Elon Musk

Elon Musk’s Record $447 Billion Fortune Means He’s Nearly $200 Billion Ahead Of Jeff Bezos
13 Dec

Elon Musk’s Record $447 Billion Fortune Means He’s Nearly $200 Billion Ahead Of Jeff Bezos

Wontumi10 CommentsBusiness
Elon Musk is nearly $200 billion richer than Jeff Bezos, and personally worth more than Costco, after adding $63 billion to his fortune in a single day. His net worth surged to $447 billion on Wednesday, per the Bloomberg Billionaires Index, after Tesla stock jumped 6% and SpaceX’s valuation leaped to $350 billion based on employee share sales. Musk’s fortune has ballooned by $218 billion this year — a sum that exceeds the net worth of every other person on the rich list except Amazon’s Bezos ($249 billion) and Meta’s Mark Zuckerberg ($224 billion). Musk is now more than twice as wealthy as Oracle’s Larry Ellison ($198…
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Elon Musk Becomes First Person To Reach Net Worth Of $400 Billion
12 Dec

Elon Musk Becomes First Person To Reach Net Worth Of $400 Billion

Wontumi10 CommentsShowbiz,
The richest person in the world just hit an even higher milestone. Elon Musk’s net worth has reached $400 billion, according to Bloomberg, making him the first person ever to cross that mark. Behind his nearly $20 billion jump in wealth was a deal that shot up Musk’s rocket company SpaceX’s valuation to roughly $350 billion, Bloomberg reported Tuesday. SpaceX and its investors agreed to purchase as much as $1.25 billion of insider shares. CNN has reached out to SpaceX for comment, but the company typically does not respond to media requests. Since the aftermath of the 2024 US presidential…
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Elon Musk sends message to Cristiano Ronaldo after Champions League win
26 Nov

Elon Musk sends message to Cristiano Ronaldo after Champions League win

Evans Manasseh0 CommentsSports,
Tesla and social media platform, X owner, Elon Musk, has congratulated football icon, Cristiano Ronaldo, after the Portuguese netted twice in Al-Nassr’s 3-1 victory over Al-Gharafa in the AFC Champions League on Monday. Al-Nassr traveled to the Al Bayt Stadium on Monday for their fifth group game of the AFC Champions League. Ronaldo and Co were third in the Group B prior to the clash. After a goalless first half, Ronaldo put the visitors ahead in the 46th minute, powering home a cross from Sultan Al-Ghannam. Angelo Gabriel made it 2 for Al-Nassr in the 58th minute after a neat…
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Donald Trump Appoints Elon Musk To ‘Efficiency’ Role And Fox News Host As Defence Secretary
14 Nov

Donald Trump Appoints Elon Musk To ‘Efficiency’ Role And Fox News Host As Defence Secretary

Wontumi1Business,
Elon Musk, the wealthiest man in the world, has been a full-time presence at Trump’s Mar-a-Lago transition headquarters. According to media reports, he is advising the president-elect on cabinet nominees and even joined a conversation between Trump and Ukrainian President Volodymyr Zelensky last week. On Tuesday night, Trump announced that he was assigning Musk to work with tech entrepreneur and former Republican presidential candidate Vivek Ramaswamy in a "department of government efficiency" tasked with identifying new budget cuts. Musk’s political action committee spent around $200m to help Trump’s presidential campaign, and he promises to continue to fund the group’s efforts…
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What Elon Musk Could Gain From A Trump Presidency
07 Nov

What Elon Musk Could Gain From A Trump Presidency

Wontumi1Business,
Donald Trump’s return to the White House might also prove to be a win for one of his most visible supporters: Elon Musk. The world’s richest man spent election night in Florida with Trump at his Mar-a-Lago resort as returns came in. “The people of America gave @realDonaldTrump a crystal clear mandate for change tonight,” Mr Musk wrote on the social media platform X as Trump’s victory began to appear all but certain. And at his victory speech at the Palm Beach Convention Center, Trump spent several minutes praising Mr Musk and recounting the successful landing of a rocket manufactured…
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Elon Musk Unexpectedly Drops Case Against OpenAI
12 Jun

Elon Musk Unexpectedly Drops Case Against OpenAI

Wontumi2Business
Elon Musk has unexpectedly asked a California court to withdraw a legal case against OpenAI and its boss Sam Altman, which accused them of abandoning the firm's founding mission of developing artificial intelligence (AI) for humanity's benefit. The filing submitted by the multi-billionaire's lawyers asked for the months-old case to be dropped without offering any reason for the move. It came just a day before the court was expected to hear the ChatGPT-developer's bid to have the case dismissed. BBC News has contacted Mr Musk's lawyer and OpenAI for comment. The latest filing asked for the case's dismissal "without prejudice",…
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Elon Musk In China To Discuss Enabling Full Self Driving
29 Apr

Elon Musk In China To Discuss Enabling Full Self Driving

Wontumi1News,
Elon Musk is visiting Beijing with media reports saying he aims to discuss enabling autonomous driving mode on Tesla cars in China. Mr Musk wants to enable Full Self Driving (FSD) in China and transfer data collected in the country abroad to train its algorithms. FSD is available in countries including the US but not in China. The news came after a US report tied Tesla’s autonomous driving modes to at least 13 crashes, involving one death. During a meeting with Chinese Premier Li Qiang, Mr Musk was quoted by state media as saying Tesla was willing deep cooperation with…
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Luis Vuitton CEO Overtakes Elon Musk As Richest Man In The World
29 Jan

Luis Vuitton CEO Overtakes Elon Musk As Richest Man In The World

Wontumi1News, ,
Bernard Arnault, the billionaire chairman and CEO of global luxury goods company LVMH—the entity behind dozens of luxury goods brands like Louis Vuitton and Sephora—is now the richest man in the world, passing Elon Musk. Arnault and his family’s net worth grew to $207.8 billion after a $23.6 billion increase on Friday, passing Musk’s $204.5 billion, according to the Forbes real-time billionaires list. The news comes as Musk’s Tesla struggled in the stock market Thursday, dropping 13%, with Musk losing more than $18 billion in net worth. Meanwhile, LVMH shares were soaring Friday, up over 13% as of 11 a.m. on the heels of…
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Major Brands Halt Advertising On Elon Musk’s X Platform
18 Nov

Major Brands Halt Advertising On Elon Musk’s X Platform

Wontumi2Business,
A torrent of prominent brands halted their advertising on X on Friday, dealing a massive reputational blow to Elon Musk’s social media company after his public embrace this week of an antisemitic conspiracy theory favored by White supremacists. The high-profile advertiser revolt includes some of the world’s largest media companies, such as Disney, Paramount, NBCUniversal, Comcast, Lionsgate and Warner Bros. Discovery, the parent of CNN. X also reportedly lost Apple, according to multiple news outlets including Axios, which first reported Apple’s withdrawal. Apple did not respond to multiple requests for comment. The dizzying pace and scope of the withdrawals from…
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Elon Musk: Social Media Platform X Could Go Behind Paywall
19 Sep

Elon Musk: Social Media Platform X Could Go Behind Paywall

Wontumi1News,
Elon Musk has suggested that all users of X, formerly called Twitter, may have to pay for access to the platform. In a conversation with Israeli Prime Minister Benjamin Netanyahu, the billionaire said a payment system was the only way to counter bots. "We're moving to having a small monthly payment for use of the system," the Tesla and SpaceX boss said. The BBC approached X for further details but has not yet received a statement from the company. It is unclear whether this was just an off-the-cuff comment, or a signal of firmer plans that have yet to be…
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