Elon Musk ended the day with a net worth of $335 billion, Andrew Carnegie's inflation-adjusted $310 billion fortune, Wikipedia's list of the wealthiest historical figures, Elon Musk's Net Worth Just Topped A Quarter Trillion Dollars, Elon Musk's Net Worth Hits $290 Billion As Tesla Soars Above $1 Trillion Market Cap, Elon Musk Is Perilously Close To Losing His Status As The Richest Person In The World. Elon Musk Please refresh the page or navigate to another page on the site to be automatically logged in, Please refresh your browser to be logged in, Elon Musk says you can now buy a Tesla with bitcoin, Elon Musk says Twitter will let media outlets charge users per article view, Jack Dorsey says Twitter went south after its sale to Elon Musk, Bluesky might be the hottest and most controversial app in the world, How rich is Elon Musk? Stock options are agreements that the holder can purchase a stock at a set price in the future. 2 on the list in 2021, behind Bezos. At the time of his death in 1937 he was worth around $900 million because he made large wealth transfers to his own philanthropic foundation in his last decade. 2023 BBC. Leon Cooperman, the outspoken billionaire investor who has long denounced Senator Elizabeth Warren's separate proposal for a wealth tax, has added his voice to the exasperation coming from some of the uber-wealthy. Income tax calculator Jack Dorsey rues Elon Musk deal, says it all went south Business/ Bloomberg / Apr 30, 2023, 08:17 IST Twitterco-founder Jack Dorsey once a supporter of Elon Musks $44 billion acquisition of the site is now offering sharp criticism of the new ownerand his handling of the deal. 2018 Herald International Research Journals. So why is my original statement controversial? Elon Musk At the time of the lawsuit Musk had $500 million worth of debt with the majority owed to Morgan Stanley and Goldman Sachs. In January 2018, the Tesla board unveiled a compensation plan for Musk that would eventually be worth $100 billion. The worlds richest person, Elon Musk (net worth: $317 billion), did not attend. Trump motion to declare mistrial in E. Jean Carroll lawsuit denied, Tornado hits Virginia Beach, likely damaging hundreds of homes, U.S. to let Afghan evacuees renew temporary legal status, Texas man who lost wife and son in shooting shares story, NYPD officer Troy Patterson dies 33 years after being shot in robbery, Supreme Court to hear case that could curb power of federal agencies, The weirdest items passengers leave behind in Ubers, MasterChef Australia host Jock Zonfrillo found dead at 46, Democrats consider billionaires income tax to help pay for spending bill. Now that I know Bezos earns my entire salary in under a minute, it does make the additional $2 an hour that Amazon employees briefly received for working during the pandemic seem even more paltry. Elon Musk has become the world's richest person, as his net worth crossed $185bn (136bn). Mr Bezos is also using his personal wealth to fund space exploration, The secret mine that hid the Nazis' stolen treasure. The lawsuit also revealed that Musk's base salary at Tesla is $56,380. For reprint rights: Times Syndication Service, Jack Dorsey rues Elon Musk deal, says it all went south, : Is silver shining more than gold? Jack Dorsey rues Elon Musk deal, says it all went south Bloomberg / Apr 30, 2023, 08:17 IST Share Twitter co-founder Jack Dorsey once a supporter of Elon Musk s $44 billion acquisition of the site is now offering sharp criticism of the new owner and his handling of the deal. Under current law, a gain is only taxed if it is "realized" when its owner sells the asset and makes a profit. He dove directly into his career plans, dropping out of Stanford two days after the first semester began. Elon Musk Is Building a Sci-Fi World Elon Musk Roughly least $60 million of his Morgan Stanley debt was home mortgage-related. Enrol in ISB CDO prog. Elon Musk's net worth has surpassed $300 billion, making him the first person on the planet to reach that milestone. 