- Report: California, Chinese billionaires own hundreds of thousands of acres of Oregon timberland – Oregon Capital Chronicle Oregon Capital Chronicle
- Fact Check Team: How much US land and property is foreign-owned? KOMO News
- How Much of America’s Land Is Owned by China Is Unknown Bloomberg
- Foreign Investments in U.S. Agricultural Land: Enhancing Efforts to Collect, Track, and Share Key Information Could Better Identify National Security Risks Government Accountability Office
- Chavez-DeRemer urges administration review of Chinese billionaire’s Oregon timberland purchase, including Skyline Forest KTVZ
Tag Archives: billionaires
OceanGate CEO Stockton Rush created ‘mousetrap for billionaires’, says friend – The Guardian
- OceanGate CEO Stockton Rush created ‘mousetrap for billionaires’, says friend The Guardian
- OceanGate CEO created ‘mouse trap for billionaires,’ murdered his passengers: friend New York Post
- OceanGate CEO Stockton Rush designed billionaire ‘mousetrap’: friend Insider
- OceanGate CEO Rush’s friend calls Titan sub a ‘mouse trap for billionaires’ Hindustan Times
- OceanGate used a mothership too small to carry the Titan in 2023, dragging it behind on a platform to save money, report says Yahoo News
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OceanGate CEO created ‘mouse trap for billionaires,’ murdered his passengers: friend – New York Post
- OceanGate CEO created ‘mouse trap for billionaires,’ murdered his passengers: friend New York Post
- Stockton Rush’s friend said the OceanGate CEO designed a ‘mousetrap’ for billionaires: ‘He definitely knew it was going to end like this’ Yahoo News
- OceanGate CEO Rush’s friend calls Titan sub a ‘mouse trap for billionaires’ Hindustan Times
- OceanGate CEO hired small mothership to cut costs, Titan towed: NYT Insider
- OceanGate used a mothership too small to carry the Titan in 2023, dragging it behind on a platform to save money, report says Yahoo News
- View Full Coverage on Google News
Mark Ruffalo says ‘billionaires’ in Hollywood ‘laughing like fat cats’ – strike live – The Independent
- Mark Ruffalo says ‘billionaires’ in Hollywood ‘laughing like fat cats’ – strike live The Independent
- Hollywood drama: Actors join writers in striking against producers CBS Sunday Morning
- Opinion | Hollywood strikes happen when tech companies get too powerful The Washington Post
- SAG-AFTRA Strike: British Acting Union Equity Provides Advice for Members Working in U.K. Under Different Contracts Hollywood Reporter
- Strike two: SAG and WGA strike over the use of technology in their work, an issue much bigger than entertainment New York Daily News
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Presidents, billionaires, Olympians: Allisen Corpuz continues Hawaii private school’s illustrious reputation with US Women’s Open win – CNN
- Presidents, billionaires, Olympians: Allisen Corpuz continues Hawaii private school’s illustrious reputation with US Women’s Open win CNN
- Why Allisen Corpuz nearly had to WD — and one of the BEST lines in response Golf.com
- Hawaii’s US Open winner Corpuz showed championship mettle at Punahou KHON2
- Allisen Corpuz wins the U.S. Women’s Open at Pebble Beach by three shots, first major title for 25-year-old from Hawaii – KION546 KION
- Allisen Corpuz up to No. 6 in world after U.S. Women’s Open win – ESPN ESPN
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Artist uses AI to reimagine world’s most famous billionaires if they were born poor – The Independent
- Artist uses AI to reimagine world’s most famous billionaires if they were born poor The Independent
- AI Artist Imagines How The World’s Wealthiest Would Look If They Were Poor NDTV
- AI’s crazy makeover: See how world’s wealthiest people would look had they been poor The Tribune India
- AI images show Bill Gates, Elon Musk and other world billionaires as slum dwellers; check pics Firstpost
- Slumdog billionaires — Indian artist’s AI images of world’s richest men as slum-dwelling poor go viral Malay Mail
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Elon Musk falls on Forbes’ annual World Billionaires List. These Austin residents also made the cut. – Austin American-Statesman
- Elon Musk falls on Forbes’ annual World Billionaires List. These Austin residents also made the cut. Austin American-Statesman
- Wealthy Texans topple over in Forbes’ global billionaire rankings; Musk no longer No. 1 The Dallas Morning News
- The World’s Richest Man Bernard Arnault Surpasses $200 Billion Entrepreneur
- Fort Worth billionaire is 3rd richest woman on the planet in 2023, says Forbes CultureMap Fort Worth
- The French beauty mogul with a £64BILLION fortune: L’Oreal heiress is named world’s richest woman Daily Mail
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Jeffrey Epstein News: Billionaires Subpoenaed in Lawsuit Against JPMorgan – Bloomberg
- Jeffrey Epstein News: Billionaires Subpoenaed in Lawsuit Against JPMorgan Bloomberg
- Google founder, former Disney exec to get subpoenas in JPMorgan Epstein lawsuit CNBC
- Google Co-Founder, Other Billionaires Are Issued Subpoenas in Lawsuit Over JPMorgan’s Ties to Jeffrey Epstein – WSJ The Wall Street Journal
- Were JPMorgan and Deutsche Bank so hungry to cash in on Jeffrey Epstein that they turned blind eye? Daily Mail
- Google founder Sergey Brin and three others to get subpoenas in JPMorgan Epstein lawsuit CNBC Television
- View Full Coverage on Google News
Elon Musk becomes first person ever to lose $200 billion
Billionaire Elon Musk, formerly the richest man in the world, has broken a new record.
