Forbes Daily Briefing
The Forbes Daily Briefing shares the best of Forbes reporting on wealth, business, entrepreneurship, leadership and more. Tune in every day, seven days a week, to hear a new story. The Daily Briefing is edited, produced and hosted by Kieran Meadows.
Episodes
British AI Chip Founder Becomes Europe’s Youngest Self-Made Billionaire
In 2017, James Dacombe dropped out of high school to found brain monitoring startup CoMind. Four years later, he took a Thiel Fellowship to skip college and build his first startup. Now the 25-year-old is Europe’s youngest self-made billionaire thanks to his two-year-old chipmaking company Olix, as well as an undisclosed stake in CoMind—which he still runs separately.
Founded in 2024, Dacom
Bill Gates-Owned Four Seasons Resort Sued For $100 Million By Disgruntled Members
The homeowners association of Four Seasons Resorts Nevis filed a lawsuit against Nevis Peak Holdings on Tuesday, August 11 in Delaware Chancery Court. Nevis Peak owns the luxury resort and surrounding property, which sits at the base of a volcanic mountain in Pinney’s Beach, a roughly three-mile stretch of beach on the Caribbean island—just north of Charlestown, Alexander Hamilton’s birthplace.
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PTSD Helped Make Vietnam Vet Bob Parsons A Billionaire—But Also Nearly Destroyed Him
Bob Parsons is navigating his golf cart through the twisting dry dirt road of the golf course he built in the Sonoran Desert in Scottsdale, Arizona, avoiding lizards, rabbits and giant saguaros. He stops near the ninth hole, named Catfish, which overlooks a manmade lake and surrounded by three million acres of preserved land. It cost Parsons hundreds of millions of dollars to develo
Iron Vs Carbon: Funds Surge For Makers Of Batteries That Store Power For Days
Form Energy, which makes iron-based batteries to hold electricity for days, said it raised $750 million to expand production. That follows a $550 million raise by rival Antora Energy to accelerate production of its thermal batteries made from carbon blocks that also hold power for at least 100 hours. Unsurprisingly, data center power demand underpins the investment spike.
Form, which began shippi
Why Every Major Bank Is Racing To Put Wall Street On The Blockchain
Last week Wells Fargo, the country’s fourth-largest bank with about $2.3 trillion in assets, said it would offer tokenized deposits to corporate and commercial clients this fall. Not long ago, the announcement would have been written off as yet another blockchain trial balloon. Today, it looks more like keeping up with the competition.
JPMorgan and Citigroup already operate similar services.
How Private Credit’s Master Of Disaster Made An $800 Million Fortune
Leonard Tannenbaum’s newest venture was supposed to be a sure thing. In 2020, after selling his previous company, Fifth Street, under a cloud of investor litigation and an SEC settlement, the veteran financier recast himself as a pioneering lender to underbanked cannabis firms. Weed was booming as Americans sat out the pandemic stressed and bored. But marijuana was illegal at the federal leve
The Los Angeles Lakers’ Record $12.5 Billion Sale Resets The Market For Sports Teams
The news that billionaire venture capitalist Josh Kushner and former Disney CEO Bob Iger are buying a controlling stake in the Los Angeles Lakers at a record-breaking $12.5 billion valuation, first reported by ESPN on Wednesday morning, came as a shock in more ways than one.
The deal breaks Walter’s own record for the purchase price of a professional sports team
AI's Latest Rocket Ship Is An Old School, 28-Year-Old Data Company
Alex Bouzari isn’t one for the tech-founder uniform of khakis and a hoodie. Instead, he largely designs his own clothes. Think Willy Wonka on a bender: Regency-inspired suits, huge popped collars and crocodile-skin shoes.
The interior of his Paris pied-à-terre, a grand 19th-century apartment on a leafy avenue radiating off the Arc de Triomphe, is just as maximalist. Everything from the
Inside The 50 Over 50 List 2026
Earlier this year, an unsettling survey finding bounced around the internet: 70% of women say they feel increasingly invisible as they age. However, the sixth annual Forbes 50 Over 50 tells a very different story. Women across the country are doing some of their most ambitious, influential and powerful work after age 50.
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Meet The Billionaire Utah Couple Behind An E-Commerce Empire
On September 19 last year, the husband-and-wife cofounders of e-commerce company Pattern, David Wright and Melanie Alder, walked up together to the NASDAQ podium in Times Square—both dressed in black button-up shirts and custom blue and purple Nike Air Forces. Wright, CEO of the Lehi, Utah-based company, took the microphone to thank the room full of employees. “Mel and I get asked, ‘How did you do
This Billionaire Made $360 Million Selling His Psychedelic Company To Eli Lilly
OnEaster Sunday in 2014, Christian Angermayer, the German investor, was on the beach on the Caribbean island of Canouan with three friends, contemplating whether he should take magic mushrooms.
Before he made his decision, he called a professor he knew who studies psychopharmacology. He explained to Angermayer that he was in the perfect set and setting, was of healthy mind, and he
Silicon Valley’s Other China Problem: It’s Training Their AI
When U.S. sales teams from Silicon Valley’s big data-labeling startups visited this year’s International Conference on Machine Learning in Seoul, Korea, they arrived prepped to court the industry’s big spenders. The data companies—collectively worth tens of billions of dollars and generating billions in annual revenue supplying training data to customers like OpenAI and Anthropic—are use
Why Podcast Pioneer Joe Budden Will Never Sell Out
Back in 2015, talent manager Ian Schwartzman emailed Spotify with a request—his client, rapper Joe Budden, wanted to add episodes of his newly launched podcast to his artist profile on the music streaming platform. “And the response I got was comical,” Schwartzman tells Forbes, “It was, ‘What is podcasting?’”
A decade later, podcasting has become a cornerstone of media, and Spotify is competing w
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