Elon Musk Net Worth 2022 Latest Update

Elon Musk is one of the billionaires who has been on the news all over the place for the past few years. This tech guy has become the wealthiest person in the world because of his greatest achievements that gave him his popularity.

He has continued to progress with his work, and due to his major companies like Tesla and SpaceX, he is moving ahead even faster than anyone ever had in the past few years. Elon Musk net worth is in the billions crossing some top billionaires like Jeff Bezos and Bernard Arnault.

Elon Musk Personal Information

  • Name: Elon Reeve Musk
  • Age: 50
  • From: Texas
  • Net Worth: $273 billion
  • Tesla Ownership Stake: 17 percent ($187 billion)
  • Job/Role: Tesla Co-Founder and CEO
  • Other Assets: Space Exploration Technologies, a private asset worth $40.3 billion.

Elon Musk Net Worth 2022

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Elon Musk Net Worth

According to Forbes’ real-time rankings of the world’s wealthiest individuals, Elon Musk’s (TSLA) and SpaceX CEO’s net worth has risen to about $300 billion. That puts Musk, 50, ahead of Jeff Bezos, the CEO of Amazon and owner of Elon’s space rival Blue Origin, by more than $100 billion.

Elon Musk’s net worth will have surpassed $340 billion by the end of November 2021, a 60 percent gain over the previous year.

Other Achievements of Elon Musk

The list of accolades doesn’t end there. Musk, the biggest committee member of Twitter (TWTR), is worth more than twice as much as Warren Buffett, the famed entrepreneur and CEO of Berkshire Hathaway (BRKB), who began investing at the age of 11 in 1941.

Elon Musk’s Quick Facts

  • After a fundraising round in February 2021, Elon’s rocket firm, SpaceX, is valued at $74 billion.
  • In early April 2022, a company statement showed that Musk had bought 9.2 percent of Twitter. The following day, he was encouraged to join the company’s board of directors.
  • Elon Musk owns 21% of Tesla but has promised more than half of his stake as security for loans; Forbes has marked down his shareholding to take full responsibility for the debts.
  • Elon’s fortune surpasses that of current Microsoft CEOs Bill Gates, Larry Page, and Sergey Brin, as well as Steve Ballmer.
  • With his electric vehicle firm Tesla and his rocket company SpaceX, Elon Musk is seeking to revolutionize transport on Earth and in space.
  • His net worth is greater than Colombia’s GDP, Finland, Pakistan, Chile, and Portugal’s GDP combined.
  • He could spend more than $112 billion for all 32 National Football League franchises and still have about $190 billion left over, according to the statistics portal Sportico.
  • According to the World Bank, Elon is only approximately $35 billion less valuable than his home country of South Africa, which has a GDP of $335 billion.

Elon Musk Background

Elon took birth South Africa. He had his childhood spent their but at the age of 17, he moved along with his family to Canada. He attended a Canadian institution before moving to the University of Pennsylvania.

There he had studied in his subject of interests, physics and economics. Then, later on, he moved to United States as a permanent resident.

Elon dropped out of Stanford University’s graduate physics program two days later to establish Zip2, one of the first internet navigation services. He used a portion of the earnings from this venture to launch X.com, an online payment system that was later acquired by eBay Inc.

Elon became a big stakeholder by investing in Tesla, in 2004. With his performance, he led to his position as the CEO of Tesla company with his efforts. Elon is the founder of Space Exploration Technologies (SpaceX) company and he remains its CEO for now.

He became the globe’s wealthiest person the previous year in January 2021. Elon asked his Twitter followers on Nov. 6, 2021, if he would ever sell 10% of his Tesla shares, framing the question as a reaction to criticism of unrecognized capital gains as a way to evade taxes.

14 Over the course of the rest of 2021, he sold shares worth $16.4 billion. Musk’s lead in the worldwide wealth rankings has continued to increase, thanks to a jump in Tesla shares in 2021 and private deals that boosted the reported worth of SpaceX.

By the end of November 2021, Elon’s net worth has exceeded about $340 billion, which is an increase of 60% in his worth by the last year.

Conclusion

This was a discussion about the Net Worth of the wealthiest person on the planet right now (Elon Musk). We shared some information on the background of the world’s richest man, along with how he progressed in his life with some of his biggest projects.

FAQ’s

Who is Elon Musk?

Elon Musk is one of the billionaires who became the wealthiest person in the world because of his major work in the tech industry. His greatest achievements with his projects like Tesla and SpaceX gave him popularity.

For real-time rankings of the world’s wealthiest individuals, Elon Musk’s position as CEO in his major projects made his net worth risen to about $300 billion. This net worth has exceeded $340 billion last year, which is an increase of 60% in his worth by the last year.

How many shares does Elon Musk have in TESLA?

Elon Musk owns 21% of Tesla but has promised more than half of his stake as security for loans; Forbes has marked down his shareholding to take full responsibility for the debts.

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