John Hyatt is a staff writer who covers billionaires with a focus on finance, investments, deals and business disputes. He joined Forbes in 2020 and has written about everything from Vivek Ramaswamy’s presidential campaign to a Tanzanian billionaire’s agribusiness dreams. His
As Shares Of Financial Firm B. Riley Tumble, Lawsuits Against A Related Company Mount
Energy construction firm Babcock & Wilcox is “systematically” stiffing its vendors and commingling funds, former executives and subcontractors say—all allegedly at the direction of B. Riley, its embattled minority shareholder.
These Crypto Billionaires Are Cashing Out
As bitcoin soars and stock prices more than double, the executives at top publicly-traded crypto firms have been regularly selling.
Meet The Billionaire Investor Who Refuses To Put Money Into AI Or Crypto
In a rare interview about his investment career, private equity tycoon Jahm Najafi reveals what he looks for in companies, how he capitalizes on bursting market bubbles, and why he’s bullish on Ukraine.
Chinese Billionaire Claims Texas Law Is Unconstitutional
Xinjiang mogul Sun Guangxin wants the federal judiciary to throw out a Texas law designed to thwart his investment plans. U.S. lawyers say his case stands a chance.
What The Supreme Court’s Purdue Pharma Decision Means For The Sackler Family Fortune
Landmark bankruptcy ruling by Supreme Court has blown up Purdue Pharma’s settlement deal between the Sacklers and over 100,000 opioid victims.