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The CEO in a $610m race to replace the International Space Station

The ISS is due to be decommissioned around 2030. Vast’s Max Haot is on a mission to build its successor.

Tall bay windows run along the facades of Fondation Cartier.

A first look at Paris’ newest contemporary art gallery

Fondation Cartier pour l’art contemporain, France’s first corporate foundation dedicated to promoting contemporary art, is reshaping the city’s artistic heart.

The best books of 2025 as chosen by Financial Review staff

From award-winning novelists to inspiring memoirs, here are the top picks – fiction and non-fiction – to add to your holiday reading pile.

Richard Mille has opened its first boutique in Australia at the Capella Sydney.

This brand’s watches average $500k. It’s just opened in Australia

With lavish digs at an acclaimed hotel, who else but Richard Mille could land Down Under with such a splash?

Watches by Arnold & Son, Bulova, Citizen, Alpina and Frederique Constant, all owned by the Citizen Watch Company.

As Swiss watches move more upmarket, this watchmaker is moving in

It’s not just the Swiss who have a grip on your wrist. Citizen Watch Group has plenty to offer, and the prices and sales to prove it.

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Mario Verrocchi at his new Amcal store in Preston, Victoria.

December 2025 – Jewellery

How Chemist Warehouse pulled off the deal of the decade. Plus our annual jewellery special, the top Sydney restaurant now taking on Melbourne and more.

13 stories

Max Marchione photographed for the cover of AFR Magazine’s 2025 Young Rich issue.

Young Rich List 2025

The definitive list of our next generation of entrepreneurs, aged 40 and younger. See who’s up, who’s down and meet the debutants.

18 stories

From left: Matt Gregg (Deakin, Vic); Kara Cook (Bonner, Qld); Jo Briskey (Maribyrnong, Vic); Richard Dowling (Tasmania); Julie-Ann Campbell (Moreton, Qld); Rowan Holzberger (Forde, Qld); Anthony Albanese (Prime Minister); Corinne Mulholland (Queensland); Rebecca White (Lyons, Tas); Matt Smith (Leichhardt, Qld); Josh Dolega (Tasmania); Jess Teesdale (Bass, Tas); Ali France (Dickson, Qld); Sarah Witty (Melbourne, Vic); Emma Comer (Petrie, Qld); Madonna Jarrett (Brisbane, Qld); Gabriel Ng (Menzies, Vic); Ellie Whiteaker (Western Australia); Charlotte Walker (South Australia); Zhi Soon (Banks, NSW); Tom French (Moore, WA); Renee Coffey (Griffith, Qld); Alice Jordan-Baird (Gorton, Vic); Claire Clutterham (Sturt, SA); Trish Cook (Bullwinkel, WA); Ash Ambihaipahar (Barton, NSW); Carol Berry (Whitlam, NSW); Basem Abdo (Calwell, Vic); David Moncrieff (Hughes, NSW). 

October 2025 – Power

All the lists of Australia’s most influential people in a year when the prime minister’s power is as close to absolute as is possible.

16 stories

Dion Lee on the cover of the September issue.

September 2025 – Fashion

How Tory Burch found her mojo when she demoted herself, the comeback of ’90s favourite Calvin Klein, ‘airport dad’ style takes over the sneaker market and more.

14 stories

Sam Altman.

August – 30th anniversary issue

Our tech editor travels to the US to meet the man at the helm of ChatGPT. Plus, a look back on 30 years of the magazine, a 44-page Watch special and more.

20 stories

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This Month

Where I can get behind AI’s use in travel is seeing what it offers, then tailoring that information based on further research from trustworthy sources.

Here are the buzzwords shaping travel in 2026

From AI planning your next trip to packing your pet and compiling anecdotes from your journey, here are some forecasts for 2026.

2015 Salon Cuvee ‘S’ Le Mesnil; NV Waris Hubert Albescent Grand Cru; NV Duval-Leroy Femme de Champagne; 2018 Godin et Filles Élevé en Fût; 2017 Mouzon-Leroux L’Opiniatre. 

The go-to champagnes when you want to impress

Drinks expert Max Allen uncorks why blanc de blancs is top of the pops – and recommends five of the most sparkling.

New range of Chopard L.U.C watches inspired by Japan.

