Is Elon Musk the Richest Person in the World?


The answer to the question “Is Elon Musk the Richest Person in The World?” Is probably a resounding “yes!” While his investments in SpaceX and Tesla are not publicly traded, the total market cap of the two companies is estimated to be over $1.018 trillion.

That makes Musk a stake of approximately 17 per cent of Tesla, or about $170 billion. Musk also owns a majority stake in SpaceX, a private company that designs and manufactures advanced rockets and spacecraft for NASA and other space agencies.

In 1995, Elon Musk founded the online publishing platform Zip2. Four years later, he sold Zip2 for $300 million. He reinvested some of the money to launch X.com, which later merged with PayPal, which was bought by eBay for $1.5 billion. Elon Musk then co-founded SpaceX, a rocket company that was tapped by NASA to resupply the International Space Station. He also founded Tesla in 2010, which produced the first all-electric sports car. The company subsequently sold a majority stake in Tesla to investors for a whopping $600 million.

Musk’s fortune is increasing in value, despite the recent downturn. The company shares have gained more than $1 billion since March 11 – a period when Elon Musk’s net worth was still under $218 billion. The figures don’t include the $1 billion worth of Musk’s recent purchase of Twitter equity. However, if you factor in the stock value of SpaceX and Tesla, Musk is now the richest person in the world.

How Did Musk Earn His Money? Unlike many of his fellow billionaires, Elon Musk built his fortune through a variety of investments and good ideas. He did make a few risky bets along the way, but there was a method to his madness. These bets have made him the wealthiest person on the planet this year, and his electric car titan has the entire auto industry scrambling to catch up. He has also been named Person of the Year by TIME in 2021.

According to Forbes, Musk’s net worth is estimated at $251 billion. While some of his followers are appalled by the word “billionaire,” Musk is an extremely thrifty man. In May 2020, he tweeted that he would be selling his possessions and own no house. As of February, he reportedly lives in a $50,000 prefab tiny home he rents out to his SpaceX workers. And Musk reportedly refuses to buy a new bed for his lover.

But that’s not the only thing making Musk rich. Despite the fact that he is the richest man in the world, he also has a few enemies. SpaceX is suing Amazon for breaking FCC rules and Musk himself is fighting back. However, the lawsuits are unlikely to affect Musk’s plans to retire on Mars. He also has plans to make a donation to the Givewell Foundation, which is a worthy cause of concern.

Elon Musk had a very interesting upbringing. He was born in South Africa, but left home at the age of seventeen to avoid military service. Musk attended Queens University in Canada and dropped out of Stanford University when he was just 17 years old. He studied at Queens University and went on to start Zip2 – an online business directory, which was a kind of web-enabled yellow pages, complete with maps. It was an amazing start, and he soon became one of the world’s richest men.

What’s more, despite having a much smaller market cap than Jeff Bezos, Musk has also made himself richer. After all, he’s got more Tesla stock than Jeff Bezos! With the share price of his company tripled in the past year, Elon Musk is now more than twice as rich as Jeff Bezos. But it could be the reverse.

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