Richelieu Dennis's ESSENCE Ventures buys into REVOLT's parent company
ESSENCE Ventures has bought a minority stake in REVOLT's parent company, giving founder Richelieu Dennis a board seat two years after Diddy exited.
North America
Billionaire Beyoncé takes full ownership of SirDavis whisky as LVMH sells out of the brand
Moët Hennessy has sold its stake in SirDavis American Whisky to Beyoncé, handing her full ownership two years after they launched it together.
Media mogul Byron Allen cuts 180 BuzzFeed jobs to save $32 million a year
Byron Allen is cutting 35% of BuzzFeed's workforce, about 180 roles across BuzzFeed, HuffPost and Tasty, to save up to $32 million annually.
Hedge fund billionaire Bill Ackman commits $260 million to brain institute after daughter's hemorrhage
Hedge fund billionaire Bill Ackman's foundation is spending $260 million on two Manhattan buildings to house a brain research institute.
Billionaire Jensen Huang pledges $75 million to Vanderbilt University for design college
Jensen and Lori Huang pledged $75 million to name Vanderbilt's San Francisco art college, built on the closing California College of the Arts. GHOST
Hedge Fund billionaire Ken Griffin buys historic Miami cottage for $2.98 million
Miami approved the $2.98 million sale of a 1905 cottage to Ken Griffin, handing the Citadel founder a full Brickell city block.
Byron Allen cuts HuffPost jobs weeks after buying a $91 million Aspen estate
Byron Allen is cutting more than a dozen jobs at HuffPost, weeks after buying a $91 million Aspen estate and months after taking control of BuzzFeed.
LeBron James, the NBA's only billionaire, takes a minimum contract to join Philadelphia
LeBron James, the NBA's only billionaire, has joined the Philadelphia 76ers on a minimum contract worth $8 million, a pay cut of over 90 percent.
Black-owned staffing firm Epitec acquires TalentBurst's IT and government businesses
Epitec, one of the largest Black-owned firms in the United States, has acquired the IT and government staffing divisions of Boston-based TalentBurst.
Jay-Z's Yankee Stadium residency drew 136,000 fans and generated over $100 million
Jay-Z's three-night Yankee Stadium residency drew more than 136,000 fans and is estimated to have generated over $100 million for New York.
Billionaire Tyler Perry signs multi-year deal to build virtual production stage at Atlanta studio
Tyler Perry Studios has signed a multi-year deal with Synapse to build an LED virtual production soundstage on its Atlanta campus by year end.
Palantir's billionaire founder Alex Karp says AI will make him 20 times richer and leave workers behind
Palantir chief Alex Karp says AI could make him twenty times richer, pushing his fortune toward $300 billion, while ordinary workers see only modest gains.
LeBron James credits Jay-Z with teaching him how to build a business empire
LeBron James says Jay-Z, whom he met at 16, taught him how to move in business, calling the rapper a big brother whose guidance still shapes him.
SpaceX shares fall below $135 IPO price for the first time since debut
SpaceX shares fell below their $135 IPO price for the first time on Wednesday, leaving investors in Elon Musk's rocket company with paper losses.
Billionaire Herriot Tabuteau's Axsome wins FDA acceptance for narcolepsy drug
The FDA has accepted a narcolepsy drug from Axsome Therapeutics, the biotech built by Haitian-born billionaire Herriot Tabuteau, with a decision due in May 2027.
Elon Musk is a billionaire like everyone else again as fortune drops below $900 billion
Elon Musk's net worth has fallen below $900 billion as SpaceX shares slide toward their IPO price, wiping more than $500 billion since June.