The Saudi-backed LIV Golf tour has supercharged the earnings of the sport’s top players—including two who earned more than $100 million over the past year. What will the shotgun marriage with the PGA Tour mean for 2024? More players going for the green. By Justin Birnbaum, Forbes Staff Dustin Johnson and Phil Mickelson received nine-figure […]
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Golden, juicy, aromatic. Getty Images To ensure a steady supply of the customer favorites, the retailer built a slaughterhouse from scratch in a state better known for its beef, a feat that poultry leader Tyson couldn’t pull off. Forbes got a rare look. By Chloe Sorvino, Forbes Staff FREMONT, NEBRASKA — A dozen probes sink […]
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Kent Phillips/Walt Disney World Resort/Getty Images The Magic Kingdom has had a roller-coaster year in the middle of a political firestorm but posted strong enough results to remain in the top 100 of the Global 2000. T he return of a former CEO. A legal battle with the Florida government. The layoff of thousands […]
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Justin Sullivan/Getty Images Walmart has benefited from high inflation and economic uncertainty, and is once again the largest retailer on Forbes’ Global 2000 list. A fter a pandemic-era expansion left Amazon with too many warehouses and too many workers as sales slowed, it has gone into belt-tightening mode. The retailer, which posted losses of […]
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One bright spot among Chinese companies are the makers of batteries for electric vehicles, as pictured here. STR/AFP/Getty Images China, including Hong Kong, occupies 346 spots in the 2023 Forbes Global 2000 ranking of the world’s top publicly traded companies unveiled Thursday. That is five fewer than last year’s record 351 members from the country. […]
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Saudi Crown Prince Mohammed bin Salman welcomes President Joe Biden to the Kingdom, July 2022. Anadolu Agency/Getty Images As Russia’s Ukraine invasion sent oil prices rocketing, Aramco became the most profitable company in the world, boosting it to No. 2 on Forbes’ Global 2000 list. L ast year was a great time to be in […]
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Noah Berger/AFP/Getty Images Though overall profits have started to decline, revenue growth—and the promise of artificial intelligence—are boosting tech companies’ market value. Despite lingering economic headwinds, higher interest rates threatening profits and widespread layoffs across the industry, technology companies have been largely resilient over the past year—continuing to post record sales and recouping vast […]
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Hollie Adams/Bloomberg Inside the 20th edition of the Forbes Global 2000, the 2023 world’s largest food companies show that rising inflation has kept the food and beverage industry growing around the world. The top 25 companies in the sector generated $1.8 trillion in revenue in the past year, while profits for the sector increased […]
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Padma Lakshmi is stepping down from her hosting role on Bravo’s “Top Chef.” CQ-Roll Call, Inc via Getty Images When Season 20 of Top Chef comes to an end on June 8, it will also mark the end for an important ingredient in the competitive culinary series’ success. Padma Lakshmi, who joined Bravo’s reality TV […]
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Peter Thiel (left) and Richard Li. Getty Images/Bloomberg MoneyHero Group, a personal finance comparison company based in the Asian financial hubs of Hong Kong and Singapore, is planning to go public in the U.S. by merging with a blank-check company backed by Hong Kong billionaire Richard Li and PayPal cofounder Peter Thiel. The deal with […]
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Pride month merchandise is displayed at a Target store Wednesday, May 24, 2023, in Nashville, Tenn. … [+] Target is removing certain items from its stores and making other changes to its LGBTQ+ merchandise nationwide ahead of Pride month, after an intense backlash from some customers including violent confrontations with its workers. (AP Photo/George Walker […]
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“Dancing With the Stars” head judge Len Goodman said goodbye to the ballroom at the end of Season … [+] 31. ABC/Raymond Liu Len Goodman, the original head judge on Dancing With the Stars in the U.S. and Strictly Come Dancing in the U.K., has died at the age of 78. However, despite the enormity […]
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Hon Weng Chong, founder and CEO of Cortical Labs. Cortical Labs Cortical Labs, an Australian startup developing a new type of artificial intelligence that combines lab-grown human brain cells with computer chips, has raised $10 million in a funding round led by Horizons Ventures, the private investment arm of Hong Kong’s richest person, Li Ka-shing. […]
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Pioneer CEO Scott Sheffieldl © 2017 Bloomberg Finance LP Rumors of a potential buyout of big Permian Basin producer Pioneer Natural Resources PXD by ExxonMobil XOM have circulated periodically for years now, long before Pioneer made the decision to become a so-called “pure play” company focused solely on the most prolific oil and gas region […]
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Chow Shing Yuk, cofounder and chairman of Lalatech. Courtesy of Lalatech Chow Shing Yuk, a former professional poker player who studied economics at Stanford University, has joined the billionaire ranks, but not because he drew a lucky hand. Over the past decade, Chow, 44, has steadily built Lalamove into a logistics and delivery giant from […]
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Shan Weijian, chairman of PAG, poses for a photograph in Hong Kong in 2017. Anthony Kwan/Bloomberg Hong Kong-based China dealmaker Weijian Shan, cofounder and chairman of PAG, one of Asia’s largest private equity firms, has joined the billionaire ranks. Shan, 69, is one of the few private equity mavens in Hong Kong, where real estate […]
