This tiny mountain enclave in the Blue Ridge Mountains has just 825 residents and at least four of them are billionaires. I'm here in Cashers, North Carolina, which has one of the highest concentrations of wealth in the United States. Most of this wealth sits behind the gates of private golf communities where annual membership can run in the six figures and where you can't join the club unless you own property there.Since 2020, real estate prices in cash have more than doubled as people from the Southeast a ...

Core Insights - Elon Musk has become the first individual to surpass a net worth of $500 billion, a figure that exceeds the GDP of approximately 83% of the world's nations [1][3][4] - Musk's wealth is primarily driven by his stake in Tesla, which has seen a significant increase in value, contributing $63.9 billion to his net worth in just over a month due to a 37.6% rise in Tesla's stock price [2][4] Company Performance - Tesla's stock price increased from $333.87 in August to $459.46, marking a 37.6% jump [2] - Musk's holdings in Tesla, which account for about 15.3% of the company, now represent nearly 47% of his total fortune [2] Economic Context - Musk's wealth surpasses the economies of several countries, including Bangladesh ($467 billion), Denmark ($450 billion), and Malaysia ($445 billion), according to IMF's 2025 data [3] - Even advanced economies like Norway ($504 billion) and Singapore ($565 billion) only slightly exceed Musk's net worth, illustrating the concentration of wealth in a single individual [3] Industry Implications - Musk's achievement highlights the transformative power of technology and electric vehicle (EV) disruption in creating substantial economic value [4] - Tesla's stock movements are not merely company-specific events but have macroeconomic implications, influencing wealth on an unprecedented scale [5]

The biggest concentration of billionaires, 255 of them, is in California. But the super rich also run businesses in such remote spots as Ridgeland, Miss., and Waunakee, Wisc. https://t.co/tEFAHAbnBL ...

The biggest concentration of billionaires, 255 of them, is in California. But the super rich also run businesses in such remote spots as Ridgeland, Miss., and Waunakee, Wisc. https://t.co/lTSm1ItsQF ...