigation into former Vice President Joe Biden’s son. It was Graham who played golf with Trump, who made excuses for him on television, who supported the president even as he slowly destroyed the American alliances—with Europeans, with the Kurds—that Graham had defended all his life. By contrast, it was Romney who, in February, became the only Republican senator to break ranks with his colleagues, voting to impeach the president. “Corrupting an election to keep oneself in office,” he said, is “perhaps the most abusive and destructive violation of one’s oath of office that I can imagine.” In the wake of Graham’s unexpected death on Saturday, I wrote about him again. He was, in many ways, the quintessential politician of Trump’s Washington, a man who shifted 180 degrees. Graham had been a fervent American patriot, proud reserve officer and military lawyer; he became one of the most important defenders of a president who believes soldiers are “suckers and losers” and shows no respect for law of any kind. As his politics changed, his language grew coarser and his behavior grew worse: He urged Israel to “level the place” in Gaza, and insulted the Danish prime minister in Munich, prompting a colleague, Senator Elissa Slotkin, to issue an apology. Here’s an excerpt from the article, which you can read in The Atlantic (gift link here) Like his close friend John McCain, Graham believed that America should stand at the center of a broad democratic alliance. The few times I met him were in that context, at the Munich Security Conference or at other European-American gatherings, which he once attended with great regularity. He also took seriously the practice of American democracy at home. In a 2014 conversation with The Atlantic, he described himself as a pragmatic politician who eschewed populist slogans. “I know Washington is broken, but what’s broken about it is everybody yelling and nobody trying to fix it,” he said. “I’m trying.” When Donald Trump first appeared in U.S. politics, Graham recognized him immediately for what he was: the spokesman for an alien ideology, one radically different from the idealistic patriotism that Graham had practiced and preached since childhood. Trump privately mocked the military that Graham loved as nothing but “suckers and losers.” He put falsehoods, cynicism, and personal greed at the center of his politics, while expressing disdain for transparency, accountability, and democracy itself. In 2015, Graham described Trump as a “race-baiting, xenophobic, religious bigot” who should “go to hell.” Also as a “nutjob.” When Trump won, Graham understood, as did so many others, that he would have to make some important choices. For a while, he went silent. In the spring of 2016, I saw him at one of those conferences in Europe. He seemed too depressed to speak. But then, like many other Republicans—and, more important, like many other people who have lived under political occupation or experienced radical regime change—he made the decision to abandon his previous ideals, to bury the patriotism that was once so important to him, and to become, instead, a loud, opportunistic collaborator. As I wrote in 2020, it’s very hard to look in to anyone’s heart and to understand their motivations from the outside. But it does seem that Graham had a deep need to be relevant, to be in the game, to be a player, at any cost. And that, rather than any particular achievement, is what he will be remembered for. Continuing to monitor conflicts of interest, ostentatious emoluments, outright corruption and policy changes that will facilitate outright corruption. (Read my original article, Kleptocracy Inc and check out the SNF Agora Institute chart) June 27 Trump diverted funds from more than 900 projects nationwide—including safety upgrades at national parks—to finance beautification projects around Washington, including $700,000 used to fix a White House walkway. June 28 After a years-long Department of Justice investigation into Abbott Laboratories over its management of a baby formula facility where potentially deadly bacteria turned up enough evidence to criminally charge the firm, top department officials instead opted for a financial penalty—illustrating the department’s move away from strict corporate enforcement under the Trump administration. June 29 Defense Secretary Pete Hegseth stacked the Defense Policy Board—which is charged with providing independent national security recommendations to the Office of the Secretary of Defense—with Trump allies, including tech billionaire Marc Andreessen, who has invested in defense contractors like OpenAI and SpaceX, after purging the panel last year. Trump purchased between $1 million and $5 million worth of stock in Axon—which makes about 90% of US tasers—two weeks before ICE solicited bids for a $220 million taser contract. The White House unveiled limited-edition US passports for America’s 250th birthday, featuring a portrait of Trump overlaid on the Declaration of Independence. June 30 Trump made around $1.2 billion from his various crypto companies last year, including more than $500 million from World Liberty