Synopsis
Elon Musk’s net worth surged to $500 billion, making him the first person in history to reach this milestone.
This was primarily driven by a rebound in Tesla’s shares and the increasing valuations of his AI startup xAI and rocket company SpaceX.
The Tesla board also proposed a $1 trillion compensation plan for Musk.
AgenciesElon Musk
After a rocky start to the year, Tesla shares have gained as investor sentiment improved, with Musk refocusing on his companies.
Tesla board chair Robyn Denholm said last month that Musk was back “front and center” at Tesla after months at the White House.
Shortly after, Musk revealed a purchase of about $1 billion worth of Tesla shares, signalling strong confidence in the company’s future as it transitions from an automaker to an AI and robotics leader.
Challenges remain for Tesla
Despite gains, sagging car sales and persistent margin pressures have weighed on Tesla’s stock, making it one of the weakest performers among the “Magnificent Seven” megacap tech stocks.
Last month, the Tesla board proposed a $1 trillion compensation plan for Musk, setting ambitious operational and financial goals while addressing his request for a larger stake in the company.
Other ventures boost Musk’s wealth
Musk’s AI startup xAI and space company SpaceX have seen their valuations climb this year.
xAI was valued at $75 billion as of July, per Pitchbook data.
CNBC reported in September that xAI was targeting a $200 billion valuation after a fundraise, though Musk said the company was not raising capital at that time.
In July, Bloomberg News reported that SpaceX was planning to raise funds and sell insider shares in a deal valuing the firm at about $400 billion.
Larry Ellison ranks second
Oracle founder Larry Ellison is the second-richest person on Forbes’ list, with a net worth of about $350.7 billion as of Wednesday.
News
🚨 BREAKING: Just minutes ago, Elon Musk stunned the sports world by announcing he has officially purchased the Dallas Cowboys for a jaw-dropping $7.5 billion 🏈💰. In a shocking twist, longtime owner Jerry Jones revealed he will be stepping away — and even leaving the United States — after cashing out in what may be the most dramatic move in NFL history. Musk, already the mastermind behind Tesla and SpaceX, now adds “NFL franchise owner” to his empire. Fans are divided: some are hopeful that Musk’s bold vision could rescue the Cowboys from years of inconsistency, while others fear the billionaire’s experimental style could turn “America’s Team” into a risky venture. No matter which side you’re on, one thing is certain: the Cowboys will never be the same again. The future of the NFL just changed in real time — and the world is watching|KF
7 MINUTES AGO: Elon Musk Buys the Dallas Cowboys for $7.5 Billion — Jerry Jones Leaves America The sports world…
💥 “DISNEY CUT HIM. AGAIN. JIMMY KIMMEL’S RESPONSE? A CBS MEGA-DEAL, AN ON-AIR MIC DROP, AND A PROMISE THAT SHOOK THE INDUSTRY TO ITS CORE 💣🎤” The stage went dark. The audience held its breath. Then Jimmy Kimmel, no longer tied down by Disney’s restrictions, delivered a line so sharp it split the late-night world in two. Cameras rolled, jaws dropped, and by the end of his fiery outburst, one truth was clear: this wasn’t the end — it was a revolution. Insiders reveal CBS wasted no time, securing Kimmel in a mega-deal that has already sent rival networks scrambling. Rumors swirl of a “first show” unlike anything TV has ever seen — cryptic, daring, and set to dismantle the old rules of late-night. Executives are panicking, fans are buzzing, and competitors are wondering whose chair will be pulled out next. Jimmy didn’t just survive being cut. He turned rejection into a weapon — and now, the entire industry is bracing for impact. 🔥 The question isn’t whether late-night will change. It’s who will survive the new era Jimmy just ignited|KF
“Disney & ABC can kiss my ass!” That was Jimmy Kimmel’s explosive declaration after being fired — again — from ABC,…
💥 “$50 MILLION LAWSUIT SHOCKER — John Roberts Takes Jimmy Kimmel to Court After Explosive On-Air Meltdown” 💥 What started as a seemingly harmless late-night segment has spiraled into one of the biggest media scandals of the year. In front of millions of viewers, Jimmy Kimmel blindsided television veteran John Roberts with a brutal attack — calling out his integrity, his work, and the very system he represents. The audience gasped, the cameras kept rolling, and the fallout has been nothing short of explosive. Now, Roberts is striking back with a massive $50 million lawsuit, accusing Kimmel of defamation and on-air assault that went far beyond comedy. Industry insiders say this case could reshape how late-night television handles interviews, pushing the boundaries between satire and slander. Fans are divided: some call Kimmel’s outburst “necessary truth-telling,” while others brand it reckless and cruel. Roberts, however, has made it clear — he’s not just defending his name, he’s defending the principles of journalism itself. 🔥 The courtroom battle is set to be as dramatic as the clash that started it all — and the world is watching every move|KF
What began as a routine late-night interview quickly spiraled into one of the most shocking confrontations in television history. Jimmy Kimmel went…
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