Forbes Daily Briefing

Forbes

The Forbes Daily Briefing shares the best of Forbes reporting on wealth, business, entrepreneurship, leadership and more. Tune in every day, seven days a week, to hear a new story. The Daily Briefing is edited, produced and hosted by Kieran Meadows.

  1. How Chicken Scion Jim Perdue Broke The Third Generation Curse

    11h ago

    How Chicken Scion Jim Perdue Broke The Third Generation Curse

    Ina sheltered bit of the Chesapeake Bay in front of Jim Perdue’s home in Berlin, Maryland, the scion of America’s most famous chicken family raises clams. Each year he sells about a thousand to local crab shacks. The rest are eaten by the Perdue clan. The clam farm is the last remainder of his dream of striking out on his own and farming seafood, which inspired him, in 1974 at 25, to walk away from his family’s successful poultry business. “You don't know if you're getting a pat on the back because you did a good job, or because your name is on the door,” says the 77-year-old Perdue, from a barn on the property. The structure is adorned with memorabilia from the company’s history, including the famous ads featuring his father, Frank, with his signature slogan: “It takes a tough man to make a tender chicken.” Frank was the legendary poultry magnate who grew his own father’s hatchery (founded in 1920) into a $1 billion (sales) business by the time he turned over the reins to Jim in 1991. Jim had come back to the family coup a few years earlier—and only after Frank threatened to sell the company unless he returned.  “My dad didn't trust a lot of people,” Perdue says, “but he trusted me.” By Chloe Sorvino, Forbes Staff Learn more about your ad choices. Visit megaphone.fm/adchoices

    7 min
  2. The DOJ Is Demanding Apple And Google Identify Over 100,000 Users Of This Car App

    1d ago

    The DOJ Is Demanding Apple And Google Identify Over 100,000 Users Of This Car App

    The Department of Justice is demanding major tech providers Amazon, Apple and Google provide identities, addresses and purchase histories of at least 100,000 people who used a car tinkering app made by Cayman Islands-based EZ Lynk. The subpoenas are part of the DOJ’s ongoing court case against EZ Lynk over its alleged role in Clean Air Act violations, which the company disputes. It’s a rare example of the government obtaining subpoenas to grab data on anyone who downloaded an app. In one case in 2019, Forbes revealed Apple and Google were ordered to provide information on over 10,000 people who installed a gun scope app on their phone. In this latest case, the government is asking for information on at least 10 times more individuals. EZ Lynk, privacy advocates and car enthusiasts say the subpoenas represent overreach by the government and a threat to Fourth Amendment rights against unreasonable searches.  The DOJ first sued EZ Lynk in 2021, accusing the company of breaking the Clean Air Act by selling “defeat devices,” which are designed to remove emissions controls on a vehicle. EZ Lynk denies its primary purpose is to help drivers circumvent emissions laws, as its apps can be used for other tweaks and software upgrades, as well as to monitor a car’s performance. By Thomas Brewster, Forbes Staff Learn more about your ad choices. Visit megaphone.fm/adchoices

    6 min
  3. New Billionaire David Beckham On His Family And Legacy

    2d ago

    New Billionaire David Beckham On His Family And Legacy

    It is 10 a.m. in Chiswick, a pleasant west London suburb, in late April, and Sir David Beckham has already been on set for two hours. This should have been expected: The 51-year-old retired soccer superstar is notorious for being early. Cranes, tents and trailers clutter the driveway of a two-story brick home, giving it the outside appearance of a film studio. Inside, a few dozen crew members move through the rooms with practiced efficiency, managing cameras and lighting rigs. Beckham’s production firm, Studio 99, has set up today’s shoot for British speaker company Bowers & Wilkins. Yesterday’s shoot was for appliance maker SharkNinja. There are several more scheduled in the coming days, all in service of the machine that is David Beckham, Inc. By Maneet Ahuja, Editor-at-Large Learn more about your ad choices. Visit megaphone.fm/adchoices

