1/ Hedge fund titan Ken Griffin and New York Mayor Zohran Mamdani have publicly sparred over the city’s new pied-à-terre tax—but I dug into the numbers for @forbes.com. See just how little the richest of the rich will likely pay: www.forbes.com/sites/giacom...

Mamdani's Pied-À-Terre Tax Will Barely Dent Billionaires’ Fortunes

Billionaire Ken Griffin and NYC Mayor Zohran Mamdani have sparred over the city’s new tax, but digging into the numbers shows just how little the richest will likely pay.

forbes.com

1/ After Putin’s invasion of Ukraine, Western governments froze or detained at least 20 Russian-linked superyachts valued at roughly $4.3 billion. So what's happened since then? I dug in for @forbes.com and found that taxpayers are still footing the bill. www.forbes.com/sites/giacom...

Seizing Oligarch Yachts Sounded Great. Then Taxpayers Got the Bill.

Putin invaded Ukraine, then Western nations confiscated 20 yachts to punish him and his cronies. Great PR move but it cost taxpayers millions.

forbes.com

AI valuations have always been mind boggling. But "tranched" funding rounds mystify them even further, allowing VCs to invest at wildly different prices and founders to raise unprecedented amounts of money without any product or revenue. With @iainmartin.bsky.social www.forbes.com/sites/rashis...

AI Startups With No Revenue Are Using This Tactic To Supersize Their Valuations

Funding rounds where VCs can invest at wildly different prices are helping AI founders raise unprecedented amounts of money at sky-high valuations, before they even have a product.

forbes.com

1/ Ratmir Timashev left Russia for Ohio State after the collapse of the USSR and built a fortune in the software business. Now, he’s putting his money into an ambitious effort to attract AI startups to Columbus and turn Ohio into the AI heartland. @forbes.com www.forbes.com/sites/giacom...

Inside A Russian-Born Billionaire's Plan To Turn Ohio Into An AI Hub

Ratmir Timashev aims to invest $100 million to bring 100 AI firms to the heartland in five years. So far he's signed up 8 startups but already faces a nasty legal battle.

forbes.com

1/ For the 250th anniversary of U.S. indepencence, @luisakroll.bsky.social and I dug into the long history of immigration to the U.S. and the vast economic benefits it has brought. www.forbes.com/sites/giacom...

189 Billionaires, 1 Million Jobs And The Truth About The American Dream

Billionaire immigrants and VCs discuss visa policies, green card backlogs and why the U.S. is still the best place: “One person will not screw up the American Dream."

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Today, our members distributed fliers outside the Forbes Iconoclast summit to let management know we deserve a fair contract. Four years into bargaining, Forbes is still proposing wages that do not keep up with inflation. Solidarity, Forbes Union

She bet early on Anthropic when most other VCs wouldn’t touch it—and now she's on the Midas List of best investors for the first time.

Investing Superstar Yasmin Razavi Turned A $75 Million Check Into A $3 Billion AI Windfall

The Spark Capital partner bet early on Anthropic when most other VCs wouldn’t touch it. Now the hottest AI company on the planet has landed her on the Midas List of best investors for the first time.

forbes.com

When Trump reached a settlement with the IRS, his administration tried to make it seem like the president wasn't going to get any money out of the agreement. But a close look at his finances reveals that it could save him more than $600 million. www.forbes.com/sites/danale...

Why Trump’s Tax Immunity Could Save Him More Than $600 Million

The president secures a get-out-of-jail-free card for tax improprieties, just as he’s hauling in record amounts of cash.

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On Sunday, our members placed flyers around Forbes Vice Chairman Mike Perlis’s hometown. Perlis has been absent from bargaining for years, despite our calls for fair wages and workplace protections. Management has no excuses. Forbes employees deserve a fair contract, and we will win one.

Unlike today’s biggest AI labs, SAS—once America’s largest private software co—has always operated slowly, steadily & profitably. Competition from all sides + an upcoming leadership transition will test the company’s longstanding strategy. My latest for @forbes.com: www.forbes.com/sites/phoebe...

Billionaire Jim Goodnight Built An Analytics Profit Machine. AI Is Forcing Its Reinvention

Unlike most of today’s biggest AI companies, SAS—once America’s largest privately held software company—has always operated slowly, steadily and profitably. Competition from all sides and an upcoming ...

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After Cerebras’ long-awaited IPO, CEO Andrew Feldman is now a billionaire worth an estimated $3.4 billion. Check out my story, which involves a secret dance floor and Halloween candy from a Nobel Prize winner. www.forbes.com/sites/richar...

