No matching items found
Elon Musk speaks during an event. File
Elon Musk, the outspoken and envelope-pushing chief executive of Tesla, overtook Amazon boss Jeff Bezos to become the world's wealthiest person, US media reported on Thursday.
Musk is a major shareholder of the electric car company and has benefited from Tesla's surging share price over the last year.
CNBC estimated Musk's wealth at $185 billion, $1.5 billion more than Bezos.
Adani Group Chairman Gautam Adani has achieved a remarkable milestone amid the COVID-19 pandemic, as he added the highest wealth to his fortune in the world, as per the latest Bloomberg billionaires Index. Adani is now the 26th richest person in the world.
Elon Musk has called Amazon Founder and CEO Jeff Bezos a copycat after the e-commerce giant announced to purchase self-driving car company Zoox pegged at over $1 billion.
COVID-19 has played a significant role in wealth redistribution. The tech-first companies and founders have got richer, to the tune of billions. At the same time, the physical-first founders (aviation, hospitality and real estate), have been pushed to the bottom of the global rich list.
Jeff Bezos will ride his own rocket into space next month, joining the first crew to fly in a Blue Origin capsule. The Amazon founder announced on Monday he will launch on July 20 from Texas
The UAE government is taking a lot of initiatives focusing on early education to develop advanced skills suited for the 4th Industrial Revolution
The UAE Circular Economy Council on Sunday approved 22 policies proposed by its subsidiary, the Circular Economy Policies Committee,
The US stock market is reeling from its worst first half of any year since 1970, with investors girding for a series of potential flashpoints in July that may set Wall Street’s course for the coming months.
The 3rd edition of the Jewels of Emirates Show concluded on a strong note in Sharjah on Sunday. The show witnessed the remarkable participation of companies specialising in perfumes.