Indian billionaire Gautam Adani built his fortune in the commodities and infrastructure sectors, but it's a boost to its renewable energy company that took his net worth past the $100 billion mark this week. We're also covering the logistic challenges facing Russian oil traders, and the return of the mask mandate in at least one American city. Finally, we unveil this year's Midas List of the world's top venture capitalist, with Chris Dixon taking the top spot.
The U.S. State Department ordered non-emergency consulate staffers to leave Shanghai, as local authorities eased some lockdown restrictions meant to curb China's worst Covid-19 outbreak.
The U.S. and the U.K. are investigating the possible use of chemical weapons by the Russian military in the besieged city of Mariupol after Ukraine's far-right Azov militia alleged a poisonous substance targeted Ukrainian troops.
After a meteoric rise in his net worth over the past two years, Indian infrastructure tycoon Gautam Adani has become the world's newest centi-billionaire, joining an elite group of just eight other business moguls.
Sanctions, bans and voluntary embargoes have drastically reduced demand for Russian oil shipments to its usual destinations. Finding new buyers isn't really an issue—figuring out the logistics of new trade routes is the biggest challenge.
The four-day Bitcoin 2022 conference in Miami left attendees feeling extra bullish about the future of cryptocurrency. But on Monday, bitcoin and other cryptocurrencies like ether, solana and cardano, were all crashing down.
Had Elon Musk decided to join Twitter's board of directors, he would not have been able to buy more than a 14.9% share of the company. By rejecting a seat, the world's richest person could lead a hostile takeover instead.
Blackmagic Design's Grant Petty turned the chip on his shoulder about Hollywood's tech elite into one of the most innovative manufacturers of inexpensive filmmaking equipment. Thanks to the pandemic, a contempt for outsourcing and an army of YouTubers, his business is booming.
The Andreessen Horowitz partner is the new no. 1 on Forbes' 21st annual Midas List of top venture investors, thanks to savvy bets on tokens, NFTs and cryptocurrency exchange Coinbase. In fact, a dozen members of this year's Midas List count Coinbase as one of their banner investments, third most of any company. For the rest of the Midas top 100, bios, analysis and more, please visit forbes.com/midas.
With economic challenges such as a widening income gap, high gas prices and rising inflation in mind, President Joe Biden recently presented a twofold plan for extremely wealthy Americans to pay more in taxes.