AI Chipmaker Cerebras’ CEO Is Now Worth $3.4 Billion After Long-Awaited IPO

The next-gen chipmaker first filed for its IPO in September 2024. Now, after snags that held up its debut, it’s a public company.

forbes.com

As the Strait of Hormuz crisis drags on, interest & investment is surging in the drone boat industry. My latest for @forbes.com profiles a buzzy contender, Havoc, run by a man who came to the U.S. as a 10-year-old refugee from Burma and just raised $100 million: www.forbes.com/sites/monica...

These Navy Vets Are Betting Their Drone Software Maker Havoc Can Win Over The U.S. Military

Interest in drone boats is surging as the crisis in the Strait of Hormuz drags on. Havoc, which just closed a $100 million funding round, claims it has the perfect tech to help but faces stiff headwin...

forbes.com

The #10 consumer AI app isn't a coding tool; it’s an erotic chatbot for women. Riding off the romantasy wave, the 3 guys who run Janitor AI serve 100M monthly visitors (80% women) -- for 130k a month. Inside the R-rated Roblox: www.forbes.com/sites/annato...

Three Dudes Run The Biggest AI Romantic Fantasy Site For Women

Three Dudes Run The Biggest AI Romantic Fantasy Site For Women

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My latest for Forbes charts the rise of MAGA megadonor Robert Low, owner of Kentucky Derby favorite Renegade, who built a $5 billion trucking fortune after stabbing his friend with a hunting knife and getting off on a temporary insanity plea (too many cough drops). 👇 www.forbes.com/sites/johnhy...

Meet The Wily Billionaire Trucking Boss Behind Kentucky Derby Favorite Renegade

The inside story of how Missouri farm boy Robert Low dropped out of college, survived a criminal assault trial thanks to temporary insanity, and went on to build one of the nation’s biggest trucking e...

forbes.com

NEW: Battle of the Musk meme stocks A splashy IPO from Elon Musk’s SpaceX could siphon attention, capital and narrative momentum from a Tesla story already straining to justify its valuation #spacex www.forbes.com/sites/alanoh...

SpaceX’s IPO Could Leave Tesla Eating Rocket Dust

Tesla shares could be overshadowed by the aerospace company’s record-breaking $1.75 trillion public offering and what some investors see as more “sizzle.”

forbes.com

Trump's Fed chair nominee Kevin Warsh fielded questions from senators in a confirmation hearing yesterday--but didn't reveal much on his fortune. @simonemelvin.bsky.social and I dug into his financial disclosure (and his billionaire wife, Jane Lauder) for @forbes.com: www.forbes.com/sites/giacom...

Inside The Convoluted Finances Of Kevin Warsh

The husband of a billionaire and a partner in billionaire Stanley Druckenmiller’s family office is very rich but he keeps the details of his assets vague.

forbes.com

The AI data center boom put American-funded, America-based data centers on Middle East soil. Here’s how the war—and Iran’s drone attacks on Amazon data centers—is impacting how these capital-intensive projects are thinking about security. My latest for @forbes.com: www.forbes.com/sites/phoebe...

Middle East War Turns AI Data Center Security Into Its Own Boom

Here’s how the Iran war—and Iran’s drone attacks on Amazon data centers—is impacting how capital-intensive AI data center projects are thinking about security.

forbes.com

1/ Zara founder Amancio Ortega's owns the world's largest real estate fortune, a $25 billion empire from California to Korea with everything from offices to wind farms. It also comes with significant tax benefits. Gigi Zamora and I dug into it for @forbes.com: forbes.com/sites/giacom...

Inside The $25 Billion Property Empire of Zara Founder Amancio Ortega

Amancio Ortega quietly built up the largest real estate fortune on the planet, stretching from California to South Korea. It comes with significant tax benefits.

forbes.com

While he was flying around the world as Trump's peace envoy, Steve Witkoff got $300 million richer over the past year--largely thanks to his crypto venture with the Trump family (World Liberty) and his tiny, but valuable, stake in SpaceX. Read at @forbes.com: www.forbes.com/sites/giacom...

Peace Envoy Steve Witkoff’s Fortune Gets Bump From Trump And Musk

The real estate mogul-turned-diplomat is 15% richer than he was a year ago thanks to his crypto venture with the Trump family and his stake in Musk’s SpaceX.

forbes.com

A workplace lawsuit has opened the lid on the little-known ownership structure of Insight Partners, an investor in OpenAI and Anthropic: It is now partially owned by the government of Abu Dhabi. Read for more details. With @iainmartin.bsky.social for @forbes.com: www.forbes.com/sites/iainma...

