To believe the electric car-maker's worth could rise so rapidly in just 12 months is the ultimate example of irrational exuberance. The BBC is not responsible for the content of external sites. It is the fact that Tesla's share price has increased more than seven-fold in the past year that has sent Elon Musk's fortune rocketing past that of Jeff Bezos. Most populous nation: Should India rejoice or panic? Elon has been married three times, twice to the same woman actress Talulah Riley. We all know Jeff Bezos is very rich but wouldnt you love to know how long it would take him to, for example, earn your entire years salary, tackle your entire student debt or pay off your mortgage? In July 2022 it was reported that Elon Musk had an affair in December 2021 with the wife of Google co-founder Sergey Brin. Though he wears many hats and is constantly topping his latest project, Elon Musk is earned the vast majority of his fortune as as the CEO of Tesla Motors. If he did exist, there's definitely not any solid evidence that his fortune was actually large enough to make him the wealthiest human being of all time. Mansa Musa. Here's how. Twitter co-founder Jack Dorsey once a supporter of Elon Musk s $44 billion acquisition of the site is now offering sharp Physics Wallah Net Worth: From Teacher to Founder of Indias 101st Unicorn A SIP calculator is a simple tool that allows individuals to get an idea of the returns on their. His wealth in three charts, Up to 30% off everything with the Samsung Youth discount, 50 cash with friend referrals at Virgin Mobile, 15% off extra plans with this Vodafone promo, 50% off your 1st 3 months - Audible promo, Extra 20% off selected fashion and sportswear at Very, Compare broadband packages side by side to find the best deal for you, Compare cheap broadband deals from providers with fastest speed in your area, All you need to know about fibre broadband, Best Apple iPhone Deals in the UK May 2023, Compare iPhone contract deals and get the best offer this May, Compare the best mobile phone deals from the top networks and brands. On Monday alone, Musk lost $8.6 billion as Tesla shares plunged 6.8% to $167.87 in New York trading. Please enter valid email address to continue. / MoneyWatch. Their primary product was an internet-based guide for cities, that was geared towards the publishing industry, particularly newspapers. Submit a correction suggestion and help us fix it! So who could buy more things in their lifetime? Columbia University professor and tax expert, Robert Willens, said that was likely to be a fair comment from Mr Musk, who had made himself liable for "mind-boggling amounts of taxable income" in 2020, through exercising stock options that would otherwise have expired and been worthless. To give Musk's wealth some perspective, consider that it is greater than the annual GDP of nations such as Finland, Chile and Vietnam and exceeds the market value of Netflix and PayPal, a company that he co-founded. A very impressive fortune no doubt, but clearly not enough to make him the richest human being of all time. 100x Options Profit Calculator CZ has a net worth of $28.2 billion. Elon Musk A recent rise in Tesla's stock price has pushed Musk's net worth into the stratosphere. Bitcoin Has a Major Significant Here's What It Means, 10 Online Side Hustles to Boost Your Income, 10 Tips to Choose the Right Mutual Fund for Your Investment Goals. Teslas fortunes have largely driven Musks own net worth, which is now equivalent to the annual GDP of a small-to-medium sized country. Its a stark reversal from last The world's wealthiest person: How did Elon Musk get so You may want to read Twitters cookie policy, external and privacy policy, external before accepting. The BBC is not responsible for the content of external sites. Musk was worth $302 billion as of Thursday, according to the Bloomberg Billionaires Index. A guy in 1935 who had $1.5 billion? Elon Musk says he'll be paying A new website will you give you these exact numbers, as they apply to Bezos and 14 other tech moguls. Most Facebook users can now claim settlement money. The majority of that wealth is concentrated in public assets shares in Tesla, SpaceX, and his 9% stake in Twitter. How rich is Elon Musk? His wealth in three charts | The Independent Elon Musk Is $5 Billion Away From Being The - Celebrity Net Worth Musk merged everything and renamed it all PayPal. In October 2021 when Tesla's market cap topped $1 trillion and SpaceX's valuation was $100 billion, Elon's net worth was $300 billion. Who is Elon Musk? 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In 2020 Elon stunned the world by announcing his intention to sell all of his worldly possessions, starting with his LA homes. Elon Musk Net Worth Read Next: Elon Musk's Net Worth Plummets $13B In A Day As Tesla Stock Slides Photo: Shutterstock Rejuvenate Your Portfolio With Options! Billionaire Elon Musk-owned Twitter is expected to make changes in its privacy policy soon. Did this woman die because her genitals were cut? Elon Musk Earnings Calculator - Select Car Leasing BBC business reporter, New York Elon Musk, the world's richest person, has tweeted he will pay $11bn (8.3bn) in tax for this year. Elon Musk's personal wealth is now $222 billion, widening his gap as the richest person in the world according to Bloomberg's Billionaires Index. Mr Musk's electric car company Tesla has surged in value this year, and hit a market value of $700bn (516bn) for the first time on Wednesday. He is also know for being the CEO and CTO of SpaceX and chairman of SolarCity. 