Forbes

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Another Forbes '30 Under 30' Pick Is Arrested

List has been called a 'pipeline to prison'

(Newser) - A tech entrepreneur featured on a Forbes "30 Under 30" list in 2021 could be facing more than 40 years in prison. Joanna Smith-Griffin, now 33, has been charged with securities fraud, wire fraud, and identity theft, Quartz reports. Smith-Griffin founded the artificial intelligence start-up AllHere Education in 2016....

Sam Altman Joins a Pretty Exclusive Club

OpenAI CEO is officially a billionaire, according to Forbes

(Newser) - There's a new billionaire in town. Sam Altman, the 38-year-old CEO of the company that created ChatGPT, is now worth at least $1 billion, according to Forbes , putting him at No. 2,747 on the magazine's list of the world's richest people . Though Altman has no equity...

10 Most Powerful Women in the World

Americans dominate the top 10, including Karen Lynch of CVS

(Newser) - Forbes is out with its annual list of the most powerful women in the world, with two familiar Americans cracking the top five: Vice President Kamala Harris at No. 3 and Taylor Swift at No. 5. In fact, Americans dominated the top 10. Another familiar name rising quickly is...

Forbes Would Like These Under-30 Picks Back

Sam Bankman-Fried leads the way

(Newser) - Forbes would like a do-over, please. Specifically, over its annual "30 Under 30" list that celebrates the accomplishments of young entrepreneurs. So many of the honorees have wound up in disgrace over the years that it's become something of a joke, notes Business Insider . (Witness this tweet...

Trump Didn't Make This List, and He's Not Happy

Former president slams 'Forbes' after not making it into the magazine's top 400 billionaires

(Newser) - This year's Forbes 400 list of America's richest came out last week, and the magazine notes the "superrich are riding high again," making back $500 billion they collectively lost last year. Elon Musk tops the list with his $251 billion, followed by the usual suspects of...

LeBron James Gets His 'Biggest Milestone'

'Forbes' anoints him a billionaire, making him the first active NBA player to get there

(Newser) - Eight years ago, LeBron James told GQ that he was chasing his "biggest milestone"—achieving billionaire status. Mission accomplished, according to Forbes . The magazine now calculates James' worth to be $1 billion, making him the first active NBA player to reach the mark. Michael Jordan made the list...

Guess Who's Not on the Forbes 400 List
Trump Fails to Make
Forbes 400 List
Oct 6, 2021 12:36 AM CDT

Trump Fails to Make Forbes 400 List

For the first time in 25 years

(Newser) - For the first time in a quarter-century, Donald Trump failed to make the Forbes 400 this year. The former president made the list of the wealthiest Americans every year from 1996 to 2020 (as well as 1982 to 1989), USA Today reports. The cutoff to make the list rose from...

Trump Acknowledged a Debt of $400M. It's Much Higher

But 'Forbes' also notes he has significant assets and has a net worth of $2.5B

(Newser) - The subject of President Trump's debt surfaced at his town hall Thursday night, and he didn't deny a figure of $400 million raised by NBC's Savannah Guthrie. "It's a tiny percentage of my net worth," Trump said. "$400 million is a peanut,"...

Kanye: 'I Am Taking the Red Hat Off'

But potential candidate tells 'Forbes' Trump is 'special,' Biden isn't

(Newser) - Kanye West still has some work to do if he's serious about making a 2020 run for the White House, but he managed to carve out "four rambling hours" to talk to Forbes on Tuesday on his run under the "Birthday Party" banner—"because when we...

Forbes Redid the Numbers. It's Bad News for Kylie Jenner

Magazine says it has concluded 22-year-old 'is not a billionaire'

(Newser) - Remember all the hubbub last year over Kylie Jenner's ascension to the crown of "youngest ever self-made billionaire" at age 21? That title just got yanked by Forbes , which has removed her from its famous ranking of billionaires after looking more closely at what it now calls her...

Forbes Just Named Kanye a Billionaire. He's Still Not Happy

Rapper says magazine undervalued him at $1.3 billion

(Newser) - It's not clear whether Yeezy will soon change his name to "Christian Genius Billionaire Kanye West," as he's long wanted to , but he can at least now officially claim part of that moniker. CNN reports the 42-year-old rapper and fashionista is worth $1.3 billion, per...