    7 min
  4. The World’s 10 Highest-Paid Athletes 2026

    3d ago

    The World’s 10 Highest-Paid Athletes 2026

    Ten years have passed since Cristiano Ronaldo first topped the Forbes list of the highest-paid athletes—a decade in which the Portuguese soccer superstar has jumped from Spain’s Real Madrid to Italy’s Juventus to England’s Manchester United and, finally, to Saudi Arabia’s Al-Nassr. Yet for all of those frequent flyer miles, the 41-year-old Ronaldo is right back where he started—atop the sports world’s earnings throne. For the fourth year in a row, and the sixth time overall, Ronaldo leads the athlete income ranking, racking up an estimated $300 million over the past 12 months before taxes and agent fees. The total includes an estimated $235 million from his playing contract with Al-Nassr as well as $65 million from endorsements, appearances, licensing, memorabilia and other business endeavors. While a forward who is rapidly closing in on 1,000 career goals is no doubt used to a big score—Ronaldo now matches Michael Jordan with his six stints atop the athlete earnings ranking and is surpassed only by Tiger Woods, who has led the list 11 times—his latest haul is historic. At $300 million, he ties boxer Floyd Mayweather Jr.’s 2015 total for the largest that Forbes has measured since it began publishing the athletes ranking in 1990. (Of course, adjusting for inflation, Mayweather comes out ahead, at $427 million.) By Brett Knight, Assistant Managing Editor Learn more about your ad choices. Visit megaphone.fm/adchoices

    7 min
  5. America’s Largest Family Businesses: Walmart, Wegmans, Wawa And 97 More

    4d ago

    America’s Largest Family Businesses: Walmart, Wegmans, Wawa And 97 More

    “At a time when much of the business conversation is defined by speed, scale and disruption, family businesses reflect a different model of success, one grounded in endurance, stewardship, resilience and trust,” says Byron Trott, the legendary chairman and co-CEO of merchant bank BDT & MSD Partners, in an essay for Forbes published Wednesday. “Their impact is often felt not only in revenues or valuations, but in livelihoods, institutions and the strength of local communities. That is why Forbes’ inaugural list of America’s top family businesses matters now,” says Trott, who has worked with companies founded and controlled by families with names like Koch, Pritzker, Mars and Cox.  There’s no doubt that America’s family businesses–including the 100 largest ones featured on Forbes’ new ranking–are what Trott calls “the quiet engine driving the economy.” They account for 25% of U.S. companies, 23% of the American workforce and 23% of private sector GDP, according to what four leading academics described in a recent paper as the “middle definition” of a family business. Family businesses are everywhere around us. The ones on Forbes’ list own grocery stores where we shop (Wegmans), hotels where we stay (Hyatt), newspapers that keep us informed (The Wall Street Journal) and cosmetics that keep us looking our best (Estee Lauder). They make some of the most popular brands in product categories like candy (M&Ms), chicken (Perdue) and concrete (Quikrete). And they’re based all over the country, in 31 different states, ranging from Arizona to Wisconsin to North Carolina. By Matt Durot, Forbes Staff and Andrea Murphy, Forbes Staff Learn more about your ad choices. Visit megaphone.fm/adchoices

