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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 Ministry of Economy organised a media briefing on Monday in Abu Dhabi to introduce the Federal Decree Law No. 37 of 2022 on family businesses, which forms part of the comprehensive
Abu Dhabi Airports, the operator of the five airports in the Emirate of Abu Dhabi, on Monday released its passenger traffic results report for the third quarter of 2022.
Hub71, Abu Dhabi’s global tech ecosystem, has grown its community to more than 200 startups following the selection of 20 companies to join its latest cohort.
The Sharjah Chamber of Commerce and Industry (SCCI) has received a delegation from Alexandria Chamber of Commerce, who were invited by Abdallah Sultan Al-Owais, Chairman of the SCCI,