100x Options Profit Calculator Read Next: Elon Musk's Net Worth Plummets $13B In A Day As Tesla Stock Slides. You should ask why I would want money. All Rights Reserved. How billionaires pay less tax than you. On January 1, 2020, Elon's net worth was $28 billion. WebOn Monday, Elon Musk ended the day with a net worth of $335 billion. It's extremely difficult to say, but I'm going to stick with the generally accepted estimate of $340 billion. At age 17, in 1989, he moved to Canada to attend Queen's University, but left in 1992 to study business and physics at the University of Pennsylvania. True to his word, he proceeded to sell off each home. Join thought-provoking conversations, follow other Independent readers and see their replies. Elon Musk The fundraising round increased SpaceX's private valuation to $46 billion, up from $36 billion. At his peak, Musk was worth $340 billion, according to the Bloomberg Billionaires Index. He ended 2020 with a net worth of $170 billion. An X.com acquisition the following year led to the creation of PayPal, as it is known today, and in 2002 PayPal was acquired by eBay for $1.5 billion in stock. October 29, 2021 / 12:09 PM : Banks will remain closed for 11 days in May, : Full list of new tax slabs for new income tax regime, Google took action against over 3,500 loan apps in India for violating norms in 2022, Passenger traffic growth highest at Mumbai airport in 2022-23, Indian banking system remained resilient, not adversely impacted by recent global events: Shaktikanta Das, Tax relief on builder-paid rent in redevelopment projects, Wont back predatory pricing, says Piyush Goyal. He believes the legend is a complete myth. Elon has been married three times, twice to the same woman actress Talulah Riley. Tesla and Twitter CEO Elon Musk is likely to testify in a lawsuit in the US that blamed Autopilot for a fatal crash in 2018. Musk founded his third company, Space Exploration Technologies Corporation (SpaceX), in 2002 with the intention of building spacecraft for commercial space travel. On this day Elon eclipsed Jeff Bezos as the richest person in the world for the first time. At this point Elon's net worth teetered around $300 billion for the first time. Most Facebook users can now claim settlement money. About half my money is intended to help problems on Earth and half to help establish a self-sustaining city on Mars to ensure the continuation of life (of all species) in case Earth gets hit by a meteor like the dinosaurs or WW3 happens and we destroy ourselves.. He ended 2020 with a net worth of $170 billion. That occurred in November 2021, when Tesla's stock price hit a record Six tips for success from the richest person on the planet. Elon Musk becomes first person to be worth Elon Musk A calculator designed by a British vehicle buying and selling company has estimated that Elon Musk generates over $22,500 per minute. Elon Musks net worth plummets by $12.6 billion after wild week Instead, they hold their wealth in shares and other investments, then take out loans using those assets as collateral. Elon Musk Ellis believes Solomon is an amalgamation of several Egyptian pharaohs, perhaps most specifically a pharaoh called Shoshenq I, who was the ruler of Egypt and Israel in the 10th century BC. ET First Published: April 21, 2023 at 5:03 a.m. His net worth peaked at $1.5 billion. Explore in 3D: The dazzling crown that makes a king. His wealth in three charts, Up to 30% off everything with the Samsung Youth discount, 50 cash with friend referrals at Virgin Mobile, 15% off extra plans with this Vodafone promo, 50% off your 1st 3 months - Audible promo, Extra 20% off selected fashion and sportswear at Very, Compare broadband packages side by side to find the best deal for you, Compare cheap broadband deals from providers with fastest speed in your area, All you need to know about fibre broadband, Best Apple iPhone Deals in the UK May 2023, Compare iPhone contract deals and get the best offer this May, Compare the best mobile phone deals from the top networks and brands. Elon takes no salary as CEO of Tesla. Elon along with Ian Wright and J.B. Straubel were the company's first employees and retroactively named co-founders. Powered and implemented by FactSet. Every time we write an article about the richest people of all time, someone chimes in over email to complain that we didn't put King Solomon at #1. In 1999 a division of Compaq Computer bought Zip2 for $307 million in cash and $34 million in stock options. He was most likely in Texas, where his company SpaceX was preparing for a rocket launch. Mr Musk reacted to the news in signature style, replying to a Twitter user sharing the news with the remark "how strange". Elon Musk Net Worth "For those wondering, I will pay over $11bn in taxes this year," the billionaire responded. The brothers sold Zip2 to Compaq in 1999 for $307 million in cash and $34 million in stock. The secret mine that hid the Nazis' stolen treasure. Some lawmakers want to tax it. Oh, and that time we learned that Zuckerberg takes about two minutes to earn the average US yearly wage? We can all understand how eager he must be to continue his work (particularly his pressing mission to, er, colonize Mars) but a global pandemic feels like a good moment for