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Forbes Daily: Toyota’s Latest $500 Million Bet On Flying Taxis

207 1
04.10.2024

Good morning,

The Forbes Billionaires List reached a new milestone: For the first time, it has four members worth $200 billion or more.

Mark Zuckerberg joined the elite $200 billion club Thursday after his net worth rose by $3 billion as Meta shares ticked up 1.7%. His fortune of $201.5 billion puts him just ahead of Jeff Bezos, worth $200.2 billion, but behind Larry Ellison, worth $203.3 billion, and the world’s richest person, Elon Musk, with a net worth of $258.7 billion.

The Meta cofounder’s wealth has rebounded significantly since a 2022 low point for the company’s shares when Zuckerberg’s net worth was just $57.7 billion. But Meta’s had a banner year, with shares up 68% so far in 2024.

NVIDIA founder, President and CEO Jensen Huang

Nvidia chief Jensen Huang said during a recent interview with CNBC that there’s “insane” demand for its upcoming Blackwell “Superchip,” sending shares of the tech giant up more than 3% on Thursday. “Everybody wants to have the most and everybody wants to be first,” he said. Nvidia’s stock is up more than 147% since the start of the year.

Striking dockworkers and port employers reached a tentative agreement Thursday that will end the work stoppage, after the strike halted about half of the ocean shipping conducted by the U.S and raised concerns of potential economic shocks. The tentative agreement includes a 62% wage increase over six years, according to The Wall Street Journal, but the matter of automation in dock work is still up for negotiation.

When Oscar-winning actress Gwyneth Paltrow started brand empire Goop in 2008 as a simple newsletter from her kitchen table, her lack of formal business training initially led to moments of self-doubt. But at the 2024 Forbes Power Women’s Summit, she said that her willingness to embrace vulnerability became key to her leadership style. “The difficult things and the difficult conversations are the only ones really worth having,” she says.

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© Forbes


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