Elon Musk has achieved an unprecedented milestone, becoming the richest person in history with a net worth of $334.3 billion, according to Forbes. This wealth comes after a $70 billion increase in 20 days, largely driven by Tesla's remarkable stock performance. Tesla's stock surged 40% after Donald Trump's election win, played a crucial role in Musk's wealth expansion. Investor confidence soared due to expectations of a more favourable regulatory environment for Tesla, particularly regarding its self-driving technology. Musk, an outspoken supporter of Trump during the election campaign, even participated in some rallies, firming his position as a prominent figure in the business and political landscape. At market close on November 22, Tesla shares reached $352.56, marking a 3.8% increase and pushing Musk's net worth to a record $321.7 billion, surpassing his previous high of $320.3 billion from 2021. Musk's wealth now eclipses that of his closest competitor, Oracle chairman Larry Ellison, whose net worth stands at $235 billion. Much of his fortune comes from his 13% stake in Tesla, worth $145 billion, and a pending 9% equity award. In addition to Tesla, other big ventures include xAI, which is valued at $50 billion, and SpaceX, worth $210 billion, among others. In addition to the financial success, Musk's influence expands well beyond this; recently, he was named chair of the "Department of Government Efficiency" (DOGE) while partnering with entrepreneur Vivek Ramaswamy to improve how the government operates. This meteoric fortune ascent for Musk captures the full extent of his dominance in various industries-from electric vehicles to artificial intelligence and space exploration. It is Tesla's growth and success in other business ventures that highlights the business acumen of identifying market dynamics and technological innovation. With a $70 billion increase in net worth since Election Day, Musk's financial ascent and upward trajectory only reflect his status as a transformative force in today's business world, creating a benchmark in terms of wealth creation.

( ) shares are crashing down to earth again on Friday. In morning trade, the logistics solutions company's shares are down almost 20% to $112.12. Why are WiseTech Global shares crashing? Investors have been hitting the sell button today after the company released a ahead of its highly anticipated annual general meeting. According to the release, since his appointment on 24 October, interim CEO Andrew Cartledge and the board, in consultation with ex-CEO Richard White, have reviewed the progress of its breakthrough products, CargoWise Next, Container Transport Optimization, and ComplianceWise. It notes that ComplianceWise was released in the first quarter as expected, and the release of CargoWise Next is broadly on track. However, as a result of distractions flowing from the recent media attention over ex-CEO Richard White's behaviour and the organisational changes that have subsequently been implemented, the commercial launch of Container Transport Optimization has been delayed. WiseTech Global revealed that Container Transport Optimization is now expected to launch in the second half of FY 2025, resulting in a delay to anticipated revenue. In light of this, WiseTech considers it appropriate to update its FY 2025 guidance. Previous guidance As a reminder, WiseTech Global was guiding to FY 2025 revenue of $1,300 million to $1,350 million. This represents year on year revenue growth of 25% to 30%. It was also expecting its EBITDA to come in at $660 million to $700 million, representing annual growth of 33% to 41%. The company's full year EBITDA margin was expected to be 51% to 52%. Downgraded guidance Today's update reveals that the company now anticipates FY 2025 revenue of $1,200 million to $1,300 million, which represents revenue growth of 15% to 25% versus FY 2024. WiseTech Global's EBITDA is now expected to be $600 million to $660 million. This represents EBITDA growth of 21% to 33% and a full year EBITDA margin in the range of 50% to 51%. At the midpoint of these guidance ranges, this is a downgrade of 5.7% and 7.4%, respectively. This arguably makes the sizeable decline in WiseTech Global shares today a bit of an overreaction. Particularly with management remaining very positive on the outlook of its new offering. It said: Importantly, the Company's expectations of the long-term value these products will create for WiseTech customers remain unchanged. An update on all the breakthrough products will be provided at WiseTech's Investor Day on 3 December 2024. In addition, WiseTech is seeking to mitigate the revenue delay through other significant initiatives which are also expected to have long-term benefits for WiseTech and its customers.How this stigma-breaking housing model offers dignity for all with owners and renters living side by side

Chuck Woolery, smooth-talking game show host of 'Love Connection' and 'Scrabble,' dies at 83