RICHEST MAN IN THE WORLD

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RICHEST MAN IN THE WORLD

Elon Musk

Age: 51

Lives in: Texas

Co-Founder and CEO: Tesla

Net Worth: $203 billion

Tesla Ownership: 15% ($90.6 billion)

Other Assets: Space Exploration Technology (46 billion)

Elon Musk, co-founder and CEO of Tesla, has a net worth of $203 billion.

RICHEST MAN IN THE WORLD

Behind the mask is Bernard A Renault, Chairman and CEO of LVMH.

There are other top billionaires such as India's Gautam Adani, Amazon founder Jeff Bezos and Microsoft's Bill Gates.

2022 richest billionaires included Musk and his LVMH Chairman and CEO Bernard A Renault.

6 out of 10 millionaires made their fortunes through technology. Exceptions are Arnaud, Berkshire Hathaway's Warren Buffett, Adani Group founder Gautam Adani and Reliance His Industries' Mukesh His Am bani.

Mark Zuckerberg of

Meta is in his February 2022 Top 10.

He is from South Africa and after attending college in Canada, he transferred to the University of Pennsylvania, where he earned a BA in Physics and Economics. Two days after entering the physics graduate school at Stanford University, Musk postponed his visit to launch one of the first online navigation services, Zipped2.

He reinvested some of his earnings from this startup to create X.

. An online payment system that was sold to eBay (EBAY) and eventually he became PayPal Holdings (PY PAL).

RICHEST MAN IN THE WORLD

In 2004, Musk became a major supporter of Tesla Motors (now Tesla), leading to his current position as CEO of the electric car company.

44 44 In addition to its line of electric vehicles, Tesla also manufactures energy storage devices, automotive accessories and solar systems through his 2016 acquisition of SolarCity.

Musk is also his CEO and chief his engineer at Space Exploration Technologies (SpaceX), which develops rockets for space launches.

In 2020, Tesla shares rose 740% of his stock, propelling Musk up the wealth ladder. In December 2020, Tesla joined his S&P 500, becoming the largest company added. In January 2021, Musk became the richest person in the world, a position he has held ever since.

On November 6, 2021, Musk asked an audience on Twitter (TWTR) if he should sell his 10% stake in Tesla.

For the rest of 2021, he sold his $16.4 billion worth of stock.

Democratic Senator Elizabeth Warren of Massachusetts cited media reports that Musk did not pay his 2018 income tax in favor of a wealth tax.

RICHEST MAN IN THE WORLD

Tesla stock in 2021

Musk's lead on the global asset list continued to grow thanks to growth and private deals that boosted SpaceX's reported valuation.

His net worth reached $340 billion in November 2021. .

In April 2022, Musk launched his own campaign to privatize his Twitter, leading to a $44 billion acquisition. Musk planned to fund the deal with his $21 billion of his stock. Before announcing the buyback, Musk sold 9.6 million shares of Tesla stock worth about $8.5 billion.

In July 2022, Musk decided to abandon the acquisition of Twitter. Twitter sued Musk to force the acquisition. Musk filed a lawsuit against the company, but in the end he changed his mind saying he was ready to buy Twitter. The transaction will formally close in October 2022, giving the company his nearly 80% stake in the company.