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.
Shipping through the Strait of Hormuz slowed to a near standstill over the weekend, with five commodity vessels transiting Saturday and none on Sun...
Rescuers in eastern Indonesia will search collapsed buildings on Monday for survivors who may still be trapped under the rubble after a deadly eart...
More than 183,000 customers across Hawaii were without power as Tropical Storm Lala weakened after bringing hur...
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.
At least 11 people were killed in Israeli strikes on southern Lebanon on Saturday, among the deadliest since a June ceasefire. Meanwhile, Qatar denied holding Iranian pilots. It said it had found the remains of one pilot after an airspace violation and had contacted Iran to coordinate a handover.
A wildfire in Croatia driven by strong winds descended on the tourist town of Omis overnight, engulfing houses, forcing about 1,000 people to evacuate to safety and injuring dozens, fire brigade and health officials said on Friday.
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 Minister, Kazem Gharibabadi, who said the sea passage "cannot be seized by tweet."
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.
Rescuers in eastern Indonesia will search collapsed buildings on Monday for survivors who may still be trapped under the rubble after a deadly earthquake killed at least 53 people. The country is marking its Independence Day as it reels from the latest tremors.
More than 183,000 customers across Hawaii were without power as Tropical Storm Lala weakened after bringing hurricane-force winds, heavy rain, and flooding to the islands.
Canadian measures aimed at preventing terrorist financing can obstruct legitimate humanitarian work by Muslim charities, particularly when aid is destined for countries considered high-risk, according to a new study.
U.S. President Donald Trump has ordered a significant reduction in planned joint military exercises with South Korea, citing their cost and his relationship with North Korean leader Kim Jong Un.
Firefighters are battling Belgium’s largest wildfire on record, with a blaze in the High Fens nature reserve burning around 3,000 hectares of land and spreading towards the German border, local authorities said.
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