Elon Musk the world’s richest man, has added more net worth mileage to leave a huge gap between him and Jeff Bezos
Earlier today, a report by Forbes placed Elon Musk’s total net worth at over $400 billion. This makes him the richest billionaire in 40 years.
Elon’s major assets that contributed to his surpassing $400 billion net worth are SpaceX, Tesla, and xAI. In the early hours of Wednesday, Tesla’s stock price rose to $415, taking its market cap to over $1.3 trillion.
To add to that, SpaceX and its investors agreed to buy back insiders’ shares in a deal valuing the rocket company at $350 billion and first reported by Bloomberg. (Source: Forbes).
Musk had this to say on X: “What’s really crazy about this is that almost no investors wanted to sell shares even at a $350B valuation! SpaceX reduced the amount of shares it bought back from employees in order to allow some new investors in.”
Elon Musk’s has a 42% share in SpaceX, a 75% share in X (formerly Twitter), a 54% stake in xAI, and a 13% stake in Tesla.
It looks like Elon Musk may be the world’s richest man for a longer period, as the gap between him and the second richest man, Jeff Bezos, is a teeth-shattering $180 billion.
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