The wealthiest US president in history is Donald Trump. The 78-year-old tripled his wealth to $7.2 billion with his 53% ownership in Truth Social, making him the first person to appear in the Top 500 of the Hurun Global Rich List 2025.
Trump’s fan base and platform dominance have caused his income to almost treble. The story claims that Trump’s “post-election bonus” also benefited his billionaire partners Peter Thiel and Elon Musk.
“Tech investor Peter Thiel and close friend Elon Musk saw their wealth increase by 67% to US$14 billion and 82% to US$420 billion, respectively. Trump’s fortune has nearly tripled to US$7.2 billion thanks to the US President’s fan base, according to the Hurun Report. The richest person in the world is once again Elon Musk.
As of January 21, 2025, Forbes estimated Donald Trump’s net worth to be $6.7 billion, a record high. His real estate holdings, which include properties owned by the Trump Organization, upscale golf resorts, and the renowned Mar-a-Lago residence, are the main source of his fortune.
Unexpectedly, the $TRUMP memecoin, which surged in value upon its launch and currently makes up over 89% of his fortune, significantly improved his financial situation. Trump’s financial empire keeps expanding as he serves a second term as the 47th President of the United States, combining traditional assets with cutting-edge digital endeavors.
In 2024, there were 870 billionaires in the US, including 96 newcomers. Bernard Arnault of France was the only one to prevent it from dominating the top 10. The owner of the luxury group LVMH, Arnault, 75, lost $18 billion and fell to seventh position with $157 billion.
Forty-two percent of the Hurun Top 100’s total wealth is accounted for by the 45 American billionaires that are listed. Software and services (106 billionaires), media and entertainment (111 billionaires), and financial services (170 billionaires) are the top three industries in the United States.
Due mostly to inheritance, the United States also boasts 130 female billionaires, second only to China (823 total, including nine recent additions). For the second year in a row, New York topped the global list of billionaires with 129 billionaires.
Analysts think that a win in India, where Starlink is getting close to regulatory permission for satellite broadband services, may open up further growing countries and support the company’s goals of adding one million users annually.
In addition to competition from firms like Eutelsat and China’s SpaceSail, which is expanding into Brazil, Malaysia, and Kazakhstan, there are still legal obstacles to go past. Additionally, SpaceX contends that American laws disadvantage it to international competitors.
According to experts, however, establishing a presence in India may be a $25 billion boon for Starlink, helping to transform the satellite internet sector there and presenting an alluring argument to other emerging economies.
“Starlink’s contract win is a strategic public relations triumph as well as evidence that it has overcome obstacles that most other operators would have thought impossible. According to Davis Mathew Kuriakose, an independent satcom analyst, “India is not only a credibility boost but also a key test of its economic feasibility in emerging markets,” stated Starlink.
Due to a legislative stalemate over spectrum allotment, Elon Musk’s SpaceX-owned satellite internet network has been waiting for permits to operate commercially in India since 2022. An email requesting comment was not answered by Starlink.
In the impasse, Starlink publicly spat with Sunil Mittal’s Bharti Airtel and Mukesh Ambani’s Reliance Jio over whether India should distribute satellite broadband spectrum administratively, which would assist newer entrants like Starlink, or through an auction, which would favor established telecom operators.
In October, India made the decision to distribute the bandwidth.
Industry insiders say that the unexpected signing of separate agreements by Mittal’s Airtel and Ambani’s Jio with SpaceX this month to introduce Starlink services to India suggests that regulatory obstacles may soon be removed.
Low Earth orbit (LEO) subscription fees, which cover broadband and mobile services, are expected to drop significantly from $148 per month in 2023 to roughly $16 per month by 2035, according to Goldman Sachs. Additionally, Goldman predicts that by 2035, the worldwide satellite market would have grown from $15 billion to at least $108 billion.
According to Caleb Henry, director of research at space-focused financial business Quilty Space, Starlink is expected to attract 3 million customers worldwide by 2025, with 1 million of those subscribers coming from Asia.
Henry stated, “Once approved, India will be the largest contributor to Starlink’s Asia subscriber growth.”
“AN ATTAILABLE TABLE”
According to six industry insiders Reuters spoke with, SpaceX’s pricing strategy will determine how much money it makes in India.
