The rise in Tesla’s share price has further bolstered the fortunes of its founder and chief executive, Elon Musk. According to Forbes, Musk became $25 billion richer following the deal with Hertz, making him wealthier than any billionaire ever. Recently, Morgan Stanley predicted that Musk will become the world’s first trillionaire. Tesla’s stock market value […]
Adam Jonas, an analyst at Morgan Stanley, said SpaceX was “challenging any preconceived notion of what was possible and the time frame possible, in terms of rockets, launch vehicles and supporting infrastructure”. He added: “More than one client has told us if Elon Musk were to become the first trillionaire ... it won’t be because […]
According to Bloomberg’s Billionaires Index, Tesla and SpaceX CEO Elon Musk has once again overtaken Amazon founder Jeff Bezos as the world’s richest person thanks to Tesla’s soaring stock. On Friday, Tesla’s shares closed at $843.03 per share, a 3% increase on the day which takes the EV maker’s year-to-date gains to approximately 20%. Tesla’s […]
The 20 business leaders, who include Microsoft co-founder Bill Gates and JP Morgan’s chief executive Jamie Dimon, will be joined by the Prime Minister and the foreign secretary Liz Truss for a Michelin-star dinner which will be held ahead of the Global Investment Summit. Johnson will use the dinner to boost the UK’s post-Brexit image […]
The funding follows Personio’s $125 million Series D funding last January, bringing the total capital raised by the company to over $500 million. The company, which produces human resource software for small to medium-sized businesses, plans to use the funds to launch a new people workflow automation software for SMEs. The software would automate HR […]
Tradelines are lines of credit on a credit report like mortgages, car loans, credit cards, and student loans. Credit reporting agencies use these tradelines to form a credit score. If you have always made sound financial choices, you likely have good credit, which can be desirable for people who don’t. With the help of a […]
Elon Musk is the billionaire entrepreneur and business magnate responsible for co-founding the cutting-edge companies PayPal, Tesla, and SpaceX, amongst others. Over the years, he has been compared to the likes of Steve Jobs and Henry Ford, and even Iron Man, with actor Robert Downey Jr allegedly modelling his portrayal of Tony Stark off of […]
Indonesian e-commerce startup Ula launched last year and has since raised over $30 million and courted several high-profile investors. It has now won the trust of the world’s richest man, with Bezos investing in the company’s new financing round. In a statement released on Monday, it was announced that Bezos Expeditions, Northstar group, AC Ventures […]
Many critics of social inequality highlight the fact that differences in income have grown in recent decades – a manager today earns much more relative to his employees than in the past. Dr Rainer Zitelmann dives into the ins and outs of the trend.
Toast co-founders Steve Fredette, Aman Narang, and Jonathan Grimm started the company in 2012 after their former employer, Endeca, was sold off for $1 billion. They chose to launch their restaurant hardware and software system in their home city, Cambridge, Massachusetts, by testing products on local restaurants, cafes, and bars. Company president Fredette owns 33.2 […]
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