Posted on 10/17/2021 2:31:04 AM PDT by SmokingJoe
© Provided by Benzinga The world’s richest man keeps getting richer. This week, Tesla Inc (NASDAQ: TSLA) CEO Elon Musk passed another significant milestone with a wealth greater than two executives who once topped the list.
What Happened: Musk is worth $236 billion, according to the Bloomberg Billionaires Index. That total puts Musk ahead of Amazon.com Inc (NASDAQ: AMZN) founder Jeff Bezos, who Musk superseded in January. Bezos topped the list from 2017 to 2021.
More impressive, Musk is now worth more than Microsoft Corporation (NASDAQ: MSFT) co-founder Bill Gates and Berkshire Hathaway (NYSE: BRKA)(NYSE: BRKB) founder Warren Buffett combined.
Gates ranks fourth on the list with a wealth of $130 billion and Buffett comes in tenth with $103 billion. Gates has lost $1.3 billion in wealth year-to-date, and Buffett has added $15.7 billion year-to-date.
Musk has added $66.5 billion to his wealth this year, according to Bloomberg. The total added to Musk’s wealth would come in at 16th place on the billionaires list, a staggering figure of how much value Musk added to date in 2021.
Tesla shares closed at $843.03 on Friday, hitting levels last seen in February. Tesla shares are up 12% over the last month and up 20% year-to-date.
Musk’s space company SpaceX increased its valuation recently to more than $100 billion thanks to a private sale. The valuation increase added $11 billion to Musk’s wealth, according to Bloomberg.
Related Link: 5 Things You Might Not Know About Elon Musk
Why It’s Important: Musk hasn’t shied away from celebrating his name topping the billionaires list. Musk tweeted a silver medal emoji to Bezos earlier this month.
(Excerpt) Read more at msn.com ...
LOL, Musk got out lucky so far with Grimes.
He’s an incredible man. Doing a lot of good for our nation and the world.
His big mistake was having a kid with her, financially at least. There really should be a $25b or so limit on marriage/custody battles in general. That’s insanely more than enough to raise generations.
Musk seems like the kind of guy that just wants to do what’s best for the word, especially with SpaceX and Mars ambitions. I’d hate to see Grimes take a chunk of that away.
He wanted to have another child so good luck to him (6 altogether now with one passed on).
If you can’t have children when you want with $200 Billion net worth when can you have children then?
$25 Billion?
Not a chance.
Yes, he’s a true goofy guy when it comes to kids. But then again, aren’t most super-geniuses?
I can’t fathom how one person can accumulate $236 billion,
By forward thinking, marketing, and being the best in class among many markets.
IMO he’s earned it very well. Bezos also ‘earned it’, but Musk is way beyond.
I want ELON to find a partner in ONLINE EDUCATION for the kids.
Give the kids a discount on STARLINK & stop the nonsense the teacher’s unions are shoving at our kids.
He didn't. He owns stock in companies and he owns privately held companies with a theoretical value of $236 B.
The theoretical value is found by taking the last price of the shares of a company and multiplying by the number of shares he owns. If he were to sell all of his holdings at once the actual price he would get would be substantially less.
He is still immensely wealthy, but not quite as wealthy as claimed.
When SkyNet rolls out in full measure across the globe, Musk could be worth $500 BILLION. Imagine if he decided to toss some money against anti-freedom candidates and campaigns.
Skynet = STARLINK
I just don’t know about this obsession with going to Mars. I can’t see a realistic possibility of creating any type of viable working/living situation on the red planet.
The estranged children of the rich can never take half like a ex-spouse can.
Liftoff: Elon Musk and the Desperate Early Days That Launched SpaceX
5.0 out of 5 stars No hype, only an awesome story
Reviewed in the United States on March 2, 2021
Verified Purchase
I finished the book almost in one setting. It is a worthy companion to the best of any from the Apollo Era. The author tells the story exactly as it was with out any of the hype but all of the emotional gutwrenching trials, failures and amazing highs of successes that happened in the early days of SpaceX. It really seeks to tell the whole story of SpaceX, Elon included, but not the whole focus. If you are at all interested in space, industry disruption or understanding how what makes SpaceX so unique and hard to replicate, this is the book to read.
This a great book Musk is all hands on guy....and not afraid to lean what he does not know
Ok. Hope he spends time with his 7 kids. Don’t want the kids later saying : My inheritance for a day with my father.
6 kids.
The first boy passed. Then he had triplets then twins with his first wife. Plus the last child with Grimes with the funny name.
He did it by taking risks. He sunk his money into his companies to keep them afloat, at least a couple times he spent every cent he had to keep them from bankruptcy and slept on factory floors. He could have kept his millions and let SpaceX and Tesla go bankrupt.
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