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Elon Musk's net worth has plummeted by approximately $121 billion since December, now estimated at $337.7 billion, making him still the world's richest person. This decline coincides with widespread protests against him and Tesla, including the "Tesla Takedown" demonstrations, which have negatively impacted Tesla's stock, down about 45% from its December peak. Amidst these challenges, Musk has threatened legal action against protest organizers while facing scrutiny over the effects of new tariffs on the automotive industry.
A new app is creating challenges for tech giants Elon Musk and Mark Zuckerberg, potentially impacting their business strategies and market positions. The competition in the tech landscape continues to intensify as these influential figures navigate the evolving digital environment.
The Hurun Global Rich List 2025 highlights the dominance of the tech sector, with Elon Musk, Jeff Bezos, and Mark Zuckerberg at the forefront of the wealth rankings. Their positions underscore the significant influence and financial power of technology leaders in today's economy.
Minnesota Governor Tim Walz faces scrutiny for derogatory comments about Elon Musk and Tesla, which may violate state fiduciary laws due to the Minnesota pension fund's significant holdings in the company. His remarks, made during a rally, could be seen as undermining the stock's value, raising concerns about his responsibilities as chairman of the pension system. Legal experts suggest that such actions could lead to investigations for potential breaches of fiduciary duty.
Dan Neary, Meta’s Asia-Pacific head, is stepping down after 12 years with the company for personal reasons, with plans to stay on for a few months to ensure a smooth transition. Neary joined in 2013 and played a key role in expanding Meta's presence in Australia, Greater China, and Southeast Asia, significantly boosting user bases and ad revenue in the region. His departure coincides with Meta's increased focus on AI investments under CEO Mark Zuckerberg, and a successor has yet to be named.
Elon Musk has reclaimed his title as the world's richest person, with a net worth of $420 billion, marking an 82% increase largely driven by Tesla's soaring stock prices. This financial surge, linked to the 'Trump effect,' has also benefited other American billionaires like Mark Zuckerberg and Jeff Bezos. However, Musk's wealth has seen significant fluctuations, with a $100 billion drop following a decline in Tesla's market value amid rising competition and investor concerns.
Korean AI chipmaker FuriosaAI has turned down an $800 million acquisition offer from Meta Platforms Inc., choosing to remain independent and focus on growth. Founded eight years ago and led by June Paik, the company specializes in AI inference semiconductors and is currently engaging with clients like LG AI Research and Saudi Aramco. FuriosaAI plans to close an extended Series C funding round soon and is considering a future initial public offering.
Delaware lawmakers are debating SB 21, a bill that could reshape corporate law to favor controlling shareholders like Elon Musk and Mark Zuckerberg, following concerns over Meta's potential exit from the state. Governor Matt Meyer convened urgent meetings with corporate attorneys and Meta representatives after news of the company's possible departure emerged. If passed, the bill would limit shareholder access to records and alter the scrutiny of corporate deals, impacting ongoing investigations into Meta's governance.
JPMorgan has announced a quarterly dividend increase of 12%, raising it to $1.40 per share, which translates to an annualized amount of $5.6. The dividend will be payable on April 30, 2025, to shareholders on record as of April 4, 2025, with an ex-dividend date set for April 3, 2025. This results in an annual yield of 2.4%.
Citigroup CEO Jane Fraser is gaining recognition for her hybrid work model, allowing employees to work remotely at least two days a week, contrasting with strict return-to-office policies at other financial institutions. This approach is seen as a competitive advantage, particularly for attracting and retaining talented working mothers who juggle family and work responsibilities. Fraser's leadership reflects a commitment to workplace flexibility, which is increasingly vital as more women with young children enter the workforce.
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Elon Musk's net worth plummets amid Tesla stock decline and protests
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09:30 24.03.2025
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11:00 19.03.2025
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