Elon Musk could become the first individual to reach a trillion-dollar net worth if Tesla shareholders approve a new compensation plan and he meets aggressive company goals over the next decade. The proposal, announced by Tesla’s board, would award Musk hundreds of millions of Tesla shares if he drives the company’s market value to $8.5…
As artificial intelligence wipes out jobs and compounds the environmental issues faced on Earth, tech billionaires have been touting what they see as the jobs of the future: working in space. “In 2035, that graduating college student, if they still go to college at all, could very well be leaving on a mission to explore…
CEOs with major controlling stakes in their billion-dollar companies have the power to make themselves richer and richer, but one 82-year-old tech leader isn’t cashing in for herself. Judy Faulkner, the CEO of Epic Systems, has been selling her non-voting shares back to the company—and redirecting the profits elsewhere. “I’ve never cashed a single share…
Kumail Nanjiani, the 47-year-old star of HBO’s acclaimed comedy Silicon Valley, which ran from 2014 to 2019, recently revealed he has met many people from the real-world Silicon Valley, and not everyone was a fan of the show’s depiction of startup culture. Chief among those people, he said, was Elon Musk, the CEO of Tesla and…
The Giving Pledge is a charitable campaign, launched in 2010 by Bill Gates and Warren Buffett, that invites the world’s wealthiest individuals and families to publicly commit to giving away at least 50% of their wealth to philanthropy, either during their lifetimes or in their wills. The Institute for Policy Studies’ report “The Giving Pledge…
Dancing to her own tune. Newlyweds Lauren Sánchez and Jeff Bezos were spotted hitting up a nightclub in Ibiza, Spain, Tuesday — but it wasn’t their presence that had people talking. In a video obtained by TMZ, the former journalist was seen giving it her all as she shook her hips and threw her head from side…
Even though he may seem like an easy-going, Coca-Cola-loving old man, he admits his leadership style can sometimes be “ruthless.” In fact, the billionaire sent a stark reminder to his manager every two years of his nonnegotiables, which include “to zealously guard Berkshire’s reputation,” something he believes is the foundation of the entire enterprise. “We…
Figma burst onto the public stock exchange last week, surging in share price by 333% and hitting a market cap of over $70 billion in just the first few days of trading. For investors bullish on startups, last week was a rejuvenation after a sluggish stretch in the IPO market. But for Figma cofounder and…
The Tesla board has reinstated CEO Elon Musk as the highest-paid in history with a staggering new $29 billion pay package. His new deal with the $970 billion electric-vehicle maker comes after a Delaware judge twice rescinded Musk’s previous moonshot megagrant. Musk’s pay has been held up in litigation for the past seven years. “It…
Elon Musk claims to have slashed billions of dollars worth of wasteful spending during his time as head of the Department of Government Efficiency (DOGE)—but his controversial role may have done more damage to his pocketbook than he anticipated. This year alone, Musk has lost some $80 billion in his net worth, bringing his current…