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.
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Uzbekistan is entering what regulators describe as the most complex phase of its banking reform, as the country moves to align its financial system wi...
Russian President Vladimir Putin has been invited to join his U.S. counterpart's Gaza Board of Peace, the Kremlin says. Moscow says it is studying the...
The German and French finance ministers said on Monday that European powers would not be blackmailed and that there would be a clear and united respon...
An explosion at a steel plate factory in China's northern region of Inner Mongolia killed two people and injured 84, Inner Mongolia Baotou Steel Union...
Tens of thousands of users were left unable to access Elon Musk’s social media platform X on Friday, with outages reported across multiple countries including the United States, the United Kingdom, Canada and Australia.
The UK’s media regulator Ofcom has launched a formal investigation into the social media platform X, owned by US billionaire Elon Musk, over concerns that its artificial intelligence tool Grok has been used to generate sexualised images of women and children.
Iranian authorities have taken steps to disrupt access to Starlink satellite internet, according to users and digital-rights groups, in what appears to be the latest effort to tighten control over people’s access to the internet inside the country.
U.S. President Donald Trump says he plans to speak with billionaire Elon Musk about restoring internet access in Iran, where authorities have imposed a near-total blackout amid nationwide anti-government protests.
Italian Prime Minister Giorgia Meloni said on Saturday (17 January) that concerns over security in Greenland should be addressed within the framework of NATO, describing a ground military intervention as highly unlikely.
Elon Musk is seeking up to $134 billion from OpenAI and Microsoft, arguing that the companies profited unfairly from his early support of the artificial intelligence firm, according to a court filing made public on Friday.
European leaders voiced growing alarm on Sunday over U.S. threats to impose tariffs on eight NATO allies, warning the move could destabilize transatlantic relations and heighten tensions in the Arctic.
Trump administration officials held months-long discussions with Venezuela’s hardline interior minister Diosdado Cabello before the U.S. operation that led to the seizure of President Nicolás Maduro, according to multiple people familiar with the matter.
Syrian President Ahmed al-Sharaa has signed a decree recognising Kurdish language rights, as government forces advanced against U.S.-backed Kurdish-led fighters despite U.S. calls for restraint.
The German and French finance ministers said on Monday that European powers would not be blackmailed and that there would be a clear and united response to U.S. President Donald Trump's threats of higher tariffs over Greenland.
An explosion at a steel plate factory in China's northern region of Inner Mongolia killed two people and injured 84, Inner Mongolia Baotou Steel Union said on Monday, adding that eight are missing.
Japan’s Prime Minister Sanae Takaichi said on Monday (19 January) she would call a snap national election on 8 February, seeking a popular mandate for higher public spending, tax cuts and a new security strategy expected to accelerate Japan’s defence build-up.
Global political and business leaders opened the World Economic Forum’s (WEF) 56th Annual Meeting dubbed "A Spirit of Dialogue," on Monday in Davos to discuss geopolitical tensions, economic uncertainty and the rapid rise of frontier technologies.
Russian President Vladimir Putin has been invited to join his U.S. counterpart's Gaza Board of Peace, the Kremlin says. Moscow says it is studying the proposal and hoping for contact from Washington, DC.
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