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Billionaires

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Donald Trump’s radical plan got a reality check from bond markets.

Trump’s sharemarket bonanza and the billionaire bros club

There were many winners in the market frenzy that followed Donald Trump’s about-face, including the US president himself, but his capitulation revealed who is really in charge.

  • Colin Kruger

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Bill Heinecke, chairman and founder of Minor International, in Bangkok, Thailand. Minor International, whose hotels in Thailand feature in the hit series The White Lotus, plans to expand in the US to cash in on the newfound global fame that’s seen room bookings skyrocket since the show began airing last month.

Real-life ‘White Lotus’ billionaires race to capitalise on show

Two local ultra-rich tycoons are happy to attach their companies’ brands to the confronting plot that exposes the dark side of most characters.

  • Filipe Pacheco, Patpicha Tanakasempipat and Danny Lee
Billionaire hit: Mark Zuckerberg and Elon Musk.

Billionaires poised to lose nearly a trillion dollars in two days

The world’s 500 richest people suffered the biggest two-day loss ever in the fallout from US President Donald Trump’s tariff announcements.

  • Dylan Sloan
’Cause I’m free to do what I want any old time: Elon Musk has just liberated himself from the X debt.

Elon Musk just had his own Liberation Day

The merger of social media platform X with Musk’s artificial intelligence start-up xAI will allow him, his co-investors and X’s banks to exit the struggling business unscathed.

  • Stephen Bartholomeusz
Blackstone’s Joseph Baratta is the latest at the firm to be minted as a billionaire.

The Wall Street giant that turns its executives into billionaires

Blackstone has become a Wall Street powerhouse that manages over a trillion dollars worth of assets. It is sharing the spoils.

  • Ben Stupples and Dylan Sloan
Donald Trump

Trump’s dealmaking is all about him

Donald Trump is after personal and public hegemony for himself and the US, and he’s willing to tank the law, the Constitution and global alliances to get there.

  • Timothy L. O'Brien
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Many are describing Musk’s assault on the federal bureaucracy as a coup, which isn’t quite right. Trump was, alas, elected, and delegated outsize power to Musk voluntarily.

Trump slump leaves president’s billionaire friends $335 billion poorer

As Donald Trump took the oath of office on January 20, he was flanked by the likes of Elon Musk, Jeff Bezos and Mark Zuckerberg. They had never been richer. How things have changed.

  • Dylan Sloan
Jared Isaacman, a private astronaut and billionaire ally of Elon Musk who has been lined up by Donald Trump to lead NASA.

The billionaire Elon Musk disciple protecting Earth from city-killing asteroids

Meet Jared Isaacman, a daredevil private astronaut and billionaire ally of Elon Musk who has been lined up by Donald Trump to lead NASA.

  • Matthew Field
Elon Musk at the Conservative Political Action Conference last week.

From Trump bump to slump: Musk can’t dodge Tesla’s $1 trillion value loss

Elon Musk’s embrace of President Donald Trump and his de facto direction of the Department of Government Efficiency are creating a backlash.

  • Liam Denning
"You'll see a big V in terms of the economy going up for the next few months because it's been closed": Blackstone co-founder Stephen Schwarzman.

The Wall Street CEO who earned $1.6 billion last year

Blackstone chief executive officer Steve Schwarzman’s windfall shines a spotlight on the billionaire’s wealth just as Washington takes aim at how private equity profits are taxed.

  • Dawn Lim

Original URL: https://www.theage.com.au/topic/billionaires-1mro