How Elon Musk makes and spends his billions

Tech Insider : Technology

Elon Musk has amassed a fortune. His net worth hovers around $200 billion. But because the majority of his wealth is tied to Tesla shares and stock options, it dips and rises every day. See how he became one of the world's richest people — and where he spends his money.

Taking dollarization to the next level: Here's a look at countries using the greenback as local currency

Tech Insider : Economy
Andrew Jackson portrait on twenty dollar bill.
Andrew Jackson portrait on $20 bill.

Elizabeth Fernandez/Getty Images

Foreign exchange funds double average returns due to the biggest divergence in central bank rates since 2008

Tech Insider
Euro paper money and coins
Euro paper money and coins

Getty Images

Russia adds fresh capital controls to prop up ruble, but Kremlin is 'applying a Band-Aid to gangrene'

Tech Insider : Economy
Russian President Vladimir Putin attending the final stage of the 3rd International Olympiad on Financial Security on October 4, 2023.
Russian President Vladimir Putin attending the final stage of the 3rd International Olympiad on Financial Security on October 4, 2023.

MIKHAIL METZEL/POOL/AFP via Getty Images

Capital is leaving China at the fastest pace in more than 7 years, sending the yuan lower

Tech Insider : Economy
Yuan
A clerk counts 100 Chinese yuan banknotes at a branch of China Merchants Bank in Hefei, Anhui province April 20, 2015.

REUTERS/Stringer

China is boosting efforts spread the yuan as it sells a record $7.5 billion in offshore bonds this year

Tech Insider
china xi jinping
Chinese President Xi Jinping speaks to Gabon's President Ali Bongo Ondimba (not pictured) during a meeting in the Great Hall of the People in Beijing, China December 7, 2016.

Reuters/Fred Dufour

The BRICS bloc may soon get 6 new members and more jumbled opinions on de-dollarization

Tech Insider
South African President Cyril Ramaphosa with fellow BRICS leaders President of Brazil Luiz Inacio Lula da Silva, President of China Xi Jinping, Prime Minister of India Narendra Modi, and Russia's Foreign Minister Sergei Lavrov pose for a family photo with delegates, including six nations invited to join the BRICS group, Argentina, Egypt, Ethiopia, Iran, the United Arab Emirates and Saudi Arabia, during the closing day of the BRICS Summit at the Sandton Convention Center on Augu

Dollarization would eliminate Argentina's future inflation risk, former IMF board member says

Tech Insider : Economy
Argentine peso/dollar

AGUSTIN MARCARIAN/Reuters

De-dollarization would require governments to sever political and economic ties with US

Tech Insider : Economy
100 dollar pill puzzle being put together .

C.J. Burton/Getty Images

Surging oil prices could sour soft landing hopes, but it won't spark a crisis like the 1970s, market veteran says

Tech Insider
A 3D-printed oil pump jack in front of the OPEC logo in this illustration picture SOURCE: REUTERS
A 3D-printed oil pump jack in front of the OPEC logo in this illustration picture SOURCE: REUTERS

Dado Ruvic/Reuters

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