John Hyatt

John Hyatt

@johnhyatt.bsky.social

Staff Writer at Forbes Magazine covering finance, investments, and billionaires

7.9K followers176 following99 posts

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NEW: Days after a top Wall Street economist wrote that AI has provided “zero financial payoff", his firm led a $40 billion chip financing deal for Elon Musk's SpaceX. On Wall Street, even as doubts mount about AI, billions keep flowing to the data center buildout. www.forbes.com/sites/johnhy...

forbes.comDespite Warnings From Its Chief Economist, Apollo Rushes To Finance AI BoomFrom Apollo-led $40 billion SpaceX financing to a $63 billion Broadcom deal backed by Blackstone, Wall Street keeps funding AI despite mounting doubts about its payoff.

NEW: What's one thing Republicans and Democrats can agree on? Consolidation in the playground equipment market, apparently. The FTC and 12 state AGs are teaming up to block the private equity firm run by Pistons owner Tom Gores' playground roll-up. @forbes.com 👇 www.forbes.com/sites/johnhy...

forbes.comBillionaire Piston’s Owner Tom Gores’ Playground Rollup Deal Hits A Wall Of Bipartisan TroubleTom Gores’ Platinum Equity wants to further consolidate the playground equipment market. The FTC and a coalition of state attorneys general are suing to stop it.

NEW: How Vivek Ramaswamy's Well-Timed Ohio Move Likely Saved Him $12 Million In Taxes. The billionaire gubernatorial candidate says lower taxes will make founders flock to Ohio. Ramaswamy is one politician who puts his money where his mouth is. www.forbes.com/sites/johnhy...

forbes.comRamaswamy’s Ohio Homecoming Likely Shaved Eight Figures Off His Tax BillThe billionaire gubernatorial candidate says lower taxes will make founders flock to Ohio. Ramaswamy is one politician who puts his money where his mouth is.

Only in Utah: These two ex-Mormon ecommerce billionaires 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. www.forbes.com/sites/alicia...

forbes.comHow A Side Hustle Led To A Second Marriage And $2 Billion FortuneOnce two cofounders reselling fridge magnets online ten years ago, David Wright and Melanie Alder have become Utah’s newest billionaire couple.

John Hyatt reposted

Today, our members distributed fliers outside the Forbes Iconoclast summit to let management know we deserve a fair contract. Four years into bargaining, Forbes is still proposing wages that do not keep up with inflation. Solidarity, Forbes Union

This is... Wow.

Kyle Khan-Mullins@kylekhanmullins.bsky.social

NEW from me for @forbes.com: I wrote about the corporate-sponsored "Great American Road Trip" Sean Duffy and his family got, ethics rules and how taxpayers did pay for at least a portion: www.forbes.com/sites/kylemu...

Any time a PR is yelling on social media about a story it’s probably because they’re getting yelled at themselves. That or they’re *true believers*, which is even sadder

Marisa Kabas@marisakabas.bsky.social

the head of meta comms is threading on bluesky because he's mad about a NYT opinion piece

Now all we need is someone to go through and manually count every Jeff to make sure it’s word for word the same # as Infinite Jest

John Moe@johnmoe.bsky.social

Yeah, there really is a book for sale on Amazon called Infinite Jeffs, where they replaced all the words of Infinite Jest with the word "Jeff". It's 25 bucks. www.amazon.com/Infinite-Jef...

John Hyatt reposted

My latest 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). 👇 www.forbes.com/sites/johnhy...

forbes.comMeet The Wily Billionaire Trucking Boss Behind Kentucky Derby Favorite RenegadeThe inside story of how Missouri farm boy Robert Low dropped out of college, survived a criminal assault trial thanks to temporary insanity, and went on to build one of the nation’s biggest trucking e...

My latest 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). 👇 www.forbes.com/sites/johnhy...

forbes.comMeet The Wily Billionaire Trucking Boss Behind Kentucky Derby Favorite RenegadeThe inside story of how Missouri farm boy Robert Low dropped out of college, survived a criminal assault trial thanks to temporary insanity, and went on to build one of the nation’s biggest trucking e...

🤯

kevinosx@kevinosx.bsky.social

My wife asks me why I get up so early but it's because there's only a small window where I can get a photo like this 😅 #photography #birdphotography #birds #nature

This is wild. One of the world’s richest men has saved ~$1 billion in taxes over decades—just by plowing his dividend income into real estate.

Giacomo Tognini@giacomotognini.bsky.social

1/ Zara founder Amancio Ortega's owns the world's largest real estate fortune, a $25 billion empire from California to Korea with everything from offices to wind farms. It also comes with significant tax benefits. Gigi Zamora and I dug into it for @forbes.com: forbes.com/sites/giacom...

Does AI threaten your 401k? Legendary advisor Bill Bengen thinks it might. He's cut his tech exposure to zero on the uncertainty. After years of dominance, software and mega-cap valuations are straining under AI. That poses a risk to savers everywhere. Read more @forbes.com 👇

forbes.comTech Stocks Powered Retirement Portfolios For Years. Now AI Is Crashing The PartyMost retirement funds have long reaped the benefits of tech dominated stock indexes driving compounded annual returns. Now the AI boom is upending software valuations, straining Big Tech’s spending mo...

