100x Options Profit Calculator Read Next: Elon Musk's Net Worth Plummets $13B In A Day As Tesla Stock Slides. Today you can find estimates that peg Rockefeller's inflation-adjusted net worth as high as $400 billion. Elon Musk was born June 28, 1971 in Pretoria, South Africa. A different British historian, named Kenneth Kitchen, does believe Solomon existed. He holds the record for being the richest person in the world and the richest person in modern history. At some point in late 2021 Elon ALSO welcomed a set of twins, born to one of his Neuralink executives. 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. As of December 29, Musk had a net worth of $277 billion. On July 13, 2020 when Elon's net worth hit $80 billion for the 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. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. Most populous nation: Should India rejoice or panic? Elon Musk has achieved what many dream of - making billions. 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. At that point he surpassed Mark Zuckerberg to become the third-richest person on the planet for the first time. In 1999, Elon and Kimbal Musk used the money from their sale of Zip2 to found X.com, an online financial services/payments company. to learn digital transformation! At a valuation of $46 billion, Elon's 48% stake adds $22 billion in pre-tax wealth to Elon's net worth. All net worths are calculated using data drawn from public sources. Mr Bezos has also seen his fortunes rise over the past year. If he did not achieve any of the 12 tranches, he would have received zero compensation. The reason is not what you think. Please enable Javascript or try a different browser. Bloomberg Billionaires Index puts his wealth at $243bn, while Tesla is worth around $1tn and SpaceX is worth $100bn. Below are the 10 richest people in the world, according to the Bloomberg Billionaires Index. It's extremely difficult to say, but I'm going to stick with the generally accepted estimate of $340 billion. Here's the problem with King Solomon: There's actually no factual evidence that he ever existed. More than 100 police hurt in French May Day protests, Fighter jets are roaring over my home in Sudan, JP Morgan snaps up troubled US bank First Republic. 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). You should ask why I would want money. A year ago, his total net worth peaked at $340 billion. Mr Bezos is also using his personal wealth to fund space exploration, The secret mine that hid the Nazis' stolen treasure. In October 2021 when Tesla's market cap topped $1 trillion and SpaceX's valuation was $100 billion, Elon's net worth was $300 billion. Calculate Now. First, in mid-August Tesla shares hit an all-time high of $1,900. Video, 00:03:45, The secret mine that hid the Nazis' stolen treasure. Oh, and that time we learned that Zuckerberg takes about two minutes to earn the average US yearly wage? 1, with a net worth of $219 billion as of March 11, 2022 Musk was No. 2023 BBC. 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. We can all understand how eager he must be to continue his work (particularly his pressing mission to, er, colonize Mars) but a global pandemic feels like a good moment for pause. At his peak, Musk was worth $340 billion, according to the Bloomberg Billionaires Index. True to his word, he proceeded to sell off each home. That's 1,000 years before Jesus walked the earth. 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. 100x Options Profit Calculator CZ has a net worth of $28.2 billion. Here's how. According to the Bloomberg Billionaires Index, Musk added $121 billion to his net worth in 2021, becoming the world's richest man who briefly saw his net worth cross $300 billion. Join thought-provoking conversations, follow other Independent readers and see their replies. Elon previously owned $100 million worth of real estate in California alone. 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. The Tesla and SpaceX entrepreneur was pushed into the top slot after On November 1st, 2021, when Tesla's market cap topped $1.2 trillion, Elon Musk's net worth was $335 billion. 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? Musk's net worth is currently at $178.6 billion. According to the latest Forbes billionaires list, Musk is the new No. Not surprisingly, Musk and other billionaires are voicing their displeasure with the proposed tax. Kimbal Musk net worth: Kimbal Musk is a South African restauranteur, chef, and entrepreneur who has a net worth of $500 million. 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 A very impressive fortune no doubt, but clearly not enough to make him the richest human being of all time. Kitchen calculates that Solomon might have accumulated an inflation-adjusted fortune of $20 billion. Who is Elon Musk? Elon Musk, the founder and CEO of the company, currently has a net worth estimated at $300bn, which makes him the richest person in the world. BBC business reporter, New York Elon Musk, the world's richest person, has tweeted he will pay $11bn (8.3bn) in tax for this year. How did Elon Musk make his money? Musk began investing in space travel in 2001 when he tried to buy Russian ballistic missiles that he hoped could send payloads into space. Instead, he set out to build his own rockets through his firm SpaceX. When he was 12 he made his first software salea game he created called Blaster. All Rights Reserved. The brothers sold Zip2 to Compaq in 1999 for $307 million in cash and $34 million in stock. And for what it's worth not that I like referring to them but Forbes has already declared Elon as the richest person in history. Elon Musk is a South African-born Canadian-American businessman, inventor and investor who has a net worth of $164 billion. 