Luxury yachts and cars in Monte Carlo. The French parliament has voted against a proposal for a 2% tax on fortunes over €100m. Photograph: Elijah Lovkoff/Alamy. The super-rich are inheriting record levels of wealth as they pass down billions of dollars to their children, grandchildren and spouses, research by a Swiss bank favoured by billionaires shows.
Ali Ansari, micro1 CEO, poses for a photo in San Francisco. Ali’s decision to turn micro1’s AI recruitment assistant into a data labeling business spiked the company’s valuation from $80 million to discussions at $2.5 billion. Now he’s working on cornering the market for humanoid training data.
The four cofounders of Bending Spoons, a startup that specializes in buying ailing apps and websites, are all billionaires thanks to the Milan-based company raised $710 million at a $11 billion valuation
Mercor founders (left to right): Adarsh Hiremath, Brendan Foody and Surya Midha. ULY Inc. for Mercor. With a new $10 billion valuation for their AI recruiting startup Mercor, the founders have become the youngest self-made tech billionaires ever, beating out Mark Zuckerberg who debuted at age 23 two decades ago.
Elon Musk on Wednesday became the first person to surpass $500 billion in net worth, powered by a rebound in Tesla’s (TSLA.O), opens new tab share price this year and swelling valuations of his other tech ventures. The milestone comes just under a year after Musk’s net worth crossed $400 billion and underscores his lead as the world’s richest person.
Malaysian-born Kimberley Ho, a Stanford alumna, traded her investment banking career to build Evereden, a family skincare brand that now generates US$100 million in annual sales. Kimberley Ho, co-founder and CEO of Evereden. Photo from Kimberley Ho’s LinkedIn
Forbes has released its annual list of billionaires, highlighting 2,781 individuals worldwide. Of these, only 21 are Black, making up less than 1% of the total. Among them, only two are women. The list includes individuals from various industries, including finance, technology, sports, and entertainment.
The widespread popularity of TikTok has created not only a new generation of social media stars — it’s also helped mint China’s wealthiest person. ByteDance founder Zhang Yiming is now China’s richest man.Visual China Group via Getty Images; Ruobing Su/Business Insider
Michael Dell, the founder, chairman and CEO of Dell Technologies, added an estimated $14 billion to his valuation between Friday and Monday thanks to a bump in Broadcom stock that made him one of the 10 richest people in the world for the first time. SXSW Conference & Festivals via Getty Images
Under the leadership of Summit Therapeutics Co-CEO Maky Zanganeh, shares have risen 17-fold, bollstered by positive data on its leading drug candidate.Courtesy of Maky Zanganeh