These new luxury watches (yours from $59k) pay homage to Japan

This Swiss family watchmaker who heads Chopard has turned his passion into a series of remarkable timepieces.

10 luxury watch collabs you need to know about.

10 unexpected collabs that take luxury watches to a new level

From Lenny Kravitz and Michael Jordan to Astro Boy and Datsun, these match-ups are taking brands out of their usual comfort zone.

Looking past the blink-and-you’ll-miss-it moments, fashion has a lot to teach us.

10 fashion lessons to take into the new year (hint: ditch the Crocs)

From classic shirts and eyeliner to investing in gold and going analogue, here’s what fashion trends in 2025 really taught us about style.

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The consultancy bringing public art to the streets

Art, say the founders of a new collective, is more than a medium – it’s a movement.

November

The pharmacist from Fitzroy who amassed a $7b fortune with Chemist Warehouse

The pharmacists who’ve been made rich by following Chemist Warehouse’s Mario Verrocchi call him The Godfather. He’s told them to get back to work.

Mingling at the Art Basel Paris art fair at the Grand Palais in October.

Some cities are built for holidays – but these are made for living

From London to Cairo, what makes a city truly thrive? Forget liveability scores and find one that just feels right.

Pieces by Hannah Martin, Pasquale Bruni, Roberto Coin, Completedworks and Ole Lynggaard Copenhagen.

5 hidden-gem jewellers that should be on your radar

From floral emblems to punk aesthetics and custom designs fit for a royal or celebrity, these brands offer something different.

It’s not all fancy booze – you also need quantity, not just quality, over the holidays.

Max Allen’s top 20 drinks of the year (from $25 to $500)

From earthy reds to dry whites and something a little different, our expert shares the most delicious drinks he’s tried in 2025.

Pandora’s Beth Glancey says when you purchase a piece of jewellery, “it’s like buying a souvenir of the experience”.

How Pandora became the world’s No.1 jewellery business

This company is on a mission to keep its oldest customers happy while also winning new ones. And it all comes down to the charm.

Sydney perfected this restaurant – now it’s Melbourne’s turn to enjoy

Junda Khoo takes Malaysian food upscale at the new Ho Jiak, and it’s reeling in bigger spends and loads of corporate bookings.

Hoor Al-Quasimi, Artistic Director of the 25th Biennale of Sydney (2026), Photographed at White Bay Power Station, Rozelle. Tuesday 7th October 2025. Photo: James Brickwood. AFR FIN MAG 251007

The Emirati princess running Sydney’s Biennale speaks out

Hoor Al Qasimi is royalty in the UAE, and a shooting star in the art world. But not everyone’s happy that she landed in Sydney.

Natural stones at Musson. “We have only ever dealt in natural, unenhanced gemstones, because of the sheer feeling they give us,” says Olivar Musson, creative director.

What’s the difference between lab-grown and real diamonds?

It’s a question that carries a lot of weight – or carats. The mined stones market is worth about $US47  billion, and the choice for consumers is multifaceted.

Grace Lillian Lee at the gallery in the Marais, Paris.

She’s one of our best fashion designers. But you won’t know her name

For Grace Lillian Lee, her biggest success is conquering the global art scene without leaving Cairns.

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Melanie Lethbridge, a Solicitor with Chinka (HEP) Steel Solicitors who collects brooches.

This lawyer has collected more than 600 brooches

Solicitor Melanie Lethbridge didn’t expect to find a new community of friends when she began collecting brooches.

Prices for this under-the-radar watch brand are surging

Rolex still rules but here’s where the real watch steals are – including one brand that’s booming, according to an expert.

Just as fashion reflects who we are at any given moment, so does beauty.

Why your mascara and skincare should be in a time capsule

Like fashion, beauty is a way of marking time. We shouldn’t forget the powerful story of its trends.

How the ultra-rich keep their watches and jewellery safe

Serving royal clients to serious collectors, this company has made security an art form.

October

AFRillo YOUNG RICH essay Ed Craven, Talea Bader, Georgia Contos and Daniel Contos.

Australia’s richest people 40 and under set wealth record

Technology fortunes have driven the collective wealth of the wealthiest 100 young Australians to a record $45 billion in 2025, thanks partly to the AI boom.

Original URL: https://www.afr.com/afr-magazine