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Elon Musk Becomes The First Person Ever To Reach $500 Billion Net Worth
World

Elon Musk Becomes The First Person Ever To Reach $500 Billion Net Worth

Elon Musk has officially shattered the billionaire ceiling, becoming the first person in history to amass a net worth of $500 billion. The milestone, reached on Wednesday, comes amid a surge in Tesla shares and rising valuations of Musk’s private ventures, including SpaceX and his AI startup, xAI. According to Forbes’ real-time billionaire tracker, Musk’s fortune hit $500.1 billion at 4:15 p.m. ET, following a 3.3% jump in Tesla stock. That single-day rally added over $6 billion to his net worth, reinforcing his status as the world’s wealthiest individual. Tesla remains the cornerstone of Musk’s fortune. The electric vehicle giant’s shares have climbed more than 14% so far this year, with Wednesday’s gains alone contributing over $7 billion to Musk’s personal wealth. His stake in Tesla, which stood at more than 12.4% as of mid-September, continues to be the primary engine behind his financial ascent. After a rocky start to the year, Tesla shares have rebounded as investor confidence returned, fueled by Musk’s renewed focus on the company. Tesla Board Chair Robyn Denholm noted last month that Musk is back “front and center” at the company after spending several months away at the White House. Further signaling his confidence, Musk recently disclosed the purchase of around $1 billion in Tesla stock, underscoring his commitment to the company as it aims to pivot from an automaker to a hub for AI and robotics innovation. Yet Tesla’s journey hasn’t been without hurdles. Weak car sales and persistent margin pressures have weighed on the stock, making it one of the underperformers among the so-called “Magnificent Seven” megacap tech companies. To keep Musk motivated and aligned with the company’s ambitious goals, Tesla’s board recently proposed a $1 trillion compensation plan, setting ambitious financial and operational targets for the CEO. Musk’s wealth isn’t tied to Tesla alone. His ventures in AI and space have also surged in value this year. xAI, Musk’s artificial intelligence company aimed at rivaling OpenAI, was last valued at $75 billion in July. Reports in September suggested the startup was eyeing a $200 billion valuation, though Musk clarified that it was not raising capital at the time. Meanwhile, SpaceX, the private space-launch powerhouse, has seen its valuation climb, with Bloomberg reporting discussions to raise funds that could value the company around $400 billion. These private ventures add another layer to Musk’s unprecedented fortune, highlighting his influence across multiple industries. Trailing far behind is Oracle co-founder Larry Ellison, who ranks as the world’s second-richest person with a net worth of roughly $351 billion.

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10 months ago
'Close loopholes allowing abortion': Trump admin to bar funding for foreign groups backing diversity work; vows to 'prioritise American values'
World

'Close loopholes allowing abortion': Trump admin to bar funding for foreign groups backing diversity work; vows to 'prioritise American values'

The Trump administration plans to restrict federal funding for overseas diversity, equity, and gender identity programs, significantly expanding the Mexico City Policy. This move targets American and foreign organizations, including UN bodies, to prioritise "American values" over a "woke agenda" and close abortion promotion loopholes.

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10 months ago
US govt shutdown: How long will the deadlock continue; what to expect in the coming days
World

US govt shutdown: How long will the deadlock continue; what to expect in the coming days

The United States government has entered a shutdown after Congress failed to reach a spending agreement, triggering widespread disruption across federal agencies. Hundreds of thousands of federal workers face furloughs or delayed pay, while essential services continue without immediate compensation. The closure's duration is uncertain, with significant economic costs and a need for political compromise to resolve the deadlock.

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10 months ago
Women's World Cup: Amanjot delights with bat, ball and her one-liners
Sports

Women's World Cup: Amanjot delights with bat, ball and her one-liners

Amanjot Kaur delivered a stellar all-round performance on her ODI World Cup debut, notching a maiden half-century and taking a wicket to help India recover from 124/6. Her fearless batting and confident post-match remarks, including her strategic absence from the Australia series, underscored her impactful presence. Deepti Sharma's crucial partnership and bowling also significantly contributed to the win.

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10 months ago
IND vs WI: Roston Chase - 'We’re not in a good position right now'
Sports

IND vs WI: Roston Chase - 'We’re not in a good position right now'

West Indies captain Roston Chase acknowledges his eighth-ranked side's current struggles, a stark contrast to their glorious past. He reveals the team is studying New Zealand's successful strategy against India last year, analyzing footage to prepare for the anticipated spin-friendly conditions. Chase expects his spinners to play a crucial role in the upcoming match.

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10 months ago
'Deeply Ironic': India Calls Out Pakistan At UNHRC For Lecture On Human Rights
World

