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.
U.S. President Donald Trump's threats to make the Strait of Hormuz part of U.S. territory have been mocked by Iran's Deputy Foreign Ministe...
For fishermen along Pakistan’s southwestern coast, the consequences of the U.S.-Iran conflict are being felt far from the battlefield....
At least 47 people have been killed after a magnitude 7.7 earthquake struck off eastern Indonesia early on Saturday, ...
Hundreds of flights have been cancelled or rerouted at Catania Airport over the past week as ash from Mount Etna’s ongoing eruption continues to disrupt air travel in Sicily.
Iran says the Strait of Hormuz remains under its control, rejecting U.S. President Donald Trump’s claim of “total control” over the strategic waterway and insisting it will not reopen until Washington fulfils its commitments under an interim deal.
The U.S. will impose unprecedented measures on Iran in order to economically isolate the country, U.S. Treasury Secretary Scott Bessent has said.
Wildfires across England and Wales have reached their highest level on record, according to the National Fire Chiefs Council, as firefighters struggle to contain outbreaks following a spell of extreme heat.
Record rainfall in Japan killed eight people and stranded thousands of travellers at Tokyo's Narita Airport on Friday, as flooding disrupted transport and cut power to 20,000 homes.
Russian President Vladimir Putin has praised deepening ties with North Korea, saying Moscow and Pyongyang are coordinating their efforts to ensure “regional security and stability”.
Russia and Ukraine traded large-scale overnight attacks targeting energy, industrial and military facilities on Saturday, with a three-month-old baby killed and 11 people injured in a Russian drone strike on a residential building in Ukraine’s Dnipropetrovsk region.
At least 47 people have been killed after a magnitude 7.7 earthquake struck off eastern Indonesia early on Saturday, triggering small tsunami waves and dozens of aftershocks, officials say.
Jason Arday, the former University of Cambridge professor at the centre of a plagiarism row, has been found dead. He was appointed Cambridge's youngest ever Black professor in 2023, but quit on 5 August, after being accused of lifting passages from his PhD from the work of other academics.
Wildfires across England and Wales have reached their highest level on record, according to the National Fire Chiefs Council, as firefighters struggle to contain outbreaks following a spell of extreme heat.
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