Derek Stevens, owner of Circa, The Golden Gate and The D, took a big gamble on remaking Downtown Las Vegas. He now has a portfolio of properties worth more than $1 billion—including the world’s largest sportsbook and Sin City’s biggest pool. At nearly six o’clock on a Tuesday night in late December, about 500 gamblers […]
Read More
With several titanic box office successes—and a third Avatar film expected to gross more than $2 billion—the Oscar-winning director is now in elite company in Hollywood. One of the biggest surprises in Hollywood on December 8—at least among news not related to the battle for Warner Bros. Discovery—was Avatar: Fire and Ash not being nominated […]
Read More
Fred Moll, the cofounder of $200 billion Intuitive Surgical, has invested in some 15 companies building robots that could help make both complex and common surgeries more accessible to everyone. Dr. Fred Moll left the practice of medicine more than four decades ago. But he’s responsible for some 3 million surgeries a year, done by […]
Read More
Tech giants want to double A.I. electricity consumption in 5 years by enough to power more than 30 million homes. America can do it. Between now and 2030, the giants of A.I. like OpenAI, Google, Microsoft, Amazon and Meta aim to more than double the computing power dedicated to growing and operating their non-human minds. […]
Read More
On the brink of insolvency five years ago, the team is now dominating on the Formula 1 track—and, under the leadership of CEO Zak Brown, building up its sponsorships to rival Ferrari and Mercedes. When McLaren drivers Lando Norris and Oscar Piastri crossed the finish line in third and fourth place at the Singapore Grand […]
Read More
With investors racing to get into F1, the ten teams on the grid are now worth $3.6 billion on average, and the leaders of the pack even outpace some NFL and NBA franchises. When the news broke last week that Toto Wolff, the billionaire team principal of the Mercedes Formula 1 team, was in advanced […]
Read More
NEW YORK, NEW YORK – NOVEMBER 04: New York City Democratic mayoral candidate Zohran Mamdani celebrates as he takes the stage at his election night watch party at the Brooklyn Paramount on November 4, 2025 in the Brooklyn borough of New York City. (Photo by Michael M. Santiago/Getty Images) Getty Images What would be the […]
Read More
The Rivian founder and CEO expects the small SUV R2, priced from $45,000, to be fully competitive with Tesla’s top-selling Model Y when sales begin early next year. Rivian has had a rocky time since it began selling electric vehicles in 2021. It missed initial volume goals, leading to back-to-back years of weak sales. Then […]
Read More
In the 1990s, Muhlenkamp Fund’s clever value investing formula made it a star among no load mutual funds. Then the long tech bull market left it in the dust. A new generation is making a comeback. Twenty years ago Wexford, PA-based Muhlenkamp Fund was a perennial star on Forbes annual mutual fund Honor Roll list. […]
Read More
A group of Florida friends thought it would be fun to open a restaurant in the 1980s that “they couldn’t get kicked out of.” Now in their 70s, they’re buying back franchises with a plan to restore the brand—from the signature wings to the orange shorts—to its cheeky glory. Last winter, Neil Kiefer, CEO of […]
Read More
The Fanjul family has been wooing politicians for decades, but their bet on the Trump administration is their best yet, after the president added tariffs for foreign competitors and pushed Coca-Cola to use its cane sugar to make American soda great again. To celebrate Donald Trump’s second inauguration earlier this year, Coca-Cola CEO James Quincey […]
Read More
Historically Black colleges and universities are on the frontlines of the One Big Beautiful Bill Act’s new limits on parent and graduate student loans. Philanthropists could help fill the gap. Antonio Sweeney relied on a mix of private and school scholarships, plus a federal Pell Grant for low income students, to pay for his first […]
Read More
“Particularly in the early days, people said, ‘This is just a rotating chair,’ and ‘Why has nobody thought of this before?’ But often the simplest ideas are the best.” Leo Cancer Care cofounder and CEO Stephen Towe The old way of doing things required gantries that could weigh up to 600 tons for some types […]
Read More
SpaceX’s Starship sits unstacked from its booster on the launchpad at Starbase in Boca Chica, Texas, in 2023. AFP via Getty Images With two-thirds of the satellites currently in low-Earth orbit, SpaceX has become the king of the heavens, overseeing a growing broadband internet empire on the ground. But when it comes to the nascent […]
Read More
The top 20 owners on The Forbes 400 are worth $607 billion, up 20% from 2024. And with the cutoff rising to $10.1 billion, the club is more exclusive than ever. Over the past three years, Henry Samueli has seen his fortune more than quadruple, from an estimated $6.7 billion in 2022 to $27.7 billion […]
Read More
Jim Irsay’s daughters have inherited an NFL team that has been in their family for 53 years and is now worth $5.9 billion—making them among the richest female owners in sports. On a somber day in June, a month after Indianapolis Colts owner Jim Irsay’s unexpected death, his three daughters sat before a room of […]
Read More
Patrick Mahomes can add a crown to his collection of Super Bowl rings, as the leader of ten football stars hauling in an estimated $571 million combined this year. After an off-season of acrimony with the Dallas Cowboys that ended last month with a blockbuster trade to the Green Bay Packers, defensive end Micah Parsons […]
Read More
Between the Trump Administration declaring private accounts a red flag for foreign students and prospective employers using AI to find fake applicants, the old rules are becoming obsolete. For college students looking for jobs or internships, the standard advice about social media has been this: Build up your professional profile on LinkedIn, but scrub other […]
Read More
Wealthy investors and institutions have committed $10 billion to timberland managed by Angela Davis. Ordinary folk have to settle for shares of timber REITs. Invest capital and save the planet at the same time. Own a forest. That’s the selling proposition from Angela Davis, who, as president of Campbell Global in Portland, Oregon, oversees $10 […]
Read More
Private equity cash is fueling consolidation throughout the talent representation business, but CAA remains atop the industry’s leaderboard, managing more than $20 billion in contracts. Each of the 10 times that Forbes has ranked the most valuable sports agencies—starting in 2013 and most recently in 2022—CAA has come out on top. But if the outcome […]
Read More
A string of big deals gives Scott Boras up to $244 million in commissions, but the entire top 20 is swinging for the fences, with a combined $32 billion in contracts under management. The 15-year, $765 million contract Juan Soto signed with the New York Mets in December gave the 26-year-old slugging outfielder the all-time […]
Read More
Longtime drug developer Suma Krishnan was 51 when she cofounded Krystal Biotech. Now the company has one gene therapy on the market and more in the works. By Amy Feldman, Forbes Staff Longtime drug developer Suma Krishnan was in her late-40s when she had the idea for a topical gene therapy to treat a rare […]
Read MoreDuke’s freshman phenom went No. 1 and can earn nearly $14 million next season—not including endorsements. It could be the beginning of a billion-dollar career for the 18-year-old. If there was any doubt that Cooper Flagg would be the first player selected in the 2025 NBA Draft on Wednesday night, it was dispelled within minutes […]
Read More