Trian Fund Management, the investment firm run by Nelson Peltz, has offered $7.35 a share in cash for the Wendy's stock it does not already own, a proposal that values the burger chain at about $1.4 billion. Trian and its affiliates hold about 16.3% of the company. The price is...

Gwynne Shotwell, president and chief operating officer of SpaceX, and her husband, Robert, are giving more than 2 million SpaceX shares to children through Trump Accounts, the federal savings accounts created by last year's tax and spending law. The first shares are moving into escrow now and are due to...

Kylie Jenner has taken her Holmby Hills estate at 145 North Mapleton Drive off the market, ending a ten-month attempt to sell one of the most closely watched trophy homes in Los Angeles. No buyer emerged. The seven-bedroom compound was listed in December 2025 at $48 million; by the end...

The three men behind South Africa’s largest private fortunes are 76, 77 and 81. Their sons stand to inherit very different things, and only one of them is being groomed in public. South Africa’s three largest fortunes belong to men born before 1951. Johann Rupert, chairman of Swiss luxury group...

Sandra Ortega Mera, Spain’s richest woman and the largest individual shareholder in Inditex after her father, is about to open a luxury resort in Portugal. Na Praia sits among the dunes and pine forest of Portugal’s Tróia peninsula and will take its first guests on May 1, 2027. That is...

Giorgio Armani’s will requires his heirs to bring in an outside shareholder by early 2027. Splitting that first stake among three buyers would honor his list of preferred partners, but it would leave open the bigger question of who eventually controls the house. Giorgio Armani spent half a century turning...

Billionaire Eduardo Saverin’s B Capital has doubled its assets to more than $12 billion by raising separate funds for each stage of a company’s growth. In a venture market dominated by a few AI giants and record secondary trading, the firm’s model shows both how mid-sized investors can compete and...

A handful of billionaires, led by Elon Musk, are shaping the most expensive midterm cycle in American history. Their money is also turning billionaire influence into a campaign issue. Executives should expect the response, from wealth taxes to new disclosure demands, to reach corporate balance sheets and shareholder registers. Three...

California’s proposed billionaire tax would take 5% of the net worth of the state’s richest residents, and the 10 wealthiest alone would owe about $31.5 billion. With the vote days away, support is slipping, rival measures could cancel it, and its fiscal case is under serious challenge. On November 3,...

Reliance Industries has delivered the strongest operating quarter in its history, and how it got there matters as much as the size of the result. For the three months ended September 30, the second quarter of its 2026–27 fiscal year, Mukesh Ambani’s conglomerate reported consolidated profit after tax, including associates...

Dangote’s Lamu Refinery Clears a Legal Test, but the Public-Money Questions Remain Aliko Dangote’s planned $16 billion oil refinery in Kenya’s coastal county of Lamu has cleared the first of three legal challenges. On Friday, Kenya’s Public Private Partnerships Petition Committee dismissed a case brought by the Consumers Federation of...

Nvidia Defends Jensen Huang’s Meetings With Executive U.S. Officials Suspected of Spying Nvidia has defended its chief executive, Jensen Huang, over his meetings with Alice Huang, also known as Huang Le. She is a former senior executive of Megaspeed, a Singapore-based data-center company that buys Nvidia chips and rents computing...

S&P Global Ratings has revised Meta Platforms’ credit outlook from stable to negative while keeping its AA- rating. The agency now expects the company’s free operating cash flow to turn sharply negative, with a deficit peaking at about $71 billion in 2027 and continuing into 2028. Previously, it had expected...

A survey of tax scholars has found that about 70 percent would vote against Proposition 40, California’s proposed one-time 5 percent tax on the net worth of billionaires. Of 105 respondents, 73 said they would oppose the measure and 32 would support it. The survey was conducted by Jeff Hoopes,...

Coris Bank International, the Ouagadougou-based lender founded by Burkinabè businessman Idrissa Nassa, reported net profit of CFA 62.34 billion ($106 million) for the nine months to September 30, 2026. That is up 17.8 percent from about CFA 52.9 billion a year earlier. Profit before tax rose 23.9 percent to CFA...