How Abu Dhabi Quietly Bought A Stake In $90 Billion VC Insight Partners

A workplace lawsuit has opened the lid on the little-known ownership structure of Insight Partners, an investor in OpenAI and Anthropic: It is now partially owned by the government of Abu Dhabi.

forbes.com

A workplace lawsuit has opened the lid on the little-known ownership structure of Insight Partners, an investor in OpenAI and Anthropic: It is now partially owned by the government of Abu Dhabi www.forbes.com/sites/iainma...

How Abu Dhabi Quietly Bought A Stake In $90 Billion VC Insight Partners

A workplace lawsuit has opened the lid on the little-known ownership structure of Insight Partners, an investor in OpenAI and Anthropic: It is now partially owned by the government of Abu Dhabi.

forbes.com

The AI giant's abrupt Sora shutdown is just one example. As it announces one of the biggest funding rounds in history, #OpenAI has trumpeted hundreds of billions in other deals + products that haven’t yet become reality. With @rashis.bsky.social for @forbes.com: www.forbes.com/sites/phoebe...

The Graveyard Of OpenAI’s Dead Products And Incomplete Deals

As it announces one of the biggest funding rounds in history, OpenAI has trumpeted hundreds of billions in other deals and products—including Sora—that haven’t yet become reality.

forbes.com

The OpenAI Graveyard: All The Deals And Products That Haven’t Happened. With @pheebini.bsky.social. www.forbes.com/sites/phoebe...

The Graveyard Of OpenAI’s Dead Products And Incomplete Deals

As it announces one of the biggest funding rounds in history, OpenAI has trumpeted hundreds of billions in other deals and products—including Sora—that haven’t yet become reality.

forbes.com

Three months after a blockbuster $20 billion deal, Nvidia announced its plans for Groq’s inference-speed tech. Here's how it came together and what's next. My latest for @forbes.com, with @iainmartin.bsky.social, @richardnieva.bsky.social and Anna Tong: www.forbes.com/sites/phoebe...

“We Almost Didn’t Do It”: Jonathan Ross On The $20 Billion Deal With Nvidia

The Christmas Eve agreement—billed as Nvidia’s biggest deal in its three-decade history—landed at a precarious moment for Groq. Now Nvidia is betting on Groq’s inference-speed tech inside a newly anno...

forbes.com

1/ When a little-known Korean company started buying up dozens of tankers, rumors emerged that the purchases were backed by shipping tycoon Gianluigi Aponte. A @forbes.com investigation confirmed that Aponte is indeed the true buyer of many of those ships. www.forbes.com/sites/giacom...

The World’s Richest Shipper Is An Unlikely Winner From Iran War

Forbes found that shipping tycoon Gianluigi Aponte is the true buyer of several tankers bought by South Korean firm Sinokor. With rates soaring, that seems a smart bet.

forbes.com

The $10 billion company building the first phase of Stargate says the new initiative is an “and,” not an “or,” to its bet on the world’s biggest data centers. My latest (from yesterday) with Anna Tong for @forbes.com: www.forbes.com/sites/annato...

From Gigawatts To Grab-And-Go: Crusoe Leans Into Modular AI Data Centers

Crusoe, Developer Of Massive Stargate Data Center, Is Now Pouring Money Into Small Ones Too

forbes.com

Our colleagues were back last weekend in the hometown of @forbes.com CEO Sherry Phillips to spread the news that she is a union buster who continues to deny our members a fair contract. 👎 @nyguild.bsky.social

Today, we published the annual @forbes.com World's Billionaires list. There have never been so many billionaires as there are today, and they have never been as powerful as they are now. www.forbes.com/billionaires/

Forbes 2026 Billionaires List - The Richest People In The World Ranked

Forbes presents the 2026 World's Billionaires list. View the richest people in the world and learn their net worth, age, country of residence, source of wealth and more.

forbes.com

1/ The U.S. ouster of Maduro in Venezuela and the attacks on Iran have been a boon for oil tanker billionaires. Tanker rates are up to record highs, tanker stocks are up by 60%+ so far this year and tanker resale prices are up to decade highs as well. www.forbes.com/sites/giacom...

Greek Mogul On Why Iran Attacks, Elimination Of Gray Fleet Is Boosting Tanker Fortunes

The U.S.’ latest attacks may raise gas prices at the pumps, but Trump’s military operations have already helped boost shipping billionaire fortunes by $45 billion and counting.

forbes.com

The Oracle cofounder’s official residence is now in Manalapan, Florida, not the Hawaii island that he famously bought in 2012, according to previously unreported county records. More details in my latest for @forbes.com: www.forbes.com/sites/phoebe...

From Lanai To Near Mar-A-Lago: Larry Ellison’s Trump Proximity Play

Oracle cofounder Larry Ellison's official residence is now in Manalapan, Florida, not the Hawaii island that he famously bought in 2012.

forbes.com