John Hyatt

Staff Writer @Forbes covering billionaires.
Tips: [email protected]

[John Hyatt @John__Hyatt]

My latest investigation for @Forbes charts the rise of MAGA megadonor Robert Low, owner of Kentucky Derby favorite Renegade, who built a $5 billion trucking fortune after stabbing his friend with a hunting knife and getting off on a temporary insanity plea (too many cough drops).👇

https://t.co/GTpjc4iLQk

[Jason Leopold @JasonLeopold]

NEW/SCOOP: After a yearlong #FOIA battle, I finally obtained a copy of Ghislaine Maxwell's prison transfer application from BOP. But the agency redacted its justification for moving the convicted sex offender to a minimum security prison.

Check out the document in this special edition of FOIA Files
🎁https://t.co/VT3xcVncGr

[Forbes @Forbes]

The Media-Shy Billionaire Helping Millionaires Dodge Taxes https://t.co/Dm1Mk7PIIe
Illustration by Philip Smith for Forbes

[Giacomo Tognini @giacomotognini]

1/ Monaco is home to 29 billionaires worth a combined $167 billion. Its newest neighborhood, Mareterra, is even more exclusive, and generated a previously unreported $3 billion profit for its investors. I dug into it for @Forbes: https://t.co/3QDL1kRoYy

[John Hyatt @John__Hyatt]

⛵️ “There’s a billion dollars’ worth of yachts in the bay, minimum." ⛵️

Inside The World’s Most Expensive Neighborhood: $550 Million Apartments, F1 Stars And Billionaires

From @giacomotognini @Forbes

https://t.co/Wl9rA9DYTs

[John Hyatt @John__Hyatt]

NEW: Long-short 'tax-aware' investing has become the toast of the investment industry, from Wall Street to Silicon Valley and RIAs across the U.S., but where did this 'tax alpha' strategy come from?

The backstory involves a media-shy accounting PhD named Hoon Kim, who helped develop the strategy at AQR and who popularized it with financial advisors through his own firm, Quantinno Capital Management, founded in 2018.

The numbers here are truly dizzying: Quantinno's assets under management have soared from around $2 billion to $70 billion in just three years, making Kim finance's newest self-made billionaire.

Read our full story online at @Forbes tracing Kim's journey from South Korea to New York, and the explosion of Wall Street's hottest new financial product.

👇👇

https://t.co/OnyjnPYKUA

[Max Tani @maxwelltani]

Precedent-setting moment in news media. The editor of the second most important opinion page in the country greenlights the use of AI for drafting pieces, no disclosure necessary.

[Giacomo Tognini @giacomotognini]

1/ NEW: Josh Kushner is now worth an estimated $16.7 billion—more than triple his fortune a year ago.

The 41-year-old Thrive Capital founder rode bets on OpenAI, SpaceX and more to an eleven-digit fortune. Now he’s looking to buy a piece of the Lakers.
https://t.co/Fd2EeEcP2b

[Jemima McEvoy @jemimacmcevoy]

Before Cami Clark became a quiet key counselor to her husband, Anthropic CEO Dario Amodei, she founded her own startups and crossed paths with Jeffrey Epstein.

New from myself, @coryweinberg, @steph_palazzolo and @Jessicalessin.

https://t.co/tQQaMAfQyl

[Forbes Union @forbesunion]

Forbes Union statement regarding The New York Times's reporting on Randall Lane:

[John Hyatt @John__Hyatt]

Uh oh: Somebody warn Olivia and Nicole.

[Antoine Gara @AntoineGara]

Scoop from team @FT - Apollo, Blackstone, Blackrock, Brookfield, Goldman and KKR are assembling $500bn for Nvidia in what is arguably is the largest financing ever on Wall Street.

https://t.co/BxdW2uRiKM

[John Hyatt @John__Hyatt]

Only in Utah.

Two ex-Mormons left their spouses after cofounding a company together, then married each other and are now worth over $2 billion.

And now two of their kids (from their previous marriages) have themselves gotten married.

https://t.co/kOqVZfKhmr

[Andrew Curran @AndrewCurran_]

A man in Australia asked his agent (Claude running on OpenClaw) to book him a spot in a popular gym class. The agent found a software vulnerability that let it book the class weeks further ahead than should have been possible. When the user then asked if it could move him up the waitlist, the agent discovered the API had no authorisation checks on cancelling other people’s reservations, so it cancelled the person in the first spot and moved him up the list.

Some people will call this misalignment, but his agent was perfectly aligned to him - it was only trying to help its user get what he wanted. The most important thing about this story, in my opinion, is that it gives you a window into what is about to start happening on a massive scale once millions of people have an agent trying to get their beloved users the best seats, bookings, appointments or reservations through absolutely any means necessary.

[John Hyatt @John__Hyatt]

You can’t make it up

[Joe Weisenthal @TheStalwart]

Best detail here is that there will be breakout sessions and panels at his wedding.

[John Hyatt @John__Hyatt]

In my latest deep dive for @Forbes Magazine, I trace the career and controversies of Len Tannenbaum, one of Private Credit’s original tycoons—and his repeated attempts at reinvention.

👇

https://t.co/QwihzRGrOc

[John Hyatt @John__Hyatt]

In a vote of confidence for private equity's prospects in the fee-rich legal services sector, a newly launched buyout fund has closed a $670 million debut fund, thanks in large part to its plaintiff/injury law firm MSO play.

Details here @Forbes:👇

https://t.co/dTGrkGZIlf

[Jane Manchun Wong @wongmjane]

Journalists, if a company generously gifts you the exclusive, you should be thankful and endorse our products w/o ever questioning or any editorial independence

That’s why we should replace legacy media with something like the state media that does storytelling the right way

[Balogun @balogun]

My debut World Cup… it hurts to wait 4 years to compete at the highest level our sport has to offer. I want to say sorry to our fans it was not good enough when it mattered most and we let you down

Soccer in America will only become bigger the belief, the talent, and the passion is continually growing and I know the best days are in front of us, the future belongs to those who never stop believing, this moment will fuel us. We will be back

Why not us?

For the nation. For the flag.
🇺🇸🦅
B

[Brian McDonald @BrianMcDonaldIE]

An extraordinary interview with Russian billionaire Andrey Melnichenko in The Economist, in which he admits that the Russian elite made a historic mistake with its make money in Russia, but secure your wealth, family and future in the West system.

That model, he now says, has collapsed and his key line is blunt: “For the first time I feel I have no other country but Russia.”

So we have one of Russia’s richest men, and leading 'internationalists' who was living in Switzerland with property in France and Britain, acknowledging that the globalisation bargain which shaped the Russian elite for 30 years has broken down. And he obviously isn't a dissident, and not a pro-war zealot either.