Michele Ferrero, one of the richest men in the world, took his family's candy business and made a literal mint. (credit:

Creator Of Nutella, Italy’s Richest Man Dies At 89

The company’s brand includes Nutella (first sold in 1964), Kinder, Tic Tacs, Mon Cheri and Kinder Eggs.


(credit: CBS)

Forbes Names Riverside As 8th Coolest City In America

The city of Riverside has claimed the No. 8 spot in Forbes magazine’s 2014 list of America’s Coolest Cities.

CBS2 / KCAL9–08/07/2014

(Christopher Polk/Getty Images for Coachella)

Beyoncé Tops Forbes Celebrity 100 List

Beyoncé’s empire is getting a boost from Forbes.


2007 MLB All-Star Game

Yankees Still Kings Of Value, Forbes Values Them At $2.5 Billion; Dodgers 2nd At $2 Billion

Forbes ranks the New York Yankees as baseball’s most valuable team for the 17th straight year and lists the Tampa Bay Rays with the lowest valuation.


FILE PHOTO (credit: Getty Images)

Pomona College Named 2nd-Best College In US, Tops Harvard, UCLA

Move over, Harvard, Yale, and Princeton.


(credit: Thinkstock)

Why You Should Wait Until 2016 To Sell Your Home

Planning to sell your home? You may want to wait until 2016 before listing it.


LOS ANGELES, CA - DECEMBER 25: Metta World Peace #15 of the Los Angeles Lakers pulls down a rebound against the New York Knicks at Staples Center on December 25, 2012 in Los Angeles, California.  (Photo by Andrew D. Bernstein/NBAE via Getty Images)

Forbes: Knicks Top Lakers As Most Valuable NBA Franchise

The New York Knicks have surpassed the Los Angeles Lakers as the most valuable team in the NBA, according to Forbes’ annual study.


TCU v Texas

Forbes: Texas Longhorns Is Most Valuable College Football Program, USC Is 16th

Texas has the most valuable college football program in the nation, according to Forbes Magazine.


(credit: AEG)

Forbes: AEG Valued At Least $8 Billion

The sports and entertainment giant AEG is said to be valued at least ‘$8 Billion’ according to a Forbes source that isn’t allowed to speak.


Los Angeles Dodgers v St. Louis Cardinals, Game 3

Dodgers Ranked 2nd, Behind Yankees, On Forbes’ MLB Franchise Values

Forbes’ annual report finds the average value of Major League Baseball teams has increased 16 percent from last year to an all-time high of $605 million.


Phoenix Suns v Los Angeles Lakers, Game 1

Forbes: Lakers Are Most Valuable Franchise In NBA

The Los Angeles Lakers have surpassed the New York Knicks as the NBA’s most valuable team, according to Forbes’ annual report.


Actress Drew Barrymore (photo credit: Jason Merritt/Getty Images)

Forbes Magazine Names ‘Hollywood’s Most Overpaid Stars’

This is one Forbes list celebrities don’t want to be on.


An Oakland Raiders fan holds an Al Davis R.I.P. sign before the Raiders played against the Houston Texans on Sunday. With Davis' passing, new speculation of the franchise moving to Los Angeles is bound to come up. (credit: Thomas B. Shea/Getty Images)

Experts: Raiders Return To LA Could Boost Team Value By 500 Percent

In the wake of Raiders owner Al Davis’ death, new rhetoric is bound to spring up about the franchise’s future in Oakland, undoubtedly sparking new rounds of discussion as to whether the Raiders would return to Los Angeles.


(credit: David McNew/Getty Images News)

Forbes’ List Of America’s Top Colleges Snubs Most Local Schools

Forbes has released its annual list of America’s Top Colleges and Southland schools – except for one – aren’t at the top of the list.

CBS Los Angeles–08/03/2011

Los Angeles Lakers Media Day

Forbes Ranks Dodgers 38th In Most Valuable Franchises, Lakers At 48

Forbes has broken out its most monetarily valuable sports teams, ranking the top 50.