    7 min
  6. Trump’s Tax Immunity Could Save Him More Than $600 Million

    5d ago

    Trump’s Tax Immunity Could Save Him More Than $600 Million

    Acting Attorney General Todd Blanche signed a document Tuesday giving Donald Trump, his two eldest sons and his company broad immunity for potential tax disputes with the federal government. It’s the clearest way that the president is personally benefitting from his settlement with the Internal Revenue Service, which he sued days after taking office for failing to prevent the release of his personal tax returns. The settlement lands at a convenient moment. Donald Trump earned an estimated $1.4 billion from crypto and licensing ventures in 2025, as he turned his first year back in the White House into the most lucrative year of his life. If the president received an extension for his 2025 return, his preparers may be sorting through exactly how to present this year’s welter of income right now. Trump has never hidden the animating principle. When Hillary Clinton accused him of paying no taxes in the 2016 debates, he replied: “That makes me smart.” Also much richer. If Trump is able to conjure up theories to avoid taxes for his 2025 income, he could save more than a half-billion dollars, according to Forbes estimates.  The conflict-of-interest underpinning all of this is so obvious that even Trump has acknowledged it. “I’m the one that makes the decision, right?” he mused in the Oval Office in October. “You know, that decision would have to go across my desk. And it’s awfully strange to make a decision where I’m paying myself.” Trump first suggested he would send whatever judgement he received to charity, before settling on a more creative approach. The government would not pay Trump. Instead, Trump would get a pass enabling him to pay less to the government. The move harkens the old cliché—a penny saved is a penny earned—with the same result: more money in Trump’s pocket. By Dan Alexander, Senior Editor Learn more about your ad choices. Visit megaphone.fm/adchoices

    7 min
  7. Generalist Is Betting Its Robot-Training Gloves Will Usher In Robotics’ ChatGPT Moment

    6d ago

    Generalist Is Betting Its Robot-Training Gloves Will Usher In Robotics’ ChatGPT Moment

    The robot, a pair of disembodied arms with crablike pincers at the end, wasn’t supposed to pick up the bag. It had been told to do a single tedious job: open plastic bags on a conveyor belt and stuff toy potted plant plushies inside them. Then one plushie snagged halfway in. The robot paused — briefly, as if assessing its work — then did something it had not been programmed to do. It raised its other arm, grabbed the other side of the bag, gave it a quick shake so the toy slid all the way down, and then placed it back on the belt. For a human worker that’s muscle memory. For the engineers at Generalist, a Silicon Valley startup developing robot “brains”, it was a tell: the robot wasn’t just replaying a scripted task. It was improvising. By Anna Tong, Forbes Staff Learn more about your ad choices. Visit megaphone.fm/adchoices

    7 min
  8. Brothers Become Billionaires From Supplying Chemicals To China’s Semiconductor Industry

    May 24

    Brothers Become Billionaires From Supplying Chemicals To China’s Semiconductor Industry

    China’s push for self-sufficiency in semiconductor manufacturing has benefited companies across the supply chain. The latest to get a boost is Hubei Dinglong, which supplies materials essential for the chip making process. Its Shenzhen-listed shares have surged nearly 116% over the past year, propelling cofounders Zhu Shuangquan and Zhu Shunquan into the three comma club. Shuangquan, the company’s 61-year-old chairman, and his 57-year-old brother Shunquan, who serves as CEO, own stakes of roughly 15% each. Forbes estimates the siblings are worth $1.3 billion apiece based on Friday’s closing price of 64.19 yuan. Hubei Dinglong didn’t respond to a comment request regarding the pair’s billionaire status.  The Wuhan-based company is China’s key player in chemical mechanical polishing (CMP), a process to flatten the surface of silicon wafers so that circuits can be printed and chips can be stacked. The company says it is China’s only supplier that covers the full range of CMP materials, from the semi-liquid known as slurries for flattening to the cleaning fluid for removing any residue after the process.  Since the U.S. imposed chip-related export controls on China in 2022, Dinglong has expanded into materials for lithography, a major hurdle for China’s self-reliance in semiconductors where ultraviolet light is used to print circuits onto silicon wafers. In lithography, Dinglong manufactures photoresist, a chemical that captures the circuit design, though its most advanced products can only be used in lower-end chip manufacturing. By Zinnia Lee, Forbes Staff Learn more about your ad choices. Visit megaphone.fm/adchoices

    7 min
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About

The Forbes Daily Briefing shares the best of Forbes reporting on wealth, business, entrepreneurship, leadership and more. Tune in every day, seven days a week, to hear a new story. The Daily Briefing is edited, produced and hosted by Kieran Meadows.

Information

  • Channel
    Forbes
  • Creator
    Forbes
  • Years Active
    2024 - 2026
  • Episodes
    13
  • Rating
    Clean
  • Copyright
    © Forbes Media LLC

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