Elon Musk Adds $100 Billion to Wealth, Topples Bill Gates as 2nd Richest

News Network
November 24, 2020

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Elon Musk's year of dizzying ascents hit a new apex Monday as the Tesla Inc. co-founder passed Bill Gates to become the world's second-richest person.

The 49-year-old entrepreneur's net worth soared $7.2 billion to $127.9 billion, driven by yet another surge in Tesla's share price. Musk has added $100.3 billion to his net worth this year, the most of anyone on the Bloomberg Billionaires Index, a ranking of the world's 500 richest people. In January he ranked 35th.

His advance up the wealth ranks has been driven largely by Tesla, whose market value is approaching $500 billion. About three-quarters of his net worth is comprised of Tesla shares, which are valued more than four times as much as his stake in Space Exploration Technologies Corp., or SpaceX.

Musk's milestone marks only the second time in the index's eight-year history that Microsoft Corp. co-founder Gates has ranked lower than number two. He held the top spot for years before being bumped by Amazon.com Inc. founder Jeff Bezos in 2017. Gates's net worth of $127.7 billion would be much higher had he not donated so prodigiously to charity over the years. He has given more than $27 billion to his namesake foundation since 2006.

With Monday's move, Musk unseats an occasional verbal sparring partner in Gates, who the Tesla billionaire has ridiculed on Twitter for, among other things, having “no clue” about electric trucks. The two have also traded barbs over Covid-19. Gates, whose charitable foundation is one of the preeminent bodies backing vaccine research, has expressed concern over Musk's stated suspicion of pandemic data and embrace of certain conspiracy theories.

The year has been a lucrative one for the world's richest people. Despite the pandemic and widespread layoffs that have disproportionately affected the world's working class and poor, the members of the Bloomberg index have collectively gained 23% -- or $1.3 trillion -- since the year began.

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News Network
November 4,2024

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Hundreds of Israeli settlers conducted a brutal attack in the occupied West Bank city of Ramallah.

The settlers set fire to numerous homes and vehicles of Palestinians and then moved to the main road connecting Ramallah to other cities, targeting Palestinian cars passing by.

They stormed the city of al-Bireh, near Ramallah, and burned Palestinian property and vehicles.

A woman sustained injuries after the settlers hurled stones at her vehicle, according to Palestinian news outlets.

Tension has been running high across the West Bank because of Israel’s genocidal war in the Gaza Strip, which has killed at least 43,341 people, mostly women and children, since last year’s October.

The Monday settler attack came as the Palestinian resistance movement Hamas warned of Israel’s plans to annex the West Bank and drive Palestinians out.

“We warn of the grave danger posed by the plans led by the extremist occupation regime and illegal settler groups to displace the residents of Palestinian villages in the occupied West Bank,” Hamas official Mahmoud Mardawi said.

Israel's far-right minister Bezalel Smotrich called for the full annexation of the West Bank and the Gaza Strip last week.

Smotrich asserted that Israel should unequivocally declare there would be no Palestinian state.

He repeated his proposal of expanding Israeli settlements within the West Bank and other occupied territories.

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coastaldigest.com news network
November 5,2024

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Several videos have been circulating across social media platforms, claiming that football superstar Cristiano Ronaldo is shown reading the Quran in a mosque. Several posts have gone further to claim that Ronaldo and his wife have converted to Islam. The videos have attracted millions of views and sparked widespread speculation. 

Is Ronaldo Reciting the Quran?

One such video shows a man reading from the Quran, with captions like "Cristiano Ronaldo Reciting Quran." Several posts, especially on TikTok and Facebook, claim that Ronaldo has not only read the Quran but has also embraced Islam along with his wife, Georgina Rodríguez. One of these TikTok posts amassed 1.7 million likes and over 58,000 shares, adding to the viral momentum of this claim.

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Ronaldo Lookalike from Iraq

Contrary to these claims, the man in the video is not Cristiano Ronaldo. The individual is Bewar Abdullah, a well-known Ronaldo lookalike originally from Iraq, who now resides in Birmingham, U.K. Abdullah has gained fame for his striking resemblance to Ronaldo and regularly posts content online imitating the footballer.

The Reality

The viral video was initially posted by Bewar Abdullah on his TikTok account (@bewarabdullah) on July 20, 2021, with the caption "Eat Mubarek🕌 (sic)." Abdullah has a large following of 1.7 million people.

Abdullah is frequently mistaken for Ronaldo due to his resemblance, and his name appears at the end of the viral video, confirming his identity.

Abdullah’s online popularity stems from his likeness to Ronaldo, and he regularly receives invitations to events and appearances due to this.

Apart from the video, there are also widespread claims that Ronaldo and his wife have converted to Islam. However, there is no credible evidence to support this. These rumors appear to have emerged from the same viral content surrounding Ronaldo’s lookalike, without any basis in fact.

Why the Confusion?

The confusion arises from Abdullah’s close resemblance to Ronaldo and the viral nature of social media posts that often mislead viewers. The presence of Ronaldo-related hashtags and captions like "#Ronaldo #CristianoRonaldo #CR7 #SaudiArabia" further fueled the speculation, making it seem more believable to the football star's global fanbase.

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News Network
November 4,2024

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Bengaluru: In a chilling case of moral policing gone violent, three men have been arrested for the brutal murder of a 21-year-old college student at a farmhouse near Bengaluru. The accused, identified as Chandru, Nagesh, and Murali from Honnapura, allegedly killed the student, Punith, following an altercation.

Punith, a BCom student at a private college, had gone to the Chikkenahalli Farmhouse on October 26 with seven classmates, including two women, for a casual outing. According to police reports, the group was enjoying their time when the accused, all locals, became aware of the gathering.

At around 10:30 pm, the three men stormed the farmhouse and began recording videos of Punith’s female classmates, who were in the swimming pool. They verbally abused the students, questioning their presence and demanding to know who had permitted them to use the farmhouse.

When Punith protested against their actions, the situation escalated violently. He was viciously attacked with a wooden log, sustaining severe head injuries. Punith was rushed to a nearby hospital but succumbed to his injuries three days later. Another student, Likith, was also assaulted but suffered only minor injuries.

The Ramanagara Rural police have registered a case of murder against the suspects, who are now in custody. Further investigations are ongoing.

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