Elon Musk is the first person in the world to own a fortune exceeding 300 billion USD. According to an update on Bloomberg’s rankings, Elon Musk’s fortune officially surpassed the $300 billion mark. Tesla CEO Elon Musk currently owns 302 billion USD, is the richest person on the planet and also the only billionaire in the world to own this amount of wealth.
Musk’s fortune began to rise sharply earlier this week as Tesla shares rallied following the sale of 100,000 vehicles to car rental company Hertz Global Holdings. Tesla also officially joined the trillion dollar club. Musk has added $132 billion this year, thanks to the strong performance of Tesla stock as well as a recent share sale in SpaceX, valuing the company at $100 billion. The SpaceX deal added $11 billion to Musk’s net worth, according to Bloomberg.
Morgan Stanley analyst Adam Jonas predicts Tesla CEO to be the first person in the world to own a fortune of $1 trillion. Jonas thinks that SpaceX, not the electric car maker, will get Musk to this position.
Mr. Elon Musk was born on June 28, 1971 in Pretoria, South Africa. His mother is Canadian, his father is South African, when he was growing up, his parents divorced. In 1988 he moved to Canada and then to the US to study.
He graduated with a bachelor’s degree in economics and physics in the US and studied for a doctorate in materials science and applied physics at Stanford University, but dropped out to join his brother Kimbal Musk to develop Zip2, an application for permission to publish online content for news agencies.
In 1999, he made $22 million from the sale of Zip2. In the following years, Elon Musk has founded 3 companies representing his 3 “dreams”: PayPal – in the field of Internet, Tesla Motors – in the field of clean energy, and SpaceX – in the field of aerospace pillar. Elon Musk is the CEO of Tesla and the spaceship company SpaceX. In 2008, SpaceX launched the first satellite into space. In 2010, Tesla first listed on the NASDAQ stock exchange in the US.
In 2002, by selling PayPal to the e-commerce company eBay, he made $165 million.
Elon Musk first entered the Forbes billionaires list in 2012, when his total net worth was $2 billion. At the beginning of 2020, his fortune is about 27 billion USD.