Daniel Yu Founder Of Wasoko Speaks With Kristin Stoller On VC Funding and Rapid Growth | Forbes
Daniel Yu Founder Of Wasoko Speaks With Kristin Stoller On VC Funding and Rapid Growth | Forbes
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How Tipping Became An Inescapable Part Of So Many Transactions You're Making
How Tipping Became An Inescapable Part Of So Many Transactions You're Making
19
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Isaac Hayes III Built A Social Media App For The Future Of TV – Microcasting. Here’s His Plan
Isaac Hayes III Built A Social Media App For The Future Of TV – Microcasting. Here’s His Plan
18
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This Entrepreneur Did His Homework On Airport Restaurants. Next Came The Profits
This Entrepreneur Did His Homework On Airport Restaurants. Next Came The Profits
16
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How Staying Lean Helped Levi Conlow Build One Of The Most Profitable E-Bike Companies
How Staying Lean Helped Levi Conlow Build One Of The Most Profitable E-Bike Companies
12
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Charlot Magayi Emphasizes The Importance Of Networking Across Her Community | Forbes
Charlot Magayi Emphasizes The Importance Of Networking Across Her Community | Forbes
11
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James Zhang On The Success Of Jambo And How He Hopes To Expand | Forbes
James Zhang On The Success Of Jambo And How He Hopes To Expand | Forbes
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Julius Mwale Gives Advice To Investors Seeking Growth In Africa | Forbes
Julius Mwale Gives Advice To Investors Seeking Growth In Africa | Forbes
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Botswana's President Mokgweetsi Masisi Is Building African Entrepreneurs and Innovation | Forbes
Botswana's President Mokgweetsi Masisi Is Building African Entrepreneurs and Innovation | Forbes
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Sarah Kunst Reveals Winning Strategies For Fundraising And Launching A Thriving VC Fund
Sarah Kunst, founder and managing director of Cleo Capital, joins "Forbes Talks" at the 30 Under 30 Summit in Cleveland to offer strategic advice on launching a venture capital firm.
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Under 30 Summit Africa 2024
The world’s most elite young entrepreneurs and game-changers will again convene in one of the world’s most beautiful countries, Botswana.
We’ll harness the power of entrepreneurial capitalism amid the continent whose growth will help define the 21st century. As with every Under 30 Summit, the social and cultural opportunities will be world-class. You’ll hear from government, venture capital and business role models, providing inspiration for the newest—and next—generation of leaders. We will welcome local performers, chefs and entrepreneurs, allowing us to experience the sounds, cuisine and staples of local culture while engaging in unbeatable networking and pitching opportunities.
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16
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“Pull From The Child Within”_ Fearless Fund CEO On How To Stay Resilient As A Founder
Fearless Founder CEO and Cofounder Arian Simone sat down with Forbes Reporter Rosemarie Miller to talk about how a judge blocked the VC from providing funds to black entrepreneurs and how she remains resilient in the face of challenges.
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“You Have To Build Something That’s Sustainable Long-Term”_ Daring CEO On Maintaining Success
30 Under 30 Alum and Daring CEO Ross Mackay sat down with Forbes Reporter Brittany Lewis at the 30 Under 30 conference in Cleveland to talk about the challenges of building a plant-based brand, finding early success and how his team stays motivated to continue the work.
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10
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“Build Out Loud”_ Midday Squares Cofounder On How To Build A Brand That Will Attract Investor
The secret ingredient in Karls' vegan chocolate brand, Mid-Day Squares, is viral content.
"We document and show everything--the good, the bad, the ugly of building this business," Jake Karls says. He calls this building out loud.
Karls sat down with Forbes Reporter Zoya Hasan at the Forbes 30 Under 30 Conference in Cleveland to talk about his unique approach to using viral content and the challenges of growing a company that relies on physical infrastructure.
Read more on Forbes: https://www.forbes.com/sites/chloesorvino/2022/11/29/mid-day-squares-jake-karls-wants-to-take-a-bite-out-of-the-candy-aisle/?sh=61cb5ac978ae
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37
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Actress Lexi Underwood On Taking A _Leap Of Faith_ And Building A Production Company
Actress, Producer and Changemaker Lexi Underwood sat down with Forbes Reporter Rosemarie Miller to talk about the “contact sport” of being an artist, taking a leap of faith to build her production company and how mentors like Meagan Good helped her along the way.
