Show Notes
Medici Brands, the parent company behind David protein bars and low-calorie, low-sugar candy brand HallPass, raised $250 million at a $2.25 billion valuation in early September. It was the biggest food industry deal so far this year. The transaction catapults its founder and CEO Peter Rahal, 40, who invested $20 million in the round (representing 8% of the fundraise), into the billionaire ranks. Medici’s biggest individual investor, with an estimated 70%, Rahal is now worth an estimated $1.9 billion.
Rahal, who sold his first company RxBar to Kellogg for $600 million in 2017, declined to comment other than to joke that he was broke. But he has said in the past that he’s invested at least $50 million in about 100 different businesses, including ready-to-eat oats brand Mush and Olipop, which is now valued at $2 billion. He previously had a stake in the better-for-you popcorn company LesserEvil, which was acquired by The Hershey Company for $750 million last year.
“He doesn’t have to go out for capital,” says one investor who didn’t want to be identified talking about Rahal. “It comes to him.”
Read the full story on Forbes: https://www.forbes.com/sites/chloesorvino/2026/09/25/rxbar-david-bars-founder-is-now-a-billionaire/ Learn more about your ad choices. Visit megaphone.fm/adchoices
More from Forbes Daily Briefing
The Chinese-owned social network has run dozens of ads promoting the sale of counterfeit currency. One even directed users to a Telegram account offering a discount code for 10% off fake money: “TikTok10.” Learn more about your ad choices. Visit megaphone.fm/adchoices
Stephen Curry was the NBA’s first unanimous MVP, in 2016. The first player to lead the league in 3-pointers four times, then five times, then six and seven and eight times. The first player to launch 10,000 attempts from beyond the arc—and the first to drain 4,000 of them.
IN SEPTEMBER 2025, staff from an environmental nonprofit descended on Trump National Golf Club in Jupiter, Florida. Over three days, they looked for the kind of things that excite naturalists—bird species, bat calls, plant varieties—then recorded their discoveries in a 180-page report. It barely mentioned the thing they were really looking for: a tax break for Donald Trump.
As CEO of the largest, most successful drugmaker on the planet, Dave Ricks sure spends a lot of time thinking about risk.
NBA teams don’t come up for sale often—two-thirds of the league’s control owners have been in place for at least a decade—which is one big reason why it was such a surprise that August featured two quick flips.