Financial and $600 million from sales of his meme coin. Trump is considering issuing 250 pardons to commemorate America’s 250th birthday. These are expected to be largely doled out through the Office of the Pardon Attorney’s informal network of intermediaries. White-collar defense attorneys say they can typically win pardons for clients for $2 million. Last year, Trump administration officials awarded a no-bid contract worth up to $500 million to Clark Construction for the White House ballroom—negotiations in which the president was directly involved. July 1 The Amazon MGM Studios documentary about Melania Trump earned the First Lady more than $10 million. Trump made hundreds of individual stock purchases worth as much as $12.8 million the day before his announcement pausing “Liberation Day” tariffs for 90 days sent the S&P 500 soaring nearly 10%—one of the largest single-day gains ever. Mar-a-Lago and Trump National Doral saw record surges in revenue during Trump’s first year in office, earning $77.5 million and $121.9 million respectively, compared to average annual revenues of $25 million and $75 million during Trump’s first term. Entities across the Persian Gulf paid more than $300 million to Trump’s businesses last year, including $263 million from the sale of half his stake in World Liberty Financial to a firm backed by Sheikh Tahnoon bin Zayed Al Nahyan, a top UAE royal and brother of the country’s president. Kash Patel failed to properly disclose his stock purchase of a Department of Justice contractor, MicroStrategy, worth up to $250,000 last year, despite laws requiring disclosure within 45 days of the trade. July 2 Trump has been directing administration officials to steer more government contracts—so far worth more than $2.4 billion—to Jeff Bezos’s Blue Origin aerospace firm, after Amazon gave $1 million to Trump’s inaugural fund, donated to the White House ballroom project, and reached a $40 million deal to license a Melania Trump documentary. Alongside the billions he made from cryptocurrency last year, Trump earned millions of dollars from real estate licensing fees, including $21 million from organizations in the UAE and $9.2 million in Saudi Arabia, along with smaller sums from merchandise sales, including $4.7 million from Trump Watches and $35,920 from 45 Guitar, a guitar brand endorsed by the president. House Democrats accused consultants tied to the Trump administration of financial fraud, alleging they gave prospective donors to America250—the bipartisan committee created by Congress to celebrate the nation’s semiquincentennial—the banking and routing numbers for Freedom 250, the White House’s fund for events like the UFC cage fight. Democrats also allege that Freedom 250’s CEO traveled to the World Economic Forum in Davos to solicit donations from foreign government officials and business leaders. The Trump administration’s proposed rollback of gun regulations would lift the prohibition on mailing handguns to individuals, a significant win for GrabAGun—the direct-to-consumer firearm retailer on whose board Donald Trump Jr. sits and in which he holds a 1.1% ownership stake. GrabAGun currently must rely on a middleman to transfer firearms to customers. Trump’s financial disclosure revealed that he made more than 21,000 securities trades during his first year back in office, growing his investment account to at least $858 million across stakes in around 1,600 companies, compared to the 13 total trades Joe Biden made during his entire presidency. July 4 Nearly 1 million people who bought the president’s meme coin—Trump Coin—collectively lost $3.8 billion on the token, while he walked away with $636 million. July 6 Shares of Dell closed up 4.4% after Trump recommended people buy the firm’s computers during a speech announcing the launch of Trump investment accounts for children, boosting the more than $1 million worth of shares the president owns in the company. July 9 Federal Reserve Chair Kevin Warsh named crypto investor and Trump ally Marc Andreessen to a task force aimed at modernizing the Federal Reserve, including rethinking its approach to inflation—a key factor keeping interest rates elevated. Palm Beach International Airport has officially changed its name to Trump International Airport—a move that will require Florida to pay royalties to the president’s family for licensing his name. I was there a few months ago, during a trip to Barcelona. The sculptures were a revelation, I’d never seen so many together before. Each one has its own personality. Enjoy the good weather, if you are lucky enough to have it. History Will Judge the Complicit The Quintessential Politician Autocracy Inc Open Letters, from Anne Applebaum is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Subscribe
Akzo Nobel Rejects Nippon’s $8.5 Billion Bid For Decorative Paints Business
Akzo Nobel's board rejected the €7.5 billion ($8.5 billion) takeover bid by Nippon Paint Holdings—controlled by the family of late Singaporean billionaire Goh Cheng Liang—for the company’s decorative paints unit as it continues to back the proposed merger with Axalta Coating Systems.
