Forbes US - April - May 2023
In this issue
The World’s Billionaires
Falling stocks, wounded unicorns and rising interest rates meant a tough year for the planet’s wealthiest people.
Edited by Rob LaFranco and Chase Peterson-Withorn
The Man Who Gave Too Much
When Zappos CEO Tony Hsieh died at 46 in 2020 after a mysterious re, it was revealed by Forbes to be drug-related. In this exclusive excerpt from Wonder Boy, Hsieh pays millions of dollars to a sycophantic circle of acolytes in a desperate attempt to deliver him happiness during the nal weeks of his life.
By Angel Au-Yeung and David Jeans
TRUMP'S TRUTH TROUBLE
The former president's fortune plunged $700 million, to $2.5 billion. The biggest reason? His once-hyped social media business has come crashing down
2 mins
Power Broker
Poland's richest woman was spending her time traveling the world producing documentary films. But after her dad died, DOMINIKA KULCZYK got down to business. She grabbed control of a near-bankrupt renewable energy company-and revived it just in time to have an impact on the European energy crisis
5 mins
The Anti-Uber
While the world's leading ride-sharing business was blowing billions of dollars trying to buy global domination, MARKUS VILLIG was busy doing the opposite with BOLT. Working on a shoestring budget, he built an $8.4 billion operation-and a $700 million fortuneby focusing on overlooked markets in Africa and Europe
4 mins
Small Town Giant
JIMMY RANE took over a tiny treated-lumber business and used his showman's flair for marketing to transform it into a major player. The Yella Fella from Abbeville is now Alabama's only billionaire-and the lumberyard will never be the same
5 mins
Boring Is Better
The shares of sleepy companies have recently bested those of exciting companies. This is just the beginning of a big trend, says the billionaire money man running AQR
4 mins
MOBILIZING AI'S INFANTRY
ALEXANDR WANG BRIEFLY BECAME THE WORLD'S YOUNGEST SELF-MADE BILLIONAIRE BY SUPPLYING ARTIFICIAL INTELLIGENCE COMPANIES WITH THE ONE THING THEY ALL NEED: HUMANS. HUNDREDS OF THOUSANDS OF THEM. NOW, HIS $7.3 BILLION STARTUP IS PRIMED TO CASH IN ON THE BIGGEST AI BOOM YET-UNLESS SOMEONE ELSE CAN DO IT BETTER OR CHEAPER
10 mins
THE WORLD'S BILLIONAIRES
FALLING STOCKS, wounded unicorns and rising interest rates translated into a tough year for the world's wealthiest. Globally, we counted 2,640 ten-figure fortunes, down from 2,668 last year. Altogether, the planet's billionaires are now worth $12.2 trillion, down from $12.7 trillion in March 2022.
4 mins
Τhe Adani Affair
Brothers Gautam and Vinod Adani took their family conglomerate to the pinnacle of indian capitalism. Then their companies lost $100 billion in 14 days as massive fraud claims rocked their empire. The inside story of two ambitious siblings who built their fortunes using shady deals, hidden offshore entities and alleged stock manipulation and why they may be too big (and too politically connected) to fail
10+ mins
Forbes US Magazine Description:
Publisher: Forbes
Category: Business
Language: English
Frequency: Bi-Monthly
Forbes is an American business magazine published by Forbes. It is one of the most respected business magazines in the world and has been in publication since 1917.
The magazine covers a wide range of topics related to business, including news, investing, entrepreneurship, and personal finance. It also publishes rankings of the world's richest people and companies.
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