Category Archives: Forbes magazine

Lord of the bling: Peter Jackson tops Forbes highest paid entertainer list

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Get Back and Lord of the Rings director made an estimated $580m last year, topping annual list that also features Bruce Springsteen, Dwayne Johnson and Kanye West

The Lord of the Rings and Get Back director, Peter Jackson, has topped the Forbes magazine rich list as the highest paid entertainer of 2021.

Jackson made US$580m (A$809m, £428m) last year, primarily through the sale of part of his visual effects business Weta Digital to Unity Software, for $1.6bn. Forbes estimates Jackson personally made about $600m in cash and $375m in stock from the deal, making him the third person in history to become a billionaire from making films, after Steven Spielberg and George Lucas.

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Forbes drops Bermuda trip for entrepreneurs to escape Covid ‘gloom’

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Invitation for people on magazine’s ‘30 under 30’ list is dropped hours after Guardian inquiry

A place on one of Forbes’s “30 under 30” lists has long been a marker of status and potential for a group the magazine has proclaimed as the US and Canada’s “brashest entrepreneurs”.

In a time of global crisis, they were offered an additional reward this week: a month-long trip to a five star hotel and beach club in Bermuda, “one of the most desirable destinations in the world”, to escape from the “monotony and gloom” of the coronavirus pandemic.

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Elon Musk becomes world’s fourth richest man on Tesla boom

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Inventor now worth $90bn, trailing Mark Zuckerberg, Bill Gates and Jeff Bezos

Elon Musk has soared through the global wealth league this year and become the world’s fourth richest person, after a boom in the share price of the Tesla car company he co-founded and part-owns increased his wealth by more than $13.3bn (£10bn) in two days of trading.

The Silicon Valley inventor and entrepreneur is now worth more than $90bn and has overtaken France’s richest person, the luxury goods tycoon Bernard Arnault, chairman of Louis Vuitton, cementing the place of American tech plutocrats at the top of the world’s rich list.

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Kylie Jenner in row with Forbes over billionaire status

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Kardashian family member reacts angrily to magazine’s claim she spun ‘a web of lies’

A row has broken out between one of the world’s leading business magazines and the youngest member of reality TV’s most famous family over the value of her cosmetics company.

Forbes magazine has accused Kylie Jenner, the youngest half-sister of Kim Kardashian West, of spinning a “web of lies” to inflate the size and success of her business. It claimed her family went to unusual lengths to present its youngest adult member as being richer than she was.

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Donald Trump ‘lost $1bn in a month’ from coronavirus lockdown

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Stock market crash strips billionaire status from 267 of world’s richest people in the annual list

Donald Trump lost an estimated $1bn of his paper fortune in the past month as the coronavirus lockdown forced the closure of offices, shopping centres, hotels and golf courses he owns.

The US president’s fortune has fallen from an estimated $3.1bn (£2.5bn) on 1 March to $2.1bn on 18 March (at the height of stock market panic caused by the coronavirus pandemic) according to Forbes magazine’s annual billionaires list.

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Kylie Jenner’s makeup makes her the world’s youngest billionaire

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Youngest of the Kardashian-Jenner reality TV family tops Mark Zuckerberg by two years

Kylie Jenner, the youngest member of the Kardashian-Jenner American reality TV family, has become the world’s youngest billionaire at the age of just 21.

Jenner, who grew up under the watch of TV cameras filming Keeping Up with the Kardashians, was on Tuesday admitted to the “nine-zero” fortune club by Forbes. The business magazine ranked Jenner as the world’s 2,057th richest person. She became a billionaire two years younger than the Facebook co-founder Mark Zuckerberg, who took the title at the age of 23 in 2008.

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