Category Archives: Elon Musk

Founder and CEO of Tesla Motors Elon Musk speaks during a media tour of the Tesla Gigafactory, which will produce batteries for the electric carmaker, in Sparks, Nevada.

James Glover II | Reuters

If Tesla CEO Elon Musk is serious about welcoming organizing efforts of the company's U.S. workforce, the automaker should rehire a fired employee and stop attempting to overturn a ruling that it violated federal labor laws, said an automotive union leader.

United Auto Workers President Ray Curry said that such actions would be a "good faith effort" and "demonstrate a commitment to the workers of the facility" in Fremont, California.

In 2018, Musk tweeted a comment that was found to have violated federal labor laws after Tesla had already fired a union activist, RichardOrtiz. The National Labor Relations Board ultimately ordered Tesla to rehire the employee and to have Musk delete the tweet, which they saw as threatening workers' compensation.

Tesla is appealing the administrative court's decision, however.

Curry spoke on Tuesday during an Automotive Press Association webinar. His remarks followed more provocative tweets by Musk earlier in the day. The CEO, who has a following of 79.5 million on Twitter, wrote: "The UAW stole millions from workers, whereas Tesla has made many workers millionaires (via stock grants). Subtle, but important difference."

The Detroit-based union is under federal oversight through a court-approved monitor as part of a settlement between the UAW and the government following a multiyearcorruption probethat sent 15 people to prison, including two recent UAW presidents and three Fiat Chrysler executives.

The investigation uncovered years of bribery and kickback schemes involvingmillions of dollars andseveral top union leaders.

Earlier this month, Musk said on Twitter that he was "inviting" the UAW to try and organize employees at his company's plant in Fremont. "Tesla will do nothing to stop them," he wrote.

Curry said the union "definitely would welcome that opportunity, but clearly know that there's some current appeals that are out there."

United Auto Workers President Ray Curry speaks at the General Motors Factory ZERO electric vehicle assembly plant on November 17, 2021 in Detroit, Michigan.

Nic Antaya | Getty Images

"A key piece out of all of this is not the whim of a tweet or anything else, an exchange between the UAW and Tesla, it's about the workers in those locations having a voice inside of their workplace. That's the most important part of this whole process," Curry said.

Musk's open invitation to the UAW on March 3 followed Musk earlier in the day tweeting a YouTube video that he says "helps explain why former UAW members who work at Tesla are not huge fans of UAW." The clip was published in 2010 by the World Socialist Web Site channel on YouTube.

In the video, workers at the NUMMI plant, which would later become the Fremont Tesla plant, are seen complaining that a union member was prevented from recording a UAW meeting in the local union hall.

Tesla didn't respond to a request for comment.

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Tesla should accept that it violated labor laws if Elon Musk is serious about inviting the UAW to organize workers, union chief Ray Curry says - CNBC

Elon Musk likes to make predictions about the future of the human race, amongst other things, and on this occasion he decided to express some concern about a series of factors that threaten it. The CEO of Tesla and Space X has come out with three key reasons why humanity is in danger.

The tech tycoon outlined the biggest threats to human survival in comments published at the weekend. The first of these is the birth rate, which, in his opinion, is the main concern and something he has spoken about in the past. Artificial intelligence and religious extremism complete his top three.

"I spent a lot of time talking about the birthrate thing. That might be the single biggest threat to the future of human civilisation." Musk said in an interview with Mathias Dpfner.

"Most people in the world are operating under the false impression that we've got too many people. This is not true. The birth rate has been dropping like crazy. Unfortunately, we have these ridiculous population estimates from the UN that need to be updated because they just don't make any sense."

He also went on to talk about "artificial intelligence going wrong" and the so-called rise of "religious extremism."

Elon Musk is the richest man in the world, thanks to Tesla's stock market growth. He managed to surpass Jeff Bezos, the CEO of Amazon, last year as the richest man in the world, and as a result he has a net worth of 234 billion euros, according to Bloomberg.

For years, the arrival of man on the red planet has been one of the great obsessions for NASA, which has spent decades researching the possibility of achieving such a milestone... First, the founder and CEO of SpaceX is working to enable his Starship to land on Mars. Musk has set a target date of 2024 or 2026 for man's arrival on the moon and 2029 for Mars.

"I would be happy if humanity has a self-sustaining city on Mars because then, probable lifespan of humanity is much greater," Musk said.

