Celebrity Silicon Valley entrepreneur (Elon Musk) net worth surpassed $ 100 billion on Friday, according to Forbes' real-time billionaires list, as electric car maker Tesla shares more than fivefold in value this year.
And according to Forbes, a large portion of his fortune comes from Musk's 21% stake in Tesla. Tesla shares, which went public at $ 17 a share in 2010, rose 3.5% in morning trade to a record high of $ 2,318.49.
On July 1, Tesla became the most valuable automaker in the world by market value when it overtook Toyota Motor Corporation, and over the past ten years, it has made many individual investors millionaires.
Musk is now part of the Elite Club of only four others with a twelve-digit net worth. However, Musk's fortune of $ 100 billion equals about half the net worth of the world's richest man, CEO of Amazon (Jeff Bezos), which recently reached more than $ 200 billion, according to Forbes magazine.
Musk, who co-founded and sold online payment company PayPal, now leads some of the world's most futuristic businesses. Besides Tesla, Musk heads SpaceX and Neuralink, an emerging company that is developing high-bandwidth automated interfaces and interfaces to connect the human brain to computers.
And he also created Boring Company that is building affordable tunnels down busy city streets for an all-electric public transportation system to avoid bad traffic jams in American cities.
Post a Comment
0 Comments