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Forbes Daily Briefing

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This podcast has
21 episodes
Language
English
Publisher
Forbes
Explicit
No
Date created
2024/12/03
Latest episode
2026/10/22
Average duration
7 min.
Release period
1 days

Description

The Forbes Daily Briefing shares the best of Forbes reporting on wealth, business, entrepreneurship, leadership and more. Tune in every day, seven days a week, to hear a new story. The Daily Briefing is edited, produced and hosted by Kieran Meadows.

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Highest-Paid NBA Players 2026: Curry Is Basketball’s First $200 Million Man
2026/10/22
Stephen Curry was the NBA’s first unanimous MVP, in 2016. The first player to lead the league in 3-pointers four times, then five times, then six and seven and eight times. The first player to launch 10,000 attempts from beyond the arc—and the first to drain 4,000 of them. But for all of the ways the Golden State Warriors’ 38-year-old sharpshooter has transformed basketball, he is just as much of a game-changer financially. Already the first NBA player with a $40 million salary (in 2019-20) and a $50 million salary (2023-24), Curry is set to cross the $60 million threshold this season, banking $62.6 million on the court. Meanwhile, after splitting with his longtime sponsor Under Armour last fall and unveiling a new deal with Chinese shoe brand Li-Ning in June, Curry projects to earn an estimated $141 million from endorsements and other business endeavors—demolishing the NBA-record $100 million he made off the court in 2024-25. Read the full story on Forbes: https://www.forbes.com/sites/brettknight/2026/10/20/highest-paid-nba-players-2026-curry-is-basketballs-first-200-million-man/ Learn more about your ad choices. Visit megaphone.fm/adchoices
Trump’s Golf Empire Is A Billion-Dollar Tax Shelter
2026/10/21
IN SEPTEMBER 2025, staff from an environmental nonprofit descended on Trump National Golf Club in Jupiter, Florida. Over three days, they looked for the kind of things that excite naturalists—bird species, bat calls, plant varieties—then recorded their discoveries in a 180-page report. It barely mentioned the thing they were really looking for: a tax break for Donald Trump. The president needed one, desperately. Trump’s return to the White House, and his eagerness to profit from it, yielded $1.4 billion of crypto earnings in 2025. His real-estate empire supplied more than $200 million on top of that, according to Forbes calculations. The president’s projected tax bill snowballed to over $500 million. Enter the environmentalists. Among the many peculiarities of the U.S. tax code is a provision allowing landowners to cut their bills by giving up development rights—even if they retain the land itself. The premise is straightforward: Forgoing development can preserve natural habitats, a public benefit that can qualify as a charitable gift. The 180-pager made the case that Trump’s golf course qualified as a natural habitat worth protecting. He then donated the right to further develop it to an environmental nonprofit—without giving up ownership of the golf club itself. Read the full story on Forbes: https://www.forbes.com/sites/danalexander/2026/10/19/trumps-golf-empire-is-a-billion-dollar-tax-shelter/ Learn more about your ad choices. Visit megaphone.fm/adchoices
GLP-1s Took Eli Lilly To $1 Trillion. CEO Dave Ricks Is Betting Billions He Can Do It Again
2026/10/20
As CEO of the largest, most successful drugmaker on the planet, Dave Ricks sure spends a lot of time thinking about risk. Eli Lilly’s weight-loss and diabetes drugs have become wildly successful beyond anyone’s imagination. Its latest 12-month revenue (through June 30) surged 50% to $79.7 billion, with Zepbound (for weight loss) and Mounjaro (for diabetes) accounting for 62% of the total. In November 2025, its market cap crossed the $1 trillion mark, making it the first pharma company to do so (it’s currently hovering around $1.1 trillion). Lilly has more weight-loss game-changers coming. A pill called Foundayo gained FDA approval in April. It plans to submit a next-gen experimental drug, retatrutide, to the FDA in the first quarter of 2027. (People are so excited about “reta,” as it’s called online, that they’re buying substances claiming to be the drug on the black market.) But the clock is ticking. All drugs have a shelf life because of how pharma patents work. Likely at some point in the 2030s, the exploding market for its weight-loss drugs will collapse as generics flood in. Read the full story on Forbes: https://www.forbes.com/sites/amyfeldman/2026/10/15/glp-1s-took-eli-lilly-to-1-trillion-ceo-dave-ricks-is-betting-billions-he-can-do-it-again/ Learn more about your ad choices. Visit megaphone.fm/adchoices
