Global News

[ad_1] Elon Musk, the owner of social media platform and microblogging service X and the renowned company Tesla, which mainly manufactures cars in the United States, has once again reclaimed the title as the world’s richest person. According to Bloomberg Billionaires Inde, tech tycoon Elon Musk’s wealth has surged to $232 billion in 2023, a $92 billion increase in the past year. According to Bloomberg’s report, Elon Musk’s wealth has increased due to a 12.95% stake in his company Tesla (an automotive company), which has performed exceptionally well this year. The world’s most expensive carmaker concluded the year with a market value of $248 billion, which is 130% higher than the previous year. In addition, despite the ups and downs of the microblogging website X (formerly Twitter), Elon Musk’s wealth increased. According to Bloomberg Billionaires Index, there has been an increase of more than $1.5 trillion in the combined wealth of the world’s 500 richest individuals this ...

[ad_1] X, the social media platform formerly known as Twitter, is now worth an estimated 71.5% less than it was when Elon Musk  purchased the platform in Oct. 2022 , according to a Fidelity securities filing dated Dec. 30, 2023. The asset management firm, which owns an equity stake in the company under X Holdings Corp.,  previously slashed X's valuation to a third of Musk's $44 billion purchase price in May of last year. The new valuation from  Fidelity's Blue Chip Growth Fund , which reported data through Nov. 30, 2023, estimates that its shares of X are worth $5.3 million — down from an estimated $6.3 million in October and far from the $19.66 million valuation of its stake just prior to Musk's takeover. Elon Musk speaks onstage during The New York Times Dealbook Summit 2023 on November 29, 2023, in New York City.  Slaven Vlasic/Getty Images for The New York Times ...