In order to compete with India’s current market, where basic plans start at around $12 per month, three of them anticipate that Starlink will provide competitive broadband options, maybe starting at $15 per month.
“A portion of the market will always be prepared to pay more for convenience. According to Vivek Prasad, chief analyst for space and satellite at consulting firm Analysys Mason, “India is an aspirational market, and the brand value of having a Starlink connection is also an added benefit.”
Over 120 markets with differing degrees of regulatory complexity, including those requiring spectrum cooperation, are served by Starlink.
Although the company’s agreements with Reliance and Airtel require final regulatory approvals, they were struck only a few weeks after Prime Minister Narendra Modi met with Musk in Washington, which some believe may have facilitated the process.
According to three industry insiders who asked not to be named due to business sensitivities, Starlink would have an advantage over any competitors wishing to enter India if it were approved there.
“With a potential addressable market of almost 700 million subscribers, India’s satellite internet sector is just getting started. One senior official added, “Starlink has a place at the table to determine how that market develops.”
An email requesting comment on Starlink’s license approval was not immediately answered by the department of telecoms or India’s space authority.
According to the SatCom Industry Association-India, Starlink’s arrival will encourage the industry’s expansion.
The industry group stated that “this will boost employment growth in satellite network operations, ground stations, equipment manufacture, and rural broadband services, while boosting the global competitiveness of Indian space startups cooperating with international companies.”
Elon Musk has disclosed that Grok, an AI chatbot, can produce memes in less than a minute. This followed a post on X that included a meme of US President Donald Trump saying, “Everything is computer,” while standing in front of a tanker.
“Making a meme on Grok takes less than a minute,” the user wrote.
Musk responded to the message by confirming the assertion with the single word “True.”
Last month, Musk’s artificial intelligence company, xAI, unveiled Grok 3, claiming it was ten times more powerful than Grok 2. The new model is said to perform exceptionally well on tasks requiring creativity, in-depth study, and reasoning.
Musk previously posted another meme highlighting Grok AI’s supremacy over rival AI models ChatGPT, Google AI, and Meta AI. The meme showed three penguins saluting one with sunglasses and a captain’s cap, and it was based on a popular social media template from the animated movie Madagascar.
The AI is intended to facilitate “natural and engaging interactions” and has a distinct “rebellious streak,” addressing subjects that other AI models might shy away from, according to Grok’s official website.
Musk clarified the origin of the AI’s moniker during the Grok 3 launch demo, stating, “The phrase originates from Robert Heinlein’s novel Stranger in a Strange Land. It denotes having a thorough and profound understanding of something. According to him, two essential components of Grok’s operation are profound comprehension and empathy.
Grok 3 had to figure out a workable path for a transfer from Earth to Mars and return as part of its launch demonstration. The AI demonstrated its sophisticated problem-solving skills by successfully calculating and visualizing the trajectory.
With its sophisticated computing power, high-level thinking, and quick meme-generation abilities, Grok 3 seeks to subvert the industry’s reliance on established AI models.
Musk and the xAI team decided in April 2024 that they needed to construct their own data center in order to create the most cutting-edge AI. Due to a tight timeline, the crew completed the first 100,000 GPUs in 122 days, which they described as a “monumental achievement.”
Grok has been continuously enhanced by this enormous processing capacity, which enables it to operate in three modes: DeepSearch, Think, and Big Mind.
For many Americans, daylight saving time has long been a source of annoyance due to frequent sleep disturbances and perplexing clock resets. Numerous politicians and leaders have demanded that this biannual custom be discontinued.
Daylight saving time has been a topic of discussion for many years. Elon Musk, a billionaire, and US President Donald Trump have expressed their thoughts on the issue. In the meantime, legislation to permanently end the twice-yearly clock-switch is being considered by the US Congress.
Some contend that the practice is antiquated and disruptive, while others are in favor of extending summer daylight hours and switching back to standard time in the winter. Making a lasting change has proven difficult, though, despite strong feelings on both sides.
Here is a look at the current controversy and the reasons why abolishing daylight saving time is so challenging.
Trump seemed to be in favor of abolishing daylight saving time at first, but his latest comments raise doubts about his commitment to the proposal.
“The Republican Party will utilize its best efforts to remove Daylight Saving Time, which has a small but strong support, but shouldn’t!” Trump said in a December social media post, criticizing the biannual clock shift. Daylight Saving Time is incredibly expensive for our country and cumbersome.
