Forbes Topline

What We Know About Billionaire Peter Thiel’s Secret 'Dialog’ Society—Including Who’s Involved 19.06.2026 3λ

A leak of private information purportedly related to an ultra-secret society called “Dialog” founded by PayPal billionaire Peter Thiel has revealed the inner workings of an elite group to which hundreds of global leaders, business executives and billionaires belong. The documents, examined and revealed by Wired this week, show Thiel and investor Auren Hoffman co-founded Dialog in 2006 as a private, invitation-only and “bipartisan” network of influential people in technology, politics, academia, finance, government and beyond. Dialog describes itself as a place for off-the-record relationships among leaders from different fields and ideological backgrounds, and the group hosts at least one in-person retreat per year at at lavish locations like the Ritz-Carlton Dove Mountain in Arizona, the Ritz Carlton in Santa Barbara, California and the San Clemente Palace in Venice. Learn more about your ad choices. Visit megaphone.fm/adchoices

What We Know About Potential $300 Billion For Iran In Peace Deal 18.06.2026 3λ

Iran could have access to up to $300 billion in reconstruction funds if it adheres to a peace agreement it recently struck with the U.S., according to Vice President JD Vance and multiple reports, though official terms of the deal remain scarce as President Donald Trump has seemingly denied the payout as “fake news.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Fox Will Buy Roku For $22 Billion 17.06.2026 3λ

Fox Corporation on Monday announced it reached an agreement to buy the streaming service Roku for $22 billion, expanding Fox’s streaming portfolio in a transaction the companies said would create the “third-largest player in U.S. television.” Fox said it would acquire Roku for $160 per share in a deal the companies expect to include $400 million in savings. Fox CEO Lachlan Murdoch, the eldest son of billionaire Rupert Murdoch, called the deal a “defining moment” for Fox that brings “together the most valuable live content portfolio and video consumption with the preeminent streaming platform through which America watches it.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Elon Musk Becomes The World's First Trillionaire Ever After SpaceX IPO 12.06.2026 3λ

Elon Musk just became the first trillionaire in world history. SpaceX’s stock began trading on the Nasdaq Friday at $150 per share, implying a nearly $2 trillion market cap for the company. Forbes estimates that Musk is now worth $1.1 trillion as of just before noon eastern Friday, up from $982 billion on Thursday, when SpaceX priced its IPO at $135 share. The IPO pricing boosted Musk’s fortune by $188 billion yesterday, according to Forbes’ calculations. Musk, who serves as chairman, CEO and chief technical officer of SpaceX, owns 4.8 billion shares of the rocketmaker, worth $715 billion. He has another 350 million stock options with an exercise price of $8.40 per share, worth $50 billion, giving him a 38% stake in the company, worth $765 billion. Before SpaceX priced its IPO on Thursday, Forbes had been valuing Musk’s estimated 40% stake (before dilution from the offering) at around $500 billion, based on the $1.25 trillion valuation of SpaceX’s merger with Musk’s artificial intelligence and social media company xAI in February. (xAI previously merged with X–formerly Twitter–in March 2025.) Musk also owns just over 10% of $1.5 trillion (market cap) Tesla, worth $163 billion, plus options to acquire another nearly 8% stake, worth $113 billion. Rounding out his net worth are smaller stakes in his brain interface startup Neuralink and his tunneling firm Boring Company, plus several billion dollars’ of wealth from previous Tesla share sales. Learn more about your ad choices. Visit megaphone.fm/adchoices

Larry Ellison’s Net Worth Plunges $10 Billion—Falls Behind Bezos To Fifth-Richest 11.06.2026 3λ

Larry Ellison’s fortune declined by more than $10 billion on Tuesday, dropping him behind Jeff Bezos to the No. 5 spot among the wealthiest as Oracle shares stumbled amid another broad decline for tech stocks. Shares of Oracle dropped by more than 4% as of Tuesday afternoon, extending losses of 17% over the last week, as other tech stocks headlined declines across the stock market, including Marvell (11.5%), AMD (7.2%), Micron (5.9%), Apple (3.8%) and Nvidia (2.6%). The latest intraday slide for Oracle lowered Ellison’s net worth by $10.4 billion, valued at $249.7 billion, ranking him behind Amazon’s Bezos ($252 billion) and Google cofounders Sergey Brin ($272.7 billion) and Larry Page ($295.6 billion), according to Forbes’ Real-Time Billionaires list. Learn more about your ad choices. Visit megaphone.fm/adchoices

Inflation Hit Highest Rate In 3 Years In May 10.06.2026 3λ

Inflation rose to its highest annual rate in three years in May, as surging oil costs once again fueled broader price increases amid a persistent conflict in the Middle East, according to federal data released Wednesday. Consumer prices increased 4.2% from May 2025 and 0.5% between April and May, the Bureau of Labor Statistics reported, matching consensus economist estimates, according to FactSet. That’s the first time inflation crossed the 4% annual rate since May 2023 (4%), and it’s the highest rate since April 2023 (4.9%). Learn more about your ad choices. Visit megaphone.fm/adchoices