Opinion: The ‘billionaire tax’ dominates this year’s ballot measure politics
The wealth tax is destined to be not only the single most controversial ballot measure this year but probably have the most expensive dueling campaigns.
Biggest superyachts owned by tech billionaires: Jeff Bezos, Sergey Brin
From Jeff Bezos to Mark Zuckerberg, tech billionaires have become some of the superyacht industry's biggest clients. Here's how their boats measure up.
Billionaires warned New York would scare off business. Anthropic and Airbnb just made their biggest bets on the city yet
Not only are they expanding their footprint, they’re also doubling headcount. Anthropic said it plans to have more than 1,000 employees by end of year.
How do political donations work… and why are there growing calls for a cap?
Mega-donors are coming under scrutiny after a crypto billionaire based in Thailand gave a £5m gift to Nigel Farage
AMC Entertainment (AMC) Among Our Best Penny Stocks According to Billionaires
AMC Entertainment Holdings, Inc. (NYSE:AMC) is one of the Best Penny Stocks to Invest In According to Billionaires. Recently, on June 25, AMC Entertainment Holdings, Inc. (NYSE:AMC) announced the closing of a registered direct stock offering by selling 95,250,000 shares at $2.00 each. The company raised approximately $200 million in gross proceeds. Management noted that […]
Billionaire MacKenzie Scott just donated $20 million to support America’s youth mental health, as a fifth of teens struggle with suicidal thoughts
MacKenzie Scott, worth $35.8 billion, just donated a record-breaking gift to the U.S. nonprofit Active Minds to support a “new era of mental health.”
MLS’ Newest Billionaire Owner Thinks Investors Can Do Better Than Buying A Sports Team
Months after spending hundreds of millions of his own cash to buy Sporting Kansas City, wealth advisor Peter Mallouk says he still prefers stocks as an investment.
Fertitta Entertainment outlines financing, regulatory and anti-trust review process for private takeover of Caesars
With a competing bid from billionaire investor Carl Icahn looming and no plans to sell Wynn Resorts stock, Fertitta Entertainment executives outlined to Nevada
Billionaire John Arnold has already donated nearly half his wealth. Now he’s funding a hunt for the health risks of sports betting.
The foundation John Arnold runs with his wife, Laura, is funding 12 university studies on how online sports betting affects users' finances, mental health, and family life.
Sun Valley Helped Destroy the Media Business. Why Do We Still Care About It?
Allen & Co.’s Sun Valley confab of billionaires and CEOs has spawned historic media mergers, but many of those deals were disasters.
How the billionaire Taser founder knew he had struck business gold
CEO Rick Smith explains how he went from door-knocking to billionaire.
Billionaire John Arnold commits $2.6 million to study online sports betting risk
John Arnold, who runs Arnold Ventures with his wife, Laura, is investing $2.6 million for university research into potential harms of online sports betting.
Labour asks Electoral Commission to investigate claims Farage broke electoral law by not disclosing gifts
Parliamentary authorities are already looking into a £5m donation to the Reform Uk leader from the crypto billionaire Christopher Harborne
Private jets descend on Sun Valley's 'summer camp for billionaires'
The small Idaho resort town of Sun Valley will be once again overtaken by media and tech titans for the annual Allen & Co. conference.
Inside the $85 million private jet that made one of Africa’s richest billionaires the owner of the world’s fastest business jet
Months after entering service, Bombardier’s Global 8000 has arrived in Africa, with one of Nigeria’s most powerful industrialists becoming its first customer on the continent in a move that flexes both aviation ambition and billionaire financial muscle, especially for a buyer who already owns two other Bombardier jets
Sergey Brin and 11 tech leaders fighting California's billionaire tax
Google cofounder Sergey Brin has poured $82 million into an effort to undercut California's proposed billionaire tax. He isn't alone in the fight.
Trump Accounts are now live. Here's how to register.
Billionaire CEO Michael Dell said he and his wife will gift $250 to the first 25 million children who sign up for a Trump Account.
Superyacht designers reveal biggest trends among billionaire owners
Vripack's Marnix Hoekstra and Bart Bouwhuis design luxury superyachts for billionaires. Popular asks include high-end offices and gyms.
