Today
Waislitz claims ex-wife Pratt ‘abdicated responsibilities’ as director
Billionaire Alex Waislitz has filed a defence to a lawsuit by his ex-wife Heloise Pratt, who claims the billionaire “engaged in criminality” in the management of their joint investment vehicle.
- Maxim Shanahan
This Month
The year’s biggest gift is $1.8b, and it’s not from Buffett
Netflix co-founder Reed Hastings tops the list of the 12 biggest gifts of 2024, thanks to a $US1.1 billion donation to his education foundation.
- Maria di Mento
‘It’s going to be great’: Pratt to host Mar-a-Lago party for 700
Anthony Pratt, who gave $US10 million to MAGA Inc, will host a party for 700 people mostly from the food and beverage industries at Donald Trump’s Mar-a-Lago.
- Matthew Cranston
Elon Musk’s net worth tops $625b, a historic first
The most recent catalyst was an insider share sale at SpaceX, though his net worth has primarily been turbocharged by Donald Trump’s election win.
- Updated
- Dylan Sloan
- Exclusive
- Governance
Fortescue executive chairman Andrew Forrest in his own words
After The Australian Financial Review sent 50 questions following an investigation, the iron ore billionaire and green energy advocate sat down for an interview.
- Primrose Riordan
- Investigation
- Governance
Inside the ‘unending chaos’ at Andrew Forrest’s Fortescue
After a frenetic world tour, the billionaire had to wind back his hydrogen plans. A Financial Review investigation looks at what led to an exodus of executives.
- Primrose Riordan
- Exclusive
- Wisetech Global
WiseTech founder restructures assets to give wife a share
Richard White’s corporate restructure puts Zena Nasser in the driving seat of one of his private investment vehicles.
- Max Mason, Kate McClymont and Nick McKenzie
November
- Exclusive
- Philanthropy
Australia’s wealthiest women join forces to supercharge philanthropy
Women from Australia’s biggest philanthropic donors met in Canberra on Thursday for She Gives’ first roundtable, including Fiona Geminder and the Fox family.
- Yolanda Redrup
- Exclusive
- Wisetech Global
WiseTech’s Richard White inquiry failed to interview two key women
The investigation into complaints against the billionaire founder has described a process of ‘creative abrasion’ at the company but found he did nothing wrong.
- Updated
- Max Mason, Nick McKenzie and Amelia McGuire
Heloise Pratt alleges ex-husband Alex Waislitz falsified board records
The two billionaires had been on amicable terms after splitting in 2015 until a stoush started over the control of Thorney Investments.
- Max Mason
Heloise Pratt sues former husband Alex Waislitz over Thorney
Visy Industries scion Heloise Pratt is suing her billionaire ex-husband Alex Waislitz in a fight over their joint-owned business, fund manager Thorney Investments.
- Max Mason
Blackstone CEO’s bet on Trump gives him the edge on Dimon, Buffett
Stephen Schwarzman already has $76 billion, and he has become more powerful and a lot richer since the election of Donald Trump.
- Dawn Lim, Ben Bartenstein and Amanda Gordon
Moody’s downgrades MinRes as big investors demand board overhaul
The credit ratings agency has cut the lithium and iron ore miner to negative, citing the “negative implications” of its governance issues.
- Mark Wembridge
Private jet use jumps – and so do emissions (even to a climate summit)
A peer-reviewed study has found carbon emissions have risen almost 50 per cent in four years, and wealthy Australians are disproportionately represented.
- Ayesha de Kretser
Inside the two-week unravelling of Chris Ellison’s hold on MinRes
Monday’s attempt to draw a line in the sand still leaves unanswered questions for shareholders and investigators about the goings-on at Mineral Resources.
- Mark Di Stefano and Neil Chenoweth
- Updated
- Mining
MinRes board faces investor wrath for ousting Ellison
Chris Ellison will depart within 18 months after the board found he inflicted “significant reputational impact” by using company resources for personal benefit.
- Updated
- Peter Ker, Mark Wembridge and Joanne Tran
- Exclusive
- Mining
MinRes paid a 70pc mark up to rent Chris Ellison-owned properties
Independent valuations that the owners of the four industrial facilities commissioned themselves indicated that the leases were well in excess of market rates.
- Neil Chenoweth and Mark Di Stefano
- Opinion
- US Votes 2024
Once critical, billionaires and CEOs are hedging their bets on Trump
Except for Elon Musk, US business leaders are too scared to express a view in case the former president seeks revenge during his second term in the White House.
- Jennifer Hewett
- Opinion
- Future technology
Meet the oddest of the oddball billionaires
SoftBank’s Masayoshi Son may have made and lost more money than anyone alive. It’s unlikely that he’s finished yet.
- Adrian Wooldridge
October
- Investigation
- Governance
How Richard White’s humble tech nerd image came undone
Why he clung on to his job at the top of WiseTech despite an $11 billion fortune as his personal life disintegrated is a question only he can answer.
- Max Mason, Kate McClymont and Nick McKenzie