The 2024 Bloomberg Billionaires Index reveals that out of 500 wealthy people around the world who made the list, 190 American citizens made it onto the global list, translating to 38% of the top 500 billionaires in the world are in the United States. Within ultra-rich elite group, the top 100 billionaires in the U.S. stand … Read more
Elon Musk, the entrepreneur and founder of SpaceX, has achieved a milestone no one else has achieved in history, by reaching $400 billion fortune, according to Bloomberg’s 2024 Fortune List, solidifying his status as the wealthiest person in history. His relentless drive and groundbreaking ventures are behind his latest fortune and making him one of the few Ultra-High-Net-Worth … Read more
Terms like “High Net Worth Individuals (HNWIs)” and “Ultra-High-Net-Worth Individuals (UHNWIs)” are frequently used to differentiate the level of richness and wealth. Both differ in financial capability, investment strategies, and lifestyle choices. For instance, Oprah Winfrey, whose net worth was $3b and Aliko Dangote ($11.6b) as of November 2024, are not in the same category as … Read more
Starlink, a satellite-based internet service, is now active at a Gaza hospital with the support of Israel and the United Arab Emirates Media Office, says SpaceX founder Elon Musk. Although the billionaire did not disclose the name of the hospital in the war-ridden zone where users can use the internet service, there have been several calls for … Read more
It would be difficult for anyone to manage the affairs of Tesla under the “conditions that Elon would want and with the team that he has,” Tesla (TSLA) shareholder Ross Gerber has said. Gerber, the CEO of Gerber Kawasaki Wealth and Investment Management in reaction to advertisers fleeing Twitter – now X – over Musk’s … Read more
Controversy isn’t strange to Elon Musk, the World’s wealthiest man and the new owner of the microblogging platform Twitter. His determination to be the sole owner of Twitter began when he started buying Twitter shares and later became the largest shareholder of the social media platform in April 2022 with a 9.1% ownership stake. The … Read more