Elon Musk Leaves Cubana Chiefpriest, 30BG Members & Others in the Shadows as He Becomes First Person to Hit $500 Billion Net Worth.

Tesla CEO Elon Musk has made history by becoming the first individual to achieve a net worth of half a trillion dollars, according to Forbes’ real-time billionaires index.

As of 4:15 p.m. ET on Wednesday, Musk’s fortune stood at $500.1 billion, fueled by a rebound in Tesla shares and soaring valuations of his other ventures, including SpaceX and artificial intelligence startup xAI.

Musk, who holds more than a 12% stake in Tesla, saw his wealth jump by over $6 billion on Wednesday alone after the electric carmaker’s stock closed 3.3% higher. The company’s shares have gained more than 14% so far this year, despite ongoing concerns over weak sales and profit margins.

Investor sentiment has improved in recent weeks as Musk renewed his focus on Tesla following months of political activity in Washington. He also boosted confidence by purchasing about $1 billion worth of Tesla shares in September, signaling his long-term commitment as the company pivots from being just an automaker to a leader in AI and robotics.

Tesla’s board has even proposed a $1 trillion compensation plan for Musk, tying ambitious financial and operational targets to his demand for a larger ownership stake.

Beyond Tesla, Musk’s other companies have significantly boosted his net worth. SpaceX was valued at about $400 billion in recent insider share sales, while xAI has been pegged at around $75 billion, with reports suggesting it could climb to $200 billion.

Trailing Musk on the Forbes rich list is Oracle co-founder Larry Ellison, whose net worth stands at $350.7 billion.

BREAKING: Italian PM Giorgia Meloni says, "Elon Musk is NOT a danger to democracy, George Soros is”

Elon Musk is LOVED by millions worldwide.

Do you agree with her?

A. Yes
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https://x.com/RedEagleUpdates/status/1971606502457618611

Elon Musk’s Father, Errol Musk, Accused of Sexually Abusing His Children and Stepchildren.

Errol Musk, the 79-year-old father of billionaire entrepreneur Elon Musk, has been accused of sexually abusing five of his children and stepchildren dating back to 1993, according to a Tuesday report by The New York Times.

The Times suggested these allegations may explain why Elon Musk rarely speaks about his father, despite once briefly serving as an adviser to Donald Trump’s second administration. The outlet reported that members of Elon’s family have sought his help over the years, prompting him on occasion to step in.

Errol Musk strongly rejected the claims, describing them as “false,” “nonsense,” and “absolute rubbish” in responses shared with the Guardian and New York Times.

Based on court records, personal correspondence, social worker reports, and family interviews, the Times said the earliest accusation came in 1993, when Errol’s four-year-old stepdaughter told relatives he had touched her inappropriately. Years later, she alleged she caught him sniffing her dirty underwear. Other family members also accused him of abusing two of his daughters and a stepson.

According to the report, police launched three separate investigations over the years. Two ended without charges, while the outcome of the third remains unclear.

Errol Musk dismissed the allegations as a plot to extort money from Elon. “There was no evidence because this is nonsense,” he told the Times.

Elon Musk himself has publicly described his father as a deeply troubling figure. In a 2017 Rolling Stone interview, he said Errol had done “almost every evil thing you could possibly think of,” recalling that he went to live with his father at age 10 out of pity but later realized “it was not a good idea.”

The Times noted that Errol Musk, who has at least nine children and stepchildren across three marriages, “maintains a powerful grip over much of the family.” Elon Musk declined to comment on the allegations.

Billionaire Elon Musk’s Estranged Daughter Declares Financial Independence, Says She Has ‘No Desire to Be Super Rich’

Vivian Wilson, the 21-year-old estranged daughter of billionaire Elon Musk, has revealed that she has been financially independent for several months.

Speaking on Saturday at Teen Vogue’s 2025 Summit, Wilson clarified that despite public assumptions, she earns her own money and receives no financial support from her father, the world’s richest man.

“I’m financially independent. I’m making money now,” she said. “People assume I have a lot of money, but I don’t have hundreds of thousands of dollars at my disposal.”

