With a fortune of £225 billion, Elon Musk extends his lead as the world’s richest man.
ELON MUSK has increased his lead as the world’s richest man, with a fortune of £225 billion.
His fortune has risen by £24 billion as a result of his Tesla shares and stocks.
The recent increase widens the gap between him and the next richest man, Jeff Bezos of Amazon.
Despite leading one of the world’s wealthiest and most successful online shopping outlets and funding the Blue Origin project, which competes directly with Mr Musk’s SpaceX, Mr Bezos’ wealth stands at a “mere” £143 billion.
Tesla’s stock price soared after the company announced it had delivered more than 936,000 cars in 2021, according to Forbes.
Mr Musk now owns just over 15% of the car-making company’s stock, exceeding analysts’ expectations and propelling him further up the rich list.
He also owns a private space company and is planning to build a global internet solution and an underground tunneling system, so he has a lot of pie to eat.
According to some reports, Elon Musk could become the world’s first trillionaire. His satellite-delivered global internet system, Starlink, could be the key to his success.
With SpaceX breaking its own record for the number of rocket launches in a calendar year in 2021, Mr Musk now controls more than a third of all active satellites in orbit.
According to a Morgan Stanley report from October, Starlink has the potential to make the world’s richest man even wealthier.
The private SpaceX was valued at (dollar)100 billion in the report, owing to innovations within Starlink.
“We have long seen SpaceX as multiple companies in one,” Morgan Stanley wrote, “but the Starlink LEO sat comms business, which has had a number of important milestones in recent months, is the largest contributor to our estimated (dollar)100 billion base case valuation for the company ((dollar)200 billion bull case.”
Despite Musk’s protestations that he does not want to be labeled a billionaire and that he has sold all of his material possessions, it appears that he will continue to lead the rich list for a long time.
In fact, it only takes Elon 1 minute and 47 seconds to earn the same amount of money as the average UK worker in a year.
Bloomberg has compiled a current list of the world’s wealthiest people.
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