But a few months later, his position was less clear-cut. Trump recognized the lingering controversy during his signing of executive orders on Thursday, referring to it as a “fifty-fifty issue.” “A lot of people like it one way, a lot of people like it the other way,” he continued. “It is something I can do.”
Sunrise and sunset are moved an hour later due to daylight saving time, which interferes with everyday schedules. “I assume some would prefer to have more light later, but some want more light sooner because they do not want to take their kids to school in the dark,” Trump said, highlighting the differing views.
By asking users on X if they would prefer an earlier or later time adjustment if the practice were to be discontinued, billionaire Elon Musk sparked a discussion. 58% of the more than 1.3 million participants voted for a later shift, while 42% supported an earlier one.
Trump’s shifting position indicates that any possible adjustment is still up in the air while the fight over daylight saving time rages on.
A US judge right off the bat Saturday briefly obstructed Elon Musk’s Branch of Government Proficiency (DOGE) from getting to records from the Depository Division containing delicate individual information of millions of Americans, including their government managed retirement and financial balance numbers.
US region judge Paul A. Engelmayer gave the primer order after 19 Popularity based states sued President Donald Trump in bureaucratic court in New York City for allowing Elon Musk’s to staff access delicate government installment frameworks disregarding administrative regulation.
This adds to the large number of lawful activities as leftists and others battle Trump and his expense cutting autocrat Musk in court. On Thursday, a bureaucratic appointed authority in Massachusetts briefly suspended a plan engineered by Musk to cut the size of the US government by empowering America’s multiple million government workers to stop through a mass buyout.
Musk, the world’s most extravagant individual and President Donald Trump’s greatest contributor, is responsible for a free-running substance called the Division of Government Proficiency (DOGE) that plans to destroy the public authority.
What Is DOGE And Who Is In The Group? In spite of its name, DOGE isn’t an administration division, and Musk doesn’t draw an administration compensation. The office’s creation has drawn claims from government associations, guard dogs and public vested parties the same.
Precisely who makes up DOGE is hazy. The Trump organization has not delivered a rundown of DOGE representatives. Nor has it said how they are being paid, or the number of have entered every organization.
However, DOGE’s moves since Trump made over the White House seem, by all accounts, to be zeroing in on innovation and staff in its expressed objective to cut government spending. Staff members associated with DOGE and frequently to Musk’s organizations, including SpaceX and Tesla, are spreading out across administrative offices, where they are accessing delicate frameworks and data on government installments and workers.
Musk and his DOGE lieutenants have assumed control over the Workplace of Faculty The executives (OPM) and the General Administrations Organization (GSA) alongside their PC frameworks.
OPM is the HR arm of the US government, supervising 2.2 million government laborers. From that point, messages have been conveyed in the previous week offering government workers monetary motivations to stop. The GSA supervises most government contracts and oversees administrative property.
No less than four current and previous Musk helpers are essential for a group that has taken over OPM, closing out a few ranking directors from their own PC frameworks, sources told news organization Reuters. Last Thursday, Musk visited the GSA while colleagues into the office. Following Day, the group accessed the US Depository Division’s installment framework, which conveys more than $6 trillion a year for bureaucratic organizations and contains the individual data of millions of Americans who get Federal retirement aide installments, charge discounts and other monies from the public authority.
Michael Linden, a senior authority during the organization of previous President Joe Biden at the Workplace of The board and Spending plan let Reuters know that the entrance by Musk’s helpers to installment frameworks gives them uncommon likely power.
“They could get to single out which installments the central government makes,” Linden said.
Musk’s Impact In Washington Musk’s quick takeover of US government organizations has empowered the South African-conceived tycoon to apply exceptional command over America’s 2.2-million-part bureaucratic labor force and start an emotional reshaping of government.
The world’s most extravagant man and a partner of President Donald Trump, Musk, 53, has in two weeks made another focal point of force in Washington as he executes Trump’s expense slicing drive to lessen the size of the US government.
DOGE’s activities have cultivated a flood of frenzy among government laborers and public fights in Washington with its work to close down USAID, the Organization for Global Turn of events, America’s super philanthropic guide organization to the world.
