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Private equity is betting big on an unexpected place: Big Sky, Montana.

In addition to the exclusive Yellowstone Club, which Forbes featured recently, Boston real estate investment firm CrossHarbor Capital made two acquisitions in 2013, eventually turning Big Sky Resort into one of the largest ski resorts in the country, with some 5,800 skiable acres.

Altogether, CrossHarbor has spent at least $4 billion over the past 15 years, in a town with only 3,300 full-time residents. Big Sky saw rapid growth during Covid due to Montana’s relatively lenient restrictions and easy access to the outdoors, though it’s slowing down.

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The S&P 500 notched another record Monday on the second anniversary of the bull market, and is just 2.3% shy of hitting 6,000. It’s a remarkable 68% gain from its low point in October 2022, as corporate earnings growth proved resilient despite high rates and inflation moderated from a four-decade high.

Shares of Nvidia increased by more than 2% Monday, ending at a record close and encroaching on Apple’s standing as the world’s most valuable company. The company’s market valuation is now around $3.4 trillion, trailing Apple’s $3.5 trillion, as the chip giant’s shares are up 19% so far in October.

Devin Nunes

Shares of Trump Media & Technology Group, the parent company of former President Donald Trump’s social media platform Truth Social, spiked more than 18% Monday, adding more than $500 million to Trump’s net worth. Trump, who owns 57% of Trump Media shares, was worth $5.5 billion as of late Monday, according to Forbes’ Real Time Billionaires tracker.

MORE: Even after its recent surge, Trump Media’s stock has been a disaster for many investors, but it’s enriched its CEO and former Congressman Devin Nunes. Since leaving the........

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