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The heiress of $10 billion Perdue Farms and the $12 billion Sheraton Hotels empire wore hand-me-downs, still rides the subway, and flies economy

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Iran's president admits 'we have many problems' and missiles 'are of no use' as the U.S. chokes its economy while weakening Tehran's grip on Hormuz

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Six months into the Iran war, the global economy has pulled off a ‘Mission Impossible’ scene, and the Trump family is among the winners

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The heiress of $10 billion Perdue Farms and the $12 billion Sheraton Hotels empire wore hand-me-downs, still rides the subway, and flies economy

2

Iran's president admits 'we have many problems' and missiles 'are of no use' as the U.S. chokes its economy while weakening Tehran's grip on Hormuz

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Six months into the Iran war, the global economy has pulled off a ‘Mission Impossible’ scene, and the Trump family is among the winners
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GXO CEO: Better robot hands, not Olympic-level humanoids, are what businesses really need
GXO CEO: Better robot hands, not Olympic-level humanoids, are what businesses really need

Also: All the news and watercooler chat from Fortune.

By Diane BradyAugust 31, 2026
jeff
I’m the ‘dean of innovation’ and I know that nobody can agree what ‘innovation’ actually means
By Jeff DeGraffAugust 31, 2026
‘Singles have become their own private investigators’: Daters are using LinkedIn to screen matches
‘Singles have become their own private investigators’: Daters are using LinkedIn to screen matches
By Sarah GlodekAugust 31, 2026
Apple’s John Ternus era: Can a low-key engineer win the AI race?
Apple’s John Ternus era: Can a low-key engineer win the AI race?
By Sebastian HerreraAugust 31, 2026
31-year-old millionaire has zero sympathy for unemployed Gen Z’s ‘excuses’—he says ‘it is scarily easy’ to build a business and get rich right now
31-year-old millionaire has zero sympathy for unemployed Gen Z’s ‘excuses’—he says ‘it is scarily easy’ to build a business and get rich right now
By Orianna Rosa RoyleAugust 31, 2026
Woman AI worker disappointed
Women only accounted for 26% of hires in jobs with AI skills—and they could be missing out on a $100K salary difference
By Emma BurleighAugust 31, 2026
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Future of Work
More in Future of Work
This Gen Xer spent 28 years in a cubicle and never made more than $70,000. At 59, she made $500,000 in the creator economy
This Gen Xer spent 28 years in a cubicle and never made more than $70,000. At 59, she made $500,000 in the creator economy

Some creators are finding their age can be an advantage as brands try to reach older consumers.

By Tatiana SatauaAugust 31, 2026
Why the AI economy is like a bad dating app — drowning in decks, pilot purgatory — and it’s playing out like the dotcom bubble, except worse

Amy Webb is a futurist who called the rise of AI — and a U.S./China tech Cold War — years ago. She wishes she were happier with what she’s seeing.

By Nick LichtenbergAugust 30, 2026
At 55, I became a rookie teacher after 3 decades in tech PR. Gen Z is teaching me a lot — and reminding me how to trust myself

In a world of relentlessly negative news and shifting opportunities, Gen Z often possesses radical self-trust and a quiet, solid confidence.

By Bret ClementAugust 29, 2026
The AI boom hasn’t stopped U.S. companies from hiring cheap offshore labor, and overseas call center employment is still skyrocketing

“The technology that was supposed to shrink the industry is fueling its expansion,” said Apollo chief economist Torsten Slok.

By Sasha RogelbergAugust 29, 2026
More in Future of Work
Success
More in Success
American taxpayers have spent $33 billion on sports stadiums. They got fewer seats—and higher prices
American taxpayers have spent $33 billion on sports stadiums. They got fewer seats—and higher prices

“No one has ever built a new stadium and made tickets cheaper. No one’s trying to.”

By Catherina GioinoAugust 30, 2026
Gen Zer washed his college basketball team’s dirty clothes and mopped floors to prove his passion—now he’s one of the youngest interns ever at the NBA

Mocked as ‘mop boy,’ Daniel Sung turned a year of college basketball grunt work into a dream NBA internship, LinkedIn fame, and multiple startup offers at just 19.

By Orianna Rosa RoyleAugust 30, 2026
Women’s professional soccer has a champagne problem: A packed calendar around the World Cup that will test the sustainability of its mega growth

“That schedule was intentionally designed to position the NWSL at the center of one of the biggest years in the history of women’s soccer,” Commissioner Jessica Berman said.

