Elon Musk becomes the first person to reach a net worth of $400 billion
CNN
Elon Musk’s net worth has reached $400 billion, according to Bloomberg, making him the first to ever reach that level of wealth.
The richest person in the world just hit an even higher milestone. Elon Musk’s net worth has reached $400 billion, according to Bloomberg, making him the first person ever to cross that mark. Behind his nearly $20 billion jump in wealth was a deal that shot up Musk’s rocket company SpaceX’s valuation to roughly $350 billion, Bloomberg reported Tuesday. SpaceX and its investors agreed to purchase as much as $1.25 billion of insider shares. CNN has reached out to SpaceX for comment, but the company typically does not respond to media requests. Since the aftermath of the 2024 US presidential election, Musk has enjoyed a huge surge in his personal wealth. An alliance with President-elect Donald Trump has pushed his ventures to the forefront. Musk is the chief executive of Tesla and SpaceX, as well as the owner of X and CEO of other ventures, including Neuralink, xAI and the Boring Company. Now, along with Vivek Ramaswamy, he will oversee a new “Department of Government Efficiency” (DOGE), named after a memecoin.
A federal judge in Oregon blocked Kroger’s proposed $25 billion tie-up with Albertsons, ruling that the largest merger in US supermarket history would limit competition and harm consumers.
Walgreens is reportedly looking to take itself private in a deal with Sycamore Partners, sending the stock nearly 20% higher Tuesday.
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Chinese leader Xi Jinping has warned the United States against restarting a trade war, saying there would be “no winners” even as he vowed to defend the country’s economic interests.
The global airline industry will likely rake in more than $1 trillion in revenue next year, as passenger numbers look set to hit an all-time high of 5 billion, the International Air Transport Association said Tuesday.
President-elect Donald Trump views tariffs as a not-so-secret weapon — one that can be deployed to pressure friends and foes alike to address issues from drug trafficking and illegal immigration to the dominance of the US dollar.
Two families have sued artificial intelligence chatbot company Character.AI, accusing it of providing sexual content to their children and encouraging self-harm and violence. Theirs is the second lawsuit filed against Character.AI over youth safety concerns since October.
Former Florida congressman Matt Gaetz is expected to announce he is joining One America News Network as an anchor, a source familiar told CNN.
Rupert Murdoch cannot amend his family trust to put the power of his media companies in the hands of his chosen successor, a Nevada commissioner has ruled.
Google on Monday said that it has overcome a key challenge in quantum computing with a new generation of chip, solving a computing problem in five minutes that would take a classical computer more time than the history of the universe.
Mondelez, the maker of Oreo and Cadbury, is reportedly exploring an offer to buy rival Hershey Company to potentially create one of the world’s largest candy companies.