"I think we really just got this little candle of consciousness, like a small light in the void. And we do not want this small candle in the darkness to be put out."

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Elon Musk gives three reasons why humanity is under threat - Marca English

Elon Musk is revered asone of history's greatest innovators. But what makes him so brilliant is that his genius is rooted not in an abstract complexity,but straightforward simplicity.

It's this ability that enables him to seemingly turn any wild idea he pursues into a wildly successful business. But that's because he doesn't pursue every idea or innovation that comes to mind. Rather, he fields them using his simple "innovation equation"to determine if they are indeed worth pursuing. It's a crucial step many entrepreneurs overlook, leading them into a blind pursuit of something that might be great, but not great for them.

In an interview with Lex Fridman, an A.I. researcher at MIT, Musk callsDan Carlin's Hardcore Historythe "greatest podcast ever."He goes on to discuss the pursuit of innovation, and in doing so he reveals the core of his decision-making process and his innovation equation.

According to Musk, "What matters is the pace of innovation, access to resources, and raw materials." In other words, entrepreneurs can quickly and easily gauge whether they have what it takes to turn their wild idea into reality using this simple equation.

It breaks down into three basic questions:

How long will it take you to build?

Do you have access to the right resources?

Can you obtain the required raw materials?

For any entrepreneur, this is a critical step in the pursuit of a startup. Not only can it save you a great deal of time, money, and energy, but it also answers one of the notorious questions that investors ask founders: Why should you be the one to start this business and does your team have what it takes to do so successfully? It's part of the "Founder's Dilemma"-- something for which Musk has discovered a solution.

1. Pace of innovation

Time matters, though it's not necessarily that you need to be able to build it the fastest. But you do need to be able to innovate in a timely manner. Especially when those looking to innovate are typically those looking to innovate quickly and stay ahead of the competition. In many instances, it can be something of a race, and with immense competition across just about every field, being at the head of the pack can help you be successful.

So the question is, how long will it take you to build? And is this within the timeframe you believe it needs to be within, in order to achieve your goals?

2. Access to resources

With the right pace, you also need access to the right resources. This is because resources indicate your ability to innovate. Without them, an idea is simply just an idea, and pursuing something without the necessary resources will cause you to spend more time pursuing resources than innovating.

Ask yourself if you have the resources at hand (or within reach), from the right network to the right people, to be able to innovate the way you plan to.

3. Raw materials

Lastly, you need to have the physical resources, or raw materials, available to be able to innovate. Raw materials are often something that holds startups back in terms of speed. But trouble sourcing raw materials can also be to the detriment of a startup that depends on them.

For example, at Teslathis means not only having the people who can innovate but the scarce and difficult-to-source materials (e.g., graphite) that are required to do so. It won't matter if you have a genius idea and a brilliant team to back it, if you don't have access to the materials required to make your innovation a reality.

Next time you're thinking about the viability of an idea, consider Musk's innovation equation: time plus people plus materials equals the ability to innovate. By applying this simple three-variable equation, you will effectively launch like Elon Musk. You will be able to more quickly and easily field ideas and invest in the ones that you are best suited for. In return, you will more efficiently find the most viable ideas, and those that are best positioned for success. In other words, you will choose the right startup idea.

The opinions expressed here by Inc.com columnists are their own, not those of Inc.com.

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Elon Musk Reveals His Innovation Equation. It's an Easy Way to Gauge If a Business Idea Is Viable - Inc.

Call him Elona.

If you stumble across a tweet from Tesla and SpaceX CEO Elon Musk, you might notice the billionaire's Twitter name has changed. The prolific tweeter now lists himself as "Elona" Musk, and there's a reason. It will probably surprise no one it's a very tangled story.

On Monday, Musk challenged Russian President Vladimir Putin to "single combat" over the war in Ukraine.

"I hereby challenge (Vladimir Putin) to single combat," Musk wrote in his tweet. "Stakes are (Ukraine)."

I hereby challenge to single combat

Stakes are

Putin didn't respond publicly. But on Tuesday, Musk shared a post on the messaging app Telegram from Ramzan Kadyrov, the pro-Putin head of the Chechen Republic. In the post, Kadyrov taunts Musk by telling him to "pump up those muscles in order to change from the gentle (effeminate) Elona into the brutal Elon you need to be."

He goes on to tell Musk to train his muscles at various Russian or Chechen locations.