By Sasha RogelbergAugust 30, 2026
The heiress of $10 billion Perdue Farms and the $12 billion Sheraton Hotels empire wore hand-me-downs, still rides the subway, and flies economy

“If you’re always going on private jets, what inkling do you have about the real world?”

By Emma BurleighAugust 30, 2026
More in Success
C-Suite
More in C-Suite
IBM CEO Arvind Krishna
IBM’s CEO disagrees with JPMorgan CEO Jamie Dimon’s disdain for texting in meetings: ‘Telling people they can’t use their technology would be weird’

Jamie Dimon calls checking your email during a meeting disrespectful—but IBM’s CEO says he doesn’t care, depending on the number of people in the room.

By Preston ForeAugust 29, 2026
Tech billionaires and executives like Evan Spiegel and Peter Thiel are publicly shielding their children from the products that made them rich

As governments race to restrict minors’ social media use, the tech billionaires who built the platforms are imposing strict screen limits at home.

By Marco Quiroz-GutierrezAugust 29, 2026
Fortune 500 Power Moves: Which executives gained and lost power this week

See which Fortune 500 companies are making changes to their C-suite ranks.

By Fortune EditorsAugust 28, 2026
Richard Branson double-booked his own job interview. The candidate stuck in traffic with him for 2.5 hours is now Virgin’s CEO

Josh Bayliss joined Virgin as a lawyer in 2005 and rose to CEO, drawing on lessons from Richard Branson’s unconventional approach to business.

By Preston ForeAugust 29, 2026
More in C-Suite
Workplace Culture
More in Workplace Culture
The supply-chain savant: How FedEx CEO Raj Subramaniam leads through ‘reglobalization’
The supply-chain savant: How FedEx CEO Raj Subramaniam leads through ‘reglobalization’

Tariffs, conflict, and shifting trade routes are upending the flow of goods around the world. Raj Subramaniam is betting FedEx can use the disruption to its advantage.

By Alyson ShontellAugust 27, 2026
We laid him off. Then we hired him back

When we rehired Jonathan at Syndio, he logged back in and found our cold, corporate restructuring announcement still sitting in his inbox. Gut punch.

By Maria ColacurcioAugust 27, 2026
Jeff Bezos ordered to reinstate fired Black opinion writer at Washington Post over Charlie Kirk reaction

Arbitrator Sarah Miller Espinosa rejected the Post’s “gross misconduct” claim, ordering Karen Attiah’s reinstatement with full back pay.

By Corey Williams and The Associated PressAugust 25, 2026
Anthropic’s potential $2 trillion IPO could turn staff into millionaires—now the AI firm is asking candidates what they’d do if stock fell to zero

Anthropic CEO Dario Amodei, who has a net worth of $15.5 billion, has reportedly expressed concerns that AI workers are prioritizing money over mission.

