This morning, Forbes made a big announcement. Tech darling Elizabeth Holmes—the founder of the disgraced blood-testing firm Theranos—is no longer a multi-billionaire. Instead, Forbes estimates, she’s now worth “nothing.” This is a delicious scoop of schadenfreude, but it’s one that nonetheless obscures that Holmes was always actually worth, to use Forbes’ term, nothing.
On Monday, the New York Times reported that Gawker Media CEO Nick Denton had come to believe that a wealthy individual has been funding a steady stream of lawsuits, including three different ones filed by Hulk Hogan alone, against his company. Two journalists at Forbes magazine, Ryan Mac and Matt Drange, are lending credence to Denton’s theory. On Tuesday evening, the pair revealed that the powerful Silicon Valley billionaire Peter Thiel has been secretly underwriting Hulk Hogan’s litigation against Gawker:
As cartoon plutocrat and sentient overripe pear Donald Trump officially entered the Republican presidential race Tuesday, he pointedly brandished a financial disclosure statement that asserts his net worth to be in the neighborhood of 9 billion dollars. How much is Trump really worth? If history is any guide, the safe answer is: much less than he says he does.