Elon Musk joined a call between President-elect Donald Trump and Ukrainian President Volodymyr Zelenskiy, highlighting the billionaire entrepreneur’s influence within the incoming US administration. Musk was in the room when the call took place, according to the person familiar with the discussion. Trump put the phone on speaker to allow Musk to participate, the person,…
The fortunes of the ten richest people in the world surged by a daily record as Donald Trump won a second term as president. The net worth of billionaires led by Tesla Inc.’s Elon Musk, the world’s wealthiest person, surged by $63.5 billion on Wednesday, according to the Bloomberg Billionaires Index. Musk alone added $26.5…
Elon Musk vowed Tuesday to keep his political action committee going beyond the presidential election, a sign the world’s richest person is building a political machine that goes beyond his support of Republican nominee Donald Trump. “America PAC is going to keep going after this election,” Musk said on an X Spaces Tuesday. Musk said…
Elon Musk is accused of rampantly spreading election misinformation, and it has been a thorn in the side of election officials working double time to try and mitigate the spew of unfounded claims about meddling and alleged voter fraud. Some officials have even gone to measures like dispatching personal notes to the CEO of Tesla…
TikTok’s wild popularity has helped Zhang Yiming, the 41-year-old cofounder of the social network’s parent company ByteDance, become China’s richest person. According to Hurun Research Institute’s Hurun China Rich List 2024 released Tuesday, Zhang sits atop the list of the country’s wealthiest people for the first time with a reported net wealth of $49.3 billion….
As anxiety and anticipation build ahead of the Nov. 5 presidential election, political bettors are setting aside emotion and hunting for ways to profit off the mixed signals being sent by polls and prediction markets. While traditional voter surveys show a toss-up race, prediction markets have swung hard toward Donald Trump in recent days, pushing…
A November victory for Donald Trump would be more beneficial for investors holding stocks and Bitcoin relative to his Democratic opponent, while a Kamala Harris presidency would bring slightly more relief to housing costs, according to the latest Bloomberg survey. The stock market, up about 22% so far in 2024, is more likely to pick…
Elon Musk, already the richest man in the world, saw his wealth grow by an astonishing $34 billion in a single day on Thursday, cementing his lead atop the ultra-rich rankings. The surge in his net worth followed a blockbuster earnings report from Tesla that sent the company’s stock soaring by 22%, marking its best…
You know better than to buy high and sell low. And right now, markets are high. The S&P 500 is near its peak. On Monday, it recorded its 46th all-time high of 2024. The Nasdaq is up 33% from a year ago, the Russell 2000 some 30%. These records come paired with another reality: Lots…
The blistering rally in Chinese equities has catapulted nine of the nation’s tycoons back into the ranks of the world’s wealthiest. There were 55 Chinese business people included in the 500-member Bloomberg Billionaires Index as of the end of Tuesday. That compares with 46 on Sept. 23, just before the surge in China-linked stocks was…