Elon Musk's net worth hits all-time high

Tesla owner becomes the richest person in the world after his fortune surges $70 billion following Trumps win
Tesla owner becomes the richest person in the world after his fortune surges $70 billion following Trump's win

The richest person in the world, Elon Musk, hits an all-time high net worth after Donald Trump’s win in presidential elections.

According to the Bloomberg Billionaires Index, as of November 23, 2024, the Tesla owner's net worth surged to a record $348 billion for the first time ever, beating his previous record from November 2021, when his net worth exceeded $340 billion.

Trump’s win in the election marked a turning point for Musk as his electric car company Tesla stock price skyrocketed by 40% since Election Day, November 5, 2024.

As per the Bloomberg Index, the 53-year-old largest individual shareholder of Tesla has $83 billion in wealth since the US election, officially making him the richest person globally.

Moreover, the Wall Street Journal also reported that his artificial intelligence startup, xAI, value jumped to $50 billion, more than double what it was a few months ago.

Notably, Trump has also named Musk along with Vivek Ramaswamy as the head of the new Department of Government Efficiency (DOGE).

Furthermore, Amazon founder Jeff Bezos is the second richest person in the world with a net worth of $219 billion, while the founder and largest shareholder of Oracle is the third richest person with financial wealth of $206 billion.

Read more : Sci-Tech
ChatGPT use for news jumps 212% as millions ditch Google searches
ChatGPT use for news jumps 212% as millions ditch Google searches
Most people are using ChatGPT for news focus on current topics like the stock market, finance, sports and weather
WhatsApp to add 'draft message' filter for easier unsent chat search
WhatsApp to add 'draft message' filter for easier unsent chat search
This new feature will create a separate draft list inside the chats tab which will help users easily find and view all unsent chats
US, China to begin TikTok talks as Trump claims deal 'pretty much' done
US, China to begin TikTok talks as Trump claims deal 'pretty much' done
Donald Trump plans to discuss TikTok deal with President Xi Jinping next week
WhatsApp to launch free broadcast message trial for businesses
WhatsApp to launch free broadcast message trial for businesses
With this feature, the business will receive a fix number of free broadcast message credits each month
Threads’ latest ‘DMs’ feature sparks mixed reactions from users
Threads’ latest ‘DMs’ feature sparks mixed reactions from users
Women have cited harassment concerns for Threads' latest feature, mentioning that it poses a significant privacy risk
Apple to bring larger battery in iPhone 17 Pro Max than its predecessor: Report
Apple to bring larger battery in iPhone 17 Pro Max than its predecessor: Report
Apple’s iPhone 17 Pro Max model to feature 5,000 mAh battery, marking a significant upgrade from its predecessor
Google’s customisable Gemini chatbots now available in Docs, Sheets, and Gmail
Google’s customisable Gemini chatbots now available in Docs, Sheets, and Gmail
The latest feature is currently accessible for Google Workspace customers who have access to Gemini in the side panel
Google minimises Pixel 6a battery life with significant Android 16 update
Google minimises Pixel 6a battery life with significant Android 16 update
The update will allow critical battery management features on the Pixel 6a
Amazon set to phase out ‘Freevee’ streaming service in August
Amazon set to phase out ‘Freevee’ streaming service in August
Amazon's complete catalogue will be incorporated into Prime Video, including series, Freevee Originals, and more
OpenAI to shut down its operations this week
OpenAI to shut down its operations this week
OpenAI is providing a compulsory, paid week-long break to minimise burnout among employees who work for 70-80 hours every week
Google rolls out Veo 3 to all Pro Gemini subscribers worldwide
Google rolls out Veo 3 to all Pro Gemini subscribers worldwide
Google's most advanced AI video model has been announced for users all over the world
OpenAI denies partnership with Robinhood for stock tokens
OpenAI denies partnership with Robinhood for stock tokens
The tech giant has advised customer to be careful as it denies any affiliation with the stock tokens by Robinhood