“The golden age of America begins right now,” Trump proclaimed. For his billionaire backers, it has already begun.

Mr Trump is more transactional than presidents before him, which increases the risk of cronyism and self-dealing. But America’s economy, including its technology industry, is too unwieldy and dynamic to petrify into an actual oligarchy, whatever diplomats and departing presidents say. ■

The world could soon see its first trillionaires, with five individuals projected to reach the milestone within the next decade if current trends persist, according to Oxfam's annual inequality report released Sunday reported CNN Business.

LVMH chief Bernard Arnault and Reliance Industries chairman Mukesh Ambani—the world’s fifth- and eighteenth-wealthiest people—attended President Donald Trump’s inauguration events Monday, marking a pair of surprise billionaire appearances at the event attended by a cadre of moguls worth well over $1 trillion.

From tech billionaires and top CEOs to foreign diplomats, many distinguished faces were spotted at Donald Trump’s inauguration ceremony.

Tech billionaires, diplomats, and CEOs attend Trump's inauguration, including Musk, Zuckerberg, and Bezos, showcasing their influence and connections.

LVMH chief Bernard Arnault and Reliance Industries chairman Mukesh Ambani—the world’s fifth- and eighteenth-wealthiest people—attended President Donald Trump’s inauguration events Monday, marking a pair of surprise billionaire appearances at the event attended by a cadre of moguls worth well over $1 trillion.

WASHINGTON, DC – JANUARY 20: Guests including Mark Zuckerberg, Lauren Sanchez, Jeff Bezos, Sundar Pichai and Elon Musk attend the Inauguration of Donald J. Trump in the U.S. Capitol Rotunda on January 20, 2025 in Washington, D.C. Photo by Julia Demaree Nikhinson – Pool/Getty Images.

The world's richest accumulated massive wealth in 2024, which some speculate could reach even greater heights in the next few years.

First up in Tuesday's Forbes Daily newsletter is Trump's January 6 pardons and immigration orders, Aurora self-driving trucks in tech news, a TikTok update and more.

Anthropic CEO predicts AI to outperform human intelligence in 2-3 years. Company struggling to meet demand for its AI chatbot, Claude.