Without mentioning Musk by name, Wilson noted the contrast between her parents’ wealth: “My mom is rich, right? But obviously the other one is unimaginably wealthy.”

She explained that the high cost of education rules out any expectation of inheritance. “College is expensive. I don’t have that kind of inheritance.”

Wilson stressed that she has no desire for extreme wealth, adding: “I can afford food. I have friends, a shelter, and some expendable income, which is nice and much more fortunate than most people my age in Los Angeles.”

Trump Raises H-1B Visa Fee to $100,000, Launches New “Gold Card” Residency Program

US President Donald Trump has signed an executive order sharply increasing the H-1B visa application fee to $100,000, a move expected to significantly impact America’s technology sector.

The order coincides with the introduction of a new “gold card” residency program, which offers fast-tracked US residency for $1 million, or $2 million if paid via corporate sponsorship.

“The main thing is, we’re going to have great people coming in, and they’re going to be paying,” Trump said Friday in the Oval Office as he signed the measures.

The H-1B visa program enables US companies to employ foreign professionals with specialized skills—including scientists, engineers, and programmers—for an initial three-year period, renewable up to six years. Each year, 85,000 slots are available through a lottery system, with Indian applicants historically receiving about 75% of the visas. These visas are critical for US tech firms seeking to fill skill gaps.

Industry leaders, including Elon Musk, have previously warned that restricting H-1B visas could hurt the tech industry, citing the shortage of domestic talent in key sectors.

Commerce Secretary Howard Lutnick, present at the signing, stated, “All the big companies are on board.”

During his first term, Trump attempted to limit which jobs qualified for H-1B sponsorship, but courts blocked those efforts. The new order represents a continuation of his broader immigration restrictions in his second term.

Under the new rules:

The $100,000 fee applies to new H-1B applicants starting Sunday.

The Secretary of Homeland Security can grant exemptions for certain individuals, companies, or industries.

The order is set to remain in effect for one year, with potential extensions by the President.


Demand for H-1B visas has surged in recent years, reaching a record high in 2022 under President Joe Biden. In 2024, about 400,000 visas were approved, primarily renewals.

Trump emphasized that the gold card program will attract wealthy investors, saying, “I think it’s going to be tremendously successful.”

Previously, Nigeria and several other African nations were affected by a 15% import tariff following a separate executive order signed by Trump.

Comedian Andrew Hamilton Reveals He Pays Another Man to ‘Workout’ with His Wife, Calls Intimacy a Distraction

Comedian Andrew Hamilton has sparked widespread reactions after making a shocking revelation about his private life.

In a recent interview, Hamilton disclosed that he pays another man to sleep with his wife, explaining that he views intimacy as a distraction from his bigger ambitions, especially his drive to grow his income.

He likened his choice to the habits of successful entrepreneurs such as Elon Musk, Jeff Bezos, and Mark Zuckerberg, who outsource tasks like cooking, laundry, or mowing the lawn to free up time for what truly matters,building their businesses.

Hamilton argued that, in the same way, delegating his marital intimacy allows him to stay fully focused on his goals. When asked if this unusual arrangement makes him a cock,” the comedian remained unapologetic.

Larry Ellison Surpasses Elon Musk to Become World’s Richest Person after his fortune increased by over $100 billion in one day.

Oracle co-founder Larry Ellison has overtaken Elon Musk as the world’s richest individual after a sharp surge in Oracle’s share price lifted his fortune to $393bn, edging past Musk’s $384bn.

The 81-year-old billionaire, who holds a 41% stake in Oracle, saw his wealth soar on Wednesday when the software giant posted stronger-than-expected results. Oracle’s stock jumped over 40% in early trading to $340 per share, valuing the company at $958bn. Bloomberg’s Billionaires Index noted it was both the firm’s largest single-day rise & the biggest one-day wealth gain ever recorded.

Ellison & Musk now rank far ahead of Facebook’s Mark Zuckerberg & Amazon’s Jeff Bezos. Ellison’s wealth also comes from a stake in Tesla, ownership of the Hawaiian island of Lanai, a sailing team & the Indian Wells Open tennis tournament. He has long ties with Musk, whom he has often been described as mentoring.

