Elon hit every single milestone and therefore qualified to receive all $100 billion from the bonus plan. First, in mid-August Tesla shares hit an all-time high of $1,900. He was most likely in Texas, where his company SpaceX was preparing for a rocket launch. How billionaires pay less tax than you. Rudolph Ware, a professor of history at the University of Michigan explained to CNN back in 2015 that Musa's wealth was so immense that people of the time struggled to describe his riches. Because some would say that it's been nearly a decade since our estimate of $340 billion was published. Elon Musk has become the world's richest person, as his net worth crossed $185bn (136bn). It's nearly impossible to accurately peg the wealth of someone who lived 700 years ago. Meet the meme-loving magnate behind SpaceX and Teslapublished in 2021. Start your Independent Premium subscription today. A different British historian, named Kenneth Kitchen, does believe Solomon existed. Mr Musk has been embroiled in a public debate on social media over how much tax he pays. A very impressive fortune no doubt, but clearly not enough to make him the richest human being of all time. The BBC is not responsible for the content of external sites. He ended 2020 with a net worth of $170 billion. That's 1,000 years before Jesus walked the earth. Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in, The sky-rocketing net worth of the Neuralink, SpaceX and Tesla boss has risen 8-fold during the pandemic, Find your bookmarks in your Independent Premium section, under my profile. His Bel-Air footprint included a 20,000 square-foot house that he bought for $17 million in 2012, a 7,000 square-foot house he bought for $20 million in 2015 and a 9,300 square-foot house he purchased in 2016 for $24.25 million. Imagine as much gold as you think a human being could possess and double it. Most populous nation: Should India rejoice or panic? The second factor was an increased valuation of SpaceX which was officially confirmed on August 18, 2020. At his peak, Musk was worth $340 billion, according to the Bloomberg Billionaires Index. 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. See Musk's earnings in real time and how his salary stacks up against other automotive and business heavyweights. Please enter valid email address to continue. The secret mine that hid the Nazis' stolen treasure. Billionaire Elon Musk-owned Twitter is expected to make changes in its privacy policy soon. A calculator designed by a British vehicle buying and selling company has estimated that Elon Musk generates over $22,500 per minute. The last time Twitter updated its privacy policy was in August 2021. WebTo understand how rich billionaires really are, use this calculator | Elon Musk | The Guardian Jeff Bezos net worth of $144bn puts him on track to become the worlds first Explore in 3D: The dazzling crown that makes a king. 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. In addition, the threat of regulation has meant Amazon's stock has not risen as high as it might otherwise have done. 2023 BBC. He sold four homes at once to one buyer in December 2020. He is by far the richest person in the world, topping the #2 person Jeff Bezos by around $140 billion. 2018 Herald International Research Journals. This Twitter post cannot be displayed in your browser. 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 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. Kitchen calculates that Solomon might have accumulated an inflation-adjusted fortune of $20 billion. Musk founded his third company, Space Exploration Technologies Corporation (SpaceX), in 2002 with the intention of building spacecraft for commercial space travel. Bloomberg Billionaires Index puts his wealth at $243bn, while Tesla is worth around $1tn and SpaceX is worth $100bn. ET First Published: April 21, 2023 at 5:03 a.m. Know supply chain strategy with IIML COO Prog. In 1999, Elon and Kimbal Musk used the money from their sale of Zip2 to found X.com, an online financial services/payments company. 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. A new website will you give you these exact numbers, as they apply to Bezos and 14 other tech moguls. At that level the company's total market cap was $350 billion. They share five sons. As Rudolph put it: "This is the richest guy anyone has ever seen. He instead has a highly unusual and extremely lucrative bonus plan tied to the company's market cap milestones. In 2020 Elon stunned the world by announcing his intention to sell all of his worldly possessions, starting with his LA homes. 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. In a 2019 legal deposition, Musk explained that he actually is somewhat cash-poor and that 99% of his personal wealth is attributable to shares in Tesla and SpaceX. Instead, they hold their wealth in shares and other investments, then take out loans using those assets as collateral. Net Worth:$180 BillionAge:51Born:June 28, 1971Gender:MaleHeight:1.88 m (6 ft 2 in)Country of Origin:South AfricaSource of Wealth:Entrepreneur/InvestorLast According to the latest Forbes billionaires list, Musk is the new No. Today, they are worth close to $900. On January 7, 2021 Elon's net worth hit $195 billion. Did this woman die because her genitals were cut? (Bezos has now ended that entitlement, despite the virus still raging across the US.). / MoneyWatch. Musk graduated with an undergraduate degree in economics and continued on to earn a second bachelor's degree in physics then pursued a PhD in energy physics. To believe the electric car-maker's worth could rise so rapidly in just 12 months is the ultimate example of irrational exuberance. In 1999 a division of Compaq Computer bought Zip2 for $307 million in cash and $34 million in stock options. 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. Other billionaires are also voicing their anger at the idea. The fundraising round increased SpaceX's private valuation to $46 billion, up from $36 billion. Earlier this month, Tesla announced in a US Securities Exchange Corporation (SEC) filing that it was moving its corporate headquarters to Texas - a plan Mr Musk had hinted at in media interviews for several months, citing unhappiness with the Californian state government laws and criticising the high cost of living in Silicon Valley. It's extremely difficult to say, but I'm going to stick with the generally accepted estimate of $340 billion. Elon Musk's net worth has surpassed $300 billion, making him the first person on the planet to reach that milestone. On January 8, 2021 Elon ended the week with a net worth of $210 billion after starting the week worth $170 billion. Legal Statement. ", My plan is to use the money to get humanity to Mars and preserve the light of consciousness. If Musks wealth was ranked alongside the GDP of every country in the world, he would be the 50th richest country in the world, according to figures from the International Monetary Fund. As of my knowledge cutoff date of September 2021, Elon Musks net worth was estimated to be around $198 billion USD, according to Forbes. 