billionaire wealth
Elon Musk Makes History as First Person to Reach $600 Billion Net Worth Following SpaceX Valuation News
Dec 16, 2025 08:29 am CST
Elon Musk has made financial history by becoming the first person ever to reach a $600 billion net worth, driven by SpaceX's potential $800 billion IPO valuation and Tesla's rising stock performance. The tech entrepreneur's wealth continues to expand through his diversified portfolio including SpaceX, Tesla, and AI startup xAI, which is reportedly seeking $15 billion in funding at a $230 billion valuation.
G20 Taskforce Proposes Global Inequality Panel to Address Wealth Disparity Emergency
Nov 04, 2025 07:23 am CST
A G20 taskforce led by Nobel economist Joseph Stiglitz has called for an international panel to address the "inequality emergency," revealing the richest 1% captured 41% of new wealth since 2000 while the poorest 50% gained just 1%. The proposed body would monitor inequality's causes and impacts, similar to the IPCC for climate change, as extreme wealth disparities threaten economic stability and democratic systems worldwide.