Tesla Inc. TSLA CEO Elon Musk, the world’s richest particular person with a web price of $412 billion, is on the heart of criticism amid a possible battle of curiosity as he takes on the function of head of the Division of Authorities Effectivity (DOGE).
What Occurred: DOGE was launched by Donald Trump, with Musk main the division alongside different huge names from the tech trade comparable to Marc Andreessen, the co-founder of Netscape, and Travis Kalanick, the co-founder of Uber Applied sciences Inc. UBER amongst others.
With DOGE, Musk goals to scale back $2 trillion in federal spending by 2026, which is geared toward decreasing the federal deficit.
To date, DOGE has introduced a number of measures, together with shutting down the United States Company for Worldwide Growth (USAID), which has drawn sharp criticism from the Democrats, who’ve termed the transfer as “unlawful”.
Musk’s aides appointed to supervise the U.S. Workplace of Personnel Administration (OPM) have reportedly restricted entry of profession civil servants to pc methods containing the private information of thousands and thousands of federal workers.
Whereas critics have mentioned Musk stands to achieve from DOGE, information has thrown up a shocking twist.
Right here Are The World’s High 5 Billionaires
| Title | Whole web price |
| Elon Musk | $412 billion |
| Jeff Bezos | $257 billion |
| Mark Zuckerberg | $251 billion |
| Larry Ellison | $197 billion |
| Bernard Arnault | $193 billion |
Musk leads the checklist of world’s billionaires, with a web price of $412 billion on Feb. 6 as per the Bloomberg Billionaire Index.
This is What The Information Exhibits: Listed here are the highest gainers among the many world’s richest within the first three weeks of the Trump administration.
| Title | Web Price on Jan. 18 | Web Price on Feb. 6 | Change |
| Mark Zuckerberg | $217 billion | $251 billion | $34 billion |
| Jeff Bezos | $245 billion | $257 billion | $12 billion |
| Thomas Peterffy | $57.1 billion | $68.1 billion | $11 billion |
| Jim Walton | $114 billion | $125 billion | $11 billion |
| Alice Walton | $111 billion | $122 billion | $11 billion |
Then again, Musk’s web price has decreased from $449 billion on Jan. 18 to $412 billion on Feb. 6, a decline of $37 billion, marking the very best decline in web price among the many world’s richest.
Learn Subsequent:
Photograph courtesy: Shutterstock
Market Information and Information dropped at you by Benzinga APIs
© 2025 Benzinga.com. Benzinga doesn’t present funding recommendation. All rights reserved.
