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Elon Musk is the world’s richest person, again

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Elon Musk is the world’s richest person again after dethroning Bernard Arnault, the CEO of French luxury brand LVMH

 
Elon Musk is back in the black – becoming the world’s richest person once again.

The Tesla boss dropped to number two on Bloomberg’s real-time Billionaires Index – dethroned by Bernard Arnault, the CEO of French luxury brand LVMH.

But, as of Monday, a rally in Tesla stock lifted Musk back to the top.

His net worth is now sitting around $187.1 billion after markets closed, just above the $185.3 billion fortune of Arnault.

The drop was linked to a decline in Tesla’s stock, Musk’s problem-plagued acquisition of Twitter and a broader market downturn in tech.

But in 2023, shares for the electric vehicle maker have surged.

Musk also holds the record for the biggest fortune ever lost by anyone in history.

In late 2022, he became the first person ever to lose $200 billion in wealth, with his net worth sliding from $340 billion in November 2021 to $137 billion a year later. #trending #featured

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Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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