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14
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Berner On How Music Has Amplified His Cannabis Business
Rapper and Entrepreneur Berner sat down with Forbes Assistant Managing Editor Diane Brady to talk about how his music has helped promote his edibles business Cookies, how to navigate the patchwork of laws surrounding cannabis and why the second shot at life is often better than the first.
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19
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Comedian Matt Rife Shares The Best Advice Dave Chappelle Has Given Him
Comedian and Actor Matt Rife sat down with Forbes Reporter Rosemarie Miller at the Forbes 30 Under 30 Summit in Cleveland to discuss his days of performing standup in Columbus, what it's like having Dave Chappelle as a friend and what he would have done if comedy hadn't worked out.
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26
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How WNBA Champion Renee Montgomery Became A CoOwner Of The Atlanta Dream
Renee Montgomery, 2x WNBA Champion and Co-Owner & VP, Atlanta Dream, seat down with Forbes Reporter Rosemarie Miller at the Forbes Under 30 Conference in Cleveland to talk about how she got her 'yes' to become a coowner of the Atlanta Dream, and reputation is important in business.
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20
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Impossible Foods CEO On Expanding The Plant-Based Category
Impossible Foods CEO Peter McGuinness sat down with Forbes Assistant Managing Editor Diane Brady to talk about opening up the plant-based foods brand to a wider audience and what it takes to lead a company through the good and the bad.
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Parade Founder Cami Tellez On The _Spirit Of Defiance_ She Sees In Young Entrepreneurs
Cami Tellez, the CEO and founder of clothing brand Parade, sat down with Forbes reporter Alex York at the 30 Under 30 Summit in Cleveland to talk about her approach to marketing, how she founded a business so young and the "spirit oF defiance" she sees in young entrepreneurs.
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10
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America’s Richest Sports Team Owners 2023
When Jerry Jones bought the Dallas Cowboys in 1989, he spent $150 million on a franchise then-considered to be a financial mess. “I didn't sleep,” he told Forbes of that time of his life. But the gamble paid off. Jones turned around America’s Team, won three Super Bowls and transformed the Cowboys into the most valuable sports franchise on the planet, worth an estimated $9 billion.
In 2004, the team also made Jones a billionaire, ten years after he first appeared on The Forbes 400, which ranks the wealthiest Americans. The rapid appreciation of sports franchises— the average value of teams in the four major American leagues has risen nearly 1,300% from 1998 to 2022—has had a similar effect on several wealthy owners who bought in years ago, including the New England Patriots’ Robert Kraft and the Indianapolis Colts’ Jim Irsay. That’s unlikely to happen again.
Today, purchasing a controlling stake in these trophy assets is reserved for a select few—the richest of the ultra-rich. Take Rob Walton, the 78-year-old son of Walmart’s late cofounder, Sam Walton (d. 1992), who ranks 13th on The Forbes 400 with an estimated $67.4 billion, largely in Walmart stock. He flexed his purchasing power last year, outbidding several other multi-billionaires to pick up the Denver Broncos for $4.65 billion, then the highest price ever paid for a sports team.
Of America’ richest sports owners, 16 attribute more than 50% of their fortunes to sources beyond their teams. Leading the charge as the wealthiest owner, for the ninth consecutive year, is Los Angeles Clippers owner Steve Ballmer, No. 9 on The Forbes 400 with an estimated net worth of $101 billion. Like Walton, most of Ballmer’s fortune is tied up in the public markets, specifically Microsoft stock. The same goes for Rocket Companies founder and Cleveland Cavaliers owner Daniel Gilbert, No. 3 among sports owners with an estimated $21.3 billion fortune. The next-richest owners—David Tepper ($20.6 billion), who owns the Carolina Panthers and Charlotte FC, and Steve Cohen ($19.8 billion), who owns the New York Mets—built and continue to grow their wealth through their hedge funds.
