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.
Russian President Vladimir Putin said on Tuesday that Moscow does not seek a war with European powers, but is ready to fight if Europe chooses confron...
Azerbaijan’s Deputy Foreign Minister Yalchin Rafiyev says COP31 in Türkiye will strengthen regional climate cooperation, with Baku ready to share i...
President Nicolas Maduro on Tuesday approved a migrant repatriation flight from the United Sates days after Caracas said comments by U.S. President Do...
The FIFA Arab Cup 2025 has officially kicked off, bringing together 16 national teams from across the Arab world in a celebration of culture, competit...
Ukrainian President Volodymyr Zelenskyy said on Tuesday that he expects to hear from U.S. negotiators soon after they conclude their meetings in Mosco...
Elon Musk's dream of sending humans to Mars is becoming increasingly tangible, with SpaceX working on groundbreaking technology to make interplanetary travel a reality. But will the ambitious timeline hold up?
Elon Musk’s bold vision for the future of technology doesn’t stop at reshaping space exploration or electric cars. The Neuralink brain-chip technology he introduced in 2020 could mark the end of smartphones as we know them, and his recent statements amplify this futuristic idea.
Tesla CEO Elon Musk won shareholder approval on Thursday for the largest corporate pay package in history as investors endorsed his vision of morphing the electric vehicle (EV) maker into an artificial intelligence (AI) and robotics juggernaut.
Tesla has told the Delaware Supreme Court that Elon Musk’s $56 billion pay package should have been restored last year through a shareholder vote, as the company appeals a lower court ruling that rescinded the CEO’s record compensation.
A four-part docuseries executive produced by Curtis '50 cent' Jackson and directed by Alexandria Stapleton on Netflix is at the centre of controversy online.
Security concerns across Central Asia have intensified rapidly after officials in Dushanbe reported a series of lethal incursions originating from Afghan soil, marking a significant escalation in border violence.
Moscow and Kyiv painted very different pictures of the battlefield on Sunday, each insisting momentum was on their side as the fighting around Pokrovsk intensified.
Russia has claimed a decisive breakthrough in the nearly four-year war, with the Kremlin announcing the total capture of the key logistics hub of Pokrovsk just hours before United States mediators were due to arrive in Moscow.
U.S. President Donald Trump confirmed on Sunday that he had spoken with Venezuelan President Nicolas Maduro, but did not provide details on what the two leaders discussed.
Russian President Vladimir Putin said on Tuesday that Moscow does not seek a war with European powers, but is ready to fight if Europe chooses confrontation.
President Nicolas Maduro on Tuesday approved a migrant repatriation flight from the United Sates days after Caracas said comments by U.S. President Donald Trump had effectively halted the programme.
The FIFA Arab Cup 2025 has officially kicked off, bringing together 16 national teams from across the Arab world in a celebration of culture, competition, and football unity.
Ukrainian President Volodymyr Zelenskyy said on Tuesday that he expects to hear from U.S. negotiators soon after they conclude their meetings in Moscow, where discussions are focused on advancing a potential peace deal to end Russia’s war in Ukraine.
Global arms revenues hit a record 679 billion dollars in 2024, reflecting a sweeping rearmament drive across major powers and rising military pressures from Europe to the Middle East.
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