A Prolific Analysis about Elon Musk’s Net Worth

    It has been officially declared that Elon Musk is now the richest man in the world. He has a net worth of $185 billion as per calculations by CNBC. 

    An increase in the price of Tesla’s shares facilitated the change and Musk were pushed ahead of Jeff Bezos. It may be mentioned here that Jeff Bezos has been on the world’s richest list since 2017. His present net worth is $184 billion. 

    It has been noted that Elon Musk’s growth to being the richest man over the years has been one of the fastest in history. Not long ago, Elon Musk was in the news for issues related to cash burns. 

    In the year 2020, he started with worth $27 billion. In fact, he was not even prominent in the top 50 richest people. The main success and rise in net worth can be attributed to the rise in the share price of Tesla. It grew nine times over the last year. 

    In the month of July, Elon Musk left behind Warren Buffett and became the seventh richest man in the world. In the month of November, he left Bill Gates behind and became the second richest person in the world. 

    Interestingly, in the last one year, Elon Musk has earned more wealth as compared to Bill Gates. The net worth of Bill Gates is $132 billion. 

    On Thursday, Tesla shares closed at $816.04, which was an increase of approximately 8%. The market value of the company has skyrocketed by $760 billion.

    Elon Musk also occupied the top position on the Bloomberg Billionaires Index. As per the Forbes Real-Time Billionaires List, it showed Musk approximately $7 billion behind Jeff Bezos when the market closed on Thursday. 

    The net worth of Jeff Bezos was “pegged” at $184.6 billion and Elon Musk at $177.2 billion by Forbes. But Forbes here did not include the value of the options that belong to Lusk, and the ones that he received as part of his pay packet. 

     

    Fast Facts about Elon Musk 

    • Elon Musk’s aim is to “revolutionize” transportation on Earth and in space. On Earth, it aims to do so with the help of the electric car market Tesla. And in space, he aims at doing so with the help of rocket producer SpaceX.
    • His stake in Tesla is 21%, however, he has used up more than half his stake and used it as collateral for seeking loans.
    • An SEC probe was initiated against him when he made “false statements” about taking Tesla private. He gave up the post of chairman in 2018. Tesla is a company that deals with electric vehicles. It is based in California and concentrates on emphasizing the use of sustainable energy, solar, and renewable energy. 
    • SpaceX is the rocket company that belongs to Musk and it is valued at $46 billion at present. 

    As of March 2020, according to Forbes, there were 2,095 billionaires worldwide. Since his net worth is $USD188.5 billion, “his bills could wrap around the Earth more than 733 times”.



    RELATED ARTICLES

    When was Studio Ghibli founded

    When Was Studio Ghibli Founded: Japan’s Iconic Animation Legacy

    Studio Ghibli is a popular Japanese animation studio, known by many for its stunning movies,...
    US-Ukraine talks

    US-Ukraine Talks: Zelensky Seeks Meaningful Outcomes Amid War

    Ukrainian President Volodymyr Zelensky hopes the subsequent talks between Ukraine and the United States will...
    OTT platforms

    OTT Platforms: Reviving Local Languages, Culture, and Heritage in India

    OTT systems have revolutionized content material intake in India, presenting audiences with admission to numerous...
    mental health

    Mental Health Awareness In India: Breaking The Stigma In 2025

    One of the aspects of our overall well-being is mental health, and it should not...
    women safety in India

    Women Safety in India: Key policy changes and ongoing challenges

    For an extended period, Indian society has maintained women's safety as both domestic and international...
    New Education Policy 2024

    New Education Policy 2024: Learning is Being Transformed

    Education in India has long been dependent on traditional methodologies that emphasize rote learning and...
    high fiber foods

    High Fiber Foods for a Healthy Digestive System

    Fiber is a vital nutrient that plays a vital role in maintaining good health. Despite...
    calorie calculator

    Calorie Calculator and Insights: How many calories to lose weight

    Losing weight is an extensively pursued purpose, but the essential precept remains regular: keeping a...
    best video editing app

    Best Video Editing App: How to Edit Like a Pro

    In the continually shifting world of digital media, video editing has become essential for makers...
    srd status check

    SRD Status Check: Unlocking Your Grant Journey, Step-by-Step

    SRD status check – those three words can carry a lot of weight, can't they?...
    pre travel checklist

    Pre Travel Checklist: 10 Things You Need to Do for a Smooth Stress-Free Trip

    Pre travel checklist: the secret to truly enjoying your adventures, trust me. We've all been...