After that post, Musk changed his display name on Twitter from "Elon Musk" to "Elona Musk." Twitter users can change their display name easily -- it's the name that shows up in bold above a person's Twitter user name. Musk left his user name as @elonmusk -- probably a smart decision, because if he changed that, someone else could take the "elonmusk" user name and use it for any number of reasons.

Musk also responded to Kadyrov with a tweet signed "Elona."

"Thank you for the offer, but such excellent training would give me too much of an advantage," Musk tweeted. "If (Putin) is afraid to fight, I will agree to use only my left hand and I am not even left-handed. Elona"

Thank you for the offer, but such excellent training would give me too much of an advantage.

If he is afraid to fight, I will agree to use only my left hand and I am not even left-handed.

Elona

Musk's actual first name means "oak tree" in Hebrew, according to baby-name site Nameberry. It's also the name of a leader of human colonists on Mars in a 1953 book by German-turned-American scientist Wernher von Braun, who once led the Nazi's rocket program. Yes, the coincidence of Elon leading people on Mars, and modern Elon Musk working on Mars-related missions, has been noticed.

Two of Musk's children also have names that have made the news. In 2020, Musk and musician Grimes had a baby boy that they named "X A-12." (Here's how to pronounce it.) And in December 2021, Grimes and Musk had a daughter, naming her Exa Dark Siderl Musk.

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Elon Musk Is Now Going by 'Elona Musk' on Twitter. Here's Why - CNET

Tesla and SpaceX Chief Executive Officer Elon Musk speaks at the SATELLITE Conference and Exhibition in Washington, D.C., on March 9, 2020. Susan Walsh/AP hide caption

Tesla and SpaceX Chief Executive Officer Elon Musk speaks at the SATELLITE Conference and Exhibition in Washington, D.C., on March 9, 2020.

A crewed mission to Mars could happen in 2029, SpaceX CEO Elon Musk hints.

A tweet on Monday comparing the moon landing to a future Mars landing attached a photo of the moon landing dated 1969, on top of an image of an envisioned Mars landing, labeled "20 --." The tweet, from Space_Hub, an account that posts about space and astronomy, read "What's your guess" and tagged Musk.

Two days after the tweet, Musk replied "2029."

Musk has long seen a visit to Mars as a goal. In 2016, he said he wanted to build a rocket capable of taking people to Mars and supporting a permanent city on the planet.

"It's something we can do in our lifetimes," he told an audience of 100,000 watchers at the International Astronautical Congress in Guadalajara, Mexico. "You could go."

But Musk's older predictions don't necessarily match up with his latest. In 2016, he told the Y Combinator, a startup accelerator, that getting a "meaningful number of people" on Mars was possible "in about 10 years, maybe sooner, maybe nine years."

Meanwhile, a joint Europe-Russia mission to Mars, called ExoMars, was suspended on Thursday due to the ongoing war in Ukraine. This rover mission, which is part of a two-part series, was set to launch in 2022.

The two-part mission was designed to investigate whether there is or ever was life on Mars.

"While recognising the impact on scientific exploration of space, ESA is fully aligned with the sanctions imposed on Russia by its Member States," the intergovernmental organization said in a release.

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Elon Musk hints at a crewed mission to Mars in 2029 - NPR

By Malathi Nayak | Bloomberg

Elon Musk wont have to testify in the first case set for trial that blames Tesla Inc.s Autopilot for a fatal crash, a Florida judge said.

The ruling shielding the companys chief executive officer from being questioned by lawyers for the deceased drivers family is a significant win for the electric-car maker.

Without a deposition of the billionaire entrepreneur, it will be harder for the family to argue that Tesla made irresponsible decisions under his leadership about marketing its driver-assistance software at the expense of safety.

The companys nearly trillion-dollar valuation is partly built on Musks championing of autonomous driving as the way of the future.

Tesla has shown that Musk does not have unique personal knowledge of the issues in the case, Florida Circuit Court Judge Janis Keyser wrote in a brief ruling.

The lawsuit stems from the 2019 death of Jeremy Banner, 50, who died when his Tesla Model 3 crashed into the underside of a semi-trailer truck crossing a Florida highway. The case is scheduled to go to trial Sept. 20 in Palm Beach County.

The Banner family claims Tesla didnt fix Autopilot so it would shut down in dangerous circumstances despite a similar accident at a traffic crossing in 2016 that killed another Florida man who had engaged the technology.

