Elon Musk Donates Over $5.7 Billion In Tesla Shares

February 15, 2022
Billionaire Tesla CEO Elon Musk donated a total of 5,044,000 shares in the world's most valuable car manufacturer in November last year, according to its filing with the US Securities and Exchange Commission (SEC).  Musk’s donation was worth an impressive $5.74 billion, based on the closing prices of Tesla shares on the five days he […]
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Bezos Pockets $20 Billion While Zuckerberg Loses $29 Billion

February 4, 2022
Mark Zuckerberg saw $29 billion fall from his overall net worth on Thursday as Meta’s stock experienced a record one-day plunge. Meanwhile, Amazon founder Jeff Bezos pocked an additional $20 billion following the e-commerce giant’s blockbuster earnings.  Meta’s stock plunged 26%, erasing over $200 billion in the largest-ever single-day market value wipeout for the US […]
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Superyacht Building Boom Leads To Supply Crunch For Buyers

December 22, 2021
According to Boat International’s 2022 Global Order Book, a record 1,024 superyachts are currently in construction or an order, a figure up 25% over the same period a year ago.  The heightened demand for superyachts throughout the pandemic has led to many shipyards struggling to keep up. Consequently, many buyers have been told they will […]
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Jeff Bezos Donates Over $400 Million To Climate Justice

December 7, 2021
In a press release, the Bezos Earth Fund said it had awarded 44 grants to climate organisations, including a $140 million donation to President Biden’s Justice40 initiative and a $51 million donation to support land restoration in the US and Africa.  The grants are part of Bezos’ $10 billion commitment to support scientists, activists, and […]
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Jeff Bezos’ Blue Origin To Send Michael Strahan To Edge Of Space

November 25, 2021
Liftoff is scheduled for 9:30 am CT on December 9 from Blue Origin’s launch facilities in Texas.  Strahan and Laura Shepard Churchley, daughter of first American astronaut Alan Shepard, will be joined by investors Evan Dick, Dylan Taylor, Lane Bess, and Bess’ son Cameron Bess.   Blue Origin has called Strahan and Shepard Churchley its “honorary […]
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Elon Musk’s Net Worth Plunges By $50 Billion Following Controversial Twitter Poll

November 10, 2021
According to a report by Bloomberg Wealth, the $50 billion drop marks the largest ever two-day decline recorded in the history of the Bloomberg Billionaires Index. While Musk still maintains his spot as the world’s richest man, his loss has narrowed the gap between the Tesla CEO and Amazon founder Jeff Bezos, the second richest […]
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Jeff Bezos’ Blue Origin Announces Plans To Build “Space Business Park”

October 28, 2021
The station would function as a “mixed-use business park”, capable of hosting up to ten people at a time in low Earth orbit. Inside the 32,000 sq ft station, there will be designated areas for “film-making in microgravity”, “conducting cutting-edge research”, and a “space hotel”.   In a statement, Blue Origin said: “The station will open the […]
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Jeff Bezos’ £420 Million Superyacht Is Set To Be The Largest In The World

October 25, 2021
The superyacht, known as the Y721, spans 417ft. It was rolled out in the Zwijndrecht shipyard in the west of the Netherlands earlier this week, since generating much excitement. The Y721 is set to be the largest sailing yacht in the world when it is finally complete in 2022, overtaking the current largest ocean passenger […]
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Elon Musk Reclaims Title Of World’s Richest Person As Tesla Stock Hits An 8-Month-High

October 20, 2021
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 […]
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Jeff Bezos Makes First Investment In Southeast Asia’s E-Commerce

October 4, 2021
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 […]
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Do Entrepreneurs and Managers Earn Too Much?

September 30, 2021
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.
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Gates And Bezos Back 3-Year Search For Electric Vehicle Metals That Could Be Used In Teslas

September 13, 2021
BHP and KoBold Metals will work together in their search for nickel, lithium, cobalt, and copper in Australia. The companies’ 3-year partnership could help to source nickel used in Tesla’s vehicles, with BHP signing a deal with the electric vehicle manufacturer back in July.  KoBold Metals, a mineral exploration company based in Silicon Valley, uses […]
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