Great BI story on this quietly exploding industry. "As the megarich have multiplied, so too have their mansions, planes, and yachts that need to be staffed." For many, that's a "lucrative alternative to climbing an increasingly wobbly corporate ladder." www.businessinsider.com/gen-z-billio...

1/3 Reddit’s popularity has exploded in recent years. Daily users have approximately doubled since the summer of 2023. It’s become one of the top sources cited by AI chatbots. And organic search to the platform has skyrocketed (you may have noticed more Reddit results when you Google these days).

@forbes.com mgt, led by CEO Sherry Phillips and CCO Randall Lane, have proposed 1.25% annual bumps for staff, not even keeping up with inflation--when many in the newsroom go YEARS without a raise. #journalismjobs @nyguild.bsky.social

1/2 Amazing story from my colleague @pheebini.bsky.social about the CEO & founder of Surge AI, which is generating more revenue than any other AI company focused on data labeling (labeling = a crucial step in the process of training AI models). www.forbes.com/sites/phoebe...

Jared Kushner has cofounded an AI startup, Brain Co, with VC Elad Gil and Luis Videgaray, the former Mexican foreign minister, to help corporates and government deploy AI www.forbes.com/sites/giacom...

It's a great week for telecom billionaire Charles Ergen. His company EchoStar announced it would sell spectrum to AT&T. Its stock soared and his wealth more than doubled. But the consequences for consumers are more complicated. (1/3)

Daniella Pierson appears to embody success. She’s started four companies, one with Selena Gomez. She shows off a luxurious lifestyle and celebrity friend network on social media. Forbes even called Pierson one of the richest women of color in the U.S. in 2022, pegging her net worth at $220m. (1/4)

1/ Billionaire Steve Sarowitz’s Wayfarer Foundation had been financing 200+ nonprofits with around $100 million until its sudden shutdown in early May. The closure occurred amid his high-profile legal battle with actress Blake Lively, who’s sued him and his partner Justin Baldoni.

👀 "How The Ultra-Wealthy Are Protecting Themselves Against Arson Attacks, Kidnapping And Worse" @mhunterhart.bsky.social for @forbes.com

1/ Billionaires are more concerned than ever about their safety. Resentment toward the rich and powerful was already increasing amid wealth inequality, overseas wars, and hyper-polarized politics. Then came the UnitedHealthcare CEO shooting and a string of other incidents.

Fantastic profile by @mhunterhart.bsky.social of Florida homebuilder Pat Neal and how he's preparing his firm--focused on the middle-class--for higher tariffs and still-high interest rates:

1/ Many experts believe homebuilders are about to experience their worst year since the Great Recession. The axe is already coming down hard in Florida. “Florida’s always been the precursor for what’s going to happen with real estate in this country,” says analyst Jack McCabe.

1/ Today we launched the 2025 @forbes.com World's Billionaires List, one of the largest investigative business journalism projects with 100+ reporters around the world. We found a record 3,028 billionaires in 78 countries worth a collective $16.1 trillion. t.co/zRCbJBbHwb

“The logistics business is like marriage,” says entrepreneur Eric Hémar. Why? That turns out to be a billion-dollar question — which helped Hémar grow his business into France’s leading logistics company: www.forbes.com/sites/monica...

The L.A. wildfires decimated Malibu’s elite Carbon Beach last month. But one house, aptly nicknamed “The Fortress,” went up against the flames and survived. Here’s why—and what it indicates about how Los Angeles should rebuild: www.forbes.com/sites/monica...

NEW from me and @giacomotognini.bsky.social: Trump’s tariff threats are stalling his son-in-law’s planned investment in Mexico: www.forbes.com/sites/monica...

Forbes has a scoop on the Blake Lively-Justin Baldoni scandal today. Those “It Ends with Us” costars have gotten most of the attention in the escalating dispute, but another defendant in Lively's case—who's preparing to sue her back as soon as today—is the billionaire Steve Sarowitz.

Decades before becoming a billionaire, Fernando De Leon was a kid living in poverty in Matamoros, Mexico and crossing the border daily to go to school. The only one of 6 siblings born in the U.S., “I’m what Donald Trump calls an ‘anchor baby,’” he tells Forbes. “But a high tax-paying anchor baby.”

1/3 Over the past 3 years, more than 70 of my colleagues have left @forbes.com. Reporters who mentored me closely—and encouraged me to pursue journalism with conviction & confidence despite a discouraging media landscape—left because management wasn’t willing to pay them what they're worth.