Trey Lytal, an attorney representing the Banner family, didnt immediately respond to a request for comment.

Teslas lawyers have argued the company has been open and honest about Autopilots limitations, including the difficulty of detecting traffic crossing in front of its cars. The company warns drivers on its car screens and owners manual that drivers must be alert and ready to take control of vehicles at any time, according to its lawyers.

Lytal argued at a March 10 hearing that Musks deposition is central to the dispute because only he can answer the question of why Tesla would allow this dangerous technology to be used on a roadway where the car knows its going to fail.

Keyser previously rejected Lytals request to question Musk early in the pretrial evidence-gathering phase of the case.

Since then, Banners attorneys have had a chance to take depositions from almost half a dozen, high-level Tesla engineers, including Christopher CJ Moore, the former director for Autopilot who has since gone to work for Apple Inc. on its self-driving project.

But Lytal told Keyser at the hearing that none of the Tesla engineers could answer why the company ignored warnings from government safety regulators and others to stop marketing Autopilot as a technology with full self-driving capability when it wasnt.

Musk has unique personal knowledge about this, Lytal said. Thats why we need to depose him. Nobody else can answer this question. Even though Musk said in a declaration that he lacks such knowledge, Tesla hasnt explained why, he said.

Teslas attorney, Vincent Galvin, countered that the demands to question Musk are just harassment. The engineers have answered relevant questions, so the fact that the plaintiff doesnt like the answers is not a basis for Mr. Lytal taking Mr. Musks deposition, Galvin said.

Keyser said her ruling was based on the extensive depositions by Tesla engineers and a written declaration submitted by Musk.

The case is Banner v. Tesla Inc., 50-2019-CA-0099662, Circuit Court of 15th Judicial Circuit, Palm Beach County, Florida.

More stories like this are available on bloomberg.com

2022 Bloomberg L.P.

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Elon Musk spared From testifying in Tesla autopilot crash suit - The Mercury News

Photo: Theo Wargo (Getty Images)

Last December, Grimes released a new song from her upcoming album Book 1. The track, called Player of Games, was speculated to be inspired by her relationship with Elon Musk. One of the lyrics, Im in love with the greatest gamer, got me thinking: what kind of video games does Musk play when hes not reinventing public transit or allegedly abusing his employees?

A recent Vanity Fair interview with Grimes revealed that Musks latest obsession is The Battle of Polytopia, which he describes as a much more complex version of chess. Apparently, hes even beaten the creator at his own game at least once, which hes very proud of. While hes obviously boasting about his big brain for his fawning fans, I wouldnt be a video game journalist if I didnt check out the game for myself. So, I downloaded Polytopia and played a single game.

The Battle of Polytopia is a civilization simulator in which you control one of twelve different tribes. You try to expand the territory of your empire by collecting resources, exploring uncharted territory, and destroying rival civilizations. In short, its the exact sort of game that might appeal to a white billionaire who benefitted from apartheid in South Africa. He loves it so much that at one point, Polytopia was added as a playable game to Tesla carsyou know, before the government started asking questions about a feature that might take your attention away from driving.

Read More: Genshin Impact Cancels Elon Musk Event Following Fan Pushback

I played one game, which lasted twenty-five rounds. Every round, I could move my military units one space across the map, and I would be rewarded with stars each turn. These resources could be invested into extractive technologies for things like forestry or fishing, or they could be put into new kinds of soldiers. The goal was to wipe out as many enemy factions as possible before the turn limit.

Polytopia is not as complex as Musk described. If anything, winning against the computer-controlled enemies was easier than any chess game Ive ever played. There were more opponents than in a chess game, but its difficulty was inherently constrained by the number of possible actions per turn. Polytopia is an approachable game for newcomers to the civilization builder genre, but its definitely not what I expected from the so-called Player of Games.

Excerpt from:

I Played The Game Elon Musk Is Obsessed With So You Don't Have To - Kotaku

Will we soon see Elon Musk in the White House?

Though the whimsical CEO of Tesla (TSLA) - Get Tesla Inc Reportand SpaceX and the Biden administration have had a cold relationship, onemarked by snubs and mockery via social media since the Democratic president took office, there are now signs a thaw is in the offing.

The bone of contention revolves around Tesla, the maker of high-end electric vehicles, which dominates a lucrative markethead and shoulders above its competitors, and which has growth prospects looking rosier by the day.

