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.
Sherrese Clarke, founder and CEO of HarbourView Equity Partners, has turned the music catalogs of top artists—including Bruno Mars, Nelly, and Justin Bieber—into lucrative alternative assets. Now she's doing the same for film, television and sports. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Dozens of nations at the Milan Cortina Games promised their athletes cash for podium finishes, but one country's success puts it in a league of its own financially. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The Victoria's Secret billionaire, who is named as a co-conspirator in a 2019 FBI document, faced members of congress last week. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The second BLK 50 list features the most powerful and wealthiest Black Americans in alternative investments and introduces two new billionaires. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Crispr's ability to cut genetic code like scissors has just started to turn into medicines. Now, gene editing pioneer Jennifer Doudna wants to build an entire ecosystem to bring these treatments mainstream. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Empty land, cheap natural gas and energy-hungry data centers drew Nate Franklin to dream up an 8,400-acre power complex in West Texas. Now all he needs is the $12 billion to build it and the hyperscalers—and he likes his odds. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Chicago's United Center will begin selling THC beverages from Señorita and Rythm this month. But with an existential crisis facing the $28 billion hemp industry, CEO Ben Kovler remains bullish on weed's cannabis cousin in drinks. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
America is entering a new nuclear age without a plan for the waste it creates. Stafford Sheehan's new startup is working with the government to turn it into “unlimited energy” and challenge the incumbents controlled by the governments of France, Russia and China. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Former Israel prime minister Ehud Barak helped the convicted sex trafficker quietly invest $1 million in a police tech startup in 2015. Its founder said the company, which is set to be acquired by Axon for $625 million, wasn't aware of Epstein's involvement. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
As her organic children's food company's begins trading on the New York Stock Exchange, the actress-turned-entrepreneur remains hungry for even more success: “We are shaping the future of food.” See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Influencer marketing has helped AI video company Higgsfield hit $300 million in annual revenue run rate in just eleven months. But misleading marketing tactics and a social media strategy based on shock has led to backlash among creators. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
For several years, Lugano Diamonds was considered a jewel in Compass' investment portfolio. Then came lawsuits, allegations of fraud and theft, restated financials, a bankruptcy filing and a hurried sale. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Milo's sweet tea was first served 80 years ago at a burger counter in Alabama. Third-generation CEO Tricia Wallwork has grown her family's beverage business tenfold by thinking outside the jug. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Billionaire Ron Carson pulled himself out of poverty by building a $55 billion financial advisory giant and teaching other advisors to scale like him. Now, thanks to his own personal coaches, he's changed his name to Omani and found joy. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
As executor of her late brother's estate, Jody Allen led Seattle to its second title. NFL rules, however, may cut short the celebration by forcing the team to hit the market. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Kailera jumped the weight loss miracle-drug line by licensing four clinical-stage obesity therapies from China, which is quickly emerging as a powerhouse pharmaceutical R&D center. After all, why spend millions trying to develop novel medications in the U.S. when Chinese firms have probably already done it for you? See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Autonomous speedboat designer Saronic aims to use its fat warchest to build America's largest shipyard and help the US to once again dominate commercial and military shipbuilding. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The Rivian founder and CEO expects the small SUV R2, priced from $45,000, to be fully competitive with Tesla's top-selling Model Y when sales begin early next year. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Daniella Pierson has cozied up to everyone from Diane von Furstenberg to Selena Gomez, burnishing her image as her businesses unraveled. A case study in how hubris is bad for business. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
President Trump just had the most lucrative year of his life. But percentage-wise, members of his immediate family, including sons Eric, Don Jr. and Barron, did even better. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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.
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