On Wall Street, risk-free investments are the Holy Grail, so no price is too high to pay for an NFL team. Now a new wave of private equity owners are entering the game with mountains of cash–and nothing to lose. https://lnkd.in/e9JmWGQB #Forbes400
Forbes
Book and Periodical Publishing
Jersey City, NJ 18,036,144 followers
Official page of Forbes, the world’s leading voice for entrepreneurial success and free enterprise.
About us
Forbes Media is a global media, branding and technology company, with a focus on news and information about business, investing, technology, entrepreneurship, leadership and affluent lifestyles. The company publishes Forbes, Forbes Asia, and Forbes Europe magazines as well as Forbes.com. The Forbes brand today reaches more than 94 million people worldwide with its business message each month through its magazines and 37 licensed local editions around the globe, Forbes.com, TV, conferences, research, social and mobile platforms. Forbes Media’s brand extensions include conferences, real estate, education, financial services, and technology license agreements. Forbes is an equal opportunity employer.
- Website
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http://www.forbes.com
External link for Forbes
- Industry
- Book and Periodical Publishing
- Company size
- 201-500 employees
- Headquarters
- Jersey City, NJ
- Type
- Privately Held
- Founded
- 1917
- Specialties
- Business, Finance, Investing, Technology, Politics, Leadership, Entrepreneurship, Small Business, Cloud Computing, Security, and Management
Locations
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Primary
Jersey City, NJ, US
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499 Washington Blvd
Jersey City, NJ 07310, US
Employees at Forbes
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Josh Wolfe
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John Chisholm
CEO, John Chisholm Ventures; Serial Entrepreneur & Angel Investor; Trustee, Santa Fe Institute; Former trustee, MIT
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Mark Minevich
Chief AI Officer & Strategist | Chair Executive Advisor & Partner | ex-IBM ex-BCG | Fortune 500 & governments | Boards Foundations | UN | Investor…
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Toby Shapshak
TED Global | Forbes senior contributor | Business Day columnist | Scrolla.Africa director | Stuff editor-in-chief
Updates
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The 400 richest people in America have doled out some $287 billion in charitable giving over their lifetimes, to causes including climate change, education and space-based solar power. Yet, overall, the members of The #Forbes400 aren’t all that generous, relatively speaking. Their aggregate charitable giving equals just 5% of their combined $5.4 trillion in wealth—and only a third of their increase in wealth over the past year alone. https://trib.al/QM5KHto
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It was a year of scandal, stock crashes or simply not getting richer fast enough for these moguls who were kicked out of America’s most elite club. #Forbes400 https://trib.al/oVe9JEu
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In all, there are 26 billionaires on The #Forbes400 who are under 50, including two thirtysomethings. The 10 youngest listees are all aged 42 or under. Together, these 10 super-rich relatively youthful billionaires are worth $273 billion. Two-thirds of that sum comes from one young mogul alone: Mark Zuckerberg, who’s worth an estimated $181 billion. The Facebook cofounder debuted on the list in 2008 at age 24; he’s now 40, and—with shares of Facebook-parent company Meta at all-time highs—richer than ever. Zuck is the third-wealthiest American, and the fourth-youngest, eight days older than his cofounder Dustin Moskovitz, who is third-youngest. The Facebook founders’ 40th birthdays, in May, left just two members of The Forbes 400’s under-40 club: 39-year-old Josh Kushner, the venture capital billionaire who hails from a New York real estate dynasty, and 38-year-old Lukas Walton, a grandson of Sam Walton, the cofounder of Walmart. Lukas Walton is the youngest member of The Forbes 400 for the second straight year. Worth an estimated $33.9 billion, he has $900 million for every year he’s been alive.
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The hip-hop legend has gone from parental advisory to family friendly. This fall, he’ll join The Voice and release a new Dr. Dre–produced album, all while looking for new joint ventures—including the kind you roll—that will keep his grandchildren set for life. Read more: https://lnkd.in/eEYdEeTg
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Only three members of the top 25 got poorer over the past year: Elon Musk, whose fortune dropped by $7 billion but who remains the richest person in America; Bill Gates, after we increased our estimate of his 2021 divorce settlement with Melinda French Gates; and Phil Knight, following a rough run for Nike stock since last year. Here are the top 25 members of the 2024 #Forbes400 list:
The 2024 Forbes 400: The 25 Wealthiest People In America
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Most billionaires face a long road to The #Forbes400 ranking of America’s richest people. But it’s longer for some than others, which is why, since 2014, Forbes has been assigning every member of the list a score based on how self-made he or she is. The score ranges from 1 to 10, with 1 to 5 meaning an individual inherited most of his or her net worth and 6 to 10 meaning he or she built their company or established their fortune. See the self-made scores we gave this year's listees: https://trib.al/rBgg5n4
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Forbes reposted this
YouTuber Jeff Geerling makes videos reviewing hardware products like Raspberry Pi and 3D printers. Last week, he discovered that electronics company Elecrow had cloned his voice with AI and used it to make dozens of promotional tutorials. “It doesn’t matter whether I have zero subscribers or 50 million, it’s just not okay,” he says. This and more in The Prompt: #ai #generativeai #prompt https://lnkd.in/gixUT9Dj
The Prompt: YouTuber Accuses Company Of Stealing His Voice
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Eren Ozmen’s Sierra Nevada Corp. fought for years to land the $13 billion contract to build the next nuclear-ready Doomsday planes. Now the billionaire’s reputation—and her firm’s finances—hinge on whether she can pull off the most difficult maneuver in aerospace: executing a complex, top-secret government project on time and on budget. #Forbes400
How This Immigrant Billionaire Outmaneuvered Boeing To Build America’s Next “Doomsday” Nuclear Planes
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It’s a record-smashing year for America’s 400 richest people. After adding nearly $1 trillion to their fortunes over the past 12 months, The #Forbes400 are worth a collective $5.4 trillion, by far the most ever. It now takes a record $3.3 billion to make the list, up from $2.9 billion in 2023. In general, the richer you were, the richer you got. Just 25 people—a dozen of them worth $100 billion or more—are responsible for $500 billion of the gains. These top 25 now holds more than $2.5 trillion in wealth, nearly half the list’s total net worth. https://trib.al/Om7zNsf