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This week’s Current Climate, which every Saturday brings you the latest news about the business of sustainability. Sign up to get it in your inbox every week. getty Earlier this month, analyst firm Pitchbook published its analysis of venture investments into clean energy in 2022. The firm found that 2022 was a record year for […]
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Yat Siu, cofounder and chairman of Animoca Brands. Tory Ho/Bloomberg Yat Siu, chairman of Asia’s largest blockchain investor Animoca Brands, thinks volatile cryptocurrencies are a relatively safe investment as the traditional financial world is rocked by the Credit Suisse turmoil and the failure of a string of U.S. banks. “If you take a look what […]
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This week’s Current Climate, which every Saturday brings you the latest news about the business of sustainability. Sign up to get it in your inbox every week. Sound Agriculture Since 2020, California-based Sound Agriculture has been selling its crop additive called Source, which mimics a signal that naturally occurs in plants to attract microbes. Those […]
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L.A. Clippers owner Steve Ballmer at the Intuit Dome construction site last week Gary Coronado/Los Angeles Times/Getty-Images The tenth-richest person on the planet — and one of the loudest when he was Microsoft CEO — is building a luxurious $2 billion arena for the Los Angeles Clippers and plans a calm, non-shrieking celebration if his […]
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The disappearance of a supportive financial institution, which may have given them their first business credit card or mortgage, hits a bit different for foreign-born entrepreneurs. “Being an immigrant, it was much easier to open a Silicon Valley Bank account than a non-Silicon Valley Bank account,” said one founder. Justin Sullivan/Getty Images The 3.2 million […]
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The business of recruiting top performers and connecting them to money-making opportunities has gotten too complicated for many volunteer collectives, so they’re handing off the job to NIL professionals. Itdidn’t take long for Mark Comer to realize that The Royal Blue Collective, a booster group for Brigham Young University sports, wouldn’t be able to thrive […]
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Volkswagen’s ID. 2ALL, due in 2026, will have a base price of around $26,000 and travel up to 270 miles per charge. Volkswagen AG Elon Musk has teased the idea that Tesla would sell a widely affordable battery-powered model since 2006. He finally came close to announcing one this month, but still hasn’t shared details. […]
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SERGEI SUPINSKY/AFP/Getty Images The former comic actor tailors his language depending on whether he’s speaking to listeners at home or abroad. By Brandon Kochkodin, Forbes Staff Ukrainian president Volodymyr Zelensky knows his audiences and tailors his speeches accordingly. A Forbes Ukraine analysis shows that Zelensky, when addressing a Ukrainian audience, uses language that emphasizes the […]
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This week’s Current Climate, which every Saturday brings you the latest news about the business of sustainability. Sign up to get it in your inbox every week. Alisha Fredriksson GUERIN BLASK FOR FORBES This week, Forbes launched its annual 30 Under 30 Europe list, and as always, there were lots of talented young people already […]
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The second generation of leadership at Trident Seafoods, America’s biggest fishing company, commits to reinvesting billions to shore up its Alaska operations and pave the way for a third generation to take over. America’s biggest fishing company has made the remote Alaskan island of Akutan its second home for the past five decades. There’s a […]
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Illustration by Daniel Downey for Forbes Pentagon efforts to develop new missile propellants and explosives waned after the collapse of the Soviet Union, but the Chinese have made big strides. By Jeremy Bogaisky, Forbes Staff In1987, U.S. Navy researchers discovered a new explosive with fearsome capabilities. Named China Lake Compound No. 20 after the […]
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This story appears in the February/March 2023 issue of Forbes Magazine. Subscribe Across the planet, our 45 licensed editions span six continents, 27 languages and 14 time zones. They all share the same mission: celebrating entrepreneurial capitalism in all its forms. Luisa Ortega THE COCA-COLA COMPANY ANGOLA Coca-Cola recently installed a Luanda-based company to handle […]
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Welcome to the $400 billion green subsidy gravy train. The nation’s biggest solar panel maker, First Solar, sells $3.5 billion a year of its “thin-film” solar panels made with exotic “cadmium telluride” semiconductors that work well in hot and humid regions and in low light. Farhad “Fred” Ebrahimi, 84, is not an executive at the […]
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Thanks to gratuity-goosing point of sale terminals, the tip take is on the rise. Now the feds are eyeing that same digital path to collect more of the taxes owed on tip income. The skies in Raleigh, NC were blue on March 1st, with spring-like temperatures of nearly 70 degrees that tempted residents and tourists […]
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The ballpark in Queens (Photo by Jim McIsaac/Getty Images) Getty Images The New York Mets were stunned by the San Diego Padres in the wild card round of last year’s Major League Baseball postseason. They still had their best year ever financially at Citi Field. The Mets, owned by billionaire Steve Cohen, posted a record […]
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