Tesla CEO Elon Musk, despite previous prioritization of developing a robotaxi, has been convinced by company executives to focus on both a $25,000 electric car and the robotaxi, according to Musk's biographer Walter Isaacson.
Elon Musk's new biography reveals shocking and bizarre details about the Tesla and SpaceX CEO, including volatile relationships, physical injuries, controversial statements, and his role in geopolitical conflicts.
The wealthiest people in the U.S. have seen a significant increase in their wealth, with the richest Americans now holding a total of $4.5 trillion, tied with the record set in 2021, due to rebounding stock markets and the flourishing AI-driven tech industry.
Former President Donald Trump has been excluded from the Forbes 400 list of the wealthiest Americans due to a decline in his net worth, primarily attributed to the underperformance of his social media platform, Truth Social, and a decrease in the value of his San Francisco office building, among other factors.
The CEO of South Carolina real estate firm Greystar, Bob Faith, has been included on Forbes' "Richest People in America" list, ranking 182 with a wealth of $5.8 billion.
Seven Bay Staters made this year's Forbes 400 list of the richest people in the US, with Abigail Johnson, the CEO of Fidelity Investments, taking the top spot in Massachusetts.
The net worth required to become the richest person in America has significantly increased over the past four decades, with Elon Musk currently holding the title with a net worth of $251 billion, making him 125 times richer than the first richest person in 1982.
The wealthiest Tennesseans, including Thomas Frist Jr., Jimmy Haslam, Bill Haslam, Fred Smith, Martha Ingram, and Jon Yarbrough, have made Forbes Magazine's 400 Richest People in America list, with their net worths ranging from $3.6 billion to $22.6 billion.
Amazon founder Jeff Bezos has surpassed French billionaire Bernard Arnault to become the world's second-richest person, with a net worth of $156 billion, due to a surge in tech stocks and a decline in demand for luxury goods.
Tesla CEO Elon Musk believes that artificial intelligence (AI) could make Tesla the most valuable company in the world by far, citing fully autonomous cars and humanoid robots as ways AI could turbocharge the company's growth.
