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Kristi Noem made headlines last month when a thief snatched her purse inside a Washington, D.C., restaurant and made off with $3,000 in cash, prompting a question: Exactly how much money does the homeland security secretary have? About $5 million, Forbes estimates, after analyzing property records and financial filings.

The root of the fortune begins 1,200 miles away from the nation’s capital, in eastern South Dakota, where waves of grain fill the landscape and houses pop up every once in a while. The family farm where Noem grew up sits outside of Hazel (population: 132), surrounded by cropland. Her current home lies in Castlewood (population: 698) on a 200-acre plot of ranchland. And in the tiny town of Bryant (population: 471) lies an unassuming, single-story office building that serves as the key to the Noem family’s finances, housing her husband’s Noem Insurance, which has generated $1.1 million in salary and profits for him over the past two years selling insurance policies on homes, cars, farms and lives.

Read the full story on Forbes: https://www.forbes.com/sites/kylemullins/2025/05/31/how-rich-is-homeland-security-secretary-kristi-noem/

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A little-discussed portion of the billionaire President Donald Trump’s “Big Beautiful Bill" hands a lucrative break to ultrawealthy Americans in the form of a tax policy for private jet purchases.

Read the full story on Forbes: https://www.forbes.com/sites/dereksaul/2025/07/03/how-trumps-bill-makes-it-easier-for-rich-to-buy-a-personal-jet/

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This week, a handful of media outlets cited Luca Zaia, president of the Veneto region (which includes Venice), saying that the wedding would cost upwards of 40 million euros, or $46 million. But that number looks like a wild guess. A member of Zaia’s press office says that Zaia was using “online sources” and does not have any insider information from the Amazon cofounder or his representatives.

Another number that’s been cited is the wedding’s economic impact on the Queen of the Adriatic. According to Italy’s Ministry of Tourism, the wedding could generate an economic impact of more than $1 billion, equivalent to some two-thirds of the city’s annual tourism number. How that is calculated is unclear, but there is no doubt officials are hoping for a boost after a nearly 7% decline in overnight stays so far in 2025.

Read the full story on Forbes: https://www.forbes.com/sites/martinadilicosa/2025/06/27/heres-how-much-the-bezos-snchez-wedding-extravaganza-really-cost/

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A 54-pound meteorite from Mars, believed to be the largest piece of the planet currently on Earth, will be sold to the highest bidder later this month in a Sotheby’s auction that is expected to rake in between $2 million and $4 million.

Read the full story on Forbes: https://www.forbes.com/sites/maryroeloffs/2025/07/02/largest-piece-of-mars-on-earth-goes-up-for-auction-this-month-its-expected-to-break-sale-records/

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Melissa Bradley, the founder of investment firm New Majority Ventures, joins Jabari Young on The Enterprise Zone at the Nasdaq MarketSite. In their discussion, Bradley provides an update on New Majority Ventures, which was formerly known as 1863 Ventures. She shares insights on the firm's rebranding efforts aimed at unlocking $100 billion in wealth creation by 2030. Additionally, she addresses the challenges of raising capital in an increasingly anti-Diversity, Equity, and Inclusion (DEI) environment and discusses her goal of securing $50 million for underfunded entrepreneurs.

0:00 Meet Melissa Bradley and Her Personal Stock pick

2:02 Soundtrack to 2025 and Concert Experiences

3:08 The Rebranding of 1863 Ventures to New Majority Ventures

5:24 Navigating Backlash and Supporting Black Founders in the Current Climate

9:17 Advice for Entrepreneurs Facing Challenges

10:29 Black Economic Alliance Entrepreneurs Fund and Unrivaled Basketball League

14:57 Day-to-Day of a VC Fund Manager: Challenges and Unexpected Surprises

18:04 Melissa Bradley's Upbringing, Values, and Journey to Venture Capital

25:13 Risk Tolerance for 2025 and Mindset Shift in Entrepreneurship

31:25 Top Advice for Entrepreneurship and the Future

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The One Big Beautiful Bill will kill wind and solar power tax credits—and pit humans against AI in a battle for scarce electricity.

Read the full story on Forbes: https://www.forbes.com/sites/christopherhelman/2025/07/02/red-statesand-aiare-big-losers-from-trumps-clean-energy-massacre/

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Mercedes, IWC, Expensify and other brands paid millions to sponsor a fictional Formula 1 team in Apple’s new F1 movie, which blurs the line between cinema and commerce—and could shape the future of both.

Read the full story on Forbes: https://www.forbes.com/sites/mattcraig/2025/06/27/how-hollywood-producer-david-leener-turned-brad-pitt-into-a-40-million-f1-ad/

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Tesla investors received more suboptimal news when Elon Musk’s automaker reported sales data below Wall Street’s already muted expectations, as Tesla’s headaches swell in wake of Musk’s cozying up to – and split from – President Donald Trump.

Read the full story on Forbes: https://www.forbes.com/sites/dereksaul/2025/07/02/tesla-vehicle-deliveries-shrank-13-last-quarter---a-historic-decline-as-elon-musks-troubles-mount/

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The lavish, celebrity-packed affair in Venice, replete with private water-taxis, three-Michelin-star catering and Murano glass gifts for guests, is over the top, but far from the most expensive billionaire wedding on record.

Read the full story on Forbes: https://www.forbes.com/sites/martinadilicosa/2025/06/27/heres-how-much-the-bezos-snchez-wedding-extravaganza-really-cost/

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