Twitter owner and Tesla boss Elon Musk briefly lost his title as the world's richest person on Wednesday, according to Forbes, following a steep drop in the value of his stake in the electric-car maker and a $44 billion bet on the social media firm.
Elon Musk, who has held the top spot on the Forbes list since September 2021, has a net worth of $185.7 billion. Musk took over the title from Amazon.com founder Jeff Bezos. FILE PHOTO
Bernard Arnault, the chief executive of luxury brand Louis Vuitton's parent company LVMH, and his family briefly took the title as the world's richest, but were back at No. 2 with a personal wealth of $185.3 billion, according to Forbes. Tesla shares, which have lost more than 47% in value since Musk made his offer to buy Twitter earlier this year, were down 2.7%.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Kanye West says Elon Musk could be 'half-Chinese' after Twitter suspensionAfter the suspension of his Twitter account, Kanye West didn't hold back and took a dig at Elon Musk. | via philstarlife
Read more »
As Musk is learning, content moderation is a messy job - BusinessMirrorNow that he’s back on Twitter, neo-Nazi Andrew Anglin wants somebody to explain the rules. Anglin, the founder of an infamous neo-Nazi website, was reinstated Thursday, one of many previously banned users to benefit from an amnesty granted by Twitter’s new owner Elon Musk. The next day, Musk banished Ye, the rapper formerly known as
Read more »
SMC in top 200 of Forbes 'World's Best Employers' listDiversified conglomerate San Miguel Corporation (SMC) was named Forbes Magazine’s annual list of the World’s Best Employers which includes 800 firms from some 57 countries.
Read more »
Elon Musk’s Neuralink Reportedly Facing Federal Investigation For Alleged Animal Welfare Act ViolationsElon Musk and Neuralink are under federal investigation for alleged animal welfare violations following complaints from internal staff. The CEO promised his company would provide microchip
Read more »
Factbox: What does Elon Musk's brain chip company Neuralink do?Founded in 2016 by Musk and a group of engineers, Neuralink is building a brain chip interface that can be implanted within the skull, which it says could eventually help disabled patients to move and communicate again, and also restore vision.
Read more »
'Lumindol?' Pinoys flock to Twitter to verify earthquake felt in Metro Manila, other areasSeveral personalities took to Twitter to post and/or verify if they felt an earthquake on Wednesday afternoon. State seismologists reported that a
Read more »