Latest news with #RealTimeBillionairesList
Forbes
01-07-2025
- Automotive
- Forbes
Tesla Shares Sink 5% In Premarket As Trump-Musk Feud Reignites
Tesla shares fell more than 5% in premarket trading early Tuesday morning after President Donald Trump suggested government subsidies for Elon Musk's companies—including Tesla—should be scrutinized by the Department of Government Efficiency, as the billionaire CEO attacked Trump's signature spending bill and threatened to form a new political party. Tesla's shares fell more than 5% in premarket trading amid a reignited Trump and Musk feud. Getty Images Tesla's stock price briefly dropped below $300 after Trump attacked Musk and claimed his companies received more subsidies 'than any human being in history.' The electric vehicle maker's stock eventually settled at around $301.10, down 5.2%, early Tuesday. Tesla's shares have now fallen more than 9.2% since a public feud between the president and the world's richest person started last month. Tesla's shares had sunk below $285 last month, when Musk and Trump first started attacking each other publicly, but they managed to mount a full recovery later in the month amid signs of a detente between the two. Elon Musk's net worth is $406.5 billion, making him the world's richest person by a significant margin on Forbes' Real Time Billionaires List. This is likely to drop after markets open on Tuesday if the premarket dip holds. Why Are Musk And Trump Fighting Again? The slide in Tesla's shares came after Trump reacted to Musk's criticism of his signature budget bill and the billionaire's threat to fund primary challenges against GOP members voting for this bill. Musk attacked the bill in a series of posts on his X platform and said, 'If this insane spending bill passes, the America Party will be formed the next day.' Trump retaliated with a Truth Social Post suggesting that, without federal government subsidies, Musk's companies, including Tesla and SpaceX, may need to 'close up shop,' and the billionaire may be forced to 'head back home to South Africa.' The president added cost-cutting agency DOGE, which was previously led by Musk, should examine the cost of the subsidies to Musk's companies and appeared to suggest there was 'BIG MONEY TO BE SAVED' by getting rid of them. Musk responded to the threat by tweeting: 'I am literally saying CUT IT ALL. Now.' 'Elon Musk knew, long before he so strongly Endorsed [sic] me for President, that I was strongly against the EV Mandate. It is ridiculous, and was always a major part of my campaign. Electric cars are fine, but not everyone should be forced to own one,' the president said in his post. Trump Says Without Subsidies Musk Would Have To Close Firms And 'Head Back Home' To South Africa—As Feud Reignites (Forbes)
Sydney Morning Herald
28-06-2025
- Entertainment
- Sydney Morning Herald
The Bezos-Sanchez wedding party proves it – the age of vulgarity is upon us
One should never be cynical about love, but it is impossible to not be a little bit cynical about the nuptials of Amazon billionaire Jeff Bezos and his recently acquired bride, former television host Lauren Sanchez. The happy couple this week took over Venice for their wedding festival, which commenced with a foam party aboard the $500 million Bezos mega-yacht, moored in view of paparazzi off the coast of Croatia. For the uninitiated, a pre-wedding foam party seems to be a yacht-based, poolside romp in which the bride and groom-to-be frolic in their swimwear, covered by soapy bubbles that have presumably been prepped by one of the many invisible workers who have toiled to make this $50 million special day come true. Just as the working-poor labour force that powers Amazon has invisibly toiled to make Bezos one of the world's richest men (currently fourth-richest, as per the Forbes 'Real Time Billionaires List). We know about the foam party – from which the couple was helicoptered to Venice – because it was abundantly photographed. Like the Zen koan about the tree falling in the forest, there is zero point in a billionaire wedding unless it is telegraphed widely across the world in exquisite detail: the guest list (which included Oprah Winfrey, Katy Perry, Ivanka Trump, Jared Kushner, Kim Kardashian and sundry other Kardashi), the rolling schedule of parties, the flight logs of the 90-odd private jets expected to land at local airports, the price tags, and the dresses, the dresses (for the bride did not have just one). The publicity is the point. The transparent vulgarity is even more the point. As reported in New York magazine, 'Sanchez, in some respects, represents the aesthetic and moral pinnacle of the Mar-a-Lago era.' It was not so long ago that stealth-wealth was in vogue, and that so-called quiet luxury was aspirational. But the re-election of Donald Trump, and the slavish compliance the tech-bro oligarchs immediately bestowed on his administration (Sanchez managed to upstage the president by wearing a cleavage-driven inauguration outfit that Vogue noted 'forgoes inauguration style codes'), has changed all that.
The Age
28-06-2025
- Entertainment
- The Age
The Bezos-Sanchez wedding party proves it – the age of vulgarity is upon us
One should never be cynical about love, but it is impossible to not be a little bit cynical about the nuptials of Amazon billionaire Jeff Bezos and his recently acquired bride, former television host Lauren Sanchez. The happy couple this week took over Venice for their wedding festival, which commenced with a foam party aboard the $500 million Bezos mega-yacht, moored in view of paparazzi off the coast of Croatia. For the uninitiated, a pre-wedding foam party seems to be a yacht-based, poolside romp in which the bride and groom-to-be frolic in their swimwear, covered by soapy bubbles that have presumably been prepped by one of the many invisible workers who have toiled to make this $50 million special day come true. Just as the working-poor labour force that powers Amazon has invisibly toiled to make Bezos one of the world's richest men (currently fourth-richest, as per the Forbes 'Real Time Billionaires List). We know about the foam party – from which the couple was helicoptered to Venice – because it was abundantly photographed. Like the Zen koan about the tree falling in the forest, there is zero point in a billionaire wedding unless it is telegraphed widely across the world in exquisite detail: the guest list (which included Oprah Winfrey, Katy Perry, Ivanka Trump, Jared Kushner, Kim Kardashian and sundry other Kardashi), the rolling schedule of parties, the flight logs of the 90-odd private jets expected to land at local airports, the price tags, and the dresses, the dresses (for the bride did not have just one). The publicity is the point. The transparent vulgarity is even more the point. As reported in New York magazine, 'Sanchez, in some respects, represents the aesthetic and moral pinnacle of the Mar-a-Lago era.' It was not so long ago that stealth-wealth was in vogue, and that so-called quiet luxury was aspirational. But the re-election of Donald Trump, and the slavish compliance the tech-bro oligarchs immediately bestowed on his administration (Sanchez managed to upstage the president by wearing a cleavage-driven inauguration outfit that Vogue noted 'forgoes inauguration style codes'), has changed all that.
