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World’s richest person Elon Musk’s wealth jumps $36 billion in 1 day
The early announcement of Hertz’s intention to purchase 100,000 Teslas for its leased fleet triggered a spectacular rebound, causing the company’s market value and executives’ net assets to soar to new heights.
Tesla’s stock price soared by nearly 13% on Monday, making the automaker’s market value more than $1 trillion for the first time. Musk’s wealth increased by $36.2 billion that day, marking the largest one-day increase in the history of the Billionaires Index. Bloomberg now estimates Musk’s net worth is 288.6 billion U.S. dollars.
His wealth now exceeds Toyota’s $282 billion market value. His worth is also much higher than Tesla competitors such as General Motors ($83.9 billion) and Ford ($62.8 billion). Musk owns about 20% of Tesla, and these shares are the main driver of his wealth, which also provides funding for companies such as Boring Company and SpaceX. This eccentric CEO received a large number of stock options from a complex compensation package that would be paid when Tesla reached certain financial milestones.
According to source, after Tesla announced the unlocking of a batch of new stocks, Musk gained a fortune of $8 billion on Monday. In January of this year, Musk surpassed Amazon founder Jeff Bezos to become the world’s richest man for the first time. Since then, they have exchanged positions several times. According to source’s estimates, Musk has now consolidated his nearly $100 billion lead over Bezos, and Bezos’s fortune at the close is only a negligible $192.6 billion.
News Source : Business Insider
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HBO defends JK Rowling’s involvement in Harry Potter series despite problematic stance on transgender community
JK Rowling, whose Harry Potter book franchise gave Warner Bros a blockbuster film franchise, is also associated with its upcoming HBO series.
JK Rowling has remained decidedly steadfast on her controversial stance on the transgender community. In a statement to Variety, HBO explained why the author is still involved in its upcoming series on Harry Potter despite her problematic gender politics. (Also Read: This Oscar-nominated actor lost out on Luna Lovegood role in Harry Potter, says how it ‘stayed with me over the years’)
What HBO said
“We are proud to once again tell the story of Harry Potter — the heartwarming books that speak to power of friendship, resolve and acceptance. JK Rowling has a right to express her personal views. We will remain focused on the development of the new series, which will only benefit from her involvement,” HBO’s statement stated.
It also added that its parent company Warner Bros “been working with JK Rowling and in the Harry Potter business for over 20 years” and “her contribution has been invaluable.” The report also states that HBO chief Casey Bloys informed the media at an event on November 12 that JK Rowling was “very, very involved in the process selecting the writer and the director,” and her anti-trans statements “haven’t affected the casting or hiring of writers or productions staff.”
A couple of days before that, Rowling had shared a screenshot of a tweet by an X user who wrote, “My disappointment is immeasurable and my day is ruined” when the author had revealed that she’s “very involved” in the Harry Potter series. Rowling wrote along with the screenshot, “I’ve only just seen this response to me saying I’m very involved in the Harry Potter TV show and I think I’ve pulled something laughing.”
About Harry Potter series
Warner Bros launched an open casting call for the leads Harry, Hermoine and Ron, who were played by Daniel Radcliffe, Emma Watson and Rupert Grint, respectively, in the eight-part movie franchise.
The series will most likely go ahead with newcomers for the top three characters and mix it with veterans for the adult cast, like the movie franchise, which featured Richard Harris as Dumbledore and roped in Michael Gambon after his death. Late star Maggie Smith played Professor McGonagall, and Alan Rickman starred as Professor Snape.
Mark Rylance, 64, who won an Academy Award for best supporting actor in 2016 for his work in Steven Spielberg’s Bridge of Spies, is reportedly at the top of the casting wishlist to play Dumbledore in the Harry Potter series.
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