Monica Hunter-Hart

@mhunterhart.bsky.social

NYC-based reporter at @forbes.com who covers the world's richest people with focuses on real estate, the arts, business disputes, and money in politics. Recently @columbiajournalism.bsky.social @columbiasipa.bsky.social @asia.nikkei.com

Sam Altman and the White House celebrated this week after aviation defense startup Hermeus successfully flew a plane at supersonic speed. Altman led the company's $100 million Series B round back in 2022. Now Hermeus is racing towards hypersonic flight: www.forbes.com/sites/monica...

This Sam Altman- And Peter Thiel-Backed Aviation Company Achieves Supersonic Flight

Hermeus aims to make planes for the U.S. military that travel over five times the speed of sound—and maybe even introduce the world to hypersonic commercial air travel.

forbes.com

The DOJ’s new Epstein files release shows that billionaire Gordon Getty both had a relationship with Jeffrey Epstein and allegedly brushed off his crimes: “well, we ALL have similar kinds of problems.” Read more in my latest for @forbes.com: www.forbes.com/sites/monica...

Epstein Files Reveal Ties To Billionaire Oil Heir Gordon Getty

The latest Epstein files from the DOJ show that Gordon Getty’s relationship with Jeffrey Epstein was much closer than previously known.

forbes.com

Trump's new FTC pick has advocated for "country of origin" disclosure rules for over a year, so we have a good idea of what he'd push for if confirmed. David MacNeil would be the 12th known billionaire/billionaire's spouse in Trump's admin. My profile for @forbes.com: www.forbes.com/sites/monica...

Trump’s New FTC Pick Is A Billionaire Who Got Rich Manufacturing Car Mats In America

The founder and CEO of WeatherTech is worth more than $4 billion, thanks to his made-in-America car mats. Now he has his sights set on trade regulation.

forbes.com

Great BI story on this quietly exploding industry. "As the megarich have multiplied, so too have their mansions, planes, and yachts that need to be staffed." For many, that's a "lucrative alternative to climbing an increasingly wobbly corporate ladder." www.businessinsider.com/gen-z-billio...

Gen Z's hottest new job: Nannying for billionaires

Gen Z is fleeing the white-collar apocalypse and joining billionaires' private staff, taking jobs as nannies, personal assistants, and private chefs.

businessinsider.com

1/3 Reddit’s popularity has exploded in recent years. Daily users have approximately doubled since the summer of 2023. It’s become one of the top sources cited by AI chatbots. And organic search to the platform has skyrocketed (you may have noticed more Reddit results when you Google these days).

It's a great week for telecom billionaire Charles Ergen. His company EchoStar announced it would sell spectrum to AT&T. Its stock soared and his wealth more than doubled. But the consequences for consumers are more complicated. (1/3)

Daniella Pierson appears to embody success. She’s started four companies, one with Selena Gomez. She shows off a luxurious lifestyle and celebrity friend network on social media. Forbes even called Pierson one of the richest women of color in the U.S. in 2022, pegging her net worth at $220m. (1/4)

1/ Billionaire Steve Sarowitz’s Wayfarer Foundation had been financing 200+ nonprofits with around $100 million until its sudden shutdown in early May. The closure occurred amid his high-profile legal battle with actress Blake Lively, who’s sued him and his partner Justin Baldoni.

1/ Billionaires are more concerned than ever about their safety. Resentment toward the rich and powerful was already increasing amid wealth inequality, overseas wars, and hyper-polarized politics. Then came the UnitedHealthcare CEO shooting and a string of other incidents.

1/ Many experts believe homebuilders are about to experience their worst year since the Great Recession. The axe is already coming down hard in Florida. “Florida’s always been the precursor for what’s going to happen with real estate in this country,” says analyst Jack McCabe.

“The logistics business is like marriage,” says entrepreneur Eric Hémar. Why? That turns out to be a billion-dollar question — which helped Hémar grow his business into France’s leading logistics company: www.forbes.com/sites/monica...

Why Tariffs Could Help This French Logistics Billionaire's Business

Eric Hémar built a $1.3 billion fortune through an early bet on contract logistics. Now his company could gain more business from tariffs and economic turmoil.

forbes.com

The L.A. wildfires decimated Malibu’s elite Carbon Beach last month. But one house, aptly nicknamed “The Fortress,” went up against the flames and survived. Here’s why—and what it indicates about how Los Angeles should rebuild: www.forbes.com/sites/monica...

Inside This Billionaire’s “Fortress” Home That Withstood The L.A. Wildfires

Billionaires like Larry Ellison and the Pacers’ Herb Simon lost homes on Malibu’s swank Carbon Beach. Not this U.K. billionaire. Here’s why.

forbes.com