Elon Musk, the world's richest man, has entered the beauty industry with a new fragrance called Burnt Hair.
The scent retails for US$100 on Musk’s website, The Boring Company, and has been described as the “essence of repugnant desire”.
Musk claimed on Twitter that

Elon Musk’s new Burnt Hair fragrance sells $2 million in first 24 hours
The Tesla CEO changed his Twitter bio to 'Perfume Salesman' and claims over 20,000 bottles have sold within 24 hours
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7 fresh beauty launches to watch for this October
Read moreCosmetics Business names seven of the biggest beauty launches of the week in this new round-up
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Ingredients
Inside John Frieda’s bold and complex rebrand to ‘defend’ its market position
The Kao Corporation-owned heritage brand has just revamped its formulas, packaging and marketing to protect its position in premium mass hair care, while also investing in mood-boosting fragrance technology to take its offering to the next level
Distribution
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If there’s one thing the beauty industry knows how to do, it’s shift gears at lightning speed. One minute a serum is quietly sitting on a shelf, and the next it’s blown up on TikTok because someone whispered the words “glass skin.” Suddenly, tens of thousands of people need that product yesterday. For fulfilment centres… that’s when things get chaotic.
Fragrance
L’Oréal finalises ‘significant’ €4 billion acquisition of Kering Beauté
The French beauty giant has completed its deal to acquire Kering’s beauty division after securing approval from competition authorities, which includes exclusive 50-year beauty and fragrance licences for Bottega Veneta and Balenciaga
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Fragrance
Initio Parfums Privés opening first UK boutique due to ‘high double-digit growth’ in region
The French functional fragrance brand is opening a store in London’s Covent Garden shopping destination, citing a need for a ‘permanent home in one of the biggest fragrance markets in the world’ due to unprecedented growth