Tesla CEO Elon Musk’s internet price reached a document excessive of $500 billion on Tuesday, changing into the primary individual in historical past to attain such wealth, in line with the Bloomberg Billionaires Index.
Tesla CEO Elon Musk’s internet price reached a document excessive of $500 billion on Tuesday.(REUTERS)
Musk is the CEO of Tesla, the world’s most dear carmaker, which sells electrical automobiles and photo voltaic batteries. He additionally leads SpaceX, a rocket producer contracted by NASA to resupply the house station, and owns X, the social media platform previously Twitter. Moreover, Musk heads different ventures like Neuralink, xAI, and the Boring Firm.
Earlier, on December 11, CNN reported that Musk’s internet price had reached $400 billion, making him the primary to surpass that milestone.
Musk’s holdings in Tesla and his different corporations
Bloomberg reported that Elon Musk owns roughly 13% of Tesla, citing the corporate’s 2024 proxy assertion. He additionally holds round 304 million exercisable inventory choices from his 2018 compensation package deal. SpaceX, valued at almost $350 billion in a December 2024 tender supply, has Musk proudly owning about 42% via a belief, in line with a December 2022 FCC submitting and Bloomberg’s dilution calculations.
Musk is estimated to personal 79% of X Corp, beforehand Twitter, after buying it for $44 billion in 2022. The corporate’s worth has since dropped by about 72%, based mostly on the carrying worth assigned by Constancy Blue Chip Development Fund of their October 2024 submitting.
Musk, who has expressed plans to retire on Mars, grew to become a member of Warren Buffett’s Giving Pledge in April 2012.
Tesla grew to become the world’s most dear carmaker in July 2020, and Musk’s wealth soared, making him the world’s richest individual by January 2021. In October 2021, he introduced Tesla’s headquarters would relocate from Palo Alto, California, to Austin, Texas.
In April 2022, Musk made a suggestion to purchase Twitter for $44 billion after buying a stake within the firm. After months of trying to again out, he accomplished the acquisition in October 2022 and rebranded the corporate as X Corp. in April 2023.