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.
In 2000, internet darling Cisco was the world's most valuable company. Today it's worth half as much. AI juggernauts like Nvidia and Palantir are driving the tech-bloated S&P 500 today. Buyer beware. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
As resentment of the rich and powerful surges, billionaires and CEOs are using everything from secret trackers to full security squads to protect themselves and their families. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The convicted sex offender was worth nearly $600 million at his death, thanks mostly to two wealthy billionaire clients—plus generous tax breaks. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
We'll be going on a brief news hiatus for the next week or so, but we will still be delivering daily briefings. From now until January, you'll be able to hear some of our greatest hits of 2025, from our best feature content to our most successful entrepreneurship stories from the past year. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Jack Link's $4 billion family-owned business is the largest manufacturer of jerky in the world, selling 800 million packages of meat snacks and other products a year. But the company namesake and his son are still hungry for more. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Radio personality Charlamagne Tha God recently signed a $200 million deal with iHeartMedia. Now he has ambitious plans to turn his Black Effect network into the BET of podcasting. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Schools across the U.S. are rolling out AI-powered surveillance technology, including drones, facial recognition and even bathroom listening devices. But there's not much data to prove they keep kids safe. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Tech giants want to double A.I. electricity consumption in 5 years by enough to power more than 30 million homes. America can do it. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Only Warren Buffett and Bill Gates have given away more—and not nearly as fast. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Beginning in late 2026, the company will add an array of hardware and software enhancements to its midsize model for autonomous driving. Next up: Robotaxis? See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The world's richest person just hit another major milestone thanks to the soaring valuation of his rocket maker SpaceX. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
If the streaming giant completes its Warner Bros. purchase, Bela Bajaria is poised to become Hollywood's most powerful woman. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
New billionaire Jyoti Bansal left Delhi with a few hundred dollars and built two billion-dollar companies, including Harness, which just raised $240 million at a huge valuation. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Founded just two years ago by second-time founders, Decagon's AI agents are used by more than 100 companies to handle customer service tasks. But can the young, hungry team keep up with well-resourced incumbents? See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The former New York City mayor, a longtime backer of historically Black colleges and universities, has a new initiative to support young Black students. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
In a year marked by setbacks for female employment and advancement opportunities, the World's 100 Most Powerful Women managed to exert their power — on philanthropy, AI, finance and entertainment. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
A look behind the statistics of the 2026 Under 30 List—from $3.8 billion in funding to 200 million fans online. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
There's a new No. 2 on Forbes' ranking of the world's wealthiest people. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Founded by former Thiel fellows, AI language tutoring app Speak started its journey in Seoul, South Korea. But as it enters the U.S. market, it'll have to compete with better-known rivals like Duolingo. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
It took more than fame for Donald Trump and his sons to build a crypto empire. They got a lot of help from industry insiders, many of whom happened to need a hand from the president. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
On the brink of insolvency five years ago, the team is now dominating on the Formula 1 track—and, under the leadership of CEO Zak Brown, building up its sponsorships to rival Ferrari and Mercedes. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
With investors racing to get into F1, the ten teams on the grid are now worth $3.6 billion on average, and the leaders of the pack even outpace some NFL and NBA franchises. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The billionaire CEO claims the new steering wheel-less, pedal-less Cybercab goes into production in April. But Tesla doesn't have a regulatory exemption needed to sell it — it hasn't even applied for it. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The three 22-year-old cofounders of Mercor became billionaires last month. Now workers say they canned an AI project that involved thousands of contractors, then offered to rehire workers at a lower hourly rate. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Paul Kelly's family farm in England has been selling $500 heirloom turkeys for two generations. Now, after a decade breeding them in Virginia, KellyBronze birds are looking to gobble up America's Thanksgiving market. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Influenced by effective altruist ideas, former journalist and wife of Facebook cofounder Dustin Moskovitz, Cari Tuna funded pandemic preparedness efforts long before Covid-19 and steered millions into AI safety research years before the launch of ChatGPT. Here's what's next. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Donald Trump has had business dealings with the Saudis for decades. The big money arrived after he became president. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Bob Rich's frozen food business was so successful that he bought the first naming rights to an NFL Stadium in 1973. With the Buffalo Bills' home set to be demolished after this season, his son, Bob Jr. looks back on the cold realities of running a $5.8 billion family business. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
