Billionaires
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- Technology
Gina Rinehart bets $1.4 billion on Musk with record SpaceX stake
The mammoth bet deepens Rinehart’s ties to Musk - the world’s first trillionaire - and US President Donald Trump.
- David Swan
Latest
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- Sharemarket
Elon Musk becomes world’s first trillionaire as SpaceX soars in Wall Street debut
Elon Musk is now worth more than the world’s next four richest people combined.
- Bernard Condon
‘One could not ask for a better friend’: Elon Musk’s mate eyes $100 billion windfall
For 25 years, Antonio Gracias has dedicated himself to serving as one of Elon Musk’s most loyal lieutenants, doing anything and everything to aid the tech mogul. On Saturday, it’s payday.
- Theodore Schleifer
The controversial deal feeding the Trump family’s biggest money-maker
The Trump family’s foray into crypto has been lucrative, but has attracted a lot of scrutiny. One agreement in particular stands out.
- Olga Kharif and Tom Maloney
Russian billionaires see their empires crumble as Putin seizes assets
The country’s wealthiest business titans are coming under increasing pressure from Moscow.
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- AI
This brother and sister helped start a company five years ago. Now they are worth $11 billion each
The seven founders of an AI juggernaut, including a pair of siblings, have just jumped into the ranks of the world’s 500 richest people. And now the company has set its sights on Wall Street.
- Biz Carson and Tom Maloney
- Opinion
- Gina Rinehart
The Rinehart-backed deal that’s created a smorgasbord for conspiracy theorists
Since the Seven West merger, there has been a non-stop tussle over operational control of Southern Cross Media in a media industry version of Game of Thrones. This week’s news is the latest bizarre twist.
- Elizabeth Knight
The $30 billion windfall for the secretive brothers behind Chanel
Alain and Gerard Wertheimer inherited the company from their grandfather, one of the original business partners of creator Gabrielle “Coco” Chanel.
- Tara Patel and Angelina Rascouet
Son of billionaire fashion tycoon arrested as suspect in father’s hiking death
Mango founder Isak Andic died after falling more than 100 metres from a cliff while hiking with his son near Barcelona in 2024.
- Joan Faus and Corina Pons
- Updated
- AI
‘Hypocrite’: Elon Musk loses lawsuit against OpenAI
Elon Musk has lost his landmark case over OpenAI, with a jury finding the world’s richest person filed his claim too late.
- Madlin Mekelburg, Isaiah Poritz and Rachel Metz