Walmart heir Alice Walton is once again the richest woman in the U.S., and the only centibillionaire woman.

Walton and her siblings were given an 80% stake in their family’s holding company before the first Walmart even opened its doors. Today, she’s worth an estimated $118 billion, more than $33.4 billion ahead of the second-richest woman, Koch, Inc. heir Julia Koch.

Walton briefly worked at Walmart as a buyer of children’s clothes, but transitioned to curating art and has ramped up her philanthropy over the last decade.

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Billionaire Bill Gates urged action from world leaders to ensure AI does not worsen global inequality, pledging $1 billion to expand access to AI technologies and warning that if left to the market, “AI will be designed by and for the richest people in the world.”

OpenAI is reportedly considering a new funding round that would value the AI giant at as much as $1.5 trillion, days after its CEO Sam Altman announced that the firm will not go public this year.

European Commission President Ursula von der Leyen invited Canada’s Prime Minister Mark Carney to work with her towards the goal of making the country the bloc’s first “associate member,” amid escalating trade tensions between the U.S. and Canada.

Wealth Entrepreneurship

Elon Musk tops The Forbes 400 for the fifth consecutive year, but it’s been anything but a smooth ride over the last 12 months for the SpaceX and Tesla chief, who briefly became the world’s first trillionaire after SpaceX’s IPO in June. The rocketmaker’s shares have since come back down to Earth—still,........

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