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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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Luis von Ahn, who grew up with little money in Guatemala, aims to transform the popular language-learning app into an automated AI tutor. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
With Donald Trump’s support for Florida’s pro-pot Amendment 3 and the expected federal rescheduling of marijuana, here’s why the GOP finally jumped on the weed bandwagon. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Forbes uncovers a dozen new billionaire builders whose fortunes have jumped on the homebuilding industry’s high prices and high interest rates. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Plenty of rich people have blown fortunes on politics. But no other American has used politics to create as much personal wealth as the 45th president, who left office with a new asset — throngs of people willing to buy almost anything from him, at virtually any price. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Yet-Ming Chiang’s research on materials science might seem esoteric. But he’s used it to build an array of companies in areas like batteries, green cement and critical minerals that could really help mitigate the climate crisis. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Despite a near decade-long ban on the sale of “metaphysical services,” the $6 billion arts and crafts e-commerce platform hosts thousands of spells promising everything from untold wealth to cures for chronic depression — modern day snake oil sold as “entertainment.” See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Walter Kortschak, who made his fortune from 40 years of technology bets, opens up about his investing failures and triumphs—and why it’s dangerous to get swept up in AI’s “mass hysteria.” See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
BAC Consulting and its CEO don’t seem to have any background in electronics manufacturing. How did they end up involved in the Israel-Hezbollah war? See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The richest woman in Russia left her husband in April and quietly gave away a third of her company, Wildberries, in a surprising merger in July. Now two people are dead. Here’s the inside story of what may have led to the tragedy. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
With World Liberty Financial, Donald Trump and his sons promise a new decentralized lending platform—but a closer look reveals recycled ideas and glaring red flags. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
With SpaceX and NASA as partners, Axiom pioneered commercial space flight to the International Space Station. Its next act was to be a commercial space station of its own. But missteps, dire financials and delays have sent it spiraling out of trajectory. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Forbes screened more than 800 U.S. locales for everything from climate risk to crime to doctor availability. Those that made the cut were compared on leisure offerings—from the arts, fine dining and learning to hiking, skiing, watersports and golf. Here are the top 25. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Amazon’s turning to TikTok to tap into social, and TikTok’s turning to Amazon to strengthen its burgeoning e-commerce business. Insiders say that these “frenemies” locking arms could help thwart a ban. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Creating a hit series like South Park, Law & Order or The Big Bang Theory is worth a fortune, but a new breed of producers is still getting rich in a fractured television economy by creating shows that are born to re-run. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The Irvine Police Department paid extra for an early edition of the Cybertruck that it plans to use for community outreach around its anti-drug program, according to documents obtained by Forbes. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
With billions at stake for its upcoming media rights deal, the Las Vegas-based fight promotion is creating its biggest spectacle yet. An exclusive look at the knockout production. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The former president pocketed $127 million when he sold his D.C. hotel in 2022. To close that deal, he had to lend the buyer a chunk of money that he may never get back. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Light & Wonder has been on a massive winning streak, with $2.9 billion in revenue last year and a stock price that’s up nearly 450% over the past five years. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
A marked increase in non-subscription revenue resulted in a fat payout for the platform’s sole owner Leonid Radvinsky. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Takaya Awata parlayed a tiny local diner into quick-service giant Toridoll Holdings. Now he wants to taste global success. 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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