By Preston ForeAugust 25, 2026
More in Workplace Culture
Latest stories from Fortune
Photo: Temu logo
AI
Temu spent up to $962 million on ads that helped finance an army of fake creators on Meta platforms, research claims
By Jim EdwardsAugust 31, 2026
‘We’re facing a double whammy’: America’s hottest tinned fish snack is shrinking by nearly half thanks to climate change and war in Iran
Energy
‘We’re facing a double whammy’: America’s hottest tinned fish snack is shrinking by nearly half thanks to climate change and war in Iran
By Catherina GioinoAugust 31, 2026
Current ARM mortgage rates report for Aug. 31, 2026
Personal Finance
Current ARM mortgage rates report for Aug. 31, 2026
By Glen Luke FlanaganAugust 31, 2026
Current refi mortgage rates report for Aug. 31, 2026
Personal Finance
Current refi mortgage rates report for Aug. 31, 2026
By Glen Luke FlanaganAugust 31, 2026
Mortgage rates today, Aug. 31, 2026: Rates show no signs of easing
Personal Finance
Mortgage rates today, Aug. 31, 2026: Rates show no signs of easing
By Glen Luke FlanaganAugust 31, 2026
Home equity loan and HELOC rates: Aug. 31, 2026
Personal Finance
Today’s home equity loan and HELOC rates, August 31, 2026
By Joseph HostetlerAugust 31, 2026
Why the head of Taiwan’s stock exchange wants you to look past TSMC—and embrace the ‘technology island’
Asia
Why the head of Taiwan’s stock exchange wants you to look past TSMC—and embrace the ‘technology island’
By Nicholas GordonAugust 31, 2026
Shein CEO’s wealth slumps $15 billion after whittled-down IPO
Big Tech
Shein CEO’s wealth slumps $15 billion after whittled-down IPO
By Dave Sebastian, Pui Gwen Yeung and BloombergAugust 30, 2026
More LeadershipPage 3 of 100
target
Commentary
Target, Starbucks and Nike are writing the 2026 turnaround playbook. Here are the key lessons 
By Jeffrey Sonnenfeld and Steven TianAugust 24, 2026
  • Billionaire Jeff Bezos once asked Warren Buffett why so few people copy his strategy—now he’s backing $7 billion Liverpool FC
    Success
    Billionaire Jeff Bezos once asked Warren Buffett why so few people copy his strategy—now he’s backing $7 billion Liverpool FC
    By Orianna Rosa RoyleAugust 21, 2026
MacKenzie Scott
Success
A $1,000 loan kept MacKenzie Scott in college—now the billionaire philanthropist is giving away her $37 billion fortune to pay it forward
By Sydney LakeAugust 24, 2026
The U.S. is unlikely to win its ‘dumb trade war’ with Canada. Here’s why
Newsletters
The U.S. is unlikely to win its ‘dumb trade war’ with Canada. Here’s why
By Diane BradyAugust 24, 2026
Photo of Kunal Nayyar
Success
Despite a $45 million net worth, Big Bang Theory star Kunal Nayyar still works tough, 16-hour days—he repeats this mantra when he’s overwhelmed
By Orianna Rosa RoyleAugust 24, 2026
wrong
Workplace Culture
The difference between ‘agree to disagree’ and ‘you’re wrong’ — or why you hate that guy who always corrects you
By Andras Molnar, George Loewenstein and The ConversationAugust 24, 2026
Matteo Franceschetti (CEO) center, Massimo Andreasi Bassi (CTO) right, and Alexandra Zatarain (VP of Brand and Marketing) left.
Startups & Venture
The company selling a $3,000 mattress cover that billionaires love wants to become a healthcare company that treats sleep apnea
By Lily Mae LazarusAugust 24, 2026
  • Photo of empty wallet with hands holding it open
    Personal Finance
    Baby boomers look richer than ever—but many are retiring with record levels of debt
    By Mia OsmonbekovAugust 21, 2026
ny
Commentary
American Staffing Association chief economist: The future of work is temporary, and that changes everything about the labor market
By Noah YosifAugust 24, 2026
g
Environment
A California house painter taught himself about gibbons 50 years ago — and now his center is a world-leading rescue facility
By Jaimie Ding and The Associated PressAugust 23, 2026
bossware
Workplace Culture
Your boss’s monitoring app didn’t just watch you — it shared your data to Facebook and a Russian search engine
By Cathy Bussewitz and The Associated PressAugust 23, 2026
Jimmy Donaldson, also known as MrBeast
Success
Despite his $2.6 billion net worth, MrBeast said he’s had to borrow cash and didn’t even have enough money in his bank account to buy McDonald’s
By Emma BurleighAugust 23, 2026
Kirill Bigai, the cofounder and CEO of learning platform Preply,
Success
The CEO of $1.2 billion learning platform Preply says it all started with his online search for an English tutor
By Emma BurleighAugust 23, 2026
  • Airwallex expands from cross-border payments to autonomous finance—though president Lucy Liu says it’s still ‘not the best time’ for an IPO
    Asia
    Airwallex expands from cross-border payments to autonomous finance—though president Lucy Liu says it’s still ‘not the best time’ for an IPO
    By Nicholas GordonAugust 20, 2026
Even billionaires are worried their Gen Z kids can’t keep a job—and their wealth advisors say the fear is ‘very real’
Success
