The Centi-billionaire Club’s Newest Member | Rerouting Russian Oil | Return Of The Mask

ADVERTISEMENT

Good morning.

Indian billionaire
Gautam Adani built his fortune in the commodities and infrastructure sectors, but it’s a boost to its renewable energy company that took his net worth past the $100 billion mark this week. We’re also covering the logistic challenges facing Russian oil traders, and the return of the mask mandate in at least one American city. Finally, we unveil this year’s Midas List of the world’s top venture capitalist, with Chris Dixon taking the top spot. 

Sofia Lotto Persio

Sofia Lotto Persio

Curator-In-Chief | Twitter

In The News Today

The U.S. State Department ordered non-emergency consulate staffers to leave Shanghai, as local authorities eased some lockdown restrictions meant to curb China’s worst Covid-19 outbreak.

The U.S. and the U.K. are investigating the possible use of chemical weapons by the Russian military in the besieged city of Mariupol after Ukraine's far-right Azov militia alleged a poisonous substance targeted Ukrainian troops.

Top Take-Aways

After a meteoric rise in his net worth over the past two years, Indian infrastructure tycoon Gautam Adani has become the world’s newest centi-billionaire, joining an elite group of just eight other business moguls.

Sanctions, bans and voluntary embargoes have drastically reduced
demand for Russian oil shipments to its usual destinations. Finding new buyers isn’t really an issue—figuring out the logistics of new trade routes is the biggest challenge.

The four-day Bitcoin 2022 conference in Miami left attendees feeling extra bullish about the
future of cryptocurrency. But on Monday, bitcoin and other cryptocurrencies like ether, solana and cardano, were all crashing down.

Had
Elon Musk decided to join Twitter’s board of directors, he would not have been able to buy more than a 14.9% share of the company. By rejecting a seat, the world’s richest person could lead a hostile takeover instead.

Blackmagic Design’s Grant Petty turned the chip on his shoulder about Hollywood’s tech elite into one of the most innovative manufacturers of inexpensive filmmaking equipment. Thanks to the pandemic, a contempt for outsourcing and an army of YouTubers, his business is booming.

As the daily number of reported Covid-19 cases is moving upward again in the United States, driven by the highly transmissible omicron BA.2 subvariant, at least one major U.S. city is bringing back its mask mandate—more might follow.

Today's Must Read

 
How Chris Dixon’s Dive Down The Crypto Rabbit Hole Made Him The World’s Top Venture Capitalist
 
 
 
How Chris Dixon’s Dive Down The Crypto Rabbit Hole Made Him The World’s Top Venture Capitalist

The Andreessen Horowitz partner is the new no. 1 on Forbes’ 21st annual Midas List of top venture investors, thanks to savvy bets on tokens, NFTs and cryptocurrency exchange Coinbase. In fact, a dozen members of this year’s Midas List count Coinbase as one of their banner investments, third most of any company. For the rest of the Midas top 100, bios, analysis and more, please visit forbes.com/midas.

Read The Full Story →
 

In Case You Missed It

Major oil and gas companies, which scrambled to abandon operations in Russia following the invasion of Ukraine in late February, have calculated the move will cost them billions of dollars.

ADVERTISEMENT

Tips You Can Trust

Transforming a business takes more than just going digital. These are four key aspects that leaders looking to rebuild their teams need to consider.

Today's Must Watch

 
Understanding Biden's Billionaire Tax
 
 
 

Features

Understanding Biden's Billionaire Tax
 

With economic challenges such as a widening income gap, high gas prices and rising inflation in mind, President Joe Biden recently presented a twofold plan for extremely wealthy Americans to pay more in taxes. 

Watch
 

Recommendations
From Beyond The Newsroom

A Forbes subscription illuminates, informs and inspires. Join today to gain unlimited access to all our journalism and a front-row seat at exclusive subscriber-only events.

Forbes

You’ve received this email because you’ve opted in to receive Forbes newsletters.

Unsubscribe from Daily Dozen | See All Newsletters

Manage Email Preferences | Privacy

Forbes Media 499 Washington Blvd.

