International News
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
India Hot Topics
Cardi B criticizes husband Offset for cheating allegations.
Addressing Husband Offset’s Cheating Allegations
Celebrity relationships often face intense scrutiny, with the private lives of public figures frequently making headlines. Cardi B, the renowned rapper and entertainer, recently found herself in the spotlight once again, this time addressing cheating allegations involving her husband, Offset. In a candid and bold move, Cardi B openly criticized Offset for his alleged infidelity. In this blog post, we delve into the context of the situation and examine the significance of Cardi B’s response to the cheating allegations.
Cardi B and Offset, both well-known figures in the music industry, have had a tumultuous relationship that has been closely followed by fans and media alike. Previous instances of cheating allegations and subsequent reconciliations have kept their personal lives in the public eye. Now, faced with yet another round of accusations, Cardi B has chosen to address the matter head-on.
In a display of openness and honesty, Cardi B publicly criticized her husband, Offset, for the alleged cheating incidents. Through her social media presence, she expressed her disappointment and frustration, making it clear that infidelity was unacceptable. Cardi B’s candid criticism sent a powerful message, not only to her husband but to her millions of fans worldwide.
Cardi B’s decision to publicly address the cheating allegations demonstrates her commitment to transparency and holding her partner accountable. By openly criticizing Offset, she challenges the common narrative that infidelity should be swept under the rug or excused due to celebrity status. Her response empowers others to assert their boundaries and expectations within relationships, fostering a dialogue about trust, respect, and fidelity.
Furthermore, Cardi B’s choice to address the issue publicly also highlights the complexities of navigating personal relationships under public scrutiny. Celebrities often face added pressure to maintain a certain image, and Cardi B’s willingness to address these challenges openly showcases her authenticity and vulnerability.
While Cardi B’s public criticism may be seen as a powerful stance against infidelity, it also raises questions about the future of her relationship with Offset. Only time will tell how they choose to address and resolve the allegations, as well as the impact it may have on their personal lives and careers. However, Cardi B’s firm response serves as a reminder that addressing issues within a relationship, regardless of public perception, is essential for personal growth and maintaining healthy boundaries.
Cardi B’s candid criticism of husband Offset in response to cheating allegations has sparked conversations about trust, accountability, and the complexities of public relationships. By openly addressing the issue, she encourages others to stand firm in their expectations and reinforces the importance of open dialogue in relationships. As Cardi B continues to navigate her personal journey, her candidness serves as a reminder that even public figures face challenges and must prioritize their own well-being and happiness.
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