The world’s billionaires grew richer than ever in 2025, charity Oxfam said on Monday, warning of “highly dangerous” political consequences as elites gather at the World Economic Forum in Davos. It sai...
Billionaire wealth surged at three times its recent pace last year to reach its highest level on record, deepening economic and political divides that threaten democratic stability, anti-poverty gr...
Economists and technologists say AI hype obscures displacement, infrastructure costs, and uneven gains....
The Swiss resort town of Davos hosts the World Economic Forum each January, bringing together politicians, policymakers, and business executives. Christian Hartmann/Reuters Nearly 400 wealthy individu...
AI czar David Sacks Alex Brandon/AP White House AI czar David Sacks criticized the possibility of a California wealth tax. If the tax is ultimately approved, he said it will be "the beginning of s...
Elon Musk has asked his followers on X if he should buy Ryanair after a spat with the European budget airline's outspoken CEO Michael O'Leary....
This is an excerpt of Sources by Alex Heath , a newsletter about AI and the tech industry, syndicated just for The Verge subscribers once a week. Elon Musk first sued OpenAI in February 2024. Despite ...
Nicola Peltz Beckham and her husband, Brooklyn Beckham. Allen Berezovsky/Getty Images Nicola Peltz Beckham is the daughter of billionaire businessman Nelson Peltz. She married David and Victoria Beckh...
Google cofounder Larry Page reportedly purchased property in South Florida. EMMANUEL DUNAND/AFP/GettyImages Google cofounder Larry Page bought property in Florida amid California's proposed billionair...
UK prime minister says xAI will restrict the image generator as billionaire pledges to follow laws in all markets...
Will the tech billionaire attempt a takeover of an airliner out of spite? Here’s the background on Musk’s latest beef, and what it’s really all about....
Joe Buglewicz for BI Business Insider took a deep-dive look at the bankruptcy auction of an armor-plated Mercedes. The auction was entirely online, and people placed 115 bids without kicking the tires...
Nelson Peltz, right, and Claudia Heffner Peltz, center, with three of their eight children in 2008. The pair have been married since 1985. Michael Loccisano/Getty Images Billionaire investor Nelson Pe...
Billionaire’s firm plans portfolio to profit from rising and falling prices, following sharp sell-off in digital assets sector...
Luisa Zhou's parents taught her the importance of working hard. Courtesy of Luisa Zhou Luisa Zhou's immigrant parents taught her to work hard and seek security. She ran out of paid time off after help...
Four Chinese groups are racing to build global satellite communications infrastructure to challenge the considerable head start made by US tech billionaire Elon Musk’s Starlink. The two leaders for Ch...
Reid Hoffman, an outspoken AI optimist, told a reporter he has gifted AI-generated music to his friends and family. Kimberly White/Getty Images Reid Hoffman, an AI fan, said he gave his friends and fa...
Ken Griffin, CEO of Citadel. Fabrice COFFRINI / AFP via Getty Images Ken Griffin, CEO of Citadel, gave his two cents on Trump's key economic policies. Tariffs have led to higher inflation and disrupte...
Steve Cohen is the owner of the New York Mets. Joe Raedle/Getty Images A new continuation vehicle has acquired stakes in Point72's fintech startups, a press release states. The new fund raised $280 mi...
Ryanair CEO Michael O'Leary at Wednesday's press conference. Brian Lawless/PA Images via Getty Images Ryanair is escalating its feud with Elon Musk by hand-delivering an airline ticket. CEO Michael O'...