The Most Valuable NBA Teams 2026
2026/10/18
NBA teams don’t come up for sale often—two-thirds of the league’s control owners have been in place for at least a decade—which is one big reason why it was such a surprise that August featured two quick flips. First, Mark Walter agreed to sell the Los Angeles Lakers to Josh Kushner and Bob Iger only about ten months after his purchase of the franchise had closed, and then, barely a week later, Minnesota Timberwolves limited partner Marc Stad reached an agreement to buy out Marc Lore, 14 months after the retail billionaire had officially taken over.Both deals still await approval by the NBA’s board of governors, but assuming they close without incident, as expected, it will mean a tidy return for the sellers. Lore, who first agreed to buy the Timberwolves and the WNBA’s Minnesota Lynx in 2021 in a multi-stage transaction with an enterprise value of $1.5 billion, got $4.5 billion for the two clubs—a 25% annual return even when measured from the initial agreement. Walter, who is under federal investigation over loans made between his other businesses, matched that return by raising the price of the Lakers from $10 billion to $12.5 billion in less than a year.That is just life in the NBA, where valuations are as high-flying as a breakaway dunk. Read the full story on Forbes: https://www.forbes.com/sites/justinteitelbaum/2026/10/16/the-most-valuable-nba-teams-2026/ Learn more about your ad choices. Visit megaphone.fm/adchoices
How Vivek Ramaswamy's Well-Timed Ohio Move Likely Saved Him $12 Million In Taxes
2026/10/17
In case you haven’t heard, Vivek Ramaswamy wants Ohio to stop taxing capital gains. The Republican candidate for governor has made the proposal his opening salvo in a larger tax-cutting agenda: eliminate Ohio taxes on capital gains beginning next year, then phase out the state income tax altogether over the next decade. “If we do it,” he said last year, “founders will flock to Ohio in droves.” Ramaswamy would know: His own move from New York to the state of Ohio in late 2019 came just before one of the largest windfalls of his career, likely saving him millions of dollars in state and municipal taxes, according to CPAs, tax lawyers and tax professionals who reviewed publicly available information about the matter. Read the full story on Forbes: https://www.forbes.com/sites/johnhyatt/2026/10/02/how-vivek-ramaswamys-well-timed-ohio-move-likely-saved-him-12-million-in-taxes/ Learn more about your ad choices. Visit megaphone.fm/adchoices
How California’s Billionaire Exodus Is Changing Who’s Richest In Other States
2026/10/16
California voters are set to determine the fate of California’s proposed billionaire wealth tax in November. But some of the state’s wealthiest people aren’t taking any chances and have already moved out of state, starting with its two wealthiest people, Google cofounders Larry Page and Sergey Brin. According to their representatives, Page (estimated fortune: $288 billion) and Brin ($265 billion) are now residents of Florida and Nevada, respectively. Though Forbes was unable to find updated voter registrations or declarations of domicile documenting their moves and their spokespeople declined to provide any proof, Brin and Page both recently bought houses out of state as they made their frustration with the tax known. Read the full story on Forbes: https://www.forbes.com/sites/mattdurot/2026/10/14/how-californias-billionaire-exodus-is-changing-whos-richest-in-other-states/ Learn more about your ad choices. Visit megaphone.fm/adchoices
Inside Corning’s Mission To Become Bubble-Proof
2026/10/15
The AI boom runs on Nvidia chips, staggering amounts of electricity and water—and a lot of glass. Corning makes more of it than anyone else. More precisely, the 175-year-old glass company makes the hair-thin optical fiber that hauls data between servers, buildings and data centers. Demand has become so intense that Corning has recently signed multibillion-dollar agreements with Amazon, Nvidia, Meta and Verizon. This week, AT&T announced a $3 billion deal with Corning to upgrade its home internet service. And Apple has committed another $2.5 billion for Corning’s Gorilla Glass, the tough, hard-to-scratch stuff used in iPhones and Apple Watches. For one of the nation’s OG technology companies, founded in 1851 and responsible for everything from the glass in Thomas Edison’s light bulbs to the cookware known as Pyrex, AI infrastructure is a lively third act. Read the full story on Forbes: https://www.forbes.com/sites/alanohnsman/2026/10/01/inside-cornings-mission-to-become-bubble-proof/ Learn more about your ad choices. Visit megaphone.fm/adchoices
