The Latest at Forbes Monaco

On Tuesday, the International Monetary Fund (IMF) slightly raised its 2021 growth forecast for the euro zone to 4.4.%. France is expected to post a growth of +5.8% (+0.3 point compared to January), Germany +3.6% (+0.1 point), Italy +4.2% (+1.2…

Nico Rosberg takes his new Xtreme Racing team off the charts as electric SUVs compete in remote ecosystems around the world for Extreme E motorsport championship. It has been four years since Nico Rosberg retired from Formula One mere days…

He was inspired to play golf at Harvard after seeing love story, built two billion-dollar companies and designed and created acclaimed hotels in Uruguay. Oh, and his vineyard in chile won best winery experience on the planet. Meet the "Most…

France has agreed to allow freight and passengers who have tested negative for Covid-19 to enter its shores from the U.K., easing a two-day blanket ban on all arrivals from the country that left thousands of truck drivers stranded near the…

Despite yet again topping quarterly earnings expectations, Zoom Video Communications saw its stock fall 15.4% on Tuesday amid signs that the company’s astronomical growth rate could finally slow down. The drop in the share price…

Billionaire Sir Philip Green is facing yet another crisis over reports in the U.K. that his retail empire was set to become a major business casualty of the Covid-19 pandemic. Sky News reported today that after failing to…

Tesl TSLA +10.2% a’s billionaire cofounder and CEO, Elon Musk, overtook Facebook FB -1.1% CEO Mark Zuckerberg to become the world’s fourth-richest person on Wednesday, as Tesla’s…

A report released this morning by UBS and PwC reveals that billionaire wealth broke the $10 trillion mark during the Covid pandemic. The finding from “Riding The Storm: Market Turbulence Accelerates Diverging Fortunes,” which…

The United States needs to "own up to the fact that we didn't do a good job" up until this point of the Covid-19 pandemic, billionaire and philanthropist Bill Gates said during a Fox News Sunday interview, adding that the slow…

As Covid-19 cases continue to increase in developing countries, the Bill & Melinda Gates Foundation has donated $150 million to the world’s largest vaccine manufacturer, Serum Institute of India, to provide up to 100 million Covid-19…

Elon Musk's meteoric rise up the Forbes Billionaire List has continued this month, as he’s ascended past luminaries such as Warren Buffett and Steve Ballmer. As of Monday afternoon, Musk's net worth surpassed $74…

Nearly four years ago, the death of supermarket billionaire Bernardo Caprotti set off a yearslong family struggle over his will and the control of Esselunga, the Italian supermarket chain he founded in 1957 with Nelson Rockefeller…

After months of uncertainty, billionaire Sir Richard Branson has all but seen off a threat that brought his Virgin business empire to its knees. Following reports this week that Virgin Group has raised $250 million to prop up Virgin…

Russia’s richest man, Vladimir Potanin of metal and mining giant Norilsk Nickel, has held a “frank” conversation with Russian President Vladimir Putin over the massive fuel spill in the Ambarnaya river late last…

Twenty years ago, on the last day of October, billionaire twins Frederick and David Barclay knelt side-by-side before the Queen of England, her sword in hand. Frederick, born ten minutes before his younger brother, was first, David…

Wall Street rallied on Friday after a better-than-expected jobs report revealed that the United States added 2.5 million jobs in May–the largest such increase on record. The S&P 500 and Dow Jones Industrial Index ended the day up…

He coufounded one of Russia's biggest private banks, sat in the upper house for nearly a decade and launched an ambitious charity in Ethiopia. Now Monaco resident Vitaly Malkin takes on the role of published author. You might not like what…

Billionaire Sir Richard Branson is set to sell as much as $400 million of his shares  in Virgin Galactic as the mounting cost of the coronavirus pandemic threatens to cripple his business empire. In a statement to the New York…

Billionaire Daniel Křetínský of the Czech Republic has purchased a 5.3% stake in the U.K.’s national postal service and courier company Royal Mail. Regulatory filings on Monday confirm that Křetínský’s…

As the coronavirus pandemic has reached nearly every corner of the world, some of the planet’s wealthiest are helping the global effort to combat the COVID-19 outbreak and do what they can for the economy.  Some tech tycoons, like…

By weaving together tradition and trendiness, LVMH's Bernard Arnault has created the world's largest luxury empire and a $100 billion fortune. Now he is ready to scale up. “Bernard Arnault inspires me,” says Sheron Barber.…

After inheriting his family's $13 billion candy empire in 2015, Giovanni Ferrero vowed to supersize it at any cost. He devoured iconic brands like Red Hots, Butterfinger, Babyruth and Nestlé Crunch,…

Whether it’s in business (easyJet) or in philanthropy (the Giving Pledge), Stelios Haji-Ioannou charts his own course. Love him—or get out of his way. You probably won’t find him at Jimmy’z. Or Sass. Or Twiga. While…

Backed by a family that places a high value on having women in positions of leadership, Hinduja S.P. Shanu is the Chair of Hinduja Bank in Switzerland, as well as a senior member of the Hinduja Group, an international conglomerate whose…