Even billionaires are worried their Gen Z kids can’t keep a job—and their wealth advisors say the fear is ‘very real’
By Sydney LakeAugust 22, 2026
Jeff Bezos
Success
Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
By Preston ForeAugust 22, 2026
$25 billion CEO says one-hour interviews are a waste of time—he puts candidates through six hours of tests and wants them to order wine at lunch
Success
$25 billion CEO says one-hour interviews are a waste of time—he puts candidates through six hours of tests and wants them to order wine at lunch
By Orianna Rosa RoyleAugust 22, 2026
layoffs
AI
90% of executives say AI hasn’t boosted productivity. Some are still cutting jobs
By Mark Ma and The ConversationAugust 22, 2026
James Francisco Turner Lazaro is founder and CEO of MAKE.
Success
I helped turn a California bank into one of America’s fastest-growing. Now I’m building a company to serve the people that banking has failed
By James Francisco Turner LazaroAugust 22, 2026
Meet the sisters who got dumped by their landlords and were down to their last £15,000 before they built an £8 million business
Arts & Entertainment
Meet the sisters who got dumped by their landlords and were down to their last £15,000 before they built an £8 million business
By Tatiana SatauaAugust 22, 2026
nc
Workplace Culture
This CEO was out to dinner when he caught his AI agent wasting $1,000 in tokens. He says ‘insecurity’ is a bigger problem
By Nick LichtenbergAugust 22, 2026
Jimmie Johnson, driver of the #84 Carvana Toyota, enters his car in the garage area during practice
Success
Retired racer Jimmie Johnson credits his multimillion-dollar success to shining his shoes and arriving 10 minutes early: ‘Small things matter’
By Preston ForeAugust 22, 2026
Phoebe Gates took a secret Stanford class on how to ‘rule the world’—and reportedly recruited employees for her startup accused of wire fraud
Startups & Venture
Phoebe Gates took a secret Stanford class on how to ‘rule the world’—and reportedly recruited employees for her startup accused of wire fraud
By Sarah GlodekAugust 21, 2026
wfh
Commentary
AI will not give you Fridays off
By Dan SchawbelAugust 21, 2026
A cheerful woman in yellow headphones waves at her laptop during a video call.
Success
Forget RTO: Fully remote workers report the highest well-being—and are less likely to quit, new study of 7,700 employees finds
By Preston ForeAugust 21, 2026
Meghan, Duchess of Sussex and Prince Harry, Duke of Sussex
Success
Harry and Meghan’s homecoming comes with a multimillion-dollar tax catch—waiting four years could have shielded their $60 million fortune
By Emma BurleighAugust 21, 2026
The trick to getting kids to stop trusting AI: Ask it to draw a map of the world
AI
The trick to getting kids to stop trusting AI: Ask it to draw a map of the world
By Jocelyn Gecker, Russ Bynum and The Associated PressAugust 21, 2026
Fortune 500 Power Moves: Which executives gained and lost power, Aug. 8-21
C-Suite
Fortune 500 Power Moves: Which executives gained and lost power, Aug. 8-21
By Fortune EditorsAugust 21, 2026
Philanthropy has long been dominated by the wealthy. This $12 million campaign wants Black Gen Z to see it differently
MPW
Philanthropy has long been dominated by the wealthy. This $12 million campaign wants Black Gen Z to see it differently
By James Pollard and The Associated PressAugust 21, 2026
CFO turnover at America’s largest companies is on pace to hit 18.3%—the highest since the pandemic
C-Suite
CFO turnover at America’s largest companies is on pace to hit 18.3%—the highest since the pandemic
By Sheryl EstradaAugust 21, 2026
The bond market is sending CEOs a blunt message: Borrowing costs are going to go up
Newsletters
The bond market is sending CEOs a blunt message: Borrowing costs are going to go up
By Diane BradyAugust 21, 2026
sanjot
Commentary
AI productivity tools are overhyped and overfunded. Investors should look elsewhere
By Sanjot MalhiAugust 21, 2026
MacKenzie Scott gave California public education $461 million—and let the recipients decide how to spend every dollar
Success
MacKenzie Scott gave California public education $461 million—and let the recipients decide how to spend every dollar
By Sydney LakeAugust 21, 2026
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Success
The heiress of $10 billion Perdue Farms and the $12 billion Sheraton Hotels empire wore hand-me-downs, still rides the subway, and flies economyplaceholder alt text
By Emma BurleighAugust 30, 2026
Middle East
Iran's president admits 'we have many problems' and missiles 'are of no use' as the U.S. chokes its economy while weakening Tehran's grip on Hormuzplaceholder alt text
By Jason MaAugust 30, 2026
Economy
Six months into the Iran war, the global economy has pulled off a ‘Mission Impossible’ scene, and the Trump family is among the winnersplaceholder alt text
By Matt Sedensky and The Associated PressAugust 30, 2026
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