Musk Partakes in Trump’s Help Regardless, Musk works at Trump’s pleasure. The president told correspondents on Monday that the extremely rich person needed to look for endorsement from the White House for any of his activities.
“Elon can do and won’t do nothing without our endorsement, and we’ll give him the endorsement, where suitable; where not fitting, we will not. However, he reports in,” he said.
A White House source let Reuters know that “those driving this mission with Elon Musk are doing as such in full consistence with government regulation, suitable exceptional status, and as workers of the important organizations, not as outside guides or substances.”
A US judge gave a crisis request early Saturday impeding Elon Musk’s administration change group from getting to individual and monetary information put away at the Depository Office, court reports showed.
US Locale Judge Paul A. Engelmayer’s structure confines giving admittance to Depository Division installment frameworks and different information to “every political deputy, extraordinary government representatives, and government workers itemized from an organization outside the Depository Office.”
The brief prohibitive request, which stays as a result until a February 14 hearing, likewise says any such individual who has gotten to information from the Depository Division’s records since Donald Trump was initiated as president on January 20 unquestionable necessity “promptly dispose of all possible duplicates of material downloaded.”
Musk, the world’s most extravagant individual, is driving Trump’s administrative expense cutting endeavors under the alleged Branch of Government Productivity (DOGE).
The argument was brought against Trump, the Division of the Depository and Depository Secretary Scott Bessent on Friday by lawyers general from 19 states. The lawyers general asserted the organization disregarded the law by growing admittance to delicate Depository Office information to staff from Musk’s DOGE.
Engelmayer’s organization said the states that sued would “face unsalvageable damage without any injunctive help.”
“That is both due to the gamble that the new approach presents of the revelation of delicate and secret data and the elevated gamble that the frameworks being referred to will be more defenseless than before to hacking,” he composed.
Musk ran into discussion last week with reports he and his group were getting to delicate information put away at the Depository Division. An inner appraisal from the Depository considered the DOGE group’s admittance to government installment frameworks “the single greatest insider danger the Department of the Financial Help has at any point confronted,” US media revealed.
Vivek Ramaswamy’s takeoff from the Division of Government Effectiveness (DOGE) denotes a critical change in his profession direction. The 39-year-old business person, who co-drove DOGE close by Elon Musk, has declared his choice to run for Ohio Lead representative in 2026. This move is viewed as an endeavor to resuscitate his political profession inside the state, especially since Ohio’s ongoing Lead representative, Mike DeWine, is confined by service time restraints.
Ramaswamy’s exit from DOGE was apparently assisted by his disagreeable comments on X, where he condemned American culture and its recruiting rehearses, particularly with respect to the H-1B visa program. His remarks, which lined up with the perspectives on Musk and Trump, ignited far and wide discussion and earned north of 118 million perspectives and 51,000 remarks. In his post, Ramaswamy contended that American organizations focus on unfamiliar conceived engineers over local Americans because of a social worship of unremarkableness over greatness.
The explanation top tech organizations frequently enlist unfamiliar conceived and original specialists over “local” Americans isn’t a direct result of a natural American intelligence level shortage (a languid and wrong clarification). A vital piece of it boils down to the c-word: culture. Intense inquiries request extreme responses and if…
The discussion encompassing Ramaswamy’s comments has prompted hypothesis about his relationship with Elon Musk and the Trump organization. As per Politico’s sources, Musk had clarified that he needed Ramaswamy out of DOGE, and the last’s flight is viewed as a demonstration of Musk’s impact in the approaching organization. This improvement has brought up issues about the elements inside DOGE and the degree of Musk’s command over the division.
A conservative tactician near Trump’s guides told Politico, “Everybody needs him out of Blemish a-Lago, out of DC. They needed him out before the tweet – however kicked him to the check when that (the X post) emerged.” Regardless of the pressures, Ramaswamy has communicated his obligation to supporting Trump’s more extensive political plan. In a proclamation shared on X, he commended the group’s capacity to smooth out government and alluded to his tentative arrangements in Ohio. “It was my distinction to assist with supporting the making of DOGE. I’m sure that Elon and group will prevail with regards to smoothing out government. I’ll have more to say extremely soon about my likely arrangements in Ohio. In particular, all of us are in to assist President With besting make America extraordinary once more!” his assertion said on X.
