Elon Musk

Bernard Arnault, chairman of French luxury goods company LVMH, became the world's richest person, replacing Tesla boss Elon Musk, whose net worth slipped by ...

Elon Musk has manipulated the price of dogecoin in the past. The first time it happened, in early 2020, DOGE jumped after the Tesla founder tweeted out a meme.

CoinDesk is an independent operating subsidiary of [Digital Currency Group](https://dcg.co/), which invests in [cryptocurrencies](https://dcg.co/#digital-assets-portfolio) and blockchain [startups](https://dcg.co/portfolio/). [strict set of editorial policies](/ethics/). [ Consensus 2023](https://consensus.coindesk.com/), CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Over 30-some tweets up to the end of 2022, Musk pumped the price of DOGE by 4.5% on average, according to crypto-skeptical news site [Protos](https://protos.com/heres-how-much-elon-musk-has-pumped-dogecoin-doge-this-year/). Dogecoin developers have hinted that Chief Twit Musk even sat in on development calls as the Top Doge, and Musk has said the network has unique capabilities for micropayments. Musk’s scatterbrained leadership at Twitter has even weakened support among his base of TSLA stock owners and space nerds, showing that Musk’s brand of creative-destruction may actually just be destructive. Whether a working codebase and the support of one of the world’s most influential people is enough to propel DOGE into the hands of everyone remains to be seen. Elon Musk has manipulated the price of dogecoin in the past. The latter is rarely used, which gives some indication of how frequently the even-less-widely adopted and even-less-trusted crypto, dogecoin, would (or wouldn’t) be used. On March 31, Musk’s lawyers asked to throw out the suit, saying his statements were too vague to be considered fraud. The first time it happened, in early 2020, DOGE jumped after the Tesla founder tweeted out a meme. I hear there’s excitement brewing that DOGE could pump above the 10 cents threshold, which is proportionately one-tenth as exciting as when the so-called

Just buy Twitter ... and change the bird to a doge,” Twitter user WSBChairman said.

This as Musk had in the past posted public statements on Twitter in support of the cryptocurrency. [According to a report by Reuters](https://www.reuters.com/legal/elon-musk-seeks-end-258-billion-dogecoin-lawsuit-2023-04-01/), Musk is accused of running a pyramid scheme to support the cryptocurrency dogecoin. [Dogecoin Foundation](https://foundation.dogecoin.com/about/#:~:text=The%20Dogecoin%20Foundation%20is%20a,to%20prevent%20abuse%20and%20fraud.), the dog coin logo “doge” is a cryptocurrency created by software engineers in the US back in 2014.

Elon Musk is currently facing a $258 billion class-action federal lawsuit accusing him of engaging in a pyramid scheme for voicing his support for Dogecoin ...

Musk often voiced his support for the coin and was even nicknamed “The Dogefather.” There was a concerted movement to get the coin to $1, which has not yet happened. Monday, the coin was valued at about 1 cent.

The production of electric vehicles (EVs) is near the forefront of the energy transition, and automaker Tesla is well aware of this.

The fund comes with a 0.75% expense ratio and focuses most of its holdings (as of March 21) on small-cap equities, offering investors growth exposure as the demand for nickel gains momentum during the energy transition phase. Per its fund description, NIKL seeks to provide investment results that track the total return performance of the Nasdaq Sprott Nickel Miners™ Index (NSNIKL™). With this ETF, investors get exposure to nickel mining in other parts of the world. Finance article did note](https://finance.yahoo.com/news/please-mine-more-nickel-elon-213823721.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAB8tiCBYsU8pP0tgGF6NIY4FfKFZVSsmb3MCXV7Hxnwy6YG-s8eYbG_fNeAAbUuw3_NzSKtxoEFGaqf-NPOxmFS_c_3_Z75v-b4bA0EIgDPL0kaQzDKR5SPCWOf956B1k1VvmbSM_T_iFlzpjl5gbZrBCA94DjfzcM4M6IeWFvhL) that “a Reuters report signaled that Tesla might be readying to open a factory in Indonesia, in return for nickel mining rights. In case you are wondering, Indonesia is the world’s biggest nickel producer, while the southeast Asian country also has a ban on exporting raw nickel.” Nickel is a key component when developing batteries for EVs.

