Elon Musk has become the first person in history to amass a net worth close to $500 billion, driven by rising Tesla shares and soaring valuations of his other ventures.
Musk’s wealth reached $499.5 billion as of 3:55 p.m. ET on Wednesday, according to Forbes’ billionaire index. The surge comes as Tesla’s stock continues to rally, rising more than 14% this year and nearly 4% on Wednesday alone, adding over $7 billion to Musk’s fortune.
The company’s board recently proposed a $1 trillion compensation package for Musk, highlighting his pivotal role as Tesla shifts its focus toward artificial intelligence and robotics.
His wealth has also been boosted by significant valuation gains at xAI, Musk’s artificial intelligence startup, and SpaceX, his space exploration company.
Oracle co-founder Larry Ellison remains a distant second on the Forbes list, with a net worth of about $351.5 billion as of Wednesday.
Baku Climate Action Week (BCAW) 2026 has begun in Azerbaijan’s capital, bringing together government representatives, business leaders, inves...
Pakistan faces a fresh test over preferential access to one of its biggest export markets as the European Union introduces a new GSP+ framework fro...
Kazakhstan plans to build an international Earth observation satellite network of up to 14 spacecraft, expanding a project already bringing togethe...
An eruption of Indonesia’s Mount Anak Krakatau has disrupted air travel, school activities and fishing operations, with hundreds of passengers stranded at Jakarta’s main airport on Sunday.
At least five people were killed and five others injured when an Amazon Prime Air cargo plane overran a runway and crashed while landing at Miami International Airport on Sunday, 6 September, local officials said.
Iranian Parliament Speaker Mohammad Bagher Ghalibaf said on Sunday that the United States must recognise that the “rules of the game” in its war against Iran had changed “before it is too late”, a day after Washington struck several Iranian tankers in the Gulf.
Two Greek military pilots were killed on Saturday when an F-4 Phantom fighter jet crashed during an air show at Tanagra air base, north of Athens, officials said.
Russian President Vladimir Putin held more than three hours of talks with U.S. envoys Steve Witkoff and Jared Kushner in Moscow on efforts to end the Ukraine war.
U.S. special envoys Jared Kushner and Steve Witkoff have held talks with Ukrainian President Volodymyr Zelenskyy in Kyiv on Sunday on efforts to end Russia’s war in Ukraine.
A battle over the future of the European Union’s diplomatic service is deepening divisions over who controls the bloc’s foreign policy, as EU foreign affairs chief Kaja Kallas pushes back against plans to overhaul her service.
The Strait of Hormuz is moving into a more complicated stage of the U.S.-Iran war. Tehran says it will establish a new restricted maritime zone around the waterway, while Iran and Oman are preparing to formalise a separate shipping route intended to restore at least part of commercial traffic.
The European Union is preparing to boost investment in Greenland, as Brussels moves to deepen political and economic ties with the Arctic territory amid growing strategic competition involving the U.S., Russia and China.
North Korean leader Kim Jong Un has said a newly commissioned destroyer will become part of the country's nuclear response system, capable of delivering what he described as “annihilating retaliatory strikes”.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment