David Koch, the 7th richest man in the world with a net worth of $42.7 billion, has pledged $150 million to Memorial Sloan Kettering to build a new outpatient cancer facility on Manhattan’s Upper East Side, the world-renowned cancer center announced Wednesday. The commitment is both the largest ever given by Koch and the largest ever read »
Alex Morrell, Forbes Staff
So who’s the wealthiest person in my state? It’s a question we were asked often enough that it deserved an answer. So for the first time ever, FORBES offers a unique road map to wealth in America with a list of the richest person in each state. Look through this atlas at its carefully cataloged billionaires and near-billionaires, and read »
Abram Brown, Forbes Staff
Abram Brown, Forbes Staff
The ten teams in Formula One auto racing have amassed total net debts of $318.2 million with Lotus alone accounting for 64.2% of this according to new research.
Lotus is controlled by private equity firm Genii Capital which was founded by Gerard Lopez, an early investor in Skype. It has been under fire from creditors in recent months and read »
Christian Sylt, Contributor
Unless you love to look at autumn leaves, it’s rare that you’re thinking about a fall vacation. But that’s exactly when you should book an airplane trip, if you like travel bargains.
Some of the lowest airfares for both U.S. and global destinations are offered in the fall, Patrick Surry, chief data scientist at Hopper, a fare tracking read »
Micheline Maynard, Contributor
“I can hug you nicely; I can hug you tightly,” says Fiat Chrysler CEO Sergio Marchionne read »
Joann Muller, Forbes Staff
Ford Motor Co. is starting the second generation of One Ford, the company’s all-embracing plan to get Ford’s global operations all on the same page, and to wring efficiency and economies of scale out of the Ford system.
Hau Thai-Tang, Ford group vice president, global purchasing, said at the recent J.P. Morgan Automotive Conference in read »
Jim Henry, Contributor
National Public Radio recently interviewed two authors with books that wrestle with the phenomenon of helicopter parenting, and all the ills it visits up children. At the end, Julie Lythcott-Haims, a former Stanford University dean and author of How to Raise an Adult, gives this blunt advice: “[P]arents just need to back the hell read »
Bob Cook, Contributor
Alibaba Pictures Group, said on Friday it lost 151.8 million yuan, or almost $24 million, in the first six months of 2015 as it widened its business strategy following China e-commerce giant Alibaba Group’s investment in the company and its renaming last year.
The loss, which compares with red ink of 350.8 million yuan a year earlier, read »
Russell Flannery, Forbes Staff
‘Fear The Walking Dead’s’ Los Angeles is descending into zombie madness in Sunday night’s exciting second episode. read »
Erik Kain, Contributor