President Donald Trump “knew about the girls” and “spent hours” with one of Jeffrey Epstein's victims at the financier's home, Epstein alleged in one of many newly released emails between 2011 and 2019 —which the White House blasts as all part of the Epstein “hoax”—the latest documentation of a connection between the two men that stretches back decades. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
From an AI-fueled stock rally to record-high gold, the signs are stacking up that nearly every asset class is due for a reckoning. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Some back-of-napkin math suggests OpenAI is spending more than a quarter of what it's making to power its AI slop factory. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Donald and Stefan Brodie built a resin manufacturing business, then sold it for billions, but are still dogged by a criminal conviction over two decades ago. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The latest departures, days after shareholders backed Elon Musk's $1 trillion pay package, follow the loss of top sales, battery, robotics and chip executives this year. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
OpenAI has gone wild with compute deals this year, committing to spend far more than its balance sheet can currently sustain. So who takes the fall if it can't pay? It won't be Altman. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Big funds, advisory firms and the Pope opposed the exorbitant plan. Approval means shareholders think the polarizing, distracted CEO can top past successes with a risky AI-powered strategy. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Russell Vought's dismantling of the Consumer Financial Protection Bureau is putting the public at risk in areas ranging from auto loans and digital payments to credit cards and credit reports. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The company behind the world's fourth largest crypto is reinventing itself as a conglomerate. Two of Wall Street's savviest firms, Fortress and Citadel Securities, are backing it. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Startup Leo Cancer Care is transforming proton radiation treatment with a simple idea: having patients sit up instead of lying down. Now hospitals that include Stanford and McLaren are lining up to buy dozens of machines. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Strong ad sales have propelled Steve Huffman into the billionaire ranks. Now he's charting a new course, aiming to become invaluable to AI companies. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Six of the ten richest people on the planet saw their rankings rise or fall on the Forbes billionaires list in a wild October for the world's wealthiest. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
At least 26 billionaires have spent millions trying to stop Mamdani from becoming New York's next mayor on Tuesday. More surprising are the two billionaires who stepped up to support the frontrunner. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
With a new $10 billion valuation for their AI recruiting startup Mercor, the founders have become the youngest self-made tech billionaires ever, beating out Mark Zuckerberg who debuted at age 23 two decades ago. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Explosive growth in AI investments is fueling Wall Street's biggest rally in years. Forbes' expert contributors explore whether investors are riding a rising wave or risking an AI wipeout. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Expect some surprises when Open Enrollment for health care coverage through the ACA Marketplaces begins. Premiums are going up and the enhanced premium tax credits that help Americans afford health care coverage are scheduled to expire. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The crash of the NFT market led OpenSea to fire more than half of its staff. But the startup has reinvented itself into a place for buying and selling all tokens, including memecoins, and trading volume is surging once again. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
After the company's majority owners offered to buyout the minority shareholders in a deal valuing the LGBTQ dating app at $3.5 billion, its stock surged over 18% last week. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
From the wealthiest owners to groundbreaking players to innovative executives, meet the sports world's 25 most dynamic game-changers. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The president has already made hundreds of millions abroad, much of it stemming from a single Middle Eastern nation. His most lucrative foreign deal may be about to begin. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The Fanjul family has been wooing politicians for decades, but their bet on the Trump administration is their best yet, after the president added tariffs for foreign competitors and pushed Coca-Cola to use its cane sugar to make American soda great again. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Mamdani says billionaires shouldn't exist. Some of them have put their fortunes to work trying to stop him from leading America's largest city. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Pro basketball's 30 franchises are all soaring high above the rim—worth $5.4 billion on average, thanks to record sales of the Lakers and Celtics—but no one is scoring quite like one $11 billion team. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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