Jemima McEvoy

Inside the AI Era’s Favorite Hacker Houses Which hacker house came first? No one’s exactly sure. But what’s certainly clear is that such hostelries have become enduring Silicon Valley staples even as many other rhythms of startup life have sig...

Weekend: The Top 5

Inside the AI era's favorite hacker houses.

Read more from @jemimamcevoy.bsky.social👇
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Hims & Hers CEO No Longer A Billionaire After Novo Nordisk Deal Collapses The fortune of the San Francisco-based telehealth company’s cofounder and chief executive, Andrew Dudum, crumbled by more than $400 million on Monday.

New from me for @forbes.com : The fortune of the San Francisco-based telehealth company’s cofounder and chief executive, Andrew Dudum, crumbled by more than $400 million on Monday.
www.forbes.com/sites/jemima...

This Miami Billionaire Is Fighting Trump Tariffs, Immigration Crackdown Jorge Pérez made his fortune selling luxury condos in South Florida. Now Trump’s tariff plans and immigration policies are scaring off buyers and making it harder to build.

1/ Jorge Pérez made his $2.6 billion fortune selling luxury condos in South Florida. Now Trump's tariffs and immigration crackdown are scaring off some buyers and making construction more expensive--but Pérez has a plan for that. Read my latest @forbes.com:

www.forbes.com/sites/giacom...

Walmart’s Billionaire Heiress Buys Full-Page Ad Urging People To ‘Mobilize’ At June 14 Anti-Trump Protests The 76-year-old Christy Walton has aligned herself with “No Kings,” an organization planning mass protests across the country this Saturday.

This #billionaire Walmart heir took out a full page ad in support of the No Kings protests planned for this Saturday. from @forbes.com @jemimamcevoy.bsky.social
www.forbes.com/sites/jemima...

Hailey Bieber’s $1 Billion Rhode Deal: Here Are 26 Others Who Made A Fortune In Beauty Forbes counts fewer than 30 billionaires and centimillionaires in the U.S and Europe who have made a large chunk of their fortune in the super competitive world of beauty products.

In the wake of Hailey Bieber's $1 billion sale of her Rhode skincare firm, @forbes.com @jemimamcevoy.bsky.social looked at the richest folks in the beauty world in the U.S. and Europe:
www.forbes.com/sites/jemima...

AWS enters into 'strategic partnership' with Saudi Arabia-backed Humain | TechCrunch Amazon says it'll work with Humain, the AI company recently launched by Saudi Arabia’s ruler, to invest '$5 billion-plus' in a strategic partnership.

Pretty incredible that Jeff Bezos' Amazon announced a "$5 billion-plus" partnership w/ a Saudi AI co launched by Mohammed Bin Salman and sent CEO Andy Jassy to meet with him less than 7 years after MBS murdered Jamal Khashoggi, a columnist for Bezos' Washington Post.

techcrunch.com/2025/05/13/a...

How A Grisly Injury Threw $5 Billion Drone Startup Shield AI Off Course Shield AI executives overlooked its V-BAT drone’s safety hazards. With sales falling short and the CEO stepping down, the company is trying to win back military customers.

NEW: Shield AI is one of defense tech’s most hyped startups, largely thanks to its V-BAT drone.

But last year, a grisly injury involving a U.S. service member threw the $5 billion company off course.
www.forbes.com/sites/davidj...

Scoop from @jemimamcevoy.bsky.social : very significant #layoffs at Selena Gomez's mental health startup #Wondermind

Selena Gomez’ Struggling Mental Health Startup Lays Off Nearly Two-Thirds Of Its Employees Several employees spoke to Forbes about financial issues at Wondermind, the four-year-old mental health startup co-founded by the celebrity and her mom in a report Forbes published over the weekend. N...

New from me: Selena Gomez’ mental health startup #Wondermind just laid off nearly two thirds of its employees.

www.forbes.com/sites/jemima...

Hopefully this is helpful context!

The source in this story directly contradicts themself. Also, I'd like to point out that my reporting was based on a recording of an all-hands meeting where Mandy herself tells employees she got the money to them back by taking a loan against her house. It's in her own words.

But if you read a couple of paragraphs down, the anonymous source says this: "To invest in the future of the company, Mandy has chosen to take the lead here with a personal loan to invest in the future of the company."

What's Really Going on with Selena Gomez and Her Mom Mandy amid Their Company Wondermind's 'Growing Pains' (Exclusive) After Wondermind, the company co-founded by Selena Gomez and her mother, was accused of not paying employees in a timely manner, a source now tells PEOPLE that Gomez 'immediately invested more money' ...

Yesterday, PEOPLE published an interesting report citing an anonymous source, who claimed "it is not true that Teefey, 49, took out a loan to pay the salaries, adding that Gomez, 32, took action when she first learned of the issue late last week."

people.com/selena-gomez...

Selena Gomez’s Mental Health Startup Is Facing A Cash Crunch Gomez’ mom, Mandy Teefey, told employees recently that she took out a loan against her home to keep Wondermind, the mental health company she cofounded with her popstar daughter, afloat after twice mi...

On Saturday I broke news on problems at #SelenaGomez's mental health startup, #Wondermind, after the company failed to pay its bills.

The story included details about how Gomez' mom (Wondermind's CEO) claimed she took out a loan against her house to pay back debts

www.forbes.com/sites/jemima...

