Follow this article to know more about Elon Musk’s Net Worth, Earning, Stocks, Complete Information.
At the end of September 2021, Gates’s net worth reached $200 billion following the surge in Tesla shares. In late November of 2021, Elon Musk made a spectacular $30 billion gain to his net worth within days, with Tesla, the electric vehicle company, stock surging to new heights. When Tesla started rising, just like in the bull run in 2020, Elon Musks’ net worth shot up to nearly $158 billion over one year or $432 million daily.
After that, Musk received a tranche each time Tesla increased its market capitalization by $50 billion. In 2016, Musk acquired Musk’s other companies for USD 2.6 billion of stock, including his operations under Tesla Energy. Elon Musk is reported to have sold about 10 million shares of Tesla, valued at about USD 8.5 billion, to increase the funds to buy Twitter.
Gates’s net worth has continued to fall, falling $49 billion since April of this year when Elon Musk officially offered to buy the social media company. In the months since Elon Musk announced his plans to purchase Twitter, Elon Musks’ net worth-which is tied up mostly with shares in Tesla-has dropped by $65 billion. Elon Musk now owns roughly 17 percent of the value of Tesla’s $175 billion stock, the largest chunk of Musk’s wealth.
Elon Musk controls a healthy portion of Teslas’ share price, even after selling nearly $12 billion of shares over the last couple of months, although exercising his extra stock options could leave him holding an even larger stake than he did at its start. With the stock value of SpaceX floating above $100 billion, according to an October financing round, Elon Musks’ 48% stake in the rocket-maker, along with cash and other assets, brings Musk’s wealth to about $266 billion. According to CoinMarketCap, as of June 28, 2022, Tesla’s market capitalization was $724.95 billion, the largest contributing factor to his net worth. Musk’s net worth is exactly $100 billion higher than that of Amazon’s founder on June 22, 2022.
To put that into perspective, Musk’s exact net worth increased by more than the market values of Dell Technologies–$36.41 billion–Deutsche Bank–$21.12 billion, and Sun Life Financial–$27.26 billion–as of June 22, all within one day. The jump was nearly $10 billion over the prior day, thanks to Teslas stock rally Thursday. On July 13, 2020, the first time Elon Musks’ net worth reached $80 billion, $15 billion came from SpaceX, while $65 billion came from Tesla Motors. Topping it all off, Elon Musk is $54 billion shy of Jeff Bezos’s $184 billion net worth, and Elon’s net worth has formally increased by $100 billion since January 1, 2020.
How Tesla Came Into the Picture & Tesla’s Share in Elon Musk’s Net Worth
While Elon Musk was busy Wednesday announcing changes in his political leanings and bashing the Wactivists on Twitter, Tesla’s stock price plunged to its lowest point in a year, wiping out $12.3 billion of his net worth. The plummeting of Hump Day amid Elon Musks’ latest tweetstorm, Elon Musk was furious over Tesla being kicked off the S&P ESG Index, while ExxonMobil, one of the biggest global contributors to global greenhouse gas emissions, was kept on.
On the day that Twitter accepted his offer to buy Twitter, Tesla’s stock dropped an additional 12 percent, with market observers worried that Musk did not have enough cash sitting around to finance a purchase of Twitter and that he was selling off Tesla stock to finance the project (he did, selling off $8.5 billion of it). Tesla shares, which were $998.02 a share the day he announced his plans to buy Twitter, are now $752.29 each.
Surpassing uber-wealthy entrepreneurs such as Bill Gates, Jeff Bezos, Mark Zuckerberg, and Warren Buffett, the Tesla and SpaceX CEO has secured the top slot in Bloomberg 2020 billionaires index, worth $223bn. Elon Musk, the creator of electric car manufacturer Tesla, was crowned the richest man in the world this January. His net worth is pegged at $273.5 billion on the Bloomberg billionaires index, which compares his fortune to the fortune of John D. Rockefeller. Elon Musk wears many hats and is consistently topping up his latest projects, he is currently known as the CEO and Chief Technology Officer at SpaceX, the CEO and Chief Product Architect at Tesla Motors, and the Chairman at SolarCity.
Conclusion
Elon Musk also controls about $50B of unrealized gains on vested options earned through the highly ambitious and generous compensation package agreed to in 2018. He has reportedly promised 11 million shares as collateral for his obligations, which according to documents filed in the defamation suit, include about $500 million in personal debts and bank loans.
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