John Hyatt reposted

While he was flying around the world as Trump's peace envoy, Steve Witkoff got $300 million richer over the past year--largely thanks to his crypto venture with the Trump family (World Liberty) and his tiny, but valuable, stake in SpaceX. Read at @forbes.com: www.forbes.com/sites/giacom...

forbes.comPeace Envoy Steve Witkoff’s Fortune Gets Bump From Trump And MuskThe real estate mogul-turned-diplomat is 15% richer than he was a year ago thanks to his crypto venture with the Trump family and his stake in Musk’s SpaceX.

John Hyatt reposted

The AI giant's abrupt Sora shutdown is just one example. As it announces one of the biggest funding rounds in history, #OpenAI has trumpeted hundreds of billions in other deals + products that haven’t yet become reality. With @rashis.bsky.social for @forbes.com: www.forbes.com/sites/phoebe...

forbes.comThe Graveyard Of OpenAI’s Dead Products And Incomplete DealsAs it announces one of the biggest funding rounds in history, OpenAI has trumpeted hundreds of billions in other deals and products—including Sora—that haven’t yet become reality.

John Hyatt reposted

THREAD: We just released a tool that allows you to search billions of dollars in wealth, ties to the most powerful companies in the country, and details of the personal finances of President Trump and over 1,500 of his appointees. Here’s how it works 1/

Private equity billionaire Marc Rowan (cofounder of Apollo with Epstein friend Leon Black) says that Epstein is "wasting my time from the grave." Shareholders sued Apollo, Black & Rowan on Monday for ‌allegedly defrauding by concealing Epstein interactions. www.bloomberg.com/news/article...

bloomberg.comApollo’s Rowan Says Epstein ‘Wasting My Time’ From the GraveApollo Global Management Inc. Chief Executive Officer Marc Rowan said he only dealt with Jeffrey Epstein in his capacity as tax adviser for the firm’s co-founder Leon Black, and reiterated that Apollo...

NEW: How rich was Mexican druglord 'El Mencho'? What happens to his multi-billion-dollar criminal enterprise now that he's dead? And where will his personal fortune go? My latest for @forbes.com seeks to answer these questions👇 www.forbes.com/sites/johnhy...

forbes.comHow Rich Was Mexican Cartel Leader El Mencho?Through drug trafficking, extortion and human smuggling, El Mencho built a $50 billion criminal enterprise. Here’s what is likely to happen to his fortune.

John Hyatt reposted

John Hyatt reposted

"Black paid Epstein $158 million between 2012 and 2017 for advice related to tax, estate, and asset planning. That is a vast amount of money to pay for such services, especially for a Wall Street insider with easy access to top expertise."

John Hyatt@johnhyatt.bsky.social

NEW: Epstein emails show how billionaire financier Leon Black, founder of Apollo, relied on the convicted sex offender to help him leverage his multi-billion-dollar art for $500m+ in loans from Bank of America. www.forbes.com/sites/johnhy...

John Hyatt reposted

1/ @mhunterhart.bsky.social and I found several contracts and payment records that uncovered two new billionaire clients of Jeffrey Epstein: real estate mogul Mortimer Zuckerman and Ariane de Rothschild, a Rothschild heir by marriage. www.forbes.com/sites/giacom...

forbes.comNew Details On How Jeffrey Epstein Got So RichThe latest Epstein files name two more billionaire clients: real estate mogul Mortimer Zuckerman and Rothschild heir by marriage Ariane de Rothschild.

John Hyatt reposted

John Hyatt reposted

NEW: One of Pope Leo XIV’s top U.S. allies, Cardinal Joseph Tobin, is calling for the defunding of ICE. Tobin says the “lawless organization” is a “machinery of death.” This marks the first time a senior Church leader has called for ICE to be defunded. More are expected in the coming days.

thelettersfromleo.comPope Leo’s Top U.S. Ally Says ‘No’ to Funding ICECardinal Joseph Tobin calls ICE a “lawless organization” perpetuating a “machinery of death” and urges Congress to defund Trump’s deportation force.

John Hyatt reposted

I am trying not to post on these events in this state of mind but: I hope people understand what the observers are doing is brave and dangerous.

John Hyatt reposted

Federal law enforcement agents shot and killed a man in Minneapolis on Jan. 24 according to local police officials. DHS told Fox News that the man was “armed with a gun”. A video of the shooting appears to show that a gun was taken from the man before the first shot was fired. x.com/BillMelugin_...

John Hyatt reposted

🚨 In Nov., Trump's Labor Dept. lowered the minimum wage for foreign farmworkers. A month later, Trump's winery filed to hire 36 foreign, temporary workers. The rate? Almost $2/hour less than in 2025. 1/ me, for @forbes.com

forbes.comTrump Vineyard Seeks To Hire Foreign Workers At Lower WagesRecords show the Trump Organization has requested over 2,000 foreign workers since 2008. Its latest request seeks a $13.90 hourly wage—the lowest the winery has offered since 2021.