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Tag: elon musk
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Tesla CEO, Elon Musk is now second on the list of the world’s billionaires as Bernard Arnault takes the top spot.
Musk, 51, who bought Twitter for $44billion, last year earned the top spot on the Forbes World Billionaires list, which reckoned he had a net worth of $216bn.
However, it seems he is now in second place behind Bernard Arnault, 74, the chairman of French luxury goods giant LVMZ, which owns brands such as Louis Vuitton, Christian Dior and Tiffany & Co.
CNN reported that Arnault was able to overthrow Musk in the annual list after his net worth grew more than $50bn to $211bn, as Musk’s net worth slumped to $180bn, $39bn less than it was last year, thanks to the purchase of Twitter which was funded by Tesla shares.
Forbes said: “Musk has mostly tweeted himself out of the top spot on the ranks.”
However, Musk’s SpaceX valuation increased from $13bn to $140bn in just the past year.
Still, that proved to not be enough to compete with Arnault, 74, who had a “banner year” in 2022 due to record-high profits at his companies.
Frenchman Arnault first appeared on Forbes’ billionaires’ list in 1997, when he was worth just $3.6bn, with his wealth subsequently growing due to the 70 luxury brands he owns.
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An engineer at Twitter, one of the most popular social media sites, complains about the unprofessional manner in which his termination letter was sent.
Matt Shaver, a five-year employee of Twitter Inc., uses the platform to bemoan the condition of his termination letter, which arrived in the form of a “meme.”
This comes after Elon Musk, a billionaire businessman, bought the social site and started firing lots of employees.
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Matt expressed his surprise at receiving his termination notice as a meme rather than via phone, text, or any official channel while posting a video on Twitter through his page.
The engineer claims that the meme with the tagline “Time to leave the nest” was provided to him via email by the new Human Resources manager, who goes by the name Hannah. You’re let go.
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Elon Musk, a business magnate and the richest man on earth, has named Ghanaian singer Black Sherif as his top musical preference.
Elon Musk claimed that he like Black Sherif’s music because he can identify with it and because it is his style of music.
Given the number of people who would be curious to know Elon Musk’s favorite musician after viewing the interview, this is a significant endorsement for Blacko.
Mr. Musk stated that he even performed a song by Black Sheriff the day before the interview and that he was looking forward to meeting him soon.
Watch the video here:
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The richest man on earth, Elon Musk revealed during an interview with journalist, Joanna Stern on Monday, Dec. 6, that here are not enough people on earth and civilization will crumble if birth rates keeps declining.
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The Tesla CEO and father of 6 revealed he is practicing what he is preaching and importantly doing his part to populate the earth.
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Musk said:
“There are not enough people. I can’t emphasize this enough, there are not enough people. I think one of the biggest risks to civilization is the low grow rate and the rapidly-declining grow rate. And yet so many people – including smart people – think there are too many people in the world and think the population is growing out of control. It’s completely the opposite. Please look at the numbers, if people don’t have more children, civilization is going to crumble. Mark my words. Musk, who has six kids, said he’s doing his part to populate the Earth. I’m trying to set a good example. I’m trying to practice what I preach.”
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Jeff Bezos stated that his main motivation for making the move is t restore nature and transform food systems. He sold the shares earlier this week at the COP26 summit at in Glasgow Scotland.
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The move has made Jeff the world biggest retailer according to a new forbes report.
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“We must conserve what we still have, we must restore what we’ve lost, and we must grow what we need to live without degrading the planet for future generations to come,” Bezos said during his talk in Glasgow.
The sale, after accounting for capital gains taxes, barely changes his net worth. As of Friday, November 5, Bezos is worth $199.4 billion, Forbes estimates. He trails the number one richest, Elon Musk (worth an estimated $317 billion), by about $118 billion.
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Bezos has sold more than $8.8 billion worth of Amazon stock this year. Since taking Amazon public in 1998, the founder of the e-commerce giant has sold some $29 billion worth of Amazon shares, Forbes calculates; his stake in the company has gone from 42% in 1997 to just under 10% currently.