Forbes

These are the 13 billionaires, business leaders and entertainers poised to shape Donald Trump’s second presidential administration. https://lnkd.in/er8nkztS

Introducing China’s 100 Richest A raft of measures designed to halt the property slump and fire up economic growth energized mainland China’s stock market, though concerns over structural challenges still linger. The benchmark CSI 300 index rose 12% since we last measured fortunes a year ago, propelling collective wealth, which had fallen below $1 trillion two years ago, to once again breach the 13-figure mark. That’s up 15% over last year’s combined $895 billion. The minimum net worth to make China’s top 100 increased to $3.9 billion, up from $3.4 billion in 2023. SEE LIST: https://trib.al/wpsLwhb

Green Check verifies $1 billion in legal marijuana sales every month through its banking compliance software. Inside the company that’s cashing in on an industry where cash is king.

It was a giddy week for U.S. stocks. Markets jumped in the wake of Donald Trump’s presidential election win early Wednesday, briefly sending the S&P 500 over 6,000 for the first time ever on Friday. The Nasdaq index rose 5.7% and the Dow Jones Industrial Average climbed nearly as much. No billionaire’s fortune grew more in dollar terms than that of Elon Musk, the world’s richest person, the CEO of Tesla and SpaceX and principal owner of social media firm X. Tesla shares rose nearly 30% in the past week, increasing the company’s market value to more than $1 trillion, adding $41 billion to Musk’s net worth and lifting him above the $300 billion mark for the first time in two years. Musk ended Friday worth $304 billion, Forbes estimates.

Companies throughout the world are working to accelerate progress for women both in their workplaces and in their communities—and the organizations leading the charge made our ranking of the World’s Top Companies For Women 2024. See list: https://trib.al/HqbjQdT

Rumors of money laundering have circled Donald Trump’s golf business for years. Forbes uncovered the true source of the funds.

Ever wondered which aircraft seats are the most awkward or comfortable? Here’s how to avoid nausea-inducing, rear-facing seats, skip window seats without windows and snag seats with the best service. https://trib.al/a1p4uEj

The golden ticket to buy a small business has always been a Small Business Administration 7(a) loan. But thanks to a recent and overlooked rule change, it just got even better, giving ambitious entrepreneurs a chance to build a diversified collection of small businesses–their own baby Berkshire Hathaways. The 7(a) program was established in the same law that created the Small Business Administration (SBA) in 1953. The SBA provides a 75% guarantee on these loans, reducing the risk for lenders and thereby encouraging them to fund small businesses. The money can be used for working capital, equipment, real estate, or even to buy a business. Read more: https://trib.al/xlSF7E3

It was a giddy week for U.S. stocks. Markets jumped in the wake of Donald Trump’s presidential election win early Wednesday, briefly sending the S&P 500 over 6,000 for the first time ever on Friday. The Nasdaq index rose 5.7% and the Dow Jones Industrial Average climbed nearly as much. No billionaire’s fortune grew more in dollar terms than that of Elon Musk, the world’s richest person, the CEO of Tesla and SpaceX and principal owner of social media firm X. Tesla shares rose nearly 30% in the past week, increasing the company’s market value to more than $1 trillion, adding $41 billion to Musk’s net worth and lifting him above the $300 billion mark for the first time in two years. Musk ended Friday worth $304 billion, Forbes estimates.

Mitch Morgan, whose Pennsylvania-based Morgan Properties is the third-largest apartment owner in the U.S., spoke to Forbes about why he’s optimistic in the wake of Trump’s victory.