Youngest Ever Self-Made Billionaire Is Crowned

Kylie Jenner takes the title at age 21, thanks to makeup brand

(Newser) - She's done it : Kylie Jenner is the youngest self-made billionaire ever at 21. Perhaps better known for her role in reality TV's Keeping Up With the Kardashians, Jenner is the sole owner of Kylie Cosmetics, which launched in 2016 and is now valued at $900 million. "Add...

For First Time in 24 Years, a New No. 1 on Forbes 400

Jeff Bezos unseats Bill Gates

(Newser) - Jeff Bezos recently became the richest person in modern history , and on Wednesday came another milestone for the Amazon founder: For the first time since 1994, Bill Gates has been unseated at the top of the Forbes 400. Bezos is the first new No. 1 in 24 years, with a...

Report: Commerce Chief May Be World-Class 'Grifter'
Wilbur Ross Allegedly Stole
$120M. And Sweet'N Low
investigation
Aug 7, 2018 10:05 AM CDT

Wilbur Ross Allegedly Stole $120M. And Sweet'N Low

Commerce chief accused by 'Forbes' of being among the biggest American 'grifters'

(Newser) - The buzziest political story of the day comes courtesy of Dan Alexander at Forbes , who's out with some devastating allegations against Commerce Secretary Wilbur Ross. Alexander interviewed 21 people who say that Ross, through his private equity firm WL Ross & Co., "siphoned or outright stole a few...

Reporter: Here's a Tape of Trump Conning Me in 1980s

In recording, 'John Barron,' aka Trump, lies about Trump's wealth, writes Jonathan Greenberg

(Newser) - Legend has it that Donald Trump used to pose as his own PR person back in the 1980s and '90s and phone reporters to talk about how great Trump was. Now a former reporter for Forbes magazine is offering up a taped phone conversation he had with "John...

Forbes : Wilbur Ross Lied About Being a Billionaire
Forbes: Wilbur Ross Lied
About Being a Billionaire
INVESTIGATION
Nov 7, 2017 9:30 AM CST

Forbes: Wilbur Ross Lied About Being a Billionaire

Magazine accuses commerce secretary of pattern of 'whoppers' and 'omissions' going back 13 years

(Newser) - Earlier this year, President Trump noted "I just don't want a poor person" in charge of economic posts in his administration, then touted Commerce Secretary Wilbur Ross as "a very rich person" who was up to the task. But just how rich Ross really is is now...

Highest-Paid Celeb Can Thank Vodka for the Honor

Diddy tops 'Forbes' annual list

(Newser) - The highest-paid celebrity on Forbes' 2017 list managed to beat out Beyonce for the top spot—and he has vodka to thank for it. Sean "Diddy" Combs tops this year's annual list, having raked in $130 million pre-tax between June 2016 and June 2017. That's partially due...

2016's Highest-Paid Dead Celebrities

Michael Jackson tops Forbes' list with $825M in earnings

(Newser) - They may have gone to the great beyond, but these celebrities are still raking it in. Topping Forbes' list of the highest-paid celebrities dead or alive is Michael Jackson, who raked in $825 million this year. The King of Pop's pre-tax windfall came largely thanks to his then-controversial purchase...

Forbes Says This Young Billionaire Now Worth Nothing

Magazine says Theranos founder Elizabeth Holmes' net worth is gone

(Newser) - The golden child of the biotech world has lost her luster—and her entire fortune. "Last year, Elizabeth Holmes topped the Forbes list of America's Richest Self-Made Women ," Forbes pointed out Wednesday, noting it had rejiggered the $4.5 billion attributed to her last year: "Today,...

Forbes Writer to Daily Show: 'Food Stamps Are Cruel'

John Tamny: People don't like being 'reliant' on others

(Newser) - On last night's Daily Show , correspondent Jessica Williams looked into food stamps' rapidly shrinking funding. The program is dwindling exactly as it should be, according to Forbes columnist John Tamny , though maybe not for the reasons you'd think. Tamny told Williams that he thinks "food stamps are...

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