'Deeply Ironic': India Calls Out Pakistan At UNHRC For Lecture On Human Rights

India has strongly rebuked Pakistan at the United Nations Human Rights Council (UNHRC), questioning how a country accused of persecuting its own minorities dares to lecture others on human rights. Speaking at the 34th meeting of the UNHRC’s 60th session in Geneva on Wednesday, Indian diplomat Mohammed Hussain delivered a sharp rebuttal to Islamabad’s repeated attempts to target New Delhi on the global stage. “India finds it deeply ironic that a country like Pakistan seeks to lecture others on human rights,” Hussain said. “Instead of spreading propaganda, Pakistan should confront the persecution of minorities on their own soil.” India Pushes Back Against Pakistan’s Rhetoric Hussain’s remarks came as part of India’s broader pushback against Pakistan’s persistent use of international forums to criticize India while turning a blind eye to its own domestic crises. He urged the council to see through what he described as Islamabad’s “fabricated allegations” and hypocrisy. “Their attempt to misuse this forum only exposes their double standards. Pakistan should address the rampant, state-sponsored persecution and systematic discrimination faced by its own religious and ethnic minorities,” he added. 'Deeply Ironic That Country With One Of World's Worst Human Rights Records Seeks To Lecture others' - 🇮🇳 SLAMS 🇵🇰 At UNHRC Islamabad should instead "confront the rampant state-sponsored persecution and systematic discrimination of minorities," diplomat Mohammed Hussain added.… pic.twitter.com/gDddfipWOF — RT_India (@RT_India_news) October 1, 2025 Global Voices Highlight Pakistan’s Abuses India was not alone in its criticism. Geopolitical researcher Josh Bowes also raised concerns, citing alarming statistics on Pakistan’s treatment of minorities. Referring to the 2025 USCIRF Religious Freedom Report, Bowes pointed out that more than 700 individuals are currently imprisoned under blasphemy laws, a 300 percent increase from the previous year. He also highlighted shocking figures from the Baloch National Movement’s human rights wing, Paank, which recorded 785 enforced disappearances and 121 killings in just the first six months of 2025. Additionally, a Pashtun jirga reported that nearly 4,000 Pashtuns remain missing this year. Humanitarian Crisis in Pakistan-Occupied Jammu and Kashmir Concerns over Pakistan’s human rights record extended to Pakistan-occupied Jammu and Kashmir (PoJK). Nasir Aziz Khan, spokesperson for the United Kashmir People’s National Party (UKPNP), urged the UN and the wider international community to intervene, warning of a worsening humanitarian crisis in the region. “Pakistan has deployed Rangers and shut down phone and internet services to crush a peaceful, legitimate movement demanding justice, ownership of resources, and fundamental rights,” Khan said. UN Experts Call Out Minority Persecution The criticism comes on the heels of warnings from UN human rights experts, who in July called on Pakistan to prevent extrajudicial killings, arbitrary arrests, and attacks on places of worship. They expressed particular concern for vulnerable groups, including the Ahmadi community, which continues to face systemic discrimination and violence. India, meanwhile, reiterated its own commitment to upholding human rights and sustainable development at home. “We remain steadfast in ensuring the fullest enjoyment of human rights by our people,” Hussain affirmed.

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10 months ago
'What A Joke': Pak Senator Slams Asim Munir For Rare Earth Minerals Pic With Trump
World

'What A Joke': Pak Senator Slams Asim Munir For Rare Earth Minerals Pic With Trump

Pakistan Army chief, Field Marshal Asim Munir, has drawn sharp criticism back home after presenting a box of rare earth minerals to US President Donald Trump during his recent Washington visit. The gesture has triggered debate over the military’s growing role in diplomacy, traditionally the domain of civilian leadership. Leading the backlash, Senator Aimal Wali Khan likened Munir’s act to a shopkeeper flaunting merchandise before a customer. “Our Chief of Army Staff is roaming around with a briefcase containing rare earth minerals. What a joke! It was absolute mockery,” Khan said in Parliament. A video of his remarks has since gone viral. What joke . In what capacity the Army Chief is carrying minerals in a brief case? Asks Aimal Wali Khan of ANP pic.twitter.com/mYhzWbnFnV — Fakhar Ur Rehman (@Fakharrehman01) October 1, 2025 The Trump–Munir Photo-Op The White House earlier released a photo of Trump examining a wooden box of rare earth minerals presented by Munir, as Prime Minister Shehbaz Sharif stood by. The optics drew attention because the exchange followed a meeting between Pakistani leaders and Trump, and coincided with the signing of an MoU between Pakistan’s Frontier Works Organisation and US Strategic Metals for joint exploration of strategic minerals. This marked Munir's third US visit in five months, underlining Pakistan’s deepening engagement with the Trump administration. Senator Khan, who heads the Awami National Party, doubled down on his criticism, saying, “Which Chief of the Army Staff would go around carrying a briefcase with rare earth minerals? It looked like a big, branded store — a manager watching on happily as a shopkeeper tells a customer to purchase a big, glittery thing from him.” The criticism reflects simmering unease in Pakistan over the Army’s assertive role in foreign policy, often overshadowing the civilian government.

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10 months ago
'Could have done better': Andrew Cuomo apologizes to Jewish New Yorkers for Covid-19 lockdown rules; 'those decisions caused pain'
World

'Could have done better': Andrew Cuomo apologizes to Jewish New Yorkers for Covid-19 lockdown rules; 'those decisions caused pain'

Former Governor Andrew Cuomo apologized to Jewish New Yorkers for Covid-19 lockdown measures, acknowledging the pain and insensitivity to their traditions. This apology, made before Yom Kippur, precedes his endorsement by Orthodox Jewish political groups for mayor, who cited concerns over rival candidate Zohran Mamdani's policies.

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10 months ago
UCL: PSG stun Barcelona; Manchester City held by Monaco
Sports

UCL: PSG stun Barcelona; Manchester City held by Monaco

Title-holders Paris Saint-Germain came from behind to beat Barcelona 2-1 with a last-minute goal in the Champions League on Wednesday, while Manchester City had to settle for a draw in Monaco despite Erling Haaland's double. Haaland scored twice in the first half to move to 52 career Champions League goals from 50 appearances, but 2023 tournament winners City were held 2-2 in Monaco.

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