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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.
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San Francisco-based Checkr, which got its start running criminal record checks on Uber drivers and gig workers, has seen its gross revenue jump 14% to $800 million as companies try to spot a flood of AI-generated CVs and faked financial documents. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Despite a boon from Trump's "big, beautiful bill,” billionaires faced higher prices last year for everything from racehorses to private jets to caviar. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Brian Lian founded publicly traded Viking Therapeutics to focus on metabolic diseases. With obesity drugs in development and the GLP-1 space booming, it’s now a prime M&A target for giants jostling for their share of a potential $100 billion market. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Former SpaceX propulsion CTO Thomas Mueller’s space startup reached unicorn status this year thanks to $525 million in funding since 2021. It’s just one of 141 other startups founded by SpaceX alumni. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Trump backer and hedge fund billionaire Paul Singer is getting credit for his prescient $6 billion bet on oil refiner CITGO. Others set to cash in on the deal include Goldman Sachs alums, oil tycoons and private equity billionaires. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The electric carmaker’s 6.7% global sales drop last year shows it used just 70% of its plant capacity — a level comparable to traditional auto rivals. Things could get worse in 2026. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Deposing Latin America’s foremost dictator seems to have lifted the prices of the president’s crypto-tied assets. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Sisters Terry Leprino and Gina Vecchiarelli are the newly minted billionaires behind the $3.6 billion dairy empire founded by their grandfather, as Dan Vecchiarelli has taken over as chairman. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The gap between the planet’s two wealthiest people has never been larger heading into the New Year. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Amid the worst market for chemicals in 20 years, Michelin-starred restaurant owner and commodities trader Ignacio Torras says his Houston-based Tricon Energy is having the best year ever. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The number of billionaires aged 39 or younger who built their own fortunes has soared amid the AI boom, tying the all-time record set in 2021. These are the 40 wealthiest. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
A bold pivot to country music led to the most successful concert tour in the genre’s history and helped Cowboy Carter lasso a 10-figure fortune—becoming just the fifth musician to do so. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Messy lawsuits, tumbling stock prices, inappropriate workplace relationships and Jeffrey Epstein fallouts can cause even the brightest careers to fall. Our annual list of career crashes illustrates how even the mightiest can fall. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Abel Avellan is taking on SpaceX and Jeff Bezos’ Project Kuiper in the battle to provide broadband satellite internet directly to your smartphone. 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.
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