pause. (modern). Generally, the most common number historians use for John D. Rockefeller's inflation-adjusted net worth is. And for what it's worth not that I like referring to them but Forbes has already declared Elon as the richest person in history. Elon Musk There are 12 total milestones based on $50 billion market cap increases. Elon Musk testifies in defamation trial that his net worth is around Kimbal Musk Net Worth Here's how. Indias growth more stable on healthy macros: Finance ministry, Adani Ports starts $130 million buyback of debt securities, Not cheating if man had told live-in partner he was married: Calcutta HC, From free cylinders to UCC: Key promises in BJP's K'taka manifesto, What India's 24 lakh ponds, wells and tanks add up to, Can dissolve marriage on ground of irretrievable breakdown: SC, Live: Sidhu meets wrestlers as protest enters Day 9, Live: PM has to understand K'taka poll not about him, says Rahul, The hijab is a liberation from capitalisms beauty myth, Covid-19: India sees 27% decline in weekly cases, 14 messaging apps banned by govt for spreading terror: Details, 'I wanted to prepare him differently': How Yashasvi raised his game for IPL 2023, Terms of Use and Grievance Redressal Policy. In other words, if at some point in the future we see Elon sitting on a personal fortune of $340 billion (plus $1) he will be the richest human being who has ever walked the earth. Submit a correction suggestion and help us fix it! When we published our first estimate of Mansa Musa's net worth in 2012, we pegged his modern-equivalent fortune at $400 billion. Mortgage Calculator; Multiple Quotes Tool; Forbes put singer-songwriter Taylor Swifts net worth in 2022 at $570 million. He bought this house for $23.364 million in 2017. He could buy all 32 National Football League teams (currently worth more than $112 billion, according to data site Sportico) and still have almost $190 billion left over. 144bn puts him on track to become one by 2026, about two minutes to earn the average US yearly wage, he sued local authorities after he was forced to shut it, particularly his pressing mission to, er, colonize Mars. Painfully, Sergey had long-been one of Musk's biggest supporters. Though, one major red flag for Wikipedia's list is it doesn't even include Elon Musk. 2023 BBC. Image by Freepik. Wikipedia's list of the wealthiest historical figures places John D. Rockefeller at #1 with a wealth range of $318 $420 billion. Elon Musk's Net Worth Tops $100 Billion For The First Time, Morgan Stanley Analyst Thinks Elon Musk Will Become A Trillionaire Thanks To SpaceX, Sold first company Zip2 to Compaq in 1999 for $340 million, Invested a portion of his windfall into X.com, X.com became Paypal. All rights reserved. And of course 20 years ago another tech visionary was staring disaster in the face when the dot com bubble burst and big profits seemed a distant dream - but Jeff Bezos went on to make those who bet on Amazon very rich indeed. Musk merged everything and renamed it all PayPal. Did this woman die because her genitals were cut? We ask for your permission before anything is loaded, as they may be using cookies and other technologies. Elon Musk Is $5 Billion Away From Being The - Celebrity Net Worth What would "About half my money is intended to help problems on Earth, and half to help establish a self-sustaining city on Mars to ensure continuation of life (of all species) in case Earth gets hit by a meteor like the dinosaurs or WW3 happens and we destroy ourselves," it reads. The Elon Musk Wealth Calculator - Internet Marketing Hub Elon Musk Bloomberg Billionaires Index - Elon Musk As of my knowledge cutoff date of September 2021, Elon Musks net worth was estimated to be around $198 billion USD, according to Forbes. The current value of Tesla shares is significantly higher than when Mr Musk was granted the original stock options, so the value he gains by exercising those options would be considerable and would count as taxable income, added Mr Willens. Elon Musk Net Worth | Celebrity Net Worth Cat-and-mouse chase with China in hotly contested sea, Explore in 3D: The dazzling crown that makes a king. Musk is now worth about $182 billion, while Bezos' net worth is $181 billion. Elon Musk, the world's richest person, has tweeted he will pay $11bn (8.3bn) in tax for this year. End of twitter post 2 by Elizabeth Warren, How billionaires pay less tax than you. Who is Elon Musk? Elon Musk's net worth. William, who lived from 1028 to 1087, earned unimaginable wealth invading and subsequently seizing pretty much all of England back in 1066. Its a stark reversal from last Elon Elon Musk sells