Elon Musk's Fortune Surpasses $500 Billion, Making Him World's Richest Person
Elon Musk, the visionary entrepreneur, has seen his fortune soar to unprecedented heights. The 51-year-old's wealth has surpassed $500 billion, according to Forbes, making him the richest person in the world. This remarkable feat is a testament to the success of his innovative ventures, primarily Tesla and SpaceX.
Musk's journey to this milestone began in December 2021 when he first crossed the $400 billion mark. His wealth has since grown exponentially, with investors betting on Tesla stock's potential benefits from his proximity to then-US President Donald Trump. However, Musk's relationship with Trump was not always smooth sailing. Tensions led to temporary stock price drops for Tesla, but Musk has since reassured investors with plans for robotaxis and robots, further boosting his fortune.
Forbes estimated Musk's net worth to be approximately $151 billion in 2021. However, his wealth is an estimate due to many of his companies not being publicly traded. Despite this uncertainty, Musk's estimated fortune has continued to rise, placing him approximately $150 billion ahead of Larry Ellison, the second wealthiest person.
Elon Musk's wealth primarily comes from his shares in Tesla and SpaceX. His other companies include X, an online platform; xAI, an AI developer; and Neuralink, working on brain implants. With his innovative spirit and ambitious plans, Musk's influence on the global economy and technological advancements is undeniable. As his wealth continues to grow, so too does his impact on the world.
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