The Tesla founder and Twitter owner has become the first person in history to lose $200 billion off his net worth, according to the Bloomberg Billionaire’s Index.
The multi-billion dollar bloodbath comes after Musk, 51, in 2021 became only the second person to ever amass a fortune more than $200 billion, after Amazon founder Jeff Bezos.
Musk, whose net worth peaked in Nov. 2021 at $340 billion, has seen his wealth plunge to $137 million as Tesla shares have plummeted 65% in the past year.
It has been the electric carmaker’s worst year to date.
The decline included an 11% plunge on Tuesday alone after the Wall Street Journal reported that a surge in COVID cases had forced Tesla to temporarily halt production in Shanghai.
In a memo sent to staffers Wednesday, the billionaire thanked workers for their “exceptional execution” throughout the year while downplaying the company’s dismal stock performance.
“Don’t be too bothered by stock market craziness,” Musk said in the memo obtained by CNBC.
“As we demonstrate continued excellent performance, the market will recognize that.”
Musk was stripped of his title as The World’s Richest Man earlier this month — with the baton being handed over to Bernard Arnault, the French chairman and CEO of LVMH.
Musk’s historic losses are indicative of how high Musk and Tesla soared during the pandemic.
Despite owning just a small piece of the electric vehicle market, Tesla was valued at over $1 trillion by Oct. 2021 — joining other tech giants like Apple, Amazon and Google’s parent company Alphabet, Bloomberg reported.
But as competitors have quickly caught up and are challenging Tesla’s dominance in the electric vehicle market, Musk’s attention has focused on his newest venture as the owner and CEO of social media giant Twitter.
According to Bloomberg’s wealth index, Musk was forced to sell much of his Tesla stock this year as a result of his mammoth $44 billion purchase of Twitter.
Musk also currently owns a $44.8 billion stake in his Space Exploration Technologies Corp — about 42.2% of the company, according to a recent filing reviewed by the news outlet.
Since his headline-grabbing Twitter takeover, Musk has taken major measures to cut costs at the social media company.
He has slashed about 75% of the 7,500 employees and is closing the company’s Seattle offices after reportedly refusing to pay rent.
Elon Musk Becomes First Person In History To Lose $200 Billion: Report
Twitter CEO Elon Musk has become the first human being in history to lose a mammoth $200 billion in net worth, Bloomberg reported.
It wasn’t too long ago that Musk became the second individual ever to amass a personal fortune of more than $200 billion. That happened in January 2021, just months after Amazon founder Jeff Bezos accomplished the same feat.
Much of Musk’s lost billions have been swallowed up by the plummeting value of his shares in Tesla, the electric vehicle company of which he is CEO. That value has dropped 65% this year, and dove 11% last Tuesday alone, as Bloomberg noted Friday.
Musk’s fortune to date peaked in November 2021 at $340 billion, according to Bloomberg’s Billionaires Index. He’s now worth a not-too-shabby $137 billion, per Bloomberg, but that’s still a steep dive from 2021.
Musk was the world’s richest person until earlier this month, when he was surpassed by European fashion scion Bernard Arnault, the powerhouse behind LVMH.
Musk’s challenges include huge controversies over his hands-on management of a struggling Twitter, for which he paid $44 billion. The self-described “free speech absolutist” has repeatedly come under fire for arbitrarily booting journalists over actions he disapproves of, while allowing previously banned neo-Nazis back on the social media platform.
The billionaire has described the financially challenged Twitter as “basically … a plane that is headed toward the ground at high speed with the engines on fire and the controls don’t work.”
The company is apparently so strapped for cash that Musk recently shut down the servers supporting a Twitter data center in Sacramento. He has also fired janitors at Twitter’s San Francisco headquarters, reportedly forcing some staffers to bring in their own toilet paper.
Tesla investors fear Musk’s over-involvement in Twitter is distracting him from responding to serious issues at Tesla amid mounting competition.
In a dramatic move, Tesla has been offering American consumers a $7,500 discount on certain car models before the end of the year. The company is also reportedly reducing production at its Shanghai plant.
The world’s billionaires collectively lost nearly $2 trillion in 2022, Forbes reported earlier this month. American billionaires lost a combined $660 billion, more than in any other country, Forbes noted, and Musk lost the most of all.
(The loss occurred, however, after the world’s billionaires added $5 trillion to their collective wealth between March 2020 and November 2021.)
Forbes attributed the losses in America to a dive in tech stock value, rising interest rates, inflation and a weakening economy.
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