How These Startups Cornered The AI Agent Market
2026/10/13
Ayear ago, as AI was supposedly coding software engineers out of a job, it still couldn’t reliably book dinner. And some of the biggest tech companies around were struggling to build an assistant that could use your apps without creating more work for you. When Apple delayed the Siri upgrade that would have allowed it to take action within apps, software chef, Craig Federighi, offered a blunt explanation: “This just doesn’t work reliably enough to be an Apple product.”  Amazon’s upgraded Alexa+ did manage a dinner reservation when a reporter from The Verge tested it in July 2025. The request was for Friday. The agent booked Thursday. Now, a new crop of assistants is finally getting those chores right—often enough that the appeal of handing off an errand isn’t tainted by the idea of taking on a second job babysitting AI. We’ve catalogued some of the most interesting in  Forbes’ inaugural Agentic 20 list. Read the full story on Forbes: https://www.forbes.com/sites/annatong/2026/10/08/ai-personal-assistants-are-finally-having-their-moment/ Learn more about your ad choices. Visit megaphone.fm/adchoices
Michael Dell’s Net Worth Soars After Stock Market Gains—Closing The Gap With Google’s Larry Page
2026/10/12
Michael Dell’s net worth briefly leaped by more than $10 billion in the hours after markets opened on Tuesday, placing him just behind Google co-founder Larry Page as the fourth-wealthiest person in the world after the S&P 500 hit a fresh record amid a larger stock surge. Read the full story on Forbes: https://www.forbes.com/sites/zacharyfolk/2026/10/06/michael-dells-net-worth-soars-after-stock-market-gains-closing-the-gap-with-googles-larry-page/ Learn more about your ad choices. Visit megaphone.fm/adchoices
RxBar, David Bars Founder Is Now A Billionaire
2026/10/11
Medici Brands, the parent company behind David protein bars and low-calorie, low-sugar candy brand HallPass, raised $250 million at a $2.25 billion valuation in early September. It was the biggest food industry deal so far this year. The transaction catapults its founder and CEO Peter Rahal, 40, who invested $20 million in the round (representing 8% of the fundraise), into the billionaire ranks. Medici’s biggest individual investor, with an estimated 70%, Rahal is now worth an estimated $1.9 billion. Rahal, who sold his first company RxBar to Kellogg for $600 million in 2017, declined to comment other than to joke that he was broke. But he has said in the past that he’s invested at least $50 million in about 100 different businesses, including ready-to-eat oats brand Mush and Olipop, which is now valued at $2 billion. He previously had a stake in the better-for-you popcorn company LesserEvil, which was acquired by The Hershey Company for $750 million last year. “He doesn’t have to go out for capital,” says one investor who didn’t want to be identified talking about Rahal. “It comes to him.” Read the full story on Forbes: https://www.forbes.com/sites/chloesorvino/2026/09/25/rxbar-david-bars-founder-is-now-a-billionaire/ Learn more about your ad choices. Visit megaphone.fm/adchoices
Inside The Wild, Lucrative World Of Vegas Matt
2026/10/10
Stephen Mathew Morrow, better known by his nom de casino, Vegas Matt, looks like a caricature of a high-stakes gambler. A large, one-pound gold chain hangs around his neck with a matching bracelet on his right wrist, a Rolex SkyDweller on his left, and a Rolls-Royce Cullinan parked outside the El Cortez Hotel and Casino in Downtown Las Vegas. As he walks the casino floor on a Tuesday afternoon in September, fans flock around him every few feet, asking for a photo, telling him how much they love him and his video content. The 62-year-old Morrow posts stories every day to his 5 million followers, including 1.7 million on YouTube and 2 million on Instagram. Two middle-aged sisters are giddy when they spot him and one says: “I go to bed with you every night.” Vegas Matt responds with quick wit: “My superpower is putting women to sleep.” Inside the El Cortez’s high limit slot parlor, he says hello to vice president and general manager Adam Wiesberg, who acts like a shepherd for the flock of influencers who are filming every day at his casino. Vegas Matt pulls out his money clip with about $6,700 in one-hundred-dollar bills, peels one off and feeds it into an Ultimate X video poker machine at the bar, his favorite. “Gambling is dumb,” says Morrow, who was retired and living in Las Vegas before he became the gambling world’s top creator. “These casinos don’t build themselves. Mathematically, you have to know you’re losing.” Read the full story on Forbes: https://www.forbes.com/sites/willyakowicz/2026/09/20/loose-slots-giant-jackpots-inside-the-wild-lucrative-world-of-vegas-matt/ Learn more about your ad choices. Visit megaphone.fm/adchoices