Despite that, the billionaire and the richest man in the world apparently cannot tolerate being snubbed by the Biden administration on various occasions.

Biden ran on and has since pushed a green agenda, advocating an acceleration of the electrification of the automotive sector.

But he waited until this Feb. 8, more than a year after his inauguration, to officially pronounce the name Tesla.

As the largest manufacturer of electric vehicles in the country, Tesla believes that logically the firm should be seen and presented as an example by the new administration.

But it was quite the opposite. Not only did Biden seek advice and guidance from GM CEOs Mary Barra and Ford CEO Jim Farley, he showcased the two legacy automakers as key players in the electric transition at public events.

Getty Images/TheStreet

Tesla produced and delivered over 300,000 vehicles globally in the fourth quarter, the company said. But GM reported U.S. sales of 26 electric vehicles during the fourth quarter.

Musk, who is quick to attack his critics, has previously speculated that this cold shoulder from the Biden administration is due to the fact that Tesla is not unionized.

The standoff between Musk and the Biden administration escalated on Jan. 26, when Biden posted on Twitter a video of him standing next to GM CEO Mary Barra.

"I meant it when I said the future was going to be made right here in America," the president wrote."Companies like GM and Ford are building more electric vehicles here at home than ever before."

Musk responded on Twitter: "Starts with a T Ends with an A ESL in the middle."

Musk told CNBC on February that it feud had escalated internally in the administration as well.

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It got to the point, hilariously, where no one in the administration was even allowed to say the word Tesla!"he said."The public outrage and media pressure about that statement forced him to admit that Tesla does in fact lead the EV industry. I wouldnt exactly call that praise.'

In the same CNBC interview, Musk hinted that he would visit the White House if invited and would not do or say anything embarrassing during such a visit.

For its part, the administration has begun to make some gestures towards Tesla and its charismatic CEO.

Biden finally did extend an olive branch to Musk in early February, publicly mentioning Tesla.

Since 2021, companies have announced investments totaling more than $200 billion in domestic manufacturing here in America," Biden said in a speech about U.S. auto manufacturing.

"From iconic companies like GM and Ford building out new electric vehicle production to Tesla our nations largest electric vehicle manufacturer ... "Were seeing the beginning of an American manufacturing comeback," Biden said on Feb. 8.

Early March saw a clear sign that relations between Musk and the White House were warming up.

Musk, who is anti-union, has challenged unions, inviting the United Autoworkers (UAW) to organize his company in an attempt to goad the labor union.

Musk said that he's able to maintain the Tesla workforce because the company compensates and treats its employees well. Because of this, Musk claimed, he's not worried about union organizing at his company.

"Id like hereby to invite UAW to hold a union vote at their convenience. Tesla will do nothing to stop them," Musk wrote on March 3 on Twitter.

The reconciliation seems to be on the right track. Labor Secretary Marty Walsh has just visited Tesla's Gigafactory in Austin, one of his spokespersons told TheStreet.

The visit took place on March 13. And it was Elon Musk himself who showed Walsh around, the spokesperson said. The two men then discussed together for 75 minutes on various topics, ranging from job creation in Austin, innovation, inflation.

Elon Musk, who posed in photos with Walsh, said he wanted to continue the conversation.

The spokesperson, however, refused to say whether Labor Secretary was carrying an invitation from Biden to Musk.

Axios was the first media to report on this surprise visit.

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Tesla's Elon Musk May Be Heading to The White House Soon - TheStreet

Elon Musk and Las Vegas fit in the way that oddities like Carrot Top and Tape Face have made the city their home.

Things that seem odd elsewhere fit easily in Las Vegas. Musk, despite being one of the richest men in the world (sometimes the richest), stands out in most places -- but not in a city full of showgirls, Naked Cowboys, and whatever Wayne Newton is.

A legitimate genius, the Tesla (TSLA) - Get Tesla Inc Report chief executive has never been a one-trick pony. He has an entire company, SpaceX, that would certify him as a visionary were that the only brand he had created. Musk has been so innovative in the electric-vehicle sector that it has changed the entire industry.

Electric cars will replace internal combustion engines much sooner than they would have had Musk not disrupted the industry. That has happened despite, or perhaps because of, Musk being -- let's call him a nontraditional CEO.

If Ford's (F) - Get Ford Motor Company Report CEO, Jim Farley, challenged Vladimir Putin to a duel, it would not be as readily accepted as when Musk did it, and the entire world started handicapping what that fight might look like.

