This story appears in the October/November 2023 issue of Forbes Magazine. Subscribe This $30 billion industry is built on a shaky foundation of cheap money, questionable accounting and aggressive claims for federal tax credits. With money no longer cheap, subsidies a matter of politics and swirling allegations of fraud, a collapse could be coming soon. […]
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Their Foundation Flush With New Cash, Texas Family Pledges $1 Billion To Education
The pyramids of Moody Gardens. getty The three glass pyramids at the heart of 240-acre Moody Gardens on Galveston Island, rise 100 feet, and are home to an aquarium, rainforest and IMAX theater. Also within the complex is a golf course, convention center, and a vast water park with a beach made of sand barged […]
Read MoreSo You’re Getting A Divorce: Do You Need A Forensic Accountant?
They show up in celebrity divorces (think Kevin Costner), big bankruptcies (think FTX) and financial fraud cases. But you don’t have to be famous to benefit from the help of a deep diving accounting pro. By Kelly Phillips Erb, Forbes Staff As a stay-at-home mother of three involved in a nasty divorce, the Virginia woman […]
Read MoreFormula 1’s Highest-Paid Drivers 2023
Virtually unbeatable on the racetrack, Max Verstappen is top of the paycheck podium as well, leading a group of 10 drivers who collectively made $258 million this year. By Brett Knight, Forbes Staff Red Bull Racing’s Max Verstappen just completed the most dominant season in Formula 1 history, claiming a record 19 race victories (in […]
Read MoreHundreds Of Colleges Now Offer Automatic Admission To Students
Programs offering “direct admissions”—without a formal application–are spreading. The trend could accelerate in the the wake of the Supreme Court decision killing affirmative action. By Emma Whitford, Forbes Staff More than half of students report that applying to college is the most stressful academic experience they’ve had, but 18-year-old Elsy-Marbeli Cruz-Parra skipped the angst and […]
Read MoreThe Top-Earning Summer Concert Tours Of 2023
Taylor Swift took the crown from Queen B as her blockbuster Eras Tour earned her $305 million, more than double what Beyoncé took home for her record-breaking Renaissance Tour. By Marisa Dellatto, Forbes Staff “I can’t believe I get to do music as a career,” Taylor Swift said at the Los Angeles premiere of her […]
Read MoreThe NFL’s Highest-Paid Players 2023
After an offseason that featured a slew of record contracts, Baltimore Ravens quarterback Lamar Jackson leads a group of ten players making a record $508 million combined this season. The five-year, $260 million extension that Baltimore Ravens quarterback Lamar Jackson signed in May set an NFL contract record with an average annual value of $52 […]
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