He served on Tesla’s board from 2018 to 2022 and invested $1bn in Musk’s purchase of Twitter (now X). According to Walter Isaacson’s biography of Musk, when asked to invest, Ellison replied he would contribute a billion dollars or “whatever you recommend.” Musk is also a frequent guest on Ellison’s Hawaiian island.

A supporter of Donald Trump, Ellison has appeared with him at the White House, including for the launch of the $500bn Stargate AI project. Musk, who initially had close ties with Trump before a recent fallout, is also backing Trump’s 2024 campaign.

Oracle’s surge is driven by soaring demand for its cloud services from AI firms, including ChatGPT maker OpenAI, which require massive datacentres.

Musk, CEO of Tesla and founder of SpaceX, first claimed the top spot in 2021, briefly ceded it to Jeff Bezos and Bernard Arnault, and regained it last year. After just over 300 days, Ellison has now taken the crown.

Tech Billionaire Elon Musk absent as Trump Hosts Tech Leaders at White House Dinner.

U.S. President Donald Trump hosted top technology executives at the White House on Thursday night, in a high-profile dinner focused on boosting domestic investment and innovation. One notable absence was Tesla and SpaceX chief Elon Musk, once a close ally of Trump and former head of the Department of Government Efficiency (DOGE).

Their relationship soured earlier this year after Musk dismissed Trump’s “Big Beautiful Bill” as “idiotic,” warning it would worsen federal debt. The feud escalated when Musk accused Trump on X of concealing Jeffrey Epstein’s files.

Instead, the guest list featured Musk’s rivals and other industry leaders. OpenAI CEO Sam Altman, Microsoft’s Satya Nadella, Apple’s Tim Cook, Google’s Sundar Pichai, and Meta’s Mark Zuckerberg were among those seated around Trump at the long table.

“This is taking our country to a new level,” Trump declared, describing his guests as “high IQ people.” He pressed executives on their U.S. investments, with Zuckerberg claiming Meta spends $600 billion annually, Cook citing the same figure for Apple, Pichai noting $250 billion from Alphabet, and Nadella pledging $80 billion from Microsoft.

Other attendees included IBM CEO Arvind Krishna, Oracle’s Safra Catz, Google founder Sergey Brin, Microsoft co-founder Bill Gates, and OpenAI co-founder Greg Brockman. Trump also welcomed Blue Origin CEO David Limp, Micron CEO Sanjay Mehrotra, Palantir’s Shyam Sankar, Scale AI’s Alexandr Wang, and Code. org president Cameron Wilson.

Trump, who has long courted Silicon Valley while also sparring with its leaders, used the event to boast about America’s AI progress and frame tech investment as a cornerstone of his economic agenda.

News Brief: Altman vs. Musk Rivalry Escalates

The feud between OpenAI CEO Sam Altman and Tesla/X boss Elon Musk has intensified, spilling across multiple industries. Once co-founders of OpenAI in 2015, their relationship collapsed after Musk’s failed bid to control the company in 2018.

Since then, the rivalry has turned personal, with both men trading insults online and battling in court. Musk sued to block OpenAI’s shift to a for-profit entity, while Altman countersued, accusing Musk of trying to sabotage the company.

Now, Altman is openly challenging Musk’s businesses:

Neuralink: Altman co-founded Merge Labs, a brain-computer interface startup valued at $850M, set to rival Musk’s $9B Neuralink.

X (Twitter): OpenAI is reportedly developing an “X-like” social media platform, potentially threatening Musk’s platform with ChatGPT’s 700M weekly users compared to X’s 600M monthly users.

Tesla: With Tesla sales down 13.5% in Q2 2025, Musk is betting on robotaxis. But Altman announced a partnership with Applied Intuition to advance self-driving AI, claiming OpenAI tech could outperform Tesla’s.

SpaceX: Altman has invested in Longshot Space, which aims to launch satellites via a massive orbital gun, as well as Glydways, a robocar venture that could rival Tesla’s future robotaxi ambitions.