Selena Gomez’s Mental Health Startup Is Facing A Cash Crunch Gomez’ mom, Mandy Teefey, told employees recently that she took out a loan against her home to keep Wondermind, the mental health company she cofounded with her popstar daughter, afloat after twice mi...

Scoop from @jemimamcevoy.bsky.social : Selena Gomez's mental health startup #Wondermind is facing a cash crunch
www.forbes.com/sites/jemima...

There’s a surprising name lurking in the rankings of startups that have raised the most funding this year. Infinite Reality.

This obscure metaverse startup claims to have raised $3 billion on a $15 billion valuation. Not all is as it seems...

Founders Of Fried Chicken Chain Zaxby’s Are New Billionaires Tony Townley and Zach McLeroy met in middle school in Athens, Georgia. They’re now both billionaires from Zaxby’s, the fried chicken chain they started together in 1990.

These Childhood Best Friends Made Billion-Dollar Fortunes From Chicken Fingers

From me for @forbes.com

www.forbes.com/sites/jemima...

Alo Yoga, a trendy Lululemon Rival, Mints Two New Billionaires Founded in 2007, Alo Yoga has become a hit with such celebrities as Taylor Swift and Bella Hadid. It’s also made a fortune for two childhood best friends from Los Angeles

New from me for Forbes: The founders of this Lululemon rival are worth nearly $5 billion each.

www.forbes.com/sites/jemima...

Forbes Billionaires List 2025: World's Wealthiest Now Worth More Than Nearly All Nations' GDPs The billionaires club has never been bigger—or richer. Here’s who’s up, who’s down, who’s off the list and why it matters more than ever.

NEW: @forbes.com just published its annual World Billionaires List.

This is a project I'm proud to have worked on for months.

The big takeaway: The billionaires club has never been bigger. We've reached a new milestone of over 3,000 billionaires worldwide.

www.forbes.com/sites/chasew...

How FICO Turned Its Credit Scores Into A Profit Machine FICO CEO William Lansing has burnished the credit score’s dominance and pushed through price hikes, making a bundle for long-term shareholders and himself an almost-billionaire.

Over the past few decades, FICO has etched out a highly profitable niche as America's preeminent credit scorer. How did one company create a monopoly in this space?

The fascinating inside story on the man who made FICO by @stephenpastis.bsky.social

www.forbes.com/sites/stephe...

Billionaire’s Son Takes Control Of Life Care Centers Of America After Getting Dad Declared Unfit A Tennessee court declared billionaire Forrest Preston, the mogul behind America’s largest private nursing home chain, unfit to run the business he’s headed since 1970. His son, who initiated a legal ...

News from Tennessee: The billionaire behind America's largest private nursing home chain has lost control of his empire after a legal battle initiated by his son.

www.forbes.com/sites/jemima...

The good news: @forbes.com ramped up the number of bargaining sessions in 2025.
The bad news: We've seen no change in tone at the bargaining table, just the same old, same old. Very disappointing.

How This Serial Entrepreneur Became A Billionaire From Diapers, Basketball And Now Takeout Diapers.com cofounder, Timberwolves co-owner and former Walmart e-commerce chief Marc Lore is betting heavily on his takeout and delivery startup Wonder.

A long ownership dispute over the @thenba.space @mintimberwolves.bsky.social is set to be resolved today.

My latest for @forbes.com: a profile of the serial entrepreneur who's hoping to take over as a majority owner & told me he counts his chickens every day:

www.forbes.com/sites/phoebe...

More toxic waste courtesy of Elon

Lululemon’s Cancelled Founder Scores Billions With Finnish Athleisure Venture Five years ago, billionaire Chip Wilson bet big on Amer Sports, the parent company of such brands as Arc’teryx, Salomon and Wilson. His stake has since ballooned in value–and is on the verge of eclips...

New from me: Five years ago, Lululemon founder Chip Wilson bet big on Amer Sports, the parent company of brands Arc’teryx, Salomon and Wilson. His stake has since ballooned in value–and is on the verge of eclipsing the worth of his Lululemon shares.

www.forbes.com/sites/jemima...

Trump’s Crypto Assets Are Nonsense. The Cash They Throw Off Is Very Real Liquidity concerns loomed over Donald Trump while he was out of office. Thanks to an inaugural weekend unlike any other, those worries are now gone.

I’ve covered Trump’s finances for 8 years and wrote a book about conflicts of interest during his first term.

I’ve never seen anything quite like the profiteering that occurred over the last few days.

www.forbes.com/sites/danale...

How Much Is TikTok Really Worth? TikTok is difficult to value. Keeping those complications in mind, Forbes spoke with at least nine people and came up with these different scenarios.

TikTok is difficult to value.

Keeping those complications in mind—we spoke with at least nine people for @forbes.com about why + broke down a few different scenarios ahead of the Supreme Court's potential ruling on the TikTok U.S. ban, which could happen any minute.

www.forbes.com/sites/phoebe...

‘Essential’: nearly 800 incarcerated firefighters deployed as LA battles wildfires The firefighters earn $5.80-$10.24 per day plus $1 an hour when responding to active emergencies, according to CDCR

Hundreds of incarcerated firefighters are fighting the wildfires raging across southern California for $5.80-$10.24 per day

When responding to disasters, they may earn $26.90 over a 24-hour shift