Jersey City, NJ 07130

Key phrases

Older messages

Coming carnage 🌪️

Tuesday, April 12, 2022

CryptoCodex Forbes Billy Bambrough Forbes Senior Contributor Forbes Good Tuesday morning. Billy Bambrough here with what you need to know from crypto-land. (I'm on the road this month so you may

Positive data on BioNTech's mRNA cancer vaccine

Monday, April 11, 2022

Plus: Philadelphia reimposes mask mandate ADVERTISEMENT Forbes | InnovationRx Before it became famous for working with Pfizer on a Covid vaccine, German-based biotech company BioNTech was focused on

Save 50% On An Annual Subscription to Forbes

Monday, April 11, 2022

Save 50% On An Annual Subscription to Forbes Forbes Tax Day Savings: 50% Off This Week Only Subscribe Now Dear Reader, Whether you're anticipating a refund, expecting to pay out to Uncle Sam this

Russian Billionaires’ Dubai Retreat | Sotheby’s New Chapter | Tiger Woods’ $1.7 Billion Career

Monday, April 11, 2022

Plus: Guns, Gains And God: Four Days In Miami With Crypto's Most Faithful Fans Forbes Good morning. Dubai has emerged as a favorite destination for the Russian wealthy elite shunned by Europe and

Sugar crash 🍭

Monday, April 11, 2022

CryptoCodex Forbes Billy Bambrough Forbes Senior Contributor Forbes Good Monday morning. This is Billy Bambrough, here with what's driving the day in the world of crypto and what to look out for

You Might Also Like

☕ I can see it now

Friday, March 29, 2024

Is video the next AI frontier? March 29, 2024 Tech Brew PRESENTED BY Infinity Fuel It's Friday. Today we've rounded up AI news from the extended Brewniverse: Tech Brew's Patrick Kulp kicks

The Police Have A Dark Money Slush Fund

Friday, March 29, 2024

Corporate interests are funneling far more money to law enforcement than previously known — often with scant oversight. Police are receiving hundreds of millions of dollars a year in secret funding

A very bad year for press freedom

Friday, March 29, 2024

Plus: Beyoncé's new album, Netanyahu's new crisis, and more. March 29, 2024 View in browser Good morning! I'm back, here to dig into a topic close to my heart. —Caroline Houck, senior

Numlock News: March 29, 2024 • Trading Cards, Kite Fights, Breadfruit

Friday, March 29, 2024

By Walt Hickey Have a great weekend! Kite Fighting A popular competitive sport in Brazil is kite fighting, where competitors try to cut down their opponents kites while avoiding getting their own kite

☕️ Floppy-haired fraudster

Friday, March 29, 2024

SBF is sentenced to 25 years... March 29, 2024 View Online | Sign Up | Shop Morning Brew PRESENTED BY Impact.com Good morning. Today marks one year since Evan Gershkovich, a 32-year-old American Wall

AI hallucinates software packages and devs download them – even if potentially poisoned with malware [Fri Mar 29 2024]

Friday, March 29, 2024

Hi The Register Subscriber | Log in The Register {* Daily Headlines *} 29 March 2024 Illustration of someone in a hoodie looking at a bench with a cloud over it AI hallucinates software packages and

What A Day: Clown by law

Friday, March 29, 2024

Trump's lawyers are having another rough one. And the mainstream media could learn a lesson from the legal world about handling corruption. Thursday, March 28, 2024 BY CROOKED MEDIA —Steve Bannon,

🌶️ Is it getting hot in here?

Friday, March 29, 2024

Introducing our theme for April plus fun stuff to read, watch, and click on. March 28, 2024 Open in new tab Did a friend forward this? Subscribe today! April's Theme is SPICY It was chosen by our

What 58 Famous People Smell Like

Friday, March 29, 2024

Here's what you missed on the Strategist. The Strategist Every product is independently selected by editors. If you buy something through our links, New York may earn an affiliate commission. What

Trump Would Need New Tactics to Steal the 2024 Election

Thursday, March 28, 2024

Columns and commentary on news, politics, business, and technology from the Intelligencer team. Intelligencer early and often Trump Would Need New Tactics to Steal the 2024 Election Many avenues Trump