100x Options Profit Calculator Read Next: Elon Musk's Net Worth Plummets $13B In A Day As Tesla Stock Slides. When we published our first estimate of Mansa Musa's net worth in 2012, we pegged his modern-equivalent fortune at $400 billion. The owner of a business which has only just made its first annual profit and is still a minnow compared to the likes of Toyota - or Amazon - is now the world's richest person. Image by Freepik. He moved on to Stanford University to attend a Ph.D. program in physics, but decided school was no longer a useful pursuit. Elon Musk's Net Worth Tops $100 Billion For The First Time, Morgan Stanley Analyst Thinks Elon Musk Will Become A Trillionaire Thanks To SpaceX, Sold first company Zip2 to Compaq in 1999 for $340 million, Invested a portion of his windfall into X.com, X.com became Paypal. As opposed to railroads, the Hyperloop would use tubes for transportation. Today, they are worth close to $900. Imagine as much gold as you think a human being could possess and double it. Ultimately, Musk hopes to transform humanity into a multi-planetary species by establishing a self-sufficient colony on Mars, while simultaneously solving some of the biggest challenges back on Earth, including climate change and the perceived threat from advanced artificial intelligence. Elon Musk Net Worth Elon Musk Net Worth Tech Tent: Is Tesla really worth $500 billion? Video, The secret mine that hid the Nazis' stolen treasure, Senator vows to sink key Biden spending plan, Explosion derails train in Russian border region, Russia launches missile attacks on Ukraine, Street piano confiscated as public 'break rules', Trump mistrial request denied in NY rape lawsuit, US rock band Aerosmith announce farewell tour, Banana artwork in Seoul museum eaten by visitor, Heavy drinkers told to leave India police force, Father tells how gunman opened fire on Texas home. Rockefeller is certifiably the first person to ever achieve an actual-value (aka not inflation-adjusted or estimated) personal fortune of $1 billion. Here's the problem with King Solomon: There's actually no factual evidence that he ever existed. Tesla and Twitter CEO Elon Musk is likely to testify in a lawsuit in the US that blamed Autopilot for a fatal crash in 2018. Two reasons: Thanks at least partially to an article I personally wrote back in 2012, most people generally agree that the richest person in modern history is Standard Oil founder John D. Rockefeller. At the time of the lawsuit Musk had $500 million worth of debt with the majority owed to Morgan Stanley and Goldman Sachs. Or a guy in 2021 who has $300+ billion? Stock options are agreements that the holder can purchase a stock at a set price in the future. He is by far the richest person in the world , topping the #2 person Jeff Bezos by around $140 billion. A different British historian, named Kenneth Kitchen, does believe Solomon existed. Elon along with Ian Wright and J.B. Straubel were the company's first employees and retroactively named co-founders. Under the plan, tradable assets such as Tesla's stock in a billionaire's portfolio would be valued annually. Elon Musk ended the day with a net worth of $335 billion, Andrew Carnegie's inflation-adjusted $310 billion fortune, Wikipedia's list of the wealthiest historical figures, Elon Musk's Net Worth Just Topped A Quarter Trillion Dollars, Elon Musk's Net Worth Hits $290 Billion As Tesla Soars Above $1 Trillion Market Cap, Elon Musk Is Perilously Close To Losing His Status As The Richest Person In The World. Elon Musk When Bezos was touted to soon become the worlds first trillionaire (he isnt yet but his net worth of $144bn puts him on track to become one by 2026), we learned he was richer than entire countries and later also found out he was richer than combined countries (to take an example: Jamaica, Iceland, Tunisia and Estonia). On Monday, Elon Musk ended the day with a net worth of $335 billion. 144bn puts him on track to become one by 2026, about two minutes to earn the average US yearly wage, he sued local authorities after he was forced to shut it, particularly his pressing mission to, er, colonize Mars. The company has lost nearly half its market value and his net worth has dropped by $70 billion since he bid for Twitter in April. Investors initially fled Tesla on worries over share sale by Musk, who has divested at least $15 billion worth of stock. The data tells us the 15 best-paid CEOs in tech have a combined annual income of over $83bn which is greater than the entire gross domestic product of hundreds of countries. Kimbal Musk net worth: Kimbal Musk is a South African restauranteur, chef, and entrepreneur who has a net worth of $500 million. He instead has a highly unusual and extremely lucrative bonus plan tied to the company's market cap milestones. Get browser notifications for breaking news, live events, and exclusive reporting. By age 12, he'd coded and sold his first computer game, Blastar. Elon Musk Elon Musk has become the world's richest person, as his net worth crossed $185bn (136bn). Indias growth more stable on healthy macros: Finance