Ramaswamy’s choice to step down from DOGE has been met with blended responses. While some have commended his commitments to the division, others have reprimanded his comments on American culture and his treatment of the H-1B visa program.
Elon Musk as of late repeated worries about the declining worldwide populace, sharing a post on X (previously Twitter) featuring this as a significant test. The post incorporated a chart projecting populace changes for a few countries, including Nigeria, the US, Indonesia, and Pakistan, somewhere in the range of 2018 and 2100.
Elon Musk has taken to X, previously known as Twitter, to share his understanding in a post that populace decline currently remains as the world’s most serious issue.
A diagram showing the normal change in populace size somewhere in the range of 2018 and 2100 for the anticipated most crowded countries on The planet, which likewise incorporate Nigeria, the US, Indonesia and Pakistan, was presented on X Tesla Proprietors Silicon Valley account.
The record posted: “Populace breakdown is humankind’s most noteworthy danger… Elon Musk.”
For quite a long time, specialists have perceived that the world is making a beeline for populace decline, however there is a continuous discussion about the speed of this pattern and which nations will be generally influenced. Key elements adding to populace decline incorporate declining ripeness rates, displacement, and maturing populaces. In numerous countries, the typical number of kids per lady is underneath 2.1-the edge expected to support a steady populace.
In 2023, the normal number of kids per lady in Britain and Ribs dropped to 1.44, the most minimal at any point recorded, as per the Workplace for Public Measurements. Around the world, ripeness rates have declined essentially, tumbling from a normal of 5.3 kids per lady in 1963 to not exactly a portion of that figure today, the Day to day Express revealed.
A diagram previously distributed in 2020 shows that while the two India and China had populaces of around 1.5 billion of every 2018, their directions are supposed to forcefully veer. By 2100, India’s populace is projected to decline to just shy of 1.1 billion, a decrease of around 400 million. China’s populace, nonetheless, is supposed to fall emphatically to 731.9 million-a stunning drop of 731 million. This would situate Nigeria, with an extended populace of 790.1 million, as the world’s second most crowded country before the century’s over.
The 2020 report by scientists at the College of Washington recommended that populace decline, especially in China and India, could happen more quickly than recently expected.
In spite of fruitfulness rates underneath substitution levels, the US is projected to stay the fourth-biggest country in 2100, with populace security upheld by certain net movement. Also, Canada and Australia are supposed to keep up with semi-stable populaces through relocation.
By 2100, current development countries, for example, Indonesia and Pakistan are anticipated to encounter slight populace declines, while the Vote based Republic of the Congo and Ethiopia are supposed to outperform them in populace size when the new century rolled over.
Elon Musk has as often as possible voiced worries about worldwide populace decline, cautioning that “populace breakdown is coming.”
The German government has blamed Tesla President and business person Elon Musk of meddling in the country’s impending political decision after he supported the extreme right Option for Germany (AfD), as per a report by Euro News.
Authorities, including government representative Christiane Hoffmann, Social Leftist faction (SPD) co-pioneer Lars Klingbeil, and Friedrich Merz, head of Germany’s biggest resistance Christian Majority rule Association (CDU) censured Musk’s remarks on Germany.
“It is without a doubt the case that Elon Musk is attempting to impact the government political decision through his proclamations,” Hoffmann said.
That’s what she added despite the fact that Musk was “allowed to offer his viewpoint” it was quite important Musk was suggesting deciding in favor of a party that is “being observed by the Workplace for the Security of the Constitution on doubt of being conservative radical and that has previously been perceived as being traditional fanatic in parts.”
SPD co-pioneer Lars Klingbeil likewise scrutinized Musk, contrasting him with Russian President Vladimir Putin and blaming him for political race impedance.
Klingbeil claimed that Musk’s public underwriting of the extreme right Option for Germany (AfD) in front of the nation’s snap races is a purposeful endeavor to debilitate Germany’s vote based system and called for stricter guideline of significant web stages like Musk’s X.
In a meeting with Funke Mediengruppe on Monday, Klingbeil compared Musk to Putin, saying that “both need to impact our races and are purposely supporting the AfD, the adversaries of a vote based system. They maintain that Germany should be debilitated and dive into tumult.”
“We should be significantly more proactive and really limit the force of the huge web stages like Musk’s short message administration, X. Here, a tech very rich person is attempting to utilize his leverage to impact the course of world governmental issues,” Euro News revealed.
