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Musk back on top as world’s wealthiest gain $1.5T
2023 was a good year for the richest on the planet, especially the tech focused.
Elon Musk lost $16B following weak Tesla earnings
But he's still got $209B and is winning overall in 2023.
Bitcoin plunge as Musk SpaceX sale is reported
Cryptocurrency falls up to 8% in trading.
Will Elon Musk’s X take over financial services? Don’t hold your breath
Advisors raise a collective, skeptical eyebrow as billionaire goes where many other Silicon Valley companies have already tried and failed.
Elon Musk loses $20B but remains world’s wealthiest
Tesla stock declined Thursday putting Musk just $33B ahead of luxury goods tycoon Bernard Arnault in the rich list.
Twitter hysteria over Musk ownership has advisers reassessing value of the platform
As the $44 billion acquisition sparks extreme reactions for and against the new owner, fintwit considers whether tweeting is still worth all the fuss.
Wealthy shift billions to donor-advised funds to gain tax breaks
Private foundations are using the funds to sidestep federal laws designed to make sure the wealthy donate money to the needy in a timely fashion, not delay the gifts for generations.
Supreme Court rejects challenge to SEC ‘gag order’ Musk opposed
The case stems from a challenge by a former Xerox CFO, Barry Romeril, who sued for the ability to deny SEC fraud allegations after he signed a settlement with the agency in 2003.
Elon Musk, Cathie Wood say passive funds have gone too far
Conversation on Twitter criticized passive investing and weighed in on a long-running Wall Street debate about the growing power of index funds.
Beware the sleight of hand in ProPublica’s pitch to tax the wealthy
A sensational report arguing that the wealthy don't pay their fair share of income taxes starts to crumble when percentages are replaced with real money.
How to buy the Bitcoin dip without buying Bitcoin
Research finds that companies that do business in the cryptocurrency space can be reliable proxies for digital currency exposure. For those who might have been waiting for an entry point, the case could be made that now is a good time to buy.
Tesla’s Musk gets it wrong
It’s widely accepted, because it’s true, that retirement planning lags significantly for most American workers. Musk and Tesla chose the wrong history to buck.
Blockchange intros digital asset SMA for RIAs
The new SMA tool enables RIAs to outsource the management of their client’s digital portfolios by using a framework to account for protocol maturation, ecosystem adoption rate, and project governance.