OpenAI Has Filed Paperwork To Go Public 09.06.2026 3λ

OpenAI has confidentially filed an S-1 form for an initial public offering, the company said in a brief statement on Monday, about one week after artificial intelligence rival Anthropic did the same as several of the largest companies in the industry prepare to go public. In a brief statement released on Monday evening, OpenAI said it expected news of the confidential filing to leak, prompting it to announce the filing early. The company said it hasn’t decided when the highly anticipated IPO would take place, warning that quote “it may be a while because there are things we want to do that are likely easier as a private company.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Elon Musk Boosts Unsubstantiated Claims About LA Mayor Election As Spencer Pratt Drops To Third 08.06.2026 4λ

Elon Musk early on Monday boosted unsubstantiated claims questioning the results of the primary elections in California, focusing specifically on the Los Angeles Mayoral primary, as the progressive Democratic candidate Nithya Raman overtook Republican Spencer Pratt's vote count, putting her on track to join incumbent mayor Karen Bass in a runoff. According to the Associated Press, 83% of the votes have been tallied so far in the Mayoral primary and Raman has secured 27.1% of the vote, putting her narrowly ahead of Pratt, who has 26.7%. AP has already called the race for Bass, who is moving ahead to the runoff, where she will be joined by either Pratt or Raman. Pratt, a former reality star whose campaign borrowed President Donald Trump’s playbook and leaned on dissatisfaction over Bass’ handling of last year’s wildfires, was leading Raman when the first tranche of votes was released last Tuesday night. Learn more about your ad choices. Visit megaphone.fm/adchoices

Gautam Adani Becomes Asia’s Richest Billionaire As Net Worth Swells By $2 Billion 05.06.2026 4λ

Gautam Adani’s fortune increased by roughly $2.5 billion on Friday as shares rallied across his Adani Group subsidiaries, making him the richest person in Asia ahead of Mukesh Ambani, who briefly held the title. Adani’s net worth swelled to $89.2 billion, ranking him ahead of Ambani and SoftBank’s Masayoshi Son, who held the title of Asia’s richest before shares of the Japanese investment firm plunged on Thursday, according to Forbes’ Real-Time Billionaires list. A boost to Adani’s net worth followed a broader stock surge across companies under the umbrella of his Adani Group, including Adani Power (up 1.1%), Adani Ports (1.9%), Adani Enterprises (2.3%), Adani Green Energy (6.9%) and Adani Energy Solutions (3.8%). Learn more about your ad choices. Visit megaphone.fm/adchoices

Larry Ellison Becomes Third-Richest Man As Oracle Shares Hit Year’s High 03.06.2026 4λ

Oracle shares hit a 2026 intraday high Monday, extending a furious late-May rally that has recast the database pioneer as a marquee AI-infrastructure player and boosted the fortune of cofounder Larry Ellison, who holds roughly 40% of the company. Oracle traded as high as $233.72 Monday, after surging about 11% Friday to cap software's strongest month since 2001. The company has pivoted from a mature software vendor into a major player in the AI boom, renting compute power to the largest AI developers like OpenAI. Learn more about your ad choices. Visit megaphone.fm/adchoices

Knicks Finals Tickets Cost More Than Manhattan Rent, Mortgages, More 02.06.2026 4λ

he first NBA Finals appearance in decades for the New York Knicks comes with a hefty cost for fans, who will have to pay thousands of dollars for even the cheapest seats inside Madison Square Garden—rivaling the average monthly rent for a Manhattan apartment, the average price of an engagement ring and several transatlantic flights. The Knicks first host the San Antonio Spurs at Madison Square Garden on June 8 for Game 3, with the cheapest resale ticket priced at $4,247, before the get-in price drops slightly to $3,728 for Game 4 on June 10, according to TickPick. If the series extends to a Game 6, the cheapest price for a ticket to the late-series game rises to a Finals high of $4,917 for Game 6, according to TickPick. Learn more about your ad choices. Visit megaphone.fm/adchoices

Anthropic Confidentially Files For Its Highly Anticipated IPO 01.06.2026 3λ

Claude maker Anthropic has confidentially filed initial paperwork with the Securities and Exchange Commission, taking a step toward a potential initial public offering that could reportedly come as early as late 2026. The filing sets neither a share count nor a price. The move arrives just days after the company closed a $65 billion round that valued it at $965 billion—eclipsing rival OpenAI and cementing its status as the most valuable startup in artificial intelligence. Anthropic’s most recent round nearly tripled its valuation of $380 billion in roughly three months. Learn more about your ad choices. Visit megaphone.fm/adchoices

Rich Americans Are Collecting Citizenships As ‘Plan B’ In Uncertain Times 29.05.2026 4λ

Uber-rich Americans are collecting multiple residencies and citizenships for the same reason they diversify their stock portfolios—to hedge against risk in an unpredictable world, investment migration experts tell Forbes. The U.S. has replaced China as the largest market for clients seeking secondary or tertiary citizenships, Eric Major, CEO and chairman of the investment migration advisory firm Latitude World, told Forbes. Learn more about your ad choices. Visit megaphone.fm/adchoices

