October 29, 2021 / 12:09 PM By age 12, he'd coded and sold his first computer game, Blastar. 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. Elon Musk becomes world's richest person as wealth tops $185bn He could buy all 32 National Football League teams (currently worth more than $112 billion, according to data site Sportico) and still have almost $190 billion left over. Though, one major red flag for Wikipedia's list is it doesn't even include Elon Musk. Mansa Musa. What is Elon Musks net worth and is he the richest person - The Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. Elon Musks coffers became a smidge lighter on Thursday after his net worth plummeted by $12.6 billion, according to Bloomberg s Billionaires Index, the He is by far the richest person in the world , topping the #2 person Jeff Bezos by around $140 billion. Elon Musk He is also know for being the CEO and CTO of SpaceX and chairman of SolarCity. The lawsuit also revealed that Musk's base salary at Tesla is $56,380. After overtaking Bezos on 7 January to claim the title as the worlds richest person, Musk reiterated his pledge to use his wealth for what he believes is the greater good for the world. That means Elon Musk is $5 billion (plus $1) away from being the richest person ever. 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. He has since sold off most of his homes and re-paid this mortgage debt. Market data provided by ICE Data Services. That's 1,000 years before Jesus walked the earth. 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. John Catsimatidis, the billionaire grocery chain and real estate magnate who owns Gristedes, condemned the proposal as something you would "expect Putin to do," referring to President Vladimir Putin of Russia. At his peak, Musk was worth $340 billion, according to the Bloomberg Billionaires Index. Elon Musk This article contains content provided by Twitter. On January 1, 2020, Elon's net worth was $28 billion. In October 2021 Tesla's market cap broke $1 trillion for the first time. First published on October 29, 2021 / 10:15 AM. Start your Independent Premium subscription today. End of twitter post 2 by Elizabeth Warren, How billionaires pay less tax than you. Elon Musk So who could buy more things in their lifetime? He believes the legend is a complete myth. 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. Elon Musk Income tax calculator Jack Dorsey rues Elon Musk deal, says it all went south Business/ Bloomberg / Apr 30, 2023, 08:17 IST Twitterco-founder Jack Dorsey once a supporter of Elon Musks $44 billion acquisition of the site is now offering sharp criticism of the new ownerand his handling of the deal. Elon's 20% stake was worth $70 billion. (modern). Elon along with Ian Wright and J.B. Straubel were the company's first employees and retroactively named co-founders. "About half my money is intended to help problems on Earth, and half to help establish a self-sustaining city on Mars to ensure continuation of life (of all species) in case Earth gets hit by a meteor like the dinosaurs or WW3 happens and we destroy ourselves," it reads. That occurred in November 2021, when Tesla's stock price hit a record Kimbal Musk Net Worth The reason is not what you think. Imagine as much gold as you think a human being could possess and double it. Powered and implemented by FactSet. Elon Musk Elon Musk Elon Musk's net worth has surpassed $300 billion, making him the first person on the planet to reach that milestone. Elon Musk Net Worth Elon Musk Net Worth Elon Musk is a South African-born Canadian-American businessman, inventor and investor who has a net worth of $164 billion. Elon Musk cofounded six companies including electric car maker Tesla, rocket producer SpaceX and tunneling startup Boring Company. He owns about 25% of Tesla between stock and options, but has pledged more than half his stock as collateral for loans. In July 2022 it was reported that Elon Musk had an affair in December 2021 with the wife of Google co-founder Sergey Brin. He instead has a highly unusual and extremely lucrative bonus plan tied to the company's market cap milestones. (Photo by Pascal Le Segretain/Getty Images). From that point on, Elon received another of the tranches every time the company increases in market cap by $50 billion. When we published our first estimate of Mansa Musa's net worth in 2012, we pegged his modern-equivalent fortune at $400 billion. Since the start of the year, Musk has seen his wealth Or a guy in 2021 who has $300+ billion? He declines the salary in most years. New Twitter feature: Elon Musk opens up earning opportunity for users, calls it a major win-win | Mint Get Mint Premium at just 2949 Claim Now! Oh, and that time we learned that Zuckerberg takes about two minutes to earn the average US yearly wage? Video, 00:03:45How billionaires pay less tax than you, Musk makes whistleblower joke