Hindustan Times via Getty Images Physical place is often a powerful influence on entrepreneurs. One thinks of Steve Jobs growing up in the suburbs south of San Francisco. The unique mashup of cultural rebels and computer geeks inspired Jobs to locate Apple at the intersection of science and art. Itâs still the Apple address. The… More
Airbnb cofounders: Chief product officer Joe Gebbia (left), chief strategy officer Nathan … [+] Blecharczyk (center) and CEO Brian Chesky (right). Charley Gallay/Getty Images for Airbnb Airbnbâs much-anticipated initial public offering was well worth the wait for the companyâs three billionaire cofounders. Shares soared on their first day of trading Thursday, more than doubling the… More
Topline Steve Bannonâs lawyers on Friday told a federal judge they plan to withdraw from representing Bannon in his criminal case, Law & Crime reported Friday, hours after the political strategist was widely condemned for saying heâd like to see Dr. Anthony Fauci and FBI Director Christopher Wray beheaded as a âwarning to federal bureaucrats.â… More
Topline Billionaire hedge fund manager Leon Cooperman, the longtime chairman and CEO of now-defunct investment advisory Omega Advisors, isnât bullish on the economy’s long-term outlook, but the short-term should be favorable for stocksâeven if election results are challenged, he said on CNBC Friday. Leon G. Cooperman speaks during a conference in New York City back… More
As Zoom Video Communicationsâ stock has skyrocketed, so too has the fortune of its billionaire … [+] founder. Victor J. Blue/Bloomberg High-flying video conferencing service Zoom, which has seen skyrocketing demand during the coronavirus pandemic, is now worth more than ExxonMobil, one of the worldâs largest oil and gas companies. As of 2:30 p.m. ET,… More
Intelâs stock tumbled nearly 11% on Friday, lowering Mooreâs net worth to under $10 billion. Justin Sullivan/Getty Images Gordon Moore, the worldâs 48th-richest person, shed $1 billion from his fortune on Friday as Intel INTC stock plummeted on the back of disappointing third-quarter earnings. Shares of Intel, which Moore cofounded in 1968, fell nearly 11%… More
Under Sheth’s watch, Vista Equity Partners has conducted more software acquisitions than any other … [+] company or investor in recent years. Patrick T. Fallon/Bloomberg Following billionaire Robert Smithâs admission to tax fraud last week, one of his private equity firmâs top dealmakersâcofounder and president Brian Shethâlooks set to depart. While Shethâwho launched Vista Equity… More
Topline President Trump made over $11 million endorsing two multi-level marketing companies in the 2000s for which he and his children would later be sued for fraud, according to the New York Times, which revealed for the first time how much money the future president received for hawking the MLMs, and that those two endorsements… More
TOPLINE Actress and director Oliva Wilde has signed a deal with Sony Pictures to develop and direct an untitled female-centric Marvel film, a source with knowledge of the situation told Forbes. Olivia Wilde attends the 2020 Vanity Fair Oscar Party on February 9 in Beverly Hills, California. Patrick McMullan via Getty Images KEY FACTS There… More
Getty This story is part of Forbes’ coverage of Singapore’s Richest 2020. See our full coverage here. Pandemic-induced economic pains have pushed Singapore into recession. For the quarter ended in June, the trade-dependent country reported a year-on-year 13.2% drop in GDP, despite $68 billion in stimulus packages by the government to shore up the economy. The benchmark… More
TOPLINE Apple hit a new milestone on Wednesday, becoming the first publicly traded U.S. company to reach a market capitalization of over $2 trillion and doubling in valuation over the last two years. Apple CEO Tim Cook. Taylor Hill/WireImage KEY FACTS The iPhone makerâs stock is up almost 55% so far in 2020, and shares… More
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