6+ day, 7+ hour ago (199+ words) Ty Roush is a New York City-based breaking news reporter who frequently covers Russia's invasion of Ukraine, the automotive industry and sports money. He joined Forbes in 2022 and has covered Exxon acquiring Pioneer for nearly $60 billion, a mysterious respiratory illness affecting dogs across the U.S. and the challenges against transgender health care. Before joining Forbes, he covered the Black Mountain, North Carolina community for the Asheville Citizen Times. Ty earned his bachelor's degree in journalism from Auburn University and his master's degree in journalism from Northwestern University. Email him at [email protected]. Larry Page Becomes No. 2 Richest'Bumping Larry Ellison'As Alphabet Shares Rally Google cofounder Larry Page passed Oracle's Larry Ellison on Monday to become the world's second-richest person, as parent firm Alphabet's stock continued a weekslong rally fueled by AI momentum. Shares of Alphabet advanced 5.8% to around $317 as trading opened Monday, following…...

5+ day, 2+ hour ago (145+ words) Sergey Brin bumped Oracle's Larry Ellison on Tuesday to become the world's third-richest person, ranking behind fellow Google cofounder Larry Page, as parent firm Alphabet's stock has rallied in recent weeks on optimism for its AI business. Shares of Alphabet rose 2.2% to around $325.75 shortly after trading opened Tuesday, after a 6.3% jump on Monday and a more than 75% surge since hitting a low below $188 in August. Oracle's shares dropped by more than 4.6% to around $191, adding to an 11% drop over the last week for the stock. The latest bump for Alphabet followed a report late Monday that Meta is considering using Google's AI chips for its data centers and cloud infrastructure, according to The Information, challenging demand for Nvidia's chips. Neither Meta nor Google immediately responded to requests for comment from Forbes....

5+ day, 7+ hour ago (145+ words) Sergey Brin bumped Oracle's Larry Ellison on Tuesday to become the world's third-richest person, ranking behind fellow Google cofounder Larry Page, as parent firm Alphabet's stock has rallied in recent weeks on optimism for its AI business. Shares of Alphabet rose 2.2% to around $325.75 shortly after trading opened Tuesday, after a 6.3% jump on Monday and a more than 75% surge since hitting a low below $188 in August. Oracle's shares dropped by more than 4.6% to around $191, adding to an 11% drop over the last week for the stock. The latest bump for Alphabet followed a report late Monday that Meta is considering using Google's AI chips for its data centers and cloud infrastructure, according to The Information, challenging demand for Nvidia's chips. Neither Meta nor Google immediately responded to requests for comment from Forbes....

3+ week, 3+ day ago (204+ words) New York, NY " November 6, 2025 " Forbes is set to host its 11th annual CIO Summit on November 18 in New York. The exclusive event will convene the world's most influential CIOs and technology leaders to cut through the noise, decode what's real, and map out actionable strategies for turning next-gen tech into next-level results in today's rapidly evolving technological landscape. "Technology is evolving at an unprecedented pace, pushing exceptional CIOs to navigate both enormous opportunities and complex risks," said Alex Knapp, Senior Editor, Forbes. "This summit brings together the world's top technology leaders to share strategies, decode the hype, and drive meaningful business impact." The CIO Summit is part of Forbes' broader portfolio of initiatives that highlight leadership and influence across industries, including the Forbes CIO Next list, which recognizes the technology leaders who are shaping the future of business in an era…...

1+ week, 5+ day ago (358+ words) Have you dreamed of being on the Forbes Under 30 list? If so, don't miss this live discussion and audience Q&A Wednesday, December 3 at 12pm ET with our U30 editors Steven Bertoni, Alexandra York and Zoya Hasan. They'll share exclusive tips and insights on how to make this coveted list, dig into how we curate it, who we're looking for, and highlight some of its most successful'and notorious'alums from the worlds of tech, Hollywood, venture capital, social media and more. Discover What It Takes To Make The List Have you dreamed of being on the Forbes Under 30 list? If so, don't miss this live discussion and audience Q&A Wednesday, December 3 at 12pm ET with our U30 editors Steven Bertoni, Alexandra York and Zoya Hasan. They'll share exclusive tips and insights on how to make this coveted list, dig into how we curate it,…...

