According to sources, Jeff Bezos is reportedly seeking $100 billion for a new fund that will be used to buy companies in key industrial sectors and eventually modernize and automate them with AI. cited By Wall Street Journal. The effort is related to Bezos’s AI startup, Project Prometheus. Bezos, who was involved with the company…
Dia Dipasupil | Getty Images Entertainment | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. America’s top 50 philanthropists gave a whopping $22.4 billion to charity in 2025, according…
China’s space program has hit a number of milestones lately. In 2025, China executed over 90 orbital launches, setting a new national record for orbital launches in a single year. In the last five years, China returned the first samples from the far side of the Moon, completed its own low-earth orbit space station and…
A version of this article appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Tech billionaire Eric Schmidt’s family office took the top spot in CNBC’s inaugural Inside Wealth Family Office 15 list, which ranks the most active…
Elon Musk’s journey to becoming the world’s first trillionaire will likely be powered by rockets rather than cars, as SpaceX now accounts for nearly two-thirds of the Tesla CEO’s wealth. Musk became the first person ever to top the $800 billion mark this week, with his net worth now around $845 billion, according to Forbes….
A United Launch Alliance Atlas V rocket is on the launch pad carrying Amazon’s Project Kuiper internet network satellites, which are expected to eventually rival Elon Musk’s Starlink system, at the Cape Canaveral Space Force Station in Cape Canaveral, Florida, on April 9, 2025. Steve Nesius | Reuters Amazon has asked the Federal Communications Commission…
Movie posters for the documentary “Melania” featuring U.S. first lady Melania Trump are displayed in a New York City subway station, in New York, U.S., Jan. 14, 2026. Jeenah Moon | Reuters It was a turbulent week for Amazon. From a bungled email prematurely announcing another massive round of layoffs to scrutiny around the company’s…
The exterior of an Amazon Fresh grocery store is seen on December 12, 2024 in Federal Way, Washington. David Ryder | Getty Images Amazon said Tuesday it plans to sunset its Fresh and Go brick-and-mortar chains, marking a major pivot in the company’s grocery strategy. “After a careful evaluation of the business and how we…
Jeff Bezos holds the aviation glasses that belonged to Amelia Earhart as he speaks during a press conference about his flight on Blue Origin’s New Shepard into space, in Van Horn, Texas, July 20, 2021. Joe Raedle | Getty Images Jeff Bezos‘ space venture Blue Origin announced Wednesday it plans to deploy 5,408 satellites into…
Tesla CEO Elon Musk attends the Saudi-U.S. Investment Forum, in Riyadh, Saudi Arabia, May 13, 2025. Hamad I Mohammed | Reuters Billionaires’ wealth has risen sharply to a record high of $18.3 trillion — with the super-rich seeking power “for their own gain,” according to a report by the global charity Oxfam released Monday. The…
