HomeAMERICASElon Musk net worth- The 10 Richest People in the World

Elon Musk net worth- The 10 Richest People in the World

Elon Musk net worth- Billionaires play an outsized role in shaping the global economy, politics, and philanthropy. Forbes puts the number of billionaires in the world at 2,755. The wealthiest among them belong to an even more exclusive club and wield still more power. Many of these billionaires are founders of technology giants, with much of their wealth still invested in the companies they started

They can, however, still borrow against that wealth to avoid selling stock, deferring (or eliminating for heirs) taxes on unrealized capital gains in the process.3 Multi-billionaires can also take advantage of a panoply of tax deductions to offset reported income, leaving some on this list paying no income tax in recent years.4

With so much of their wealth in publicly traded stocks(Elon Musk net worth), the net worth of the richest can fluctuate with market valuations. For example, Elon Musk, founder and CEO of Tesla Inc. (TSLA) and the richest person in the world saw his net worth surge in 2021 thanks to the increase in the share price of Tesla (where he currently owns 17% of the company)—with Tesla shares rising nearly 50% in 2021.516

In contrast, Meta Platforms Inc. (FB) founder and CEO Mark Zuckerberg fell out of the top 10 in February 2022, when Meta’s share price plunged after a disappointing earnings report. Zuckerberg’s net worth is down $40 billion in 2022.71

Below are the 10 wealthiest people on the planet as of the same date, according to the Bloomberg Billionaires Index.

KEY TAKEAWAYS- Elon Musk net worth

  • Elon Musk, the co-founder and CEO of Tesla(Elon Musk net worth), is the richest person in the world with a net worth of $273 billion.
  • Behind Musk is the founder of Amazon, Jeff Bezos, with an estimated net worth of $188 billion.
  • Billionaires with the largest increases in their wealth in 2021 included Musk, LVMH Chair and CEO Bernard Arnault, Google co-founder Larry Page, and L’Oreal heir Francoise Bettencourt Meyers.
  • Seven of the top 10 billionaires made their fortunes in technology, with Arnault, Berkshire Hathaway’s Warren Buffett, and Adani Group founder Gautam Adani the exceptions.1

Elon Musk

  • Age: 50
  • Residence: Texas
  • Co-founder and CEO: Tesla
  • Net Worth: 26,510 crores USD
  • Tesla Ownership Stake: 17% ($187 billion)
  • Other Assets: Space Exploration Technologies(Elon Musk net worth) ($40.3 billion private asset), $5.7 billion in cash896

Elon Musk was born in South Africa and attended a university in Canada before transferring to the University of Pennsylvania, where he earned bachelor’s degrees in physics and economics. Two days after enrolling in a graduate physics program at Stanford University, Musk deferred attendance to launch Zip2, one of the earliest online navigation services. He reinvested a portion of the proceeds from this startup to create X.com, the online payment system that was sold to eBay Inc. (EBAY) and ultimately became PayPal Holdings Inc. (PYPL).10

In 2004, Musk became a major funder of Tesla Motors (now Tesla), which led to his current position as CEO of the electric vehicle company.11 In addition to its line of electric automobiles, Tesla also produces energy(Elon Musk net worth) storage devices, automobile accessories, and, through its acquisition of SolarCity in 2016, solar power systems.12 Musk is also CEO and chief engineer of Space Exploration Technologies (SpaceX), a developer of space launch rockets.10

In 2020, Tesla shares soared 740% to propel Musk to push Muck up the wealth rankings. In December 2020, Tesla joined the S&P 500, becoming the largest company added. In January 2021, Musk became the richest person in the world (a title he’s held since).613

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