How a 20th century military strategy might explain the Tesla CEO's maneuverings.

With a net worth of $180 billion, Elon Musk is now at the second spot on Forbes' annual "World's Billionaire's List". Check out the list here:

With a net worth of $93 billion, Carlos Slim Helu & family is at the eighth spot on the list of the world's richest. He is the majority owner, co-founder and CEO of Bloomberg LP. Bill Gates, an American business magnate and philanthropist, is at the number 6th spot with a net worth of $104 billion. Forbes reported that revenue, profits and shares at LVMH climbed to record highs. (Photograph:Reuters) Check out the list here:

French fashion mogul Bernard Arnault overtakes the Twitter owner in the exclusive Forbes' list.

[French luxury goods magnate ](https://www.standard.co.uk/news/world/bernard-arnault-forbes-richest-man-person-elon-musk-lvmh-tesla-b1047065.html) [Bernard Arnault](https://www.standard.co.uk/topic/bernard-arnault). Mexican business magnate Carlos Slim Helu came eighth with $93 billion (£75 billion). His net worth is estimated to be $114 billion (£91 billion) at the moment. [His decision to do this](https://www.standard.co.uk/business/elon-musk-sells-tesla-shares-ahead-of-twitter-deal-court-clash-b1017677.html) reportedly spooked investors, which led to a significant decrease in the company’s stock value, thus, further damaging Musk’s net worth. The 74-year-old is estimated to be worth $211 billion (£169 billion). Indian billionaire Mukesh Ambani is ninth with $83.4 billion (£67 billion), and the former CEO of Microsoft, Steve Ballmer was 10th with a net worth of $80.7 billion (£64.7 billion). The CEO of Bloomberg, Michael Bloomberg, was estimated to be the seventh-richest person in 2023, with a net worth of $95.5 billion (£77 billion). [esla](https://www.standard.co.uk/topic/tesla), [SpaceX](https://www.standard.co.uk/topic/spacex), and [Elon Musk](https://www.standard.co.uk/topic/elon-musk) has been deposed from the top spot of the world’s richest [billionaires](/topic/billionaires). In fifth is the legendary investor Warren Buffet, who has an estimated net worth of $106 billion (£85 billion). Fourth on the list is Larry Ellison, who owns the software behemoth Oracle and is worth $107 billion (£86 billion). [Forbes](/topic/forbes) said this was due to [Musk’s acquisition of the social media giant Twitter](https://www.standard.co.uk/news/world/elon-musk-twitter-takeover-timeline-dates-b1035842.html), which cost him $44 billion (£35 billion) and was [paid for with Tesla stock](https://www.standard.co.uk/business/elon-musk-tesla-shre-sale-4-billion-twitter-takeover-b997076.html). [Forbes](https://www.forbes.com/)’s The Real-Time Billionaires List estimates that Musk’s [net worth](/topic/net-worth) has dropped by $39 billion (£31 billion) compared with last year to $180 billion (£144 billion).

Forbes released their Billionaire 2023 list on Tuesday, which saw the Tesla CEO loose his top spot to Bernard Arnault, who oversees the LVMH empire of 75 ...

Elon Musk's Dogecoin yapping might be loud enough to hear in Washington. The token's value soared as much as 30% earlier this week after Musk-owned Twitter ...

[$258 billion lawsuit](/legal/elon-musk-seeks-end-258-billion-dogecoin-lawsuit-2023-04-01/) accusing him of running a Dogecoin-based pyramid scheme. [hustle](/technology/dogecoin-spotlight-cryptocurrency-backer-musk-makes-snl-appearance-2021-05-07/)” while hosting “Saturday Night Live” in May 2021, it swiftly lost a third of its value amid high trading volume. After he called the token a “

Tesla is building a legal team, and one of its goals will be to attack short-sellers who bet on its stock slump. The EV maker also intends to take on ...

The network has started labeling NPR as "state-affiliated media," a term it previously reserved for the likes of RT and Xinhua.

Converting the world to entirely clean energy needs a huge $10 trillion worth of investment, but continuing to rely on fossil fuels would cost even more, ...