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Tesla and SpaceX boss, who also owns the social platform X and AI startup xAI, saw his fortune surge as Tesla’s stock value jumped roughly 14% this year, pushing his wealth to $499.1 billion after a brief peak at $500 billion. The rise in Musk’s net worth is largely tied to Tesla’s strong market rebound. […]
Continue ReadingThe world is full of parallels. But some parallels are stranger than others. Where, for instance, are the similarities between Nasir el-Rufai, former governor of Kaduna State, and Elon Musk, the world’s richest man? On the surface, there’s clear blue water between them: one is a modestly successful technocrat, administrator and politician in Nigeria; the other is […]
Continue ReadingBritish News Publisher, The Guardian, has announced its decision not to publish posts on X social media anymore. In its statement, the Guardian cited the presence of offensive content on the platform, such as racist, toxic and conspiracy-driven materials. The Guardian, with a following of 10.7 million on X, becomes the first prominent media organization […]
Continue ReadingBillionaire entrepreneur, Elon Musk’s brain-chip startup company, Neuralink has announced that it has received approval from an independent review board to begin recruitment for the first human trial of its brain implant for paralysis patients. Those with paralysis due to cervical spinal cord injury or amyotrophic lateral sclerosis may qualify for the study, it said […]
Continue ReadingTwitter’s owner Elon Musk and its new CEO said Sunday that the social media network would ditch its bird logo, be rebranded with the name X and move quickly into payments, banking and commerce. Founded in 2006, Twitter takes its name from the sound of birds chattering, and it has used avian branding since its […]
Continue ReadingWorld’s richest man and CEO of Moët Hennessy Louis Vuitton (LVMH), Bernard Arnault, lost $11.2 billion in one day, but he is still wealthier than Elon Musk. Musk is the second richest man in the world, with a net worth of $180 billion, $12 billion less than the 74-year-old CEO’s own $192 billion. LVMH, which […]
Continue ReadingBillionaires possess an inordinate amount of wealth that gives them the power to influence the world around us from the economy, to politics, our media and much more. This group of people is highly elite and many of them are the founders of major technology giants or other corporations that we interact with in our daily lives. […]
Continue ReadingElon Musk has lost his title as the world’s richest person after selling Tesla stocks to fund the $44 billion purchase of Twitter. Bernard Arnault, the chief executive of luxury brand Louis Vuitton’s parent company LVMH, and his family took the ‘world richest’ title with a personal wealth of $185.4 billion, according to Forbes. Musk, who […]
Continue ReadingMoving up steadily, Nigeria’s Aliko Dangote has become the 63rd richest billionaire in the world, according to the latest ranking by Bloomberg. In the ranking released on Wednesday, Elon Musk, the Chief Executive Officer of Tesla, is listed as the richest billionaire. Dangote, who moved up 37 places on the recent Bloomberg billionaire list, is […]
Continue ReadingWorld’s richest man, Elon Musk said Tuesday that his purchase of Twitter would not go ahead unless he was assured that fewer than five percent of accounts on the platform were fake. “Yesterday, Twitter’s CEO publicly refused to show proof of <5%,” tweeted Musk, who has almost 94 million followers on the social network. “This deal […]
Continue ReadingElon Musk on Tuesday said he would lift Twitter’s ban on former US president Donald Trump if Musk’s deal to buy the global messaging platform is successful. “I would reverse the permanent ban,” the billionaire said at a Financial Times conference, noting that he doesn’t own Twitter yet, so “this is not like a thing […]
Continue ReadingTwitter on Monday confirmed it is selling the platform to billionaire entrepreneur Elon Musk in a deal valued at $44 billion. The sale was a dramatic shift for the board, which had originally maneuvered to block Musk from taking the social media network private. “Free speech is the bedrock of a functioning democracy, and Twitter […]
Continue ReadingThe outspoken and envelope-pushing chief executive of Tesla, Mr. Elon Musk, overtook Amazon boss Mr. Jeff Bezos to become the world’s wealthiest person, US media reported Thursday. Musk is a major shareholder of the electric car company and has benefited from Tesla’s surging share price over the last year. CNBC estimated Musk’s wealth at $185 […]
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