Forbes Topline

Larry Page’s net worth swelled on Thursday, surpassing $300 billion for the first time as Alphabet’s stock rose after reporting a surge in cloud revenue through the Google parent’s latest quarter. Forbes’ Real-Time Billionaires List estimates Page’s net worth at $313.1 billion as of Friday morning, as the Google cofounder ranks as the second-wealthiest person in the world. Fellow Google cofounder...

LIV Golf, the competitor to the PGA Tour bankrolled by Saudi Arabia’s Public Investment Fund, is losing its funding from the Gulf state, according to The Wall Street Journal. This follows weeks of speculation surrounding the upstart’s potential shutdown. LIV intends to tell staff and players, some of whom were among the PGA Tour’s most popular when they were poached, on Thursday that the league wi...

Billionaire Google co-founder and ex-California resident Sergey Brin has said he’s adamantly opposed to a proposed one-time, 5% tax on the wealth of California residents (and has spent $57 million to fight it) because he fears it will lead the state down a similar socialist path as that of the former Soviet Union, which his family fled when he was 6 years old. Brin, who has moved from a backer of...

The United Arab Emirates has announced it will no longer be a member of the Organization of the Petroleum Exporting Countries, OPEC, starting May 1 after reflecting on its "long-term strategic and economic vision," a move that could impact the group’s ability to control the supply of oil and prices around the world. The UAE made the announcement to leave the so-called oil cartel via the state-run ...

A U.S. special forces soldier who participated in the raid to capture Venezuelan President Nicolas Maduro has been charged with using classified information about the operation to win more than $400,000 on the online betting platform Polymarket. Learn more about your ad choices. Visit megaphone.fm/adchoices

Kalshi caught and suspended three political candidates who bet on the outcomes of their own elections, the prediction market company said in a statement on Wednesday, fining the three politicians and issuing five-year bans from their platform. Minnesota State Senator Matt Klein, a candidate running for the Democratic nomination for Minnesota’s second district in the House of Representatives, agree...