What began as shared concern about AI has become a bitter multi-front corporate war, with Altman taking aim at nearly all of Musk’s companies.

#TechFeud #AltmanVsMusk #SiliconValleyWars

Elon Musk's AI video generator has been accused of making "a deliberate choice" to create sexually explicit clips of Taylor Swift without prompting, an expert in online abuse has said.

X Accuses UK Government of Overreach Over Child Safety Law

August 1, 2025 – X, the social media platform owned by Elon Musk, has criticized the UK’s Online Safety Act, calling it an example of government “overreach” that could undermine free speech.

In a post via its Global Government Affairs account, X said that while the law’s aim to protect children from harmful content is “laudable,” its broad scope threatens to infringe on public expression rights.

X also slammed a new code of conduct and a UK police unit monitoring social media as duplicative and concerning for free speech.

The platform has begun implementing age verification tools, including AI-driven age estimation and ID uploads, to comply with new rules in the UK, Ireland, and the EU.

Platforms failing to meet standards set by Ofcom face fines of up to £18 million or 10% of global revenue, and could be blocked in the UK.

The law has triggered privacy concerns, with critics warning of identity theft risks. In response, UK users have turned to VPNs, pushing VPN apps to the top of Apple’s UK download charts.

#OnlineSafetyAct #FreeSpeech #ElonMusk #UKDigitalRegulation

Tesla and SpaceX CEO Elon Musk announced on Wednesday night that his time as head of
DOGE is coming to an end and thanked @President Donald J Trump for the opportunity to cut wasteful spending. Musk was hired as a special government

Global Outage Hits Elon Musk’s Starlink, Thousands Report Disruptions.

Starlink, the satellite internet service owned by Elon Musk’s SpaceX, suffered a major global outage on Thursday, leaving thousands of users without connectivity.

In a post on X, Starlink acknowledged the network disruption and said it is actively working to resolve the issue. “We appreciate your patience,” the company stated, promising updates once service is restored.

By 3:54 p.m. ET, outage tracker Downdetector recorded over 36,000 user reports. Musk also apologized via X, assuring that SpaceX is addressing the root cause to prevent future disruptions.

Former DOGE head Elon Musk issues a stark warning that President @realdonaldtrump's tariffs will send the economy into a recession.
Do you agree with Elon Musk's?

Tech Billionaires Pavel Durov and Elon Musk Offer Some Free Career Tips for Students.

Yaccarino Resigns As Elon Musk’s 𝕏 CEO

The Chief Executive Officer of 𝕏, formerly known as Twitter, Linda Yaccarino, has stepped down from her role after serving two years at the helm of the Elon Musk-owned social media platform.

Yaccarino made the announcement in a post on 𝕏 on Wednesday, expressing gratitude for the opportunity and pointing to the company’s transition into a new phase under xAI, Musk’s artificial intelligence company, which recently acquired the platform.

Elon Musk Launches ‘America Party’ After Fallout with Trump.

Billionaire Elon Musk has announced the formation of a new political party—the America Party—following a dramatic fallout with former ally and President Donald Trump over a recently passed domestic policy bill.

“When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy,” Musk posted on X. “Today, the America Party is formed to give you back your freedom.” Musk, formerly Trump’s top campaign donor and close adviser, had backed the administration’s government efficiency drive.

But he strongly opposed Trump’s latest policy bill, warning it could add trillions to the national debt. He described the Republican agenda as “debt sl+very.”

Tensions between the two escalated last month after Musk’s initial criticism, briefly cooled, then reignited as the bill neared passage. Trump signed it into law on Friday.

The America Party, Musk says, will push a fiscally conservative agenda, though it’s unclear if the party has filed any official paperwork with the Federal Election Commission. So far, no platform details have been shared beyond Musk’s emphasis on spending cuts.

Though Musk and Trump share conservative views on social issues, the rift highlights deep divides over economic policy. Trump has since lashed out, thr+atennning to review government contracts with Musk’s companies and calling the efficiency department Musk once led a “m+nster that may go back and eat Elon.”

