Billionaires
Move over, Murdoch. Musk’s huge fortune makes him political kingmaker
Ron DeSantis’s plan to announce his 2024 presidential campaign in a Twitter conversation with Elon Musk shows how the world’s second-richest person is increasingly setting himself up as a leading powerbroker.
- by Laura Davison and Amanda Albright
Latest
The ‘Lone Wolf of Wall Street’ loses billions as the hunter becomes the hunted
Carl Icahn was once the most-feared figure among corporate America’s CEOs. Now someone is doing to the legendary Wall Street figure what he’s done to so many for so long.
- by Tom Maloney and Amanda L Gordon
Rough day at the office: World’s richest man loses $11.7m a minute in stock rout
Louis Vuitton billionaire Bernard Arnault had $16.9 billion wiped from his fortune in one day over concerns that a softening US economy will dampen demand for luxury goods.
- by Amanda Albright
The ‘ghost planes’ secretly jetting Putin’s oligarchs around the world
At the beginning of the war in Ukraine, sanctioned Russian oligarchs suffered the humiliation of having their private jets seized. Yet many planes escaped.
- by Melissa Lawford
Spotlight back on $20 billion family feud after patriarch’s death
A family fortune dating back more than a century has been embroiled in turmoil over a letter signed by four brothers. Now a fragile truce could now be at risk.
- by Ben Stupples and Jonathan Browning
Theranos fraudster Elizabeth Holmes must repay Rupert Murdoch $188 million
The convicted fraudster and her business partner must repay the billionaire’s investment as part of restitution for their crime, a judge has ordered.
- by Gareth Corfield
Analysis
Financial planning
How much money do you need to be in Australia’s wealthiest 1 per cent?
There are now only two countries, Monaco and Switzerland, where it takes more wealth to be considered part of the 1 per cent.
- by John Collett
Great survivor: How ‘China’s Warren Buffett’ revived his billion-dollar fortune
When prized assets are being offloaded, it is often the sign of a death spiral for a company. But billionaire Guo Guangchang has always danced to the beat of his own drum.
- by Venus Feng
King’s coronation route maps a $32 billion royal empire
The estates serving the monarch have seen their net values rise about 80 per cent on average over the past decade, thanks to rising land and property prices across the UK.Â
- by Benjamin Stupples and Ellie Harmsworth
French connection: The world’s richest woman sees her fortune soar
A global shopping splurge on luxury goods and beauty products is making some of the world’s richest people even richer.
- by Tara Patel
Tiffany, unboxed: New York flagship store a nod to modernity and heritage
Since French conglomerate LVMH acquired Tiffany & Co for about $US16 billion, a lot has changed, including its flagship New York store which is set to reopen this week.
- by Alex Vadukul