AI Could Allow For 3-Day Workweeks And Single-Income Households, Bezos Claims
2026/10/09
Amazon founder Jeff Bezos said he believes artificial intelligence could generate enough productivity gains to allow Americans to have a three-day workweek or rely on a single-income for the whole household—pushing back against fears that the technology could lead to large-scale job losses for American workers. In an interview with Fox News that aired Wednesday evening, Bezos told host Bret Baier he believes AI’s productivity gains could let some people decide, “I can support my family by working three days a week.” He claimed families in two-earner households could decide they don’t need a second income and let one worker drop out. Read the full story on Forbes: https://www.forbes.com/sites/siladityaray/2026/10/08/jeff-bezos-claims-ai-could-allow-for-3-day-workweeks-and-one-income-families/ Learn more about your ad choices. Visit megaphone.fm/adchoices
Figure’s Brett Adcock Sold Investors A Humanoid Future. Now He Has To Build It.
2026/10/09
Brett Adcock has spent the past decade turning tomorrow into money. He made his first $30 million the old-fashioned way: building and then selling job website Vettery for $110 million in 2018. Everything since has come from putting a present-day price on a future-day product. In 2021, he took the air taxi outfit Archer Aviation public via SPAC, raising $858 million at a $1.7 billion valuation before its aircraft had flown a single commercial flight. He persuaded investors to value Figure at $39 billion while its humanoid robots were still working small-scale factory pilot projects and tightly controlled demonstrations. This May, he raised $700 million at a $6 billion valuation for Hark, an AI assistant company with nothing on the market at the time. The work is real. Vettery was a legitimate win. Archer built a full-scale electric vertical takeoff-and-landing aircraft. Figure’s humanoids have worked on a BMW production line and have helped build 30,000 X3 SUVs, by the automaker’s count. Adcock, barely 40, has a reputation for raising enormous sums, recruiting talented engineers and getting difficult machines to work. He’s currently CEO of three companies. And when it comes to humanoids, he is a flywheel of enthusiasm. Read the full story on Forbes: https://www.forbes.com/sites/annatong/2026/10/05/brett-adcock-sold-investors-a-humanoid-future-now-he-has-to-build-it/ Learn more about your ad choices. Visit megaphone.fm/adchoices
What To Know About The Russian Plague Scare
2026/10/08
Federal agencies are working together to monitor travelers arriving from Siberia after a potential pneumonic plague case was identified in Russia, though health officials say they’re confident the threat to Americans is “extremely low” and President Donald Trump says Russia claims to have the situation “very much under control.” Learn more about your ad choices. Visit megaphone.fm/adchoices
This Fintech Unicorn Hit A $2.3 Billion Valuation To Bring AI To America’s Mortgage Market
2026/10/08
The biggest pile of consumer debt in America isn’t sitting on credit cards or student loan balances. It’s in our homes. Americans owe $13 trillion on their mortgages, which makes up nearly 70% of all consumer debt. Every month, billions in interest and principal payments must be collected, tracked and divvied up among lenders, investors, insurers and the IRS. Yet the industry tasked with handling it all, called mortgage servicing, still runs largely on out-dated technology and tedious human labor. The result: billions of wasted dollars, and human hours. In 2025, the Consumer Financial Protection Bureau received more than 30,000 mortgage complaints, with more than half involving payments and servicing. Andrew Wang, Jon Hsu and Linda Du think there’s a better way: Let AI do the busywork. Their startup, New York-based Valon Technologies, has built a system to automate much of what mortgage companies pay people to do manually. On Monday, Valon announced a $150 million Series D backed by firms including Ribbit Capital and Andreessen Horowitz, valuing the company at $2.3 billion post-money. Read the full story on Forbes: https://www.forbes.com/sites/zoyahasan/2026/10/05/fintech-unicorn-valon-hit-a-2-billion-valuation-to-bring-ai-to-americas-13-trillion-mortgage-market/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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