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! That would easily secure his place as the richest human who ever lived. That means Elon Musk is $5 billion (plus $1) away from being the richest person ever. Elon Musk's net worth. "For those wondering, I will pay over $11bn in taxes this year," the billionaire responded. On November 24, 2020 Elon's net worth topped $128 billion for the first time. He dropped out of Stanford University, however, to become a part of the internet boom. In 2020, his net worth was $24.6 billion, landing him in 31st place on Forbes s list of billionaires. Here's the problem with King Solomon: There's actually no factual evidence that he ever existed. 100x Options Profit Calculator CZ has a net worth of $28.2 billion. He takes the top spot from Amazon founder Jeff Bezos, who had held it since 2017. Mr Musk, co-founder of electric car maker Tesla and aerospace manufacturer SpaceX, became the world's richest person earlier this year. He is by far the richest person in the world , topping the #2 person Jeff Bezos by around $140 billion. Dont have vacation homes or yachts or anything like that, he stated in a short Twitter thread republished from 2018. This is the lowest since November 2020. Under current law, a gain is only taxed if it is "realized" when its owner sells the asset and makes a profit. The reason is not what you think. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. Cat-and-mouse chase with China in hotly contested sea, Explore in 3D: The dazzling crown that makes a king. 2023 BBC. Most Facebook users can now claim settlement money. That same month SpaceX raided money at a $100 billion valuation. (Photo by Pascal Le Segretain/Getty Images). 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. That's what all the accounts are trying to communicate.". 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. All rights reserved. October 29, 2021 / 12:09 PM Get browser notifications for breaking news, live events, and exclusive reporting. Or a guy in 2021 who has $300+ billion? 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.". And of course 20 years ago another tech visionary was staring disaster in the face when the dot com bubble burst and big profits seemed a distant dream - but Jeff Bezos went on to make those who bet on Amazon very rich indeed. Musk would be liable for perhaps a one-time $50 billion tax hit under the Democratic proposal. At that point he surpassed Bill Gates to become to the second-richest person in the world for the first time. He is also know for being the CEO and CTO of SpaceX and chairman of SolarCity. Now, if you use an inflation-adjustment calculator with the number $1.5 billion and the approximate year 1935, you land on around $30 billion. When the plan was forged, Tesla was worth around $50 billion. Both CEOs have seen their wealth explode as shares of Amazon and Tesla have surged upward. Musk added $25 billion to his net worth yesterday, bringing his total fortune to $174 billion according to Bloomberg Billionaires Index. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. Musk was worth $302 billion as of Thursday, according to the Bloomberg Billionaires Index. In 2013, he released a concept for a new form of transportation called the Hyperloop, intended for travel at speeds greater than 700 mph to commute between major cities. Mr Musk reacted to the news in signature style, replying to a Twitter user sharing the news with the remark "how strange". Here's how. 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. Who Is Eligible for Pradhan Mantri Rozgar Yojana? In October 2022 Elon acquired Twitter for $44 billion. As of December 29, Musk had a net worth of $277 billion. At that point he surpassed Mark Zuckerberg to become the third-richest person on the planet for the first time. End of twitter post 2 by Elizabeth Warren, How billionaires pay less tax than you. Forget it, he said on Twitter. Twitter co-founder Jack Dorsey once a supporter of Elon Musks $44 billion acquisition of the site is now Physics Wallah Net Worth: From Teacher to Founder Under the plan, tradable assets such as Tesla's stock in a billionaire's portfolio would be valued annually. Mr Musk responded to Senator Warren's tweet, saying he would be paying "more taxes than any American in history this year". 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). 100x Options Profit Calculator CZ has a net worth of $28.2 billion. Elon's 20% stake was worth $70 billion. Powered and implemented by FactSet. If he did not achieve any of the 12 tranches, he would have received zero compensation. 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. In January 2018, the Tesla board unveiled a compensation plan for Musk that would eventually be worth $100 billion. Copyright 2023 CBS Interactive Inc. All rights reserved. 1, with a net worth of $219 billion as of March 11, 2022 Musk was No. A British historian named Ralph Ellis has been studying the legend of King Solomon for over thirty years. Billionaire Elon Musk-owned Twitter is expected to make changes in its privacy policy soon. The lawsuit also revealed that Musk's base salary at Tesla is $56,380. As of this writing, Elon Musk owns 43% of rocket maker SpaceX and 24% of Tesla. : Banks will remain closed for 11 days in May, : Full list of new tax slabs for new income tax regime, Google took action against over 3,500 loan apps in India for violating norms in 2022, Passenger traffic growth highest at Mumbai airport in 2022-23, Indian banking system remained resilient, not adversely impacted by recent global events: Shaktikanta Das, Tax relief on builder-paid rent in redevelopment projects, Wont back predatory pricing, says Piyush Goyal. He was married to Canadian author Justine Wilson from 2000 to 2008. Also known as Musa I of Mali, he was born about 200 years after William the Conqueror's death. 2023 Celebrity Net Worth / All Rights Reserved. Every time we write an article about the richest people of all time, someone chimes in over email to complain that we didn't put King Solomon at #1. The Tesla and SpaceX entrepreneur was pushed into the top slot after Tesla's share price increased on Thursday. 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. But Elon Musks net worth has fallen a lot from the $340 billion peak he reached in November 2021. The affair reportedly led to Sergey filing for divorce from his wife of four years, Nicole Shanahan.

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