New Delhi: Tesla boss Elon Musk’s fortune briefly touched the $500 billion mark on Tuesday after Tesla’s stock rallied over 3 per cent. The tech mogul’s wealth settled at $486 billion on Tuesday, according to the Bloomberg Billionaires Index. The billionaire’s wealth is tied to Tesla in which he owns a 13 per cent stake in the EV carmaker.
Musk also owns key companies such as SpaceX, Neuralink, xAI, X (formerly Twitter), and the Boring Company. The Bloomberg Billionaires Index shows that a majority of the world’s top 10 richest billionaires are tech moguls.
From Google founders Larry Page ($174 billion) and Sergey Brin ($164 billion) to Oracle chief Larry Ellison ($193 billion) and Microsoft co-founder Bill Gates ($165 billion), tech billionaires dominate the world’s richest billionaires list. Former Microsoft Chairman Steve Ballmer ($157 billion) is also on the list. The Oracle of Omaha with a fortune of $143 billion rounds up the top 10 billionaire list, according to the Bloomberg Billionaires Index.
Elon Musk says Starlink inactive in India
Musk on Tuesday stated that Starlink was inactive in India after a device carrying the Starlink logo was recovered from Manipur and was included in a list of 29 weapons which included sniper rifles among others shared in a social media post by the Indian Army’s Spear Corps. Calling it false, Musk added that Starlink satellite beams are turned off in India.
This is false. Starlink satellite beams are turned off over India.
— Elon Musk (@elonmusk) December 17, 2024
Adani and Ambani not in top 10 richest list
Reliance Industries chairman Mukesh Ambani ($94.6 billion) and Adani Group chairman ($79.9 billion) are out of the world’s top 10 billionaires list after a significant decline in their respective fortunes. The two Indian industrialists are ranked 17 and 19, respectively.
Indian indices have witnessed selling from FIIs who are looking for more lucrative investment opportunities since Donald Trump was re-elected US President, thus driving up the dollar. The China stimulus package has also seemingly enticed foreign investors away from Indian markets. Lastly, the US Federal Reserve’s twin rate cuts have also raised FIIs’ hopes about opportunities elsewhere.
However, while Ambani’s wealth was hit by the decline in RIL’s petrochemicals business, Adani’s net worth was hit by a US DoJ and US SEC notice related to alleged kickback payments to Indian officials by the Adani group chairman, his nephew and other officials of his group companies. Adani Group has denied these allegations.
Tesla boss Elon Musk briefly became the world’s first penta centibillionaire. Know what drove up his fortune and how other billionaires performed. Biz News Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
