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Elon Musk Offloads Bel Air Mansion To Fellow Tech Billionaire

Elon Musk seems to be making do on his promise to sell all his physical possessions, having just sold one of his Bel Air houses, the main one actually, to a fellow tech billionaire, William Ding, for $29 million. Musk seems to have reaped a sweet investment return, having purchased the property for 'only' $17 million in 2012. The property was purchased from hedge fund tycoon Mitch Julis. Musk previously rented the noticeably big house before he purchased it. The property had been listed for $30 million by Musk, on the heels of his promise to sell his physical possessions. Altogether, Musk listed seven houses for an aggregate price of $98 million. One down, six to go!

In a statement to the Wall Street Journal last month, Musk said he was selling his homes to “make my life as simple as possible right now.”

Bill Gates Bombarded With Guff Vaccine Conspiracy Theories

In the middle of a coronavirus pandemic, where famed entrepreneur and philanthropist Bill Gates has committed to fund seven factories for the development of potential coronavirus vaccines and has also committed additional funding to support potential therapeutics and treatments as well as healthcare facilities, Bill Gates as a person has been subject to guff 'conspiracy' theories asserting hidden and perverse intent as regards to his commitments to help battle the coronavirus pandemic as well as his previous works on vaccine-related causes. It isn't new to hear of bizarre conspiracy theories surrounding Gates' work with vaccines and disease eradication. He wants to de-populate the earth, some say. He's helping create a surveillance state, some espouse. He wants to implant microchips in people?!!. Such bizarre assertions could, however, be disproved with simple fact-checks. Many of such theories have originated from misconceptions, mis-attributions, and in some cas…

Saudi Wealth Fund Invests $1.5 Billion In Reliance Jio

The Saudi Public Investment Fund, one of the largest sovereign wealth funds globally, has joined a slew of investors to have made big bets on Reliance Jio, the telecoms outfit led by Indian business titan Mukesh Ambani. Reliance Jio has announced a $1.5 billion investment from the Public Investment Fund, an investment that gives the fund a 2.32% stake in the telecom firm. The new investment sums up the amount Reliance Jio has raised in recent times to roughly $15 billion.

The slew of investments that added up to that amount was spearheaded by social media giant Facebook, which invested the largest individual amount, $5.7 billion, in Reliance Jio. Other backers include US-based private equity firms like Vista Equity, Silver Lake, General Atlantic, KKR, and TPG, and also the likes of Mubadala, a sovereign wealth fund of Abu Dhabi, and the Abu Dhabi Investment Authority (ADIA), a sovereign wealth fund that's known to have hundreds of billions of dollars.

With the new investment, Rel…

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