with new Tesla item, More than 100 police hurt in French May Day protests, Fighter jets are roaring over my home in Sudan, MasterChef Australia host Jock Zonfrillo dies. Bloomberg Billionaires Index - Elon Musk The fundraising round increased SpaceX's private valuation to $46 billion, up from $36 billion. As of this writing, Elon Musk owns 43% of rocket maker SpaceX and 24% of Tesla. Now that I know Bezos earns my entire salary in under a minute, it does make the additional $2 an hour that Amazon employees briefly received for working during the pandemic seem even more paltry. Copyright 2023 CBS Interactive Inc. All rights reserved. Musk is now worth about $182 billion, while Bezos' net worth is $181 billion. In January 2018, the Tesla board unveiled a compensation plan for Musk that would eventually be worth $100 billion. A very impressive fortune no doubt, but clearly not enough to make him the richest human being of all time. "For those wondering, I will pay over $11bn in taxes this year," the billionaire responded. Elon hit every single milestone and therefore qualified to receive all $100 billion from the bonus plan. 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. Musk would be liable for perhaps a one-time $50 billion tax hit under the Democratic proposal. 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. Six tips for success from the richest person on the planet. Who is Elon Musk? While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. At some point in late 2021 Elon ALSO welcomed a set of twins, born to one of his Neuralink executives. 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. Please refresh the page or navigate to another page on the site to be automatically logged in, Please refresh your browser to be logged in, Elon Musk says you can now buy a Tesla with bitcoin, Elon Musk says Twitter will let media outlets charge users per article view, Jack Dorsey says Twitter went south after its sale to Elon Musk, Bluesky might be the hottest and most controversial app in the world, How rich is Elon Musk? The BBC is not responsible for the content of external sites. As of December 29, Musk had a net worth of $277 billion. 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. However, he gave a 4% stake in the business to his ex-wife MacKenzie Scott after they split, which helped Mr Musk overtake him. Elon Musk testifies in defamation trial that his net worth is around Using that number, Elon Musk is $5 billion (plus $1) away from being the richest person in modern history. There are pictures of him holding a scepter of gold on a throne of gold holding a cup of cold with a golden crown on his head. 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? Over the last few weeks, Mr Musk has sold around $14bn of Tesla shares, which Mr Willens said was likely to be in part in order to generate cash to satisfy his tax liabilities. 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. He subsequently bought Confinity, the company that operated PayPal. 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). Remember when Elizabeth Warren helped billionaires calculate how much they would pay under her ultra-millionaire tax proposals, and it was pointed out that under her plan, even after tax, Bill Gates would still be a billionaire 60 years from now? Most Facebook users can now claim settlement money. Tech Tent: Is Tesla really worth $500 billion? See Musk's earnings in real time and how his salary stacks up against other automotive and business heavyweights. It's nearly impossible to accurately peg the wealth of someone who lived 700 years ago. Watch video to know the better investment bet, : Hindustan Unilever Q4 net up 10% at Rs 2,500 crore on price hikes, : US Q1 growth slows to 1.1%, inflation rises. This is the lowest since November 2020. The Elon Musk Wealth Calculator - Internet Marketing Hub Elon Musk has become the world's richest person, as his net worth crossed $185bn (136bn). If Elon cashed out all of his stocks & assets today he would have approximately $217,000,000,000 (US Dollars) in his bank account. "[Mr Musk] probably felt it would be prudent to generate as much taxable income in 2021 as possible, on the theory that income in 2022 might be taxed at higher rates," he explained. Who Is Eligible for Pradhan Mantri Rozgar Yojana? Know supply chain strategy with IIML COO Prog. One of the biggest companies couldnt afford to keep it up? Oneto said. Other billionaires are also voicing their anger at the idea. He reportedly burned through all of his liquid cash from previous business sales to launch SpaceX. Earlier this week, Democratic Senator Elizabeth Warren tweeted that Mr Musk should stop "freeloading off everyone else". Elon Musk taught himself computer programming when he was a kid. 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.
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