Elon Musk’s net worth is 5 million times as large as that of the typical family and dwarfs even that of the “everyday wealthy”, signalling a new era of ultra-affluence and widening inequality.

Elon Musk’s net worth is 5 million times as large as that of the typical family and dwarfs even that of the “everyday wealthy”, signalling a new era of ultra-affluence and widening inequality.

Elon Musk is now worth more than the world’s next four richest people combined.

Elon Musk is now worth more than the world’s next four richest people combined.

The Australian sharemarket surged after President Donald Trump signalled the US was close to a deal with Iran, fuelling hopes for an end to the war that has roiled global markets.

The Australian sharemarket surged after President Donald Trump signalled the US was close to a deal with Iran, fuelling hopes for an end to the war that has roiled global markets.

This week’s SpaceX float is set to be the biggest in history and make Elon Musk the world’s first trillionaire. Here’s what you need to know.

The Australian sharemarket is lower in early trade as fresh US strikes on Iran cast doubt on the chances of a deal to reopen the Strait of Hormuz.

The Australian sharemarket is higher despite a new escalation in the Middle East after US forces struck Iran and a sell-down on Wall Street.