3+ week, 4+ day ago (336+ words) This story is part of Forbes" coverage of China"s Richest 2025. See the full list here. China"s stock markets have been on a roll, fueled by the AI boom and hopes of more stimulus measures by the government to combat a sluggish economy and the fallout of a trade war with the U.S. The benchmark CSI 300 index climbed 15% since we last measured fortunes, boosting the collective wealth of China"s 100 richest to $1.35 trillion from $1.03 trillion last year. Two-thirds of those on the list are wealthier in this round, including Zhong Shanshan, founder of Nongfu Spring, who remains at No. 1 for the fifth year in a row. The biggest gainer in dollar terms, Zhong saw his wealth expand by $26.3 billion to $77.1 billion as the water and beverage giant reported double-digit growth in both net profit and revenue for the first six…...

2+ week, 3+ day ago (591+ words) Kim Kardashian is wealthier than she's ever been. And despite her family name, it's largely thanks to her growing apparel company, Skims. The company is valued at $5 billion after a recent $225 million funding round, bringing Kardashian's fortune to $1.9 billion. The brand has seen brick-and-mortar success after launching online in 2019, and recently launched an activewear collaboration with Nike. Kardashian has made most of her money from Skims, owning an estimated one-third of the firm after Wednesday's funding round. "I do everything from all the design to pick out all the campaigns," Kardashian said recently. "That's my daily job." In a new lawsuit, Google is seeking to dismantle China-based software service Lighthouse, which allegedly enabled the creation of fraudulent USPS and E-ZPass text messages targeting U.S. users. The tech giant accused 25 unidentified individuals and entities linked to the platform of running a racketeering…...

4+ day, 2+ hour ago (250+ words) Wall Street pulled back on bearish takes for Oracle, boosting the company's stock and founder Larry Ellison's spot as the world's third-richest person ahead of Google cofounder Sergey Brin, as the markets continue to re-order the perceived winners in the AI race. Shares of Oracle rose more than 4% to around $205 as of Wednesday afternoon, marking a slight rebound for the stock after declining 35% from a high of $287 on Oct. 27 to a low of just over $185 on Tuesday. Alphabet's shares traded down 1.4% to around $319, ending a 13% rally for the Google parent since Friday. The jostling for position among the richest in the world comes as the market has moved approvingly for Alphabet's AI strategy, while cooling on many others, including Oracle's and Microsoft's (Brin's Google cofounder, Larry Page, remains at No. 2 after supplanting Ellison and Microsoft founder Bill Gates). An advancement…...

1+ week, 3+ day ago (233+ words) The ultra wealthy held up the global luxury goods market this year despite global economic and political uncertainties, and have shifted their spending away from traditional luxury goods and more toward high-end experiences like vacations and fine dining, a new report shows. Global spending across the luxury industry is set to reach $1.66 trillion by the end of the year, a study from Bain & Company and Altaggamma shows, steady with last year despite a shrinking customer base and less spending from so-called "aspirational," or lower-net-worth, shoppers. The year so far has seen a "tectonic shift'in luxury spending as shoppers splurge on experiences like hospitality cruises, high-end hotel stays, yachts, private jets and fine dining, and spend less in the traditional spaces of luxury cars, fine art and leather goods. Spending on luxury cruises rose 12% this year over 2024 at a constant exchange…...

3+ week, 4+ day ago (185+ words) This story is part of Forbes" coverage of China"s Richest 2025. See the full list here. One of the biggest gainers this year is former computer science researcher Chen Tianshi, whose wealth nearly tripled to $21 billion on skyrocketing shares of his Shanghai-listed AI chipmaker Cambricon Technologies. Dubbed the Nvidia of China, its clients include companies in sectors such as banking and telecoms. Cambricon"s chips are powerful enough to train and support AI models, including those developed by Alibaba, DeepSeek and Tencent, which are pivoting to local alternatives amid U.S. restrictions on exports of advanced semiconductors to China. For the first six months of 2025, the company reported its first-ever, half-year profit'of 1 billion yuan ($140 million)'since its 2020 IPO as revenue soared over 4,300% year-on-year to 2.9 billion yuan. The 40-year-old chairman and CEO, who has a Ph.D. in computer science from the University of…...