Few fintech founders chase scale with the kinetic intensity of Nik Storonsky. This London-based ex-derivatives trader took Revolut from a prepaid FX card in 2015 to Europe’s most valuable private tech company ($45 bn). Now he’s gunning for a $150 bn valuation—and a personal pay-day that could rival Elon Musk’s record Tesla award.
On May 29, 2025, Elon Musk announced his resignation as a Special Government Employee (SGE) leading the Department of Government Efficiency (DOGE), effective immediately, citing the expiration of his 130-day SGE term limit, which began at President Donald Trump’s inauguration on January 20, 2025. This report examines the reasons for Musk’s departure, the Trump-Musk relationship, and potential implications.
Peter Thiel, a prominent tech investor and entrepreneur, is best known as a co-founder of PayPal, Palantir Technologies, and Founders Fund. He was also the first outside investor in Facebook. As of late 2024, Thiel's net worth is estimated to range between $3.9 billion and $11.2 billion, depending on valuation sources. His wealth is largely tied to his investments in companies like Palantir Technologies.
Elon Musk, the visionary behind Tesla, SpaceX, and Neuralink, has crossed a staggering $400 billion in net worth, according to Forbes. The surge is driven by Tesla's stock rally and SpaceX's soaring valuation. Musk's influence in tech and politics keeps fueling his unprecedented rise. He may actually be one of the most powerful entrepreneurs in history.
With Donald Trump’s return to the White House, Tesla’s share price has surged, seemingly buoyed by an alliance between Trump and Tesla’s CEO, Elon Musk. Tesla’s meteoric rise, which comes on the heels of Trump’s election win, signals the market’s optimism – not just in Trump’s policies but in Musk’s bold political gamble. Musk's visible support for Trump’s campaign has paid off handsomely as Tesla shares rise on the wave of post-election optimism.
Amazon founder Jeff Bezos has overtaken Elon Musk to become the world’s richest person in the Bloomberg Billionaire Index, a title he hasn't held since the fall of 2021. On Thursday, Bezos's net worth soared to an impressive $197 billion, primarily fueled by his 9% stake in Amazon. Musk, the mind behind Tesla and SpaceX, is now number 3 on the list with a net worth of $192 billion, right behind Bernard Arnault, the French luxury titan behind LVMH, who holds the third spot with $195 billion.
A trio of law firms has thrown down the gauntlet, demanding a staggering $6 billion in legal fees from Tesla, payable in stock. This audacious request follows their successful bid to dismantle Elon Musk's colossal $56 billion compensation package, decried as excessively lavish. "We're charting new territory with this fee request – it's unparalleled in sheer magnitude," the firms brazenly declared in a Delaware Court of Chancery filing.
In an impressive surge driven by the artificial intelligence (AI) revolution, Microsoft has reached a monumental valuation, surpassing the $3 trillion mark. It’s the second company, after Apple, to reach the milestone valuation. This remarkable achievement positions Microsoft as the second company in history to breach this threshold, following closely behind Apple. Microsoft's shares have seen a significant upswing, climbing more than 7% this year after a notable 40% increase last year.
Elon Musk's Tesla, a forerunner in the electric vehicle (EV) market, experienced a more than 9% collapse in pre-market trade share prices on Thursday following its earnings report, which fell short of expectations and hinted at a potential slowdown in 2024. The electric carmaker once celebrated for its ambitious sales growth, now faces intensified competition, causing a reassessment of its sales targets.
A recent NYT article highlights the significant influence of seven major technology companies, dubbed the "Magnificent Seven," on the recent surge of the S&P 500 index. These companies – Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla – have collectively seen their value soar by nearly 117% since the S&P 500's low point in October 2022 propelled the index to new heights.
The (almost) almighty Elon Musk, the renowned billionaire entrepreneur, has recently rebutted a Bloomberg report claiming that his artificial intelligence startup, xAI Corp., has secured $500 million in funding. This funding was reportedly part of a larger aim to raise $1 billion in investment. Musk responded on the social media platform X, formerly known as Twitter, labeling the report as "simply not accurate."
In a recent essay by Linette Lopez for Business Insider, the financial stability and future of Elon Musk, the second-richest man on the planet, are scrutinized. From 2019 to 2022, Musk appeared to be on an unstoppable winning streak, with Tesla's profitability soaring and SpaceX's rockets capturing public imagination. However, Lopez suggests that Musk's streak of success might be waning, as indicated by a series of questionable decisions and mounting financial challenges.