Americans disgusted at Trump earning $1bn from crypto as president: ‘Obviously a grift’
Hundreds of Guardian readers expressed concerns over greed in the White House and a billionaire president unconcerned with high gas and grocery prices
'Billionaires’ Vagina Club' sees Silicon Valley's richest wives spend $30K to 'healthmaxxx' their sex lives
The Roberts court knocks down one of the last campaign finance rules
Another win for billionaires. Another loss for democracy.
Exclusive | Warren Buffett Skips Midyear Donation to Gates Foundation Amid Epstein Review
The billionaire is expected to delay a decision on his “lifetime” pledge until he see the results of the Gates Foundation’s review.
Healthcare groups clash over proposed California billionaire tax
California voters in November are set to decide if the state's billionaires should face a new tax on their assets in order to fund healthcare programs.
Healthcare groups clash over proposed California billionaire tax
California voters in November are set to decide if the state's billionaires should face a new tax on their assets in order to fund healthcare programs.
California Politics 360 full episode | What to expect on California's November ballot
KCRA 3 Political Director Ashley Zavala leads conversations on California's November ballot questions, including the proposed billionaire tax.
International Business Machines (IBM) Is A Top Stock In Billionaire Richard Chilton’s Filings
International Business Machines Corporation (NYSE:IBM) is one of the 10 Best Stocks to Buy According to Billionaire Richard Chilton. Technology giant International Business Machines Corporation (NYSE:IBM) made a key announcement recently when it announced its 0.7-nanometer chip manufacturing technology. This technology is the most advanced chip manufacturing technology in the world. International Business Machines Corporation […]
Bernstein Says Life Science Sector is Improving, Resumes Thermo Fisher Scientific (TMO) Coverage
Thermo Fisher Scientific Inc. (NYSE:TMO) is included among Billionaire Steven Cohen’s Top 11 Dividend Stock Picks. On June 26, Bernstein resumed coverage of Thermo Fisher Scientific Inc. (NYSE:TMO) with a Market Perform rating. It also set a $520 price target after the analyst returned from maternity leave. In a research note, the firm said “Many […]
LVMH and Accor's Orient Express sets its sights on new tech billionaire class
Shuttling across the French and Italian Riviera, Orient Express's first giant yacht aims to attract a new class of billionaire.
California is in for a summer of wild billionaire spending
OPINION: With competing tax measures on the ballot, California billionaires will be spending like... billionaires, political columnist Joe Garofoli writes.
What if the economy gets better and it doesn’t help the GOP?: From the Politics Desk
Plus, Gavin Newsom’s next move in the billionaire tax fight.
His Fortune’s From the Trash Business. His Basquiats Are Priceless.
In the last few years, waste-management billionaire Patrick Dovigi has become one of the biggest art collectors on the scene. But he’s still under the radar—maybe the shots fired on his home have something to do with that.
Rep. Stansbury: Billionaire Leon Black walked out in the middle of Epstein interview
Newsom urges a national 'billionaires' tax' while fighting one in California
The governor announced his agenda a day after an influential health care union in California pledged to go forward with a ballot measure that would impose a one-time 5% tax on the assets of billionaires living in the state as of Jan. 1, 2026. Newsom opposes that measure.
Congress subpoenas Leon Black during interview about Jeffrey Epstein
The House Oversight Committee issued subpoenas to billionaire Leon Black after he declined to answer questions about non-disclosure agreements.
AI Is Already Reshaping US Politics at Every Level
From data center backlash to boundless cash from tech billionaires and concerns about deepfaked campaign ads, AI is everywhere in the 2026 US elections.
Newsom urges a national 'billionaires' tax' while fighting one in California
California Gov. Gavin Newsom is calling for a national “billionaires' tax” and suggests the U.S. government should own a stake in AI companies.
Gavin Newsom opposes a California wealth tax. He’s proposing a national billionaire tax instead
California Gov. Gavin Newsom on Friday proposed a national tax on billionaires that he says is the first part of an “economic reset for America” agenda, which aides explicitly say is part of his considering to launch a presidential campaign.
California unions, hospitals strike deal — but billionaire tax heads to ballot
Two healthcare ballot measures are gone. One very contentious wealth tax isn't.
Billionaire tax, affordable housing: See the measures on California's November ballot
California voters will decide on 14 statewide policy proposals come November, from the controversial billionaire tax to an $11 billion affordable housing bond.
