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THE JOURNEY?
Elon Musk adds 100 dollars Billion and became the 2nd richest man with 127.9$ billion, then the question will be who is the first richest man in the world? It’s Amazon.com founder Jeff Bezos with 182.4 Billion Dollars and 3rd comes Bill gates with 127.7 Billion $. This happened because of a sudden rise in Tesla’s share price.
Elon was at 35th Rank as per the Bloomberg Billionaires index on the world’s 500 richest people which was evaluated in January 2020. Also for a note, it’s the first time Bill gates moves to the 3rd ranking.
Elon Musk Net-worth in 2019?
Elon’s net worth was $70B in 2019 by surpassing the warren buffet, whereas on 18th Aug he was having $84.8 billion it was an increase of 220% of the income from then. In 2018 Tesla announced that it would pay Musk nothing for the next 10 years, salary, stock, bonus, or stock until the company reaches the market value of $100 B.
Then comes the 4 quarter continues to profit from Tesla made him the richest among others, Look at the graph representing the growth of tesla during the financial year 2018-2020. It’s a huge spike and most of them evaluated the price is overpriced in the year 2019.
Elon musk company & Investments
When you look at the below company and founded dates the journey to the 2nd richest person in the world was not sudden, It was years of investment and innovation. We have explained the growth of Tesla above, let’s look at the other company Elon Musk owns and comparison.
- Tesla – $ 463B market capital
- SpaceX -$ 100B
- Open AI/ Nuralink – $1B
- Boring Company – $920 M
Journey of Elon Musk to became 2nd richest person
The life of Elon Musk was not always successful. A few of the failures are Rejection from Netscape in the year 1996, and Paypal, Tesla voted as the worst business concept of the year in 1999 and 2003, and tesla was failing before it hit profit margin. SpaceX’s launch was almost a disaster 2 times and almost bankrupt. Elon musk’s Journey to the richest person in the world is inspiring.
FINAL VERDICT :
In conclusion, I hope you enjoyed reading this article on “Elon Musk net worth Journey”, If yes, then don’t forget to spread the word about it. off sanjay@recodehive.com