ministry, Adani Ports starts $130 million buyback of debt securities, Not cheating if man had told live-in partner he was married: Calcutta HC, From free cylinders to UCC: Key promises in BJP's K'taka manifesto, What India's 24 lakh ponds, wells and tanks add up to, Can dissolve marriage on ground of irretrievable breakdown: SC, Live: Sidhu meets wrestlers as protest enters Day 9, Live: PM has to understand K'taka poll not about him, says Rahul, The hijab is a liberation from capitalisms beauty myth, Covid-19: India sees 27% decline in weekly cases, 14 messaging apps banned by govt for spreading terror: Details, 'I wanted to prepare him differently': How Yashasvi raised his game for IPL 2023, Terms of Use and Grievance Redressal Policy. As Rudolph put it: "This is the richest guy anyone has ever seen. By 2008, SpaceX was well-established and NASA awarded the company the contract to handle cargo transport for the International Space Stationwith plans for astronaut transport in the future. He was most likely in Texas, where his company SpaceX was preparing for a rocket launch. See Musk's earnings in real time and how his salary stacks up against other automotive and business heavyweights. According to the Bloomberg Billionaires Index, Musk added $121 billion to his net worth in 2021, becoming the world's richest man who briefly saw his net worth cross $300 billion. Not surprisingly, Musk and other billionaires are voicing their displeasure with the proposed tax. To view this content choose accept and continue. Video, 00:03:45, The secret mine that hid the Nazis' stolen treasure. On that day he was $54 billion away from Jeff Bezos' $184 billion net worth and his net worth had officially increased $100 billion since January 1, 2020. On January 1, 2020, Elon's net worth was $28 billion. He ended 2020 with a net worth of $170 billion. On July 13, 2020 when Elon's net worth hit $80 billion for the first time, $15 billion came from SpaceX and $65 billion came from Tesla. In August 2020 two important factors pushed Elon's net worth above $90 billion for the first time. Elon Musk Bloomberg Billionaires Index puts his wealth at $243bn, while Tesla is worth around $1tn and SpaceX is worth $100bn. The secret mine that hid the Nazis' stolen treasure. They welcomed a second child via surrogate in December 2021. Generally, the most common number historians use for John D. Rockefeller's inflation-adjusted net worth is. Last week, Mr Musk was named Time Magazine's Person of the Year. (Bezos has now ended that entitlement, despite the virus still raging across the US.). We will be keeping an eye on Elon's fortune and we'll let you know if he officially becomes the richest person of all time! He went on to attend the Queen's University in Ontario, and ultimately graduated from the Wharton School at the University of Pennsylvania with dual degrees in business and physics. Texas has more lenient tax rules - it does not collect income tax, in contrast to California, which has the highest income tax rates among US states, according to thinktank the Tax Foundation. His net worth tumbled $7.7 billion on Tuesday after Tesla shares had their steepest one-day loss since October.. For example, how do you calculate the modern-equivalent of William the Conqueror's net worth? Painfully, Sergey had long-been one of Musk's biggest supporters. He reportedly burned through all of his liquid cash from previous business sales to launch SpaceX. He invested in several Musk companies, including being one of the earliest investors in Tesla. This is the lowest since November 2020. Elon takes no salary as CEO of Tesla. If some of Congress' more radical measures were enacted, that would have had a big impact on Mr Musk's tax liabilities, Mr Willens added. Elon Musk 1, with a net worth of $219 billion as of March 11, 2022 Musk was No. This financial tool allows one to resolve their queries related to Public Provident Fund account. Read about our approach to external linking. An older tweet pinned to the top of his feed offered further insight into his thoughts on personal wealth. Elon Musk The last time Twitter updated its privacy policy was in August 2021. On January 1, 2020, Elon's net worth was $28 billion. He has also been romantically involved with actress Amber Heard and Canadian musician Grimes. Elon Musk Net Worth | Celebrity Net Worth Video, The secret mine that hid the Nazis' stolen treasure, Elon Musk's six secrets to business success, Trump mistrial request denied in NY rape lawsuit, MasterChef Australia host Jock Zonfrillo dies, DeSantis-backed board votes to countersue Disney, Explosion derails train in Russian border region, US rock band Aerosmith announce farewell tour, Russia launches missile attacks on Ukraine, Father tells how gunman opened fire on Texas home, Street piano confiscated as public 'break rules', NFL player's daughter, aged two, drowns in pool. The surge in Musk's assets comes as lawmakers are considering a billionaires tax that would take a bite out of the wealth of the nation's roughly 700 billionaires. At that point he surpassed Bill Gates to become to the second-richest person in the world for the first time. So why is my original statement controversial? The brothers sold Zip2 to Compaq in 1999 for $307 million in cash and $34 million in stock. Musk founded his third company, Space Exploration Technologies Corporation (SpaceX), in 2002 with the intention of building spacecraft for commercial space travel. Elon Musk sells another $3.58 bn worth of Tesla stock, purpose unknown US government questions Tesla over Elon Musk's full self-driving tweet Tesla Cybertruck won't see mass production until 2024, says Elon Musk Elon Musk's Tesla denies terminating employees for forming a union Tesla's lawyers have opposed the request in Then again, when you have so much money, it may just not matter: Musks net-worth is almost 20 times the entire budget of the county he sued. Bloomberg Billionaires Index - Elon Musk That makes the car company worth more than Toyota, Volkswagen, Hyundai, GM and Ford combined. 