Business

Elon Musk set to overtake Facebook’s Mark Zuckerberg to become world’s third-richest person as Tesla shares soar

Elon Musk, the maverick chief executive of electric car company Tesla, is poised to overtake Facebook’s Mark Zuckerberg to become the world’s third-richest person after his electric car company Tesla was selected to join the S&P 500. Tesla’s value soared in after-hour trading on Monday with stocks that closed at $408.09 surging about 14 percent …

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Amazon founder Jeff Bezos becomes first person to be worth $200 billion

Amazon CEO Jeff Bezos, the world’s richest man, on Wednesday became the first ever person in history to amass a fortune of $200 billion. He crossed the milestone yesterday after a sharp rally in US technology stocks. According to Forbes, the the 56-year-old’s exact net worth on Wednesday was actually a staggering $204.6 billion. Bezos is the founder …

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Apple CEO Tim Cook becomes a billionaire for the first time

Apple CEO Tim Cook has for the first time become a billionaire as the Cupertino-based iPhone maker broke all previous records and is now the world’s most valued company at over $1.84 trillion. The net worth of Cook has crossed the $1-billion mark, officially making him a billionaire. “Cook owns 847,969 shares directly and took …

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Mark Zuckerberg, 36, becomes world’s 3rd centibillionaire

Facebook founder, Mark Zuckerberg, 36, has become the third centibillionaire in the World. Facebook founder Mark Zuckerberg, 36, joined the very exclusive centibillionaire club on Thursday, as his net worth has surpassed US $ 100 billion, after Facebook’s shares surged by 6% on investor optimism over the news the company plans to launch Instagram Reels, a …

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Jeff Bezos’s Wealth Hits $171.6B Strengthening His Position as World’s Richest Man

Amazon founder Jeff Bezos’s net worth soared to a new peak of $172 billion. The billionaire’s net worth broke its previous peak on Wednesday as Amazon’s stock surged 4.4 percent to a record $2,878 value per share, boosting his fortune. This means he is richer now than he was prior to settling the most expensive …

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Trump Administration Buys up Nearly All the World’s Supply of Coronavirus Drug Remdesivir

The U.S. has bought up almost all of the world’s supply of remdesivir, one of only two drugs shown to work against the new coronavirus. Remdesivir, which was developed to treat Ebola, is produced almost exclusively by US pharmaceutical giant Gilead Sciences – and it has been priced at $2,340 (£1,892) per patient in wealthier …

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Forbes Reports Kylie Jenner Is No Longer A Billionaire And Was Inflating Her Net Worth

Forbes Magazine revoked its declaration that Kylie Jenner is a billionaire on Friday, accusing the social media influencer of inflating her income from her cosmetics company, Kylie Cosmetics, as part of a “web of lies.” The magazine claims that Jenner, 22, inflated the sales figures of her namesake company Kylie Cosmetics’, accusing the makeup mogul’s team of …

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Tesla CEO Elon Musk and singer Grimes welcome their first baby together

Multi-billionaire tech mogul Elon Musk, 48 and his 32-year-old girlfriend and Canadian singer Claire Boucher aka Grimes have welcomed their first child together. The pair has been dating since 2018. This is Grimes’ first child. Musk has five sons with his first wife, Justine. It would have been his 7th but he lost one of …

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Coronavirus: Bill Gates lists things that must be done for life to “get back to normal”

The second richest man in the world, Bill Gates, has revealed what governments across the world must do if life is to go back to normal, as countries relax lockdown restrictions enforced due to the Coronavirus pandemic. Gates who is now a leading voice on how to fight Coronavirus and has granted numerous interviews on …

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Don’t inject disinfectants, Lysol and Dettol maker warns as Trump raises idea

The manufacturer of Lysol and Dettol warned that its products shouldn’t be used internally after President Trump speculated about whether solar light and household disinfectants could be used inside the body to treat the new coronavirus. Reckitt Benckiser (RBGLY), a British company, warned Friday that human consumption of disinfectant products is dangerous. It issued the …

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