2023 Celebrity Net Worth / All Rights Reserved. The secret mine that hid the Nazis' stolen treasure. That makes the car company worth more than Toyota, Volkswagen, Hyundai, GM and Ford combined. 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. Read about our approach to external linking. 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. News provided by The Associated Press. In July 2022 it was reported that Elon Musk had an affair in December 2021 with the wife of Google co-founder Sergey Brin. Its a stark reversal from last Explore in 3D: The dazzling crown that makes a king. 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. He has since sold off most of his homes and re-paid this mortgage debt. In October 2022 Elon acquired Twitter for $44 billion. 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. See Musk's earnings in real time and how his salary stacks up against other automotive and business heavyweights. This is the lowest since November 2020. Who Is Eligible for Pradhan Mantri Rozgar Yojana? Relative Value Elon Musk's net worth of $165B can buy 0 troy ounces of gold 0 barrels of crude oil and is equivalent to 0% of the GDP of the United States Elon along with Ian Wright and J.B. Straubel were the company's first employees and retroactively named co-founders. Musk's first company, Zip2 Corporation, was an online city guide. 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? Next was Tesla Motors, an automobile company dedicated to producing affordable, mass-market electric cars. We will be keeping an eye on Elon's fortune and we'll let you know if he officially becomes the richest person of all time! 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. 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. Jack Dorsey rues Elon Musk deal, says it all went south Bloomberg / Apr 30, 2023, 08:17 IST Share Twitter co-founder Jack Dorsey once a supporter of Elon Musk s $44 billion acquisition of the site is now offering sharp criticism of the new owner and his handling of the deal. Mr Musk, co-founder of electric car maker Tesla and aerospace manufacturer SpaceX, became the world's richest person earlier this year. 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. But Elon Musks net worth has fallen a lot from the $340 billion peak he reached in November 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 Elon hit every single milestone and therefore qualified to receive all $100 billion from the bonus plan. The BBC is not responsible for the content of external sites. 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. 2 on the list in 2021, behind Bezos. ET "My plan," the SpaceX founder tweeted Thursday about his fortune, "is to use the money to get humanity to Mars and preserve the light of consciousness. He instead has a highly unusual and extremely lucrative bonus plan tied to the company's market cap milestones. With a stake in the company taken by Daimler and a strategic partnership with Toyota, Tesla Motors launched its initial public offering in June 2010, raising $226 million. If Elon cashed out all of his stocks & assets today he would have approximately $217,000,000,000 (US Dollars) in his bank account. In 2020, his net worth was $24.6 billion, landing him in 31st place on Forbes s list of billionaires. If you re-calculate Rockefeller's net worth taking into account his wealth as a percentage of American GDP plus various other factors (like being on the gold standard at the time), it's not unscientific to drastically boost Rockefeller's estimated present net worth equivalent. At the second place, Amazon founder Jeff Bezos, however, did not add much to his net worth. A recent rise in Tesla's stock price has pushed Musk's net worth into the stratosphere. He ended 2020 with a net worth of $170 billion. : How to Check Your PAN Aadhaar Link Status Online? VideoThe secret mine that hid the Nazis' stolen treasure, LGBT troops take love for Eurovision to front line. Powered and implemented by FactSet. Tesla was founded in 2003 by Martin Eberhard and Marc Tarpenning. An X.com acquisition the following year led to the creation of PayPal, as it is known today, and in 2002 PayPal was acquired by eBay for $1.5 billion in stock. Want to bookmark your favourite articles and stories to read or reference later? Also known as Musa I of Mali, he was born about 200 years after William the Conqueror's death. Read about our approach to external linking. Read about our approach to external linking. 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. 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. Elon Musk's net worth. He has also been romantically involved with actress Amber Heard and Canadian musician Grimes. 2023 BBC. The tool uses Forbes and Americans for Tax Fairness (ATF) data to work out how In addition, the threat of regulation has meant Amazon's stock has not risen as high as it might otherwise have done. Or a guy in 2021 who has $300+ billion? 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. On Monday alone, Musk lost $8.6 billion as Tesla shares plunged 6.8% to $167.87 in New York trading. 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! Most populous nation: Should India rejoice or panic? Today, they are worth close to $900. (modern). While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. He bought this house for $23.364 million in 2017. If some of Congress' more radical measures were enacted, that would have had a big impact on Mr Musk's tax liabilities, Mr Willens added. Tech Tent: Is Tesla really worth $500 billion? However, CZ himself dismissed these figures in a tweet on Thursday by writing Numbers all wrong. Musk would be liable for perhaps a one-time $50 billion tax hit under the Democratic proposal. 