Before “influencer” was a job title, Stewart turned a discount-store licensing deal into nearly $2 billion in annual sales. Then the ImClone scandal cost her about $1 billion.

Gen Z is on track to be the “largest, wealthiest, and highest-spending generation to date,” according to Art Basel and UBS.

As Heineken battles falling beer sales, its European president is hoping that cost cuts, a restructure, and a push into alcohol-free beer can help slow the decline.

Casse built a global business spotting future champions—and learned that even the best judgment can’t guarantee a winning investment.