California’s Billionaire Tax Kicks Off a Democratic Civil War
The divisive proposal heads to the ballot after attempts to reach a compromise deal failed.
Controversial billionaire tax will appear on November ballot
Proponents of a controversial billionaire tax pledge to making sure it appears on the November ballot to backfill federal healthcare funds.
Irene Pritzker buys Crowns’ Streeterville condo for $5.5 million
A member of the Pritzker family has emerged as the buyer of billionaire philanthropists Lester and Renee Crown’s longtime condominium at the Water Tower Residences in Streeterville.
Bill Gates: Jeffrey Epstein used billionaire connections to get to me
Bill Gates told Congress that Jeffrey Epstein wormed his way into his life with "veiled threats" to disclose extramarital affairs.
I'm a billionaire founder and father of 5. I parent them differently.
Zynga founder Mark Pincus says giving children agency, responsibility, and room for eccentricity matters more than achievement.
How billionaire John Morgan starts every day reviewing numbers in bed
Billionaire entrepreneur John Morgan shares why his hobby is "hunting money," why he never eats lunch alone, and why he'll never retire.
PWHL adds Kilmer Sports Ventures, Ilitch Companies as first outside investors
Just one month after completing its third season, the Professional Women’s Hockey League has added its first outside investment, the league announced on Monday morning. Kilmer Sports Ventures, which is led by Toronto businessman Larry Tanenbaum, and Ilitch Companies, the parent company of the NHL’s Detroit Red Wings and MLB’s Tigers, have joined the league as partners. Since its inception, the league has operated under a single-entity ownership model, meaning Mark Walter — the billionaire owner
Billionaire fires back at Mamdani, says business leaders must 'fight for their city'
Citadel founder Ken Griffin urges New York business leaders to speak up against Mayor Zohran Mamdani's tax proposals, warning the city risks losing talent.
Billionaire fires back at Mamdani, says business leaders must 'fight for their city'
Citadel founder Ken Griffin urges New York business leaders to speak up against Mayor Zohran Mamdani's tax proposals, warning the city risks losing talent.
Billionaire Warren Buffett Disciple Warns: Don’t Quit Your Job To Start A New Business, Do This Instead
Billionaire investor Mohnish Pabrai has built a reputation for borrowing the best ideas from Warren Buffett and Charlie Munger, then applying them with ruthless simplicity. On a recent appearance on Big Deal with Codie Sanchez, he turned that same lens on a piece of conventional wisdom that gets repeated in nearly every startup pitch deck ... Billionaire Warren Buffett Disciple Warns: Don’t Quit Your Job To Start A New Business, Do This Instead
Paulson Wins $47 Million in Arbitration With Ex-Business Partner
John Paulson was awarded more than $47 million by an arbitrator who found that the billionaire’s former Puerto Rico business partner cheated him on one investment and usurped him on another.
California wealth tax sparks debate among billionaires, voters
A wealth tax proposal in California is running into left-leaning resistance, with critics arguing it's not a stable revenue source.
Prediction markets are skeptical of California's billionaire tax
Kalshi and Polymarket bettors are unsure if California Gov. Gavin Newsom can prevent a proposed billionaire tax from reaching voters.
California's billionaire tax qualifies for the November election but faces stiff political pressure
Loss of another Seattle-area billionaire? Valve’s Gabe Newell is reported buyer of Florida estate
The Wall Street Journal reported this week that the video game developer is the buyer of a waterfront estate north of Miami.
It’s official: California voters will weigh a one-time billionaire tax
The measure’s spot on the ballot ensures a brutal and expensive campaign that will coincide with voters’ deciding control of Congress and the governorship.
Georgia Republicans choose Collins for Senate and Jackson for governor, a mixed result for Trump
Georgia Republicans delivered a split decision for Donald Trump in Tuesday runoffs, opting for the president’s preferred U.S. Senate candidate but rejecting his choice for governor in favor of a billionaire first-time candidate who spent freely from his personal fortune to win the nomination.
Billionaire Valve Boss Gabe Newell Buys Florida Super Mansion With Its Own Underground Tunnel for $70.8 Million
Gabe Newell has splashed out $70.8 million on a Florida super mansion that comes with its own tunnel to the sea.