And for as difficult as it is to buy a major sports team, it’s even harder to rank among the 20 richest owners. Mat Ishbia, the 43-year-old CEO of United Wholesale Mortgage who’s worth an estimated $6.7 billion, bought the Phoenix Suns earlier this year at a league-record $4 billion valuation. Over in the NFL, private equity billionaire Josh Harris, worth an estimated $6.9 billion, made a similar statement when he led the most expensive purchase in sports history this summer, buying the Washington Commanders for $6.05 billion. Yet both fall short of the $7.2 billion cutoff needed to be one of the 20 wealthiest people in an owner’s box.
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170
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Here’s How Much Ron DeSantis Is Worth
Even as his poll numbers stagnate and his political capital wanes, Ron DeSantis has seen one thing go right in 2023: His bank account balance keeps rising. Sitting at around $300,000 in 2021, a lucrative book deal made the Florida governor a millionaire by the end of last year. Today, he’s worth an estimated $1.5 million. Forbes reporter Kyle Mullins joins Brittany Lewis on "Forbes Talks" to discuss.
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72
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Michael Jordan And The New Members Of The Forbes 400
It got harder to make The Forbes 400 ranking of America’s richest people this year, with the minimum net worth required to make the list hitting a record-tying $2.9 billion. Yet, despite the high bar, 18 people amassed fortunes big enough to earn a spot among this elite group for the first time.
The most famous face to join the 400 this year: Michael Jordan, the first pro athlete ever to appear in these ranks. The basketball great earned some $90 million over his playing career, but it’s his off-court moves that land him among the wealthiest Americans. For decades he has gotten a cut of every Jordan-branded sneaker, shirt or sock Nike sells—enough to bring him $260 million in estimated (pretax) income over the past year alone. Big bucks have also come from the Charlotte Hornets. In August, Jordan sold a majority stake in the NBA team at a $3 billion valuation, 17 times what it was worth when he became lead owner in 2010.
The richest of all newcomers is Elisabeth DeLuca (worth an estimated $8.2 billion), widow of Subway founder Fred DeLuca (d. 2015). In August, private equity firm Roark Capital struck a deal to acquire the sandwich giant in a deal reported to be worth more than $9 billion—which could put an estimated $3.4 billion after taxes into the pockets of DeLuca, who inherited half the business upon her husband’s 2015 death, according to Forbes’ reporting.
The youngest newcomer this year is 38-year-old Josh Kushner. The son of real estate developer Charles Kushner and younger brother of Jared Kushner, who served as senior advisor to his father-in-law President Donald Trump, he’s the first member of his clan to make The Forbes 400. For that, he can thank Thrive Capital, the venture capital firm he founded in 2010 at age 25. An early backer of startups like Instagram, Spotify and Slack, Thrive raised $175 million in January at a $5.3 billion valuation.
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The Youngest Billionaires In America 2023
It’s hard to make the ranks of America’s very richest at any age, but it’s especially challenging for anyone under 40. Just look at the members of The Forbes 400 list of the wealthiest people in the U.S., who are 70 years old on average. Even those who do make fortunes early can’t always hold onto them.
That helps explain why there are only four Forbes 400 members under the age of 40, down from ten a year ago, as four drop out and another three age up. It’s the lowest number of under-40 billionaires on the list in at least two decades. They make up just 1% of the list.
Walmart heir Lukas Walton is now the youngest of all, at age 37. He inherited billions after his father, John Walton, died in a 2005 plane crash. Last year, Walton was only the fifth-youngest member on the list. Since then, Snapchat cofounders Bobby Murphy (age 35) and Evan Spiegel (33) have dropped from the ranks, as shares of Snap Inc. have fallen, and crypto moguls Sam Bankman-Fried (31) and Gary Wang (30) have gone down in flames, cratering from billionaires to basically bankrupt following the November 2022 collapse of their crypto exchange FTX and ensuing criminal fraud and conspiracy charges against them. Wang—who pleaded guilty to several wire fraud, commodities fraud and securities fraud charges in December—is now cooperating with prosecutors in their case against Bankman-Fried, who has maintained his innocence.
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71
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