2018 Herald International Research Journals. As of my knowledge cutoff date of September 2021, Elon Musks net worth was estimated to be around $198 billion USD, according to Forbes. At age 17, in 1989, he moved to Canada to attend Queen's University, but left in 1992 to study business and physics at the University of Pennsylvania. Video, The secret mine that hid the Nazis' stolen treasure, Elon Musk's six secrets to business success, Trump mistrial request denied in NY rape lawsuit, MasterChef Australia host Jock Zonfrillo dies, DeSantis-backed board votes to countersue Disney, Explosion derails train in Russian border region, US rock band Aerosmith announce farewell tour, Russia launches missile attacks on Ukraine, Father tells how gunman opened fire on Texas home, Street piano confiscated as public 'break rules', NFL player's daughter, aged two, drowns in pool. From that point on, Elon received another of the tranches every time the company increases in market cap by $50 billion. Imagine as much gold as you think a human being could possess and double it. Coronavirus has widened America's vast racial wealth gap, study finds, Original reporting and incisive analysis, direct from the Guardian every morning, 2023 Guardian News & Media Limited or its affiliated companies. ET First Published: April 21, 2023 at 5:03 a.m. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. Did this woman die because her genitals were cut? By 2008, SpaceX was well-established and NASA awarded the company the contract to handle cargo transport for the International Space Stationwith plans for astronaut transport in the future. 2021 CBS Interactive Inc. All Rights Reserved. Instead, they hold their wealth in shares and other investments, then take out loans using those assets as collateral. Read Next: Elon Musk's Net Worth Plummets $13B In A Day As Tesla Stock Slides Photo: Shutterstock Rejuvenate Your Portfolio With Options! To believe the electric car-maker's worth could rise so rapidly in just 12 months is the ultimate example of irrational exuberance. Elon Musk's net worth has surpassed $300 billion, making him the first person on the planet to reach that milestone. 100x Options Profit Calculator CZ has a net worth of $28.2 billion. Read about our approach to external linking. On November 17, 2020 Elon's net worth topped $100 billion for the first time. 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. As of At the time of the lawsuit Musk had $500 million worth of debt with the majority owed to Morgan Stanley and Goldman Sachs. When he became the 10th emperor of Mali, Mansa Musa proceeded to establish the world's most-lucrative salt and gold production systems. Did this woman die because her genitals were cut? Some lawmakers want to tax it. He is by far the richest person in the world, topping the #2 person Jeff Bezos by around $140 billion. 2023 Celebrity Net Worth / All Rights Reserved. In 2020 Elon stunned the world by announcing his intention to sell all of his worldly possessions, starting with his LA homes. Start your Independent Premium subscription today. Cat-and-mouse chase with China in hotly contested sea, Explore in 3D: The dazzling crown that makes a king. However, he gave a 4% stake in the business to his ex-wife MacKenzie Scott after they split, which helped Mr Musk overtake him. One of the biggest companies couldnt afford to keep it up? Oneto said. Market data provided by ICE Data Services. It's equally difficult to adjust that fortune to a modern equivalent. Elon Musk sells another $3.58 bn worth of Tesla stock, purpose unknown Live Updates Stocks to Watch Latest News Live Updates Kochi Water Metro Covid-19 Cases Update Heatwaves in India HUL Q4 Net Profit Gold Very little time for recreation. They share five sons. 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. 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. The affair reportedly led to Sergey filing for divorce from his wife of four years, Nicole Shanahan. Mind you, his many fans will point out that the somewhat eccentric tycoon has constantly confounded the sceptics who bet that he would go bust. As for Elon Musk, he could pay my monthly rent after less than 30 minutes of work which makes you wonder why he violated Californias stay-at-home order to keep Teslas factory open, and why he sued local authorities after he was forced to shut it. Tech moguls are now so rich that its not unusual to see shocking comparisons that demonstrate exactly how egregious their salaries are. 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.". An older tweet pinned to the top of his feed offered further insight into his thoughts on personal wealth. Shares related to this plan are released quarterly after the Board of Directors confirms the milestone was achieved. Elon Musk has become the world's richest person, as his net worth crossed $185bn (136bn). WebSpend Elon Musk's Fortune! Musk added $25 billion to his net worth yesterday, bringing his total fortune to $174 billion according to Bloomberg Billionaires Index. What happens to First Republic Bank's stock and deposits now? Calculated in another way, if Musks net worth was distributed evenly among all 328 million citizens in the US, each person would receive roughly $600 the same amount the US government handed out as a stimulus check during the pandemic. 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