CDU pioneer Friedrich Merz called Musk’s support of the extreme right AfD a phenomenal instance of intruding between partnered countries and featured the expected monetary mischief of AfD approaches, for example, their push for Germany to leave the European Association.
Merz said Musk had ignored a few of the AfD’s strategies while drafting his commentary, including its expressed craving for Germany to leave the European Association, something Merz and numerous others contend would be incredibly harming to Germany’s economy, as indicated by a report by Euro News.
Last week, Musk started contention in Germany by transparently supporting the AfD.
In a post on X, Musk stated, “The depiction of the AfD as traditional fanatic is plainly misleading, taking into account that Alice Weidel, the party’s chief, has an equivalent sex accomplice from Sri Lanka! Does that sound like Hitler to you.”
Prior, Musk had considered Chancellor Scholz a “fool” after the breakdown of his three-party alliance. Musk posted in German on X: “Olaf ist ein Narr.” The sentence means – – “Olaf is an imbecile.”
In a significant new development, German Chancellor Olaf Scholz had lost a certainty vote in their parliament compelling the country into snap races seven months early.
The decision on December 16 came after Scholz’s delicate alliance fell, starting a political emergency in the biggest economy of the European Association.
Just 207 legislators casted a ballot in Scholz’s help in the 733-part lower house, or Bundestag, while 394 individuals casted a ballot against him and 116 went without. That left him far shy of most of 367 expected to support in power. Following this, the snap races for another parliament will happen on February 23.
In Germany, Scholz – who recently filled in as city chairman of Hamburg and money serve prior to turning into the top of another administration in 2021 – blamed the Free liberals for needing to obstruct interest in the country.
Seen as a progression up-and-comer when he took over from Angela Merkel quite a while back, he has outlined following year’s political race as a chance for electors to lay out a plan, giving the vote a role as a decision between a fate of development versus one of grimness, as per Al Jazeera.
Elon Musk is enroute to ubiquity, has world pioneers on speed-dial and his Benjamins whiten US officials. One could think, what does the most extravagant man on earth not have? To address that inquiry, his own organization town.
Throughout the long term, Texas has seen a development of Musk’s SpaceX, not long after he moved from California refering to “woke” reasons. A term Trump partners hate.
He said he will move SpaceX and X out of California assuming that California Lead representative Gavin Newsom signs a regulation that restrictions schools from illuminating guardians in the event that their youngsters utilize various names or pronouns.
This is the straw that broke the camel’s back.
In light of this regulation and the numerous others that went before it, going after the two families and organizations, SpaceX will currently move its HQ from Hawthorne, California, to Starbase, Texas. “This is the straw that broke the camel’s back,” Musk said on X. “Due to this regulation and the numerous others that went before it, going after the two families and organizations, SpaceX will currently move its HQ from Hawthorne, California, to Starbase, Texas.”
Presently, Musk is wanting to lay out a town in seaside South Texas, and making another district in Texas requires occupants and citizen support from a larger part. Since July, the SpaceX send off site known as Starbase has proactively become home to numerous representatives.
Per NYT, recently, the workers made a major stride towards making Starbase a town and began taking marks and documenting a request to hold a political decision.
The ‘Stabase people group’ flaunts around 500 occupants, including around 219 essential inhabitants and 100 youngsters. As indicated by the appeal, the town would be marginally bigger than Focal Park, covering 1.5 square miles and practically all inhabitants are leaseholders and work for SpaceX.
“On the off chance that you make your own city, and it’s a moderately little region now, you have sort of command over that area,” Robert Greer, an academic administrator at the Shrubbery School of Government and Public Help at Texas A&M College told AP.
“Consolidating Starbase will smooth out the cycles expected to construct the conveniences important to make the region a top notch spot to reside – for the hundreds previously calling it home, as well concerning planned laborers anxious to assist with building mankind’s future in space,” Kathryn Lueders, Starbase’s senior supervisor, expressed in a letter to the district.
While SpaxeX quickly grows nearby, a few local people have pushed back. Recently, a gathering called Save RGV sued SpaceX over claims of natural infringement and unloading contaminated water into the close by sound.
In the event that the proposed city gets authorisation, the SpaceX security administrator, Gunnar Milburn, is supposed to be the debut chairman.
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