Tag: wealth
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OOPS! CNN Corrects Headline Saying 2% of Elon Musk’s Wealth ‘Could Solve World Hunger’
CNN tried to sell a false headline alleging that a fraction of the world’s richest man’s wealth could solve world hunger. CNN’s story was headlined, “2% of [Tesla co-founder and CEO] Elon Musk’s wealth could solve world hunger, says director of UN food scarcity organization.” The lede paragraph asserted that “A small group of ultra-wealthy…
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Tesla CEO Elon Musk may be the first person ever to be worth $300 billion soon
Elon Musk. Britta Pedersen-Pool/Getty Images Tesla CEO Elon Musk could soon become the first person ever to hit a net worth of $300 billion. Musk's current net worth is $287 billion – that's $91 billion more than Amazon founder, Jeff Bezos. Musk's wealth was bolstered by a rally in Tesla shares on Monday. Elon Musk's…
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Elon Musk’s wealth surged by $36 billion, the largest single-day gain Bloomberg’s ever recorded
Tesla CEO Elon Musk is the world's richest person by a nearly $100 billion margin. picture alliance / Getty Images Elon Musk's net worth jumped to $288.6 billion on Monday, according to Bloomberg. Tesla's market value surged 13%, passing $1 trillion for the first time and bolstering Musk's fortune. Musk is now nearly $100 billion…
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Elon Musk is putting up his Bay Area mansion up for sale again – it’s now 15% cheaper at $32 million
Tesla CEO Elon Musk Hannibal Hanschke Pool / Getty Images Elon Musk is putting up his Bay Area mansion up for sale for $32 million – 15% lower than its last listed price. The revised price comes just days after Musk announced Tesla is moving its headquarters from California to Texas. The billionaire said last…
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Wealthy CBS Host Sounds Socialist Ranting About Rich Leaving ‘Us’ With ‘Crumbs’
Super wealthy CBS This Morning co-host Tony Dokoupil channeled his inner socialist on Wednesday as he hyped a likely illegally-obtained ProPublica report that exposed the IRS documents of the 25 wealthiest Americans. At no time did the mega-rich Dokoupil worry about the ethics of how this were done or mention if he’d like his tax filings…
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The 6 richest Americans are worth more than the GDP of 13 US states combined, including Delaware, Maine, and Hawaii
Tesla CEO Elon Musk and Amazon CEO Jeff Bezos. John Locher/AP and Odd Andersen/AFP via Getty Images According to Forbes, six Americans are worth more than $100 billion, making them centibillionaires. Their combined fortune of $815 billion is just over the collective GDP of the US' 13 poorest states. Amazon CEO Jeff Bezos is worth…
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Mark Zuckerberg, Bill Gates, Elon Musk, and 6 of the other wealthiest US billionaires reportedly lost a combined $14 billion in a single day
Bill Gates and Mark Zuckerberg saw their net worths take a hit on Monday — but Bezos added to his wealth, with Amazon stock closing up. Susan Walsh/AP; Joshua Roberts/Reuters; Axel Schmidt/Getty Images Mark Zuckerberg, Bill Gates, Alice Walton, and 6 of the other 10-richest in the US lost a combined $14 billion after markets…
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Elon Musk is now worth $100 billion, half of Jeff Bezos
Tesla CEO Elon Musk. Joe Skipper/Reuters Elon Musk’s net value climbed above $100 billion on Wednesdaythe same day Amazon’s CEO Jeff Bezos cracked the $200 billion barrier.Musk’s individual wealth has jumped by $73 billion since the start of the year.Tesla’s stock has shot up 400% in 2020. Visit Business Insider’s homepage for additional stories. Tesla…
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This wealth-tech startup helps Indians invest in Google, Amazon, Facebook, and other US stocks
Winvesta had a start like no other. Incorporated in London in August 2019, the cross- border investment platform went live in India in March 2020, two days after the nationwide lockdown. “It was as good a time as any,” Founder and CEO Swastik Nigam tells YourStory. Winvesta founders Prateek Jain (left) and Swastik Nigam “We had…
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Jeff Bezos is now richer than even before
By Berber Jin along with Jack WitzigJeff Bezos’s net value has crushed through its prior peak, even after he relinquished a quarter of his own bet in Amazon.com Inc. as a part of a divorce settlement last year.Shares of the Seattle-based retailer jumped 4.4percent to a record $2,878.70 Wednesday, fostering the creator ’s world-leading fortune…