1. However, CZ himself dismissed these figures in a tweet on Thursday by writing Numbers all wrong. Elon Musk has overtaken Jeff Bezos to become the worlds richest person, having seen his wealth rise from $25 billion to nearly $200bn in less than a year. If you re-calculate Rockefeller's net worth taking into account his wealth as a percentage of American GDP plus various other factors (like being on the gold standard at the time), it's not unscientific to drastically boost Rockefeller's estimated present net worth equivalent. In May 2020, Musk tweeted that he planned to sell almost all physical possessions a promise he delivered on before 2021 by selling three of his California homes for a combined total of $41 million. As of my knowledge cutoff date of September 2021, Elon Musks net worth was estimated to be around $198 billion USD, according to Forbes. Before any of these ventures, Musk gained notoriety in Silicon Valley as the co-founder of online payments platform X.com, which went on to become PayPal. "My plan," the SpaceX founder tweeted Thursday about his fortune, "is to use the money to get humanity to Mars and preserve the light of consciousness. Coronavirus has widened America's vast racial wealth gap, study finds, Original reporting and incisive analysis, direct from the Guardian every morning, 2023 Guardian News & Media Limited or its affiliated companies. In the Northern California town of Hillsborough he continues to own a 100-year-old, 16,000 square-foot villa that sits on nearly 50-acres. Daniel Ives, an analyst with Wedbush Securities wrote: "A Blue Senate is very bullish and a potential 'game changer' for Tesla and the overall electric vehicle sector, with a more green-driven agenda now certainly in the cards for the next few years.". He has since moved to Texas, where he will pay no state income taxes, in order to be closer to the development of SpaceXs Mars-bound spacecraft Starship. Elon Musk loses $12.6 billion in a single day as Tesla shares tumble and SpaceX rocket explodes Last Updated: April 22, 2023 at 11:30 a.m. The lawsuit also revealed that Musk's base salary at Tesla is $56,380. Elon Musk The company a text messaging company says it uses data on salary, bonuses, earnings from equity and other forms of compensation from 2019 SEC filings to let you calculate just how quickly people like Mark Zuckerberg of Facebook, Susan Wojcicki of YouTube and Reed Hastings of Netflix could pay off all of your expenses. Some lawmakers want to tax it. At the second place, Amazon founder Jeff Bezos, however, did not add much to his net worth. The first chunk of options were granted once Tesla hits a market cap of $100 billion (roughly double the value when the plan was announced). 100x Options Profit Calculator CZ has a net worth of $28.2 billion. He believes the legend is a complete myth. On January 8, 2021 Elon ended the week with a net worth of $210 billion after starting the week worth $170 billion. The Tesla and SpaceX entrepreneur was pushed into the top slot after Tesla's share price increased on Thursday. Elon Musk Enrol in ISB CDO prog. According to an analysis completed by Bloomberg, Elon Musk is by far the wealthiest person on the planet, with a total net worth in September 2022, of $264 billion dollars. At this point Elon's net worth teetered around $300 billion for the first time. VideoThe secret mine that hid the Nazis' stolen treasure, LGBT troops take love for Eurovision to front line, Why an Indian comedian is challenging fake news rules. Elon Musk becomes first person to be worth more than $300 billion Who is the richest person in the world? Jeff Bezos no Start your Independent Premium subscription today. Ellis believes Solomon is an amalgamation of several Egyptian pharaohs, perhaps most specifically a pharaoh called Shoshenq I, who was the ruler of Egypt and Israel in the 10th century BC. Under current law, a gain is only taxed if it is "realized" when its owner sells the asset and makes a profit. It's nearly impossible to accurately peg the wealth of someone who lived 700 years ago. Elon hit every single milestone and therefore qualified to receive all $100 billion from the bonus plan. He has continued to launch new businesses since then, including SpaceX, his aerospace design and development company, and Tesla Motors, the company behind a range of increasingly popular electric sports cars. What Would It Take For Elon Musk To Become The World's First Trillionaire? Read about our approach to external linking. Is climate change killing Australian wine? Elon Musk

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