Memory Chip Maker Micron Joins The Trillion-Dollar Club 28.05.2026 4λ

UBS analysts raised their price target more than threefold to $1,625, implying a potential valuation of close to $1.8 trillion for the company in the next 12 months. The upgrade was the highest target of any of the 46 Wall Street firms covering Micron, well above the consensus price target of $684.32, per FactSet data Micron is up 177% this year and has surged more than 800% over the past 12 months, making it one of the best-performing stocks in the S&P 500 this year. Learn more about your ad choices. Visit megaphone.fm/adchoices

Ferrari’s First EV Divides The Internet: Here’s Why Sports Car Fans Hate The Luce 27.05.2026 3λ

The unveiling of a new electric supercar from Ferrari sharply divided the internet Tuesday morning as traditionalists decried the design as “an Apple product on wheels” and supporters praised the luxury brand’s bold attempt at a reinvention. Ferrari's unveiling of the Luce—a $640,000 speedster and its first ever electric model—sent shares down around 6% Tuesday morning as the brand’s fans slammed the new model as an abandonment of its identity, specifically noting its aggressive styling. The car was designed in collaboration with former Apple designer Jony Ive and his business partner Marc Newson, who are credited with designing the Apple Watch, and the pair brought a distinctive Silicon Valley style to the Luce. Learn more about your ad choices. Visit megaphone.fm/adchoices

U.S. Will Invest $2 Billion In Quantum Computing Firms And Take Equity 22.05.2026 4λ

The U.S. will invest $2 billion in grant funding in return for equity stakes in nine quantum computing companies, the Wall Street Journal first reported citing the Commerce Department, including a $1 billion grant for IBM as the Trump administration’s push to take equity stakes in tech and industrial manufacturers continues. Legacy tech firm IBM is expected to receive the largest grant, worth about $1 billion, which it will use alongside $1 billion of its own funds to build a quantum chip foundry to build the specialized semiconductors necessary to power quantum computers in the U.S., the company announced in a separate press release on Thursday. Learn more about your ad choices. Visit megaphone.fm/adchoices

Elon Musk’s SpaceX Files For Highly Anticipated IPO 21.05.2026 3λ

Elon Musk’s SpaceX confirmed in a Wednesday filing with the Securities and Exchange Commission it will take the company public, a multi-trillion-dollar move that could potentially turn Musk into the world’s first trillionaire. Spacex’s IPO valuation could reach between $1.75 trillion and $2 trillion, according to multiple reports, which would best the previous all-time IPO valuation record of $1.7 trillion set by Saudi Aramco in 2019. Learn more about your ad choices. Visit megaphone.fm/adchoices

SpaceX Could Face ‘Musk Effect’ With Major Risks After IPO 20.05.2026 4λ

Details of SpaceX’s IPO are expected to be made public this week as it accelerates plans for a stock debut that will likely make CEO Elon Musk the world’s first trillionaire, but one analyst warned that trading may be volatile as the stock faces “substantial” downside risks. SpaceX, which filed confidential initial public offering registration with the Securities and Exchange Commission in April, will likely make public its paperwork—offering insight into the firm’s operations and finances—this week as it plans for a June 12 debut on the Nasdaq, the Wall Street Journal reported, citing people familiar with the matter. Some have expressed concerns about SpaceX’s stock listing, including PitchBook analyst Franco Granda, who wrote in March that SpaceX may act like Tesla’s stock “on steroids,” suggesting trading volatility. Learn more about your ad choices. Visit megaphone.fm/adchoices

Jury Dismisses Elon Musk's OpenAI Lawsuit Over Missed Deadline, But His Lawyer Promises Appeal 19.05.2026 3λ

A jury declared Elon Musk filed his lawsuit against OpenAI and Sam Altman too late in a Monday afternoon verdict, finding the defendants not liable for any of the claims and ending a dramatic court showdown between two of the AI industry’s leading billionaires—at least for now, as a Musk lawyer says he plans to appeal. Musk filed a lawsuit against Altman and OpenAI in 2024, alleging Altman reneged on an initial promise to operate the AI company as a nonprofit for the public good, making claims of unjust enrichment and breach of charitable trust. Musk’s claims, though, were subject to three-year statutes of limitations, and the jury ruled Monday after two hours of deliberation that he had missed the deadlines to file his lawsuit. Learn more about your ad choices. Visit megaphone.fm/adchoices

Trump Gets $1.8 Billion Payday With ‘Anti-Weaponization’ Fund As He Drops IRS Case 18.05.2026 4λ

President Donald Trump voluntarily dropped his $10 billion lawsuit against the IRS on Monday in exchange for a $1.8 billion “anti-weaponization” fund that is expected to pay out money to Jan. 6 rioters, a broadly controversial move that’s already drawn widespread outrage from Democrats and ethics experts. Learn more about your ad choices. Visit megaphone.fm/adchoices