Musk said his party would focus on supporting candidates in a limited number of House and Senate races in the upcoming midterms. Experts say launching a third party faces steep financial and legal hurdles. Despite high-profile attempts—like Ross Perot’s 1992 run—no third-party candidate has won a U.S. presidential election in modern history.

US Billionaire Elon Musk Announces New 'America Party' To Rival Republicans, Democrats.

Elon Musk, a former ally of US President Donald Trump, said he launched the party to challenge what the tech billionaire described as the country’s “one-party system.”

United States tech mogul and billionaire, Elon Musk, has announced the formation of ‘America Party’, a new political party in the US.

Musk made the declaration on Saturday, a day after asking his followers on X whether a new political party should be created.

Elon Musk, a former ally of US President Donald Trump, said he launched the party to challenge what the tech billionaire described as the country’s “one-party system.”

“When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy,” Musk, who had a bitter falling out with Trump after leading the president’s effort to slash spending and cut federal jobs, posted on X.

“Today, the America Party is formed to give you back your freedom.”

Trump Administration Shuts Down USAID After Six Decades of Global Aid Work

The Trump administration has officially shut down the U.S. Agency for International Development (USAID), bringing an end to the 63-year-old agency’s operations.

The closure is part of a broader federal downsizing campaign and aligns with the goals of Elon Musk’s Department of Government Efficiency—a new unit tasked with reducing what it calls “bureaucratic excess.” Established in 1961 by President John F. Kennedy after Congress passed the Foreign Assistance Act, USAID functioned as an independent agency dedicated to combating global pov+rty and promoting democratic resilience.

For over six decades, it partnered with nations worldwide to deliver humanitarian aid, economic support, and health interventions.

USAID’s contributions were widely regarded as pivotal in several historic global milestones. It played a leading role in the Green Revolution, credited with helping save over a billion lives through improved agricultural practices.

The agency also partnered with international bodies to strengthen global health systems—efforts that contributed to a 69% drop in child mortality rates since 1990. However, the Trump administration had gradually slashed funding to many of USAID’s signature programs, leading to the weakening and eventual shutdown of several key initiatives.

While critics have condemned the move as a setback for U.S. global leadership and humanitarian outreach, administration officials insist the decision reflects a strategic shift toward domestic priorities and leaner governance.

Trump Suggests He May “Take a Look” at Deporting Elon Musk Amid Policy Criticism Former U.S.

President Donald Trump has hinted at the possibility of deporting Tesla and SpaceX CEO Elon Musk following Musk’s recent criticism of Trump’s sweeping tax and spending legislation, dubbed the One Big Beautiful Bill Act.

Speaking to reporters on Tuesday before visiting an immigration facility in Florida, Trump was asked if Musk—originally from South Africa but now a naturalized American citizen—could face deportation over his opposition to the bill.

“I don’t know,” Trump said. “We’ll have to take a look.” Trump also made a veiled thr+at involving the now-defunct Department of Government Efficiency (nicknamed DOGE), a quasi-agency Musk once led during the early months of Trump’s second term. “We might have to put Doge on Elon,” Trump said.

“You know what Doge is? Doge is the m+nster that might have to go back and eat Elon.” Musk served as an unpaid government adviser leading DOGE, initially tasked with reducing costs.

However, the agency soon became known for its aggressive dismantling of government programs—most notably, the abrupt shutdown of the U.S. Agency for International Development (USAID). Musk departed the role in May after his request to stay longer in that unpaid capacity was denied.

Since returning to the private sector, Musk has become an outspoken critic of Trump’s spending bill, which he says increases national debt and funds partisan policies without bipartisan input. He has used his platform on X (formerly Twitter) to att+ck the bill and signal support for primary challenges against lawmakers who back it.

Trump, in turn, accused Musk of opposing the bill out of self-interest, particularly over provisions that would end tax breaks for electric vehicles. “He’s upset that he’s losing his EV mandate,” Trump said. “But you know, he could lose a lot more than that.”

Musk has so far avoided directly addressing Trump’s thr+ats, but in a cryptic response on X, he wrote, “So tempting to escalate this. So, so tempting. But I will refrain for now.”