Tesla Chair Robyn Denholm urged shareholders to back a proposed $1 trillion compensation package for CEO Elon Musk, warning in a letter Monday that the company risks losing “significant value” if the deal fails and Musk opts to step down as chief executive. The plea to investors comes ahead of Tesla’s annual shareholder meeting on…
Mark Cuban says that the elimination of billionaires would trigger a stock market crash, potentially erasing the savings of average Americans. In a post on BlueSky last week, Cuban opposed the idea that wealth inequality could be mitigated by taxing or capping the wealth of billionaires. Cuban, who has built a $6 billion fortune through tech startups, investments,…
Already the world’s richest man, Elon Musk is defending his proposed $1 trillion Tesla pay package—arguing it’s less about joining the trillionaires club and more about making sure he can’t be sidelined. “I just don’t feel comfortable building a robot army here and then being ousted because of some asinine recommendations from ISS and Glass…
Billionaires and tech CEOs have shared two distinct views on humanity’s future when it comes to AI: Some think it’ll wipe out all jobs and spell the end of civilization as we know it, while others hope it could lead to a utopian world—and Jeff Bezos is firmly in the latter category “I don’t see…
In 2022, Elon Musk acquired Twitter, now known as X, stating it was to promote a “digital town square, where a wide range of beliefs can be debated in a healthy manner.” Upon his purchase, Musk loosened content moderation policies and reinstated many previously banned accounts, including that of President Donald Trump. In this excerpt…
The “Warren Buffett Indicator” is a simple yardstick that compares the total U.S. stock market’s value to the size of the U.S. economy. It’s recently surged above 200%, a level Buffett once warned is like “playing with fire,” signaling stretched valuations versus economic output. It’s soared because market values have risen far faster than GDP,…
Elon Musk’s estranged father, Errol Musk, has been accused of sexually abusing five of his children and stepkids. The former politician — who has vehemently denied the claims — and his billionaire son have had a strained relationship due to the accusations of child sex abuse from several of their relatives, according to a bombshell…
Legendary billionaire investor Ray Dalio has issued a stark warning about the future of the United States and the United Kingdom, stating he is not optimistic about either nation’s trajectory and believes “we’re heading into very, very dark times.” Drawing on his own proprietary study of 500 years of history, the founder of the world’s…
Attendees at Fortune’s Brainstorm Tech conference last week witnessed a demonstration of both technological innovation and human resilience when Noland Arbaugh, the first human recipient of Neuralink’s brain-computer interface (BCI) chip, played chess using only his thoughts. Arbaugh also shared candid insights into his pioneering journey, including his memorable first encounter with Neuralink’s cofounder and…
Oracle co-founder and chairman Larry Ellison has dramatically shaken the billionaire landscape with a staggering $70 billion surge in a single day, narrowing the gap with Elon Musk, the world’s richest person. This extraordinary gain follows Oracle’s better-than-expected quarterly results and an aggressive growth forecast, particularly in cloud computing and AI services. Ellison’s net worth…