Relative to other crypto exchanges, transparency and regulatory compliance were virtues for Bankman-Fried’s FTX. Here’s a glimpse of the exchange’s operations, according to its own general counsel, as of August 2022.
After two oil executives made $1.6 billion for the family of late wildcatter J. Cleo Thompson and helped defend them against T. Boone Pickens, the Thompsons rewarded them each with $100 million bonuses. Then they tried to claw it all back.
Geoffrey Palmer made a multibillion-dollar fortune building luxury residential buildings in southern California. To keep rents high and taxes low, he’s spent nearly $32 million in the past six years opposing ballot initiatives and backing Republicans–particularly Donald Trump.
More than 150 masterpieces owned by the late Microsoft cofounder—including works by Botticelli, Cezanne, Monet and Hockney—paint a portrait of the billionaire as a passionate collector. Next week they go on the block at Christie’s and will break a record for the most expensive sale of all time.
The Slack cofounder, part of Forbes’ inaugural list of people shaping the future of work, shares why he moved to Aspen, an unexpected challenge of mergers and why product placement isn’t coming to his messaging app.
Led by the eye-popping $7 billion Golden State Warriors, the average NBA team is now worth $2.86 billion, 15% more than a year ago, an impressive feat considering the stock market is down more than 15% over the same span.