Forbes Daily: Musk's White House Tenure Ends With Questionable Legacy
It’s shaping up to be anything but a cruel summer for Taylor Swift, who announced Friday she bought back the rights to her first six albums from Shamrock Capital.
The billionaire pop star, who Forbes estimates is worth $1.6 billion, re-recorded much of her early work after she said in 2019 that the rights to her catalog were stripped from her without her consent or knowledge. Swift said she now owns her “entire life’s work,” calling it her “greatest dream come true.”
The wealthiest woman in music did not disclose how much she paid for her music, but Swift’s record-breaking Eras Tour surely helped—it grossed more than $2 billion.
Tesla CEO Elon Musk speaks alongside U.S. President Donald Trump to reporters in the Oval Office of the White House on May 30, 2025 in Washington, D.C.
Elon Musk left his formal role in the Trump Administration Friday, and while Trump publicly praised the “colossal change” spearheaded by DOGE, the president also reportedly questioned Musk’s vow to cut $1 trillion in spending, according to the Wall Street Journal. In an interview last week with CBS News, Musk also aired his thoughts: “It’s not like I agree with everything the administration does,” while also calling DOGE criticisms “unfair.”
New lawsuits filed last week accuse at least five companies handling payouts for class action settlements of conspiring to secretly pocket bank interest payments and award each other business outside the view of attorneys and judges. The scheme has resulted in lower class action payouts for consumers, according to the suits, allegations that are part of a troubling pattern in class action payouts that Forbes recently reported........© Forbes