‘Stop the Billionaire Takeover’ Lays Out Finances Behind SF Politics
Ahead of the June 2 election, about 45 people gathered at the Ortega Branch Library on May 13 to hear a presentation on what organizers called a billionaire takeover of local elections.
Trump wins two, loses one: Georgia billionaire delivers rare blow to endorsement machine
Trump-backed candidates won two of three key GOP runoffs in Georgia and Alabama, but lost the gubernatorial race to billionaire Rick Jackson.
Georgia runoffs 2026: Rick Jackson topples Burt Jones, wins GOP nod for governor
The billionaire healthcare executive won despite President Donald Trump and Gov. Brian Kemp endorsing his opponent.
Billionaire Rick Jackson defeats Trump-backed Burt Jones for the GOP nomination in Georgia governor’s race
NBC News projects that Jackson has won the primary runoff and will move on to the general election in the battleground state against Democrat Keisha Lance Bottoms.
California Business Groups Oppose Reckless Billionaires’ Tax
or Immediate Release Contact: John Myers john.myers@calchamber.com | press@calchamber.com (June 16, 2026) Sacramento, CA – The California Chamber of
Marian Ilitch: A Michigan billionaire in business, sports and family
The co-founder of Little Caesar's Pizza with her late husband, Marian Ilitch became one of America's wealthiest women.
She Turned Celebrity Gossip Into a $22 Billion Company — Here's How Kalshi's Co-Founder Did It
At 29, Luana Lopes Lara is the youngest self-made female billionaire in the world. Her road to riches started with celebrity gossip.
In a surprise twist, Brian Kemp endorses Burt Jones for governor
Kemp's endorsement gives Jones a significant boost in the closing days of his bitter runoff against billionaire Rick Jackson
UFC White House and the Billionaire Alliance Monopolizing US Politics, Sports, and Entertainment
https://youtu.be/lEodBu8wALc?si=hkfmpX0f3prZm1SU
New Jersey Citizen Action’s Political Action Committee Endorses Candidates for 2026 General Elections
New Jersey Citizen Action’s Political Action Committee (NJCA-PAC) has endorsed US Senator Cory Booker, and Democratic Congressional candidates Zack Mullock (CD2), Rebecca Bennett (CD7), and Dr. Adam Hamawy (CD12) for the General Elections in November. In a press statement today, New Jersey Citizen Action Executive Director Dena Mottola Jaborska said: “At a time when Washington is prioritizing tax breaks for billionaires while working families struggle to afford healthcare, housing, and everyday necessities, we need lawmakers who will fight for[...]
DAZN, DirecTV Latin America strike sports channel deal ahead of World Cup
Sports streaming platform DAZN, backed by British-American billionaire Len Blavatnik, said it had struck a deal to bring DirecTV Latin America's DSPORTS channels to its platform in five countries, expanding its soccer offering as the 2026 FIFA World Cup kicks off.
A day in the life of John Paul DeJoria of Patron Tequila; haircare
John Paul DeJoria started John Paul Mitchell Systems in 1980 while living in his car. He sold Patrón Tequila in 2018 and is now a billionaire.
Reform deputy says ‘not aware’ of more financial gifts but unable to check all members
Richard Tice grilled at first party press conference since £5m gift to Nigel Farage from crypto billionaire revealed
Bill Gates to face congressional investigators about ties to Jeffrey Epstein
Bill Gates will testify behind closed doors on Capitol Hill Wednesday after the release of the Jeffrey Epstein files earlier this year raised questions about the billionaire’s ties to the late convicted sex offender – marking one of the most high-profile appearances before congressional investigators to date.
Snyder's Soapbox: You don't want a salary cap, you just want to be a billionaire
The only thing a salary cap will do is keep player salaries down and save the poor owners some money
Platner floats jailing billionaires in fiery pre-primary speech pushing far-left agenda
Maine Senate candidate Graham Platner floated the idea of jailing billionaires over campaign finance violations in a fiery pre-primary speech that laid out his far-left agenda.
Telecom Companies to Buy Patrick Drahi’s SFR for $23.5 Billion
The deal marks a major shift for the French-Israeli billionaire’s business portfolio and will be a test of regulators’ openness to further consolidation in the industry.