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1 week ago | 
forbes.com.au | Chase Peterson-Withorn |Alan Ohnsman |Christopher Helman
After a volatile April for U.S. stocks, a guide to which of the world's top ten richest came out ahead-and whose fortunes fell. Key Facts Elon Musk is the richest person in the world, a title he's held since May 2024. Jeff Bezos the founder and chairman of Amazon, has been No. 2 richest for the second month in a row. Bill Gates dropped out of the top 10 richest in October 2024 after Forbes obtained new information about a significant contraction in his fortune.
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2 weeks ago | 
forbes.com.au | Chase Peterson-Withorn |Alan Ohnsman |Christopher Helman |Antonio Pequeño IV
Hundreds of billionaires are poorer since Trump took office. Here are the few who have lost-or gained-the most. "This is what victory feels like," Elon Musk declared the day Donald Trump was sworn in.
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2 weeks ago | 
forbes.com.au | Antonio Pequeño IV |Alan Ohnsman |Christopher Helman
Key Takeaways Meta announced the launch of the app, which features an AI chatbot and a "discover" feed that allows users to see how others are using the assistant. The app uses Meta's Llama 4 model, which was released early this month and has been touted by Meta as being more cost-efficient than competitor models like Gemini, GPT and DeepSeek. Meta's AI assistant could already be used on WhatsApp, Instagram, Facebook and Messenger.
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2 weeks ago | 
forbes.com | Christopher Helman |Chris Helman
Occidental Petroleum’s conventional oilfields in the Permian basin of west Texas have been producing for decades. And although output has slowed, there remains 2 billion barrels of oil still trapped thousands of feet below the surface. Engineers have figured out several methods over the years to scour out stubborn oil from nooks and crannies in the reservoir rock (think of a sponge but with much tighter pore spaces).
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2 weeks ago | 
forbes.com.au | Sara Dorn |Alan Ohnsman |Christopher Helman |Antonio Pequeño IV
President Donald Trump bragged that he runs "the world" and is "having a lot of fun" in his second term in a new interview with The Atlantic, conducted in part after the magazine, which Trump once derided as "failing," called his cellphone and the president answered.
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2 weeks ago | 
forbes.com.au | Jonathan Burgos |Alan Ohnsman |Christopher Helman |Antonio Pequeño IV
Published on April 28, 2025 This story was featured in Issue 16 of Forbes Australia. Tap here to secure your copy. The roots of Kuok Group, the conglomerate founded by legendary business tycoon Robert Kuok, go back to 1949 in Malaysia’s Johor state, where he and his brothers started a business trading everyday items such as sugar, rice and flour.
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2 weeks ago | 
forbes.com.au | Samuel Hussey |Christopher Helman |Antonio Pequeño IV |Jonathan Burgos
Published on April 25, 2025 So how did a diggers’ pastime become a national institution? Two-up began in the bush and back alleys of colonial Australia, evolving from a simple coin toss brought over by Irish and English settlers. It spread through goldfields and convict camps, often played under the watch of a lookout for the cops.
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3 weeks ago | 
forbes.com | Christopher Helman |Chris Helman
Outside of China, the most influential investor in the world of rare earth elements has to be Gina Rinehart, Australia’s richest woman. Rare earths may be just a small part of her $30 billion mining fortune, but Rinehart, through family holding company Hancock Prospecting, has acquired big stakes in leading non-Chinese rare earths companies.
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4 weeks ago | 
forbes.es | Hank Tucker |Monica Hunter-Hart |Giacomo Tognini |Christopher Helman
En 2001, Michael Dorrell se ofreció como voluntario para mudarse de la sede en Sídney del banco de inversión australiano Macquarie a un lugar remoto en su especialidad de inversión en infraestructura: Estados Unidos. «Durante muchos años, Macquarie no se tomó muy en serio a Estados Unidos. Por eso, un joven de 25 años podía ser enviado aquí y ser una de las seis personas que analizaban todo este mercado», explica Dorrell, ahora de 51 años. «Teníamos el mercado para nosotros solos».
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1 month ago | 
forbes.com | Christopher Helman |Chris Helman
The 28-year-old data analyst had spent dozens of hours trying to better understand Sunnova Energy's financial statements. He had downloaded one of Sunnova's recent quarterly Supplemental Workbook data updates via Excel file from their investor relations website. He was frustrated that the read-only sheet clearly had dozens of rows and columns that were hidden from view and locked. But he was inspired. “Copy and paste was not disabled.