Musk may not live in Las Vegas, but he feels like a classic Las Vegas character: bigger than life, a little odd, but so compelling you can't look away.

Now, the Tesla and SpaceX boss wants to make his mark on Sin City not with rockets, EVs, or solar panels, but with the core product of his third company.

Image source: Michael A. McCoy/Getty

Musk's Boring Co. digs tunnels under the Earth faster than traditional methods enable. The company has made defeating traffic its core mission, which it explains on its website.

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"To solve the problem of soul-destroying traffic, roads must go 3D, which means either flying cars or tunnels are needed. Unlike flying cars, tunnels are weatherproof, out of sight, and won't fall on your head. Tunnels minimize usage of valuable surface land and do not conflict with existing transportation systems. A large network of tunnels can alleviate congestion in any city; no matter how large a city grows, more levels of tunnels can be added.

If you have spent any time on the Las Vegas Strip, you fully understand the statement above. It's a road that's often gridlocked and construction has even made walking difficult. There's no straight path for people walking -- you have to climb stairs or take escalators at various intersections -- and it's generally not pleasant on foot or by car.

Musk has a plan to solve that and beat what on Twitter he has called "the ultimate boss battle."

Boring Co. already has a tunnel in Las Vegas, under the convention center. Call it a proof of concept, but the 1.7-mile route does not really solve a traffic problem because it replaces a walking route. It basically has people wait in line to be driven in a Tesla, which is cool, but the problem could have been solved with a moving sidewalk for a whole lot less money.

Now, however, Boring Co. has another tunnel in Las Vegas and it's far less ridiculous. This new tunnel runs from the new Resorts World Las Vegas, a casino/hotel on the Las Vegas Strip, to the convention center. That's a solution that actually solves a problem and makes life easier for people looking to get from The Strip property to the convention center.

Resorts World General Manager Scott Sibella told the Nevada Gaming Commission on March 17 that the project would open soon, according to the Las Vegas Review-Journal. And while this piece of the project is modest, Musk and Boring Co.'s plan is far-reaching.

"Sibella described the Boring tunnel project as the first connection between a resort and the Convention Center in what is expected to be a part of a 29-mile, 51-station underground transit system within the resort corridor," he said.

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Tesla's Musk Makes a Big Move on the Las Vegas Strip - TheStreet

Indias super-rich are getting richer at a faster clip than their American peers likeTesla Inc(NASDAQ:TSLA) CEOElon MuskandAmazon.com, Inc(NASDAQ:AMZN) ChairJeff Bezos.

What Happened:Coal and green energy tycoonGautam Adani,Asias second-richest person, piled on $49 billion to his wealth in 2021 which is more than both what Musk and Bezos added in the same period, according to2022 M3M Hurun Global Rich List,reportedBusiness Standard, an Indian publication.

Indias richest manMukesh Ambani,whose Reliance conglomerate has interests spanning oil to retail, saw his wealth grow at 24% year-over-year. Adanis wealth soared 153% in comparison.

American billionaires were left trailing in terms of the pace of wealth gained. Musks wealth grew 4% to $202 billion, while Bezos' fell by 1% to $188 billion,reportedObserver, citing Hurun data.

See Also:How To Buy Tesla (TSLA) Shares

Why It Matters:Within a decade, Adanis wealth has risen 1,830%, while Ambanis has spiked 400%, according to the list.

The wealth gained by Indian billionaires in the last decade is nearly $700 billion on a cumulative basis, equivalent to Switzerlands GDP, Business Standard. quoted Hurun Managing DirectorAnas Rahman Junaidas saying.

India added 51 new billionaires in 2021 well behind China's 235 and the United States' 63,reportedQuartz India.

However, more than 46 million Indians fell into extreme poverty in 2020 alone, which is half of the worlds new poor, Quartz India reported, citing United Nations data.

The stark wealth inequality in India is a result of an economic system rigged in [favor] of the super-rich over the poor and [marginalized], according to Oxfam Indias Inequality Kills: India Supplement 2022 report.

Read Next:Think Elon Musk Is Getting Rich On The Green Energy Trend? Meet Indian Billionaire Gautam Adani

Photo from Wikimedia commons

2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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This Indian Billionaire Piled On More Wealth Than Elon Musk, Jeff Bezos Combined In 2021 - Benzinga - Benzinga