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Tesla's stock surge following Donald Trump's election win, coupled with the soaring valuation of Musk's AI company, xAI, contributed significantly to his wealth surge.
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Despite shareholder approval, the decision stands, impacting Musk's access to the compensation while Tesla plans to appeal the ruling.
Elon Musk's net worth has reached an unprecedented $334.3 billion, making him the richest person in history.
Tesla's stock surge, fueled by Donald Trump's election win, contributed significantly to this increase.
Musk's close ties with Trump and anticipated deregulation under the new administration have boosted investor confidence in Tesla, particularly its self-driving technology.
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Top richest countries in the world: Microsoft, Apple, NVIDIA, Google, Amazon, Saudi Aramco, Meta, TSMC, Berkshire Hathaway, Eli Lilly dominate tech, e-commerce, oil, semiconductors, pharma sectors.
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Market cap key metric.
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Tencent's Pony Ma is third, and Alibaba's Jack Ma saw a decline in his wealth.
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Other top earners include Russell Wilson, Matthew Stafford, Kirk Cousins, and Deshaun Watson, all exceeding $100 million in net worth.
These players invest in luxury real estate, cars, and philanthropic endeavors.
The House of Saud is the world’s richest family with over $1.4 trillion.
Their wealth primarily comes from vast oil reserves.
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