another $3.58 bn worth of Tesla stock, purpose unknown Live Updates Stocks to Watch Latest News Live Updates Kochi Water Metro Covid-19 Cases Update Heatwaves in India HUL Q4 Net Profit Gold Here's the problem with King Solomon: There's actually no factual evidence that he ever existed. Billionaire Elon Musk-owned Twitter is expected to make changes in its privacy policy soon. Elon Musk Over the last few weeks, Mr Musk has sold around $14bn of Tesla shares, which Mr Willens said was likely to be in part in order to generate cash to satisfy his tax liabilities. BBC business reporter, New York Elon Musk, the world's richest person, has tweeted he will pay $11bn (8.3bn) in tax for this year. At the time, Tesla shares were worth around $60. That makes the car company worth more than Toyota, Volkswagen, Hyundai, GM and Ford combined. When he became the 10th emperor of Mali, Mansa Musa proceeded to establish the world's most-lucrative salt and gold production systems. Or a guy in 2021 who has $300+ billion? Mind you, his many fans will point out that the somewhat eccentric tycoon has constantly confounded the sceptics who bet that he would go bust. This is the lowest since November 2020. Elon Musk However, the future of the billionaires tax is uncertain, given that it wasn't included in President Joe Biden's framework for the domestic policy package released Thursday. If you re-calculate Rockefeller's net worth taking into account his wealth as a percentage of American GDP plus various other factors (like being on the gold standard at the time), it's not unscientific to drastically boost Rockefeller's estimated present net worth equivalent. More than 100 police hurt in French May Day protests, Fighter jets are roaring over my home in Sudan, JP Morgan snaps up troubled US bank First Republic. 1. Mortgage fee structure 2023: Here's how it's changing, King Charles III's net worth and where his wealth comes from, framework for the domestic policy package. That's what all the accounts are trying to communicate.". As of this writing, Elon Musk owns 43% of rocket maker SpaceX and 24% of Tesla. He reportedly burned through all of his liquid cash from previous business sales to launch SpaceX. Why is that statement controversial? Elon Musk says he'll be paying If Musks wealth was ranked alongside the GDP of every country in the world, he would be the 50th richest country in the world, according to figures from the International Monetary Fund. Below are the 10 richest people in the world, according to the Bloomberg Billionaires Index. On Monday, Elon Musk ended the day with a net worth of $335 billion. The world's wealthiest person: How did Elon Musk get so But Elon Musks net worth has fallen a lot from the $340 billion peak he reached in November 2021. Know supply chain strategy with IIML COO Prog. Mr Musk has been embroiled in a public debate on social media over how much tax he pays. Musk added $25 billion to his net worth yesterday, bringing his total fortune to $174 billion according to Bloomberg Billionaires Index. He dropped out of Stanford University, however, to become a part of the internet boom. In May 2020, Grimes and Elon welcomed a baby boy named X A-Xii. Elon Musk's Net Worth (2023) | Wealthy Gorilla As for Elon Musk, he could pay my monthly rent after less than 30 minutes of work which makes you wonder why he violated Californias stay-at-home order to keep Teslas factory open, and why he sued local authorities after he was forced to shut it. In addition, the threat of regulation has meant Amazon's stock has not risen as high as it might otherwise have done. In total he has 10 children as of this writing. It's nearly impossible to accurately peg the wealth of someone who lived 700 years ago. He is by far the richest person in the world, topping the #2 person Jeff Bezos by around $140 billion. The reason is not what you think. Who is the richest person in the world? Jeff Bezos no In July 2022 it was reported that Elon Musk had an affair in December 2021 with the wife of Google co-founder Sergey Brin. First published on October 29, 2021 / 10:15 AM. 2023 Celebrity Net Worth / All Rights Reserved. When Bezos was touted to soon become the worlds first trillionaire (he isnt yet but his net worth of $144bn puts him on track to become one by 2026), we learned he was richer than entire countries and later also found out he was richer than combined countries (to take an example: Jamaica, Iceland, Tunisia and Estonia). Elon Musk On January 1, 2020, Elon's net worth was $28 billion. He ended 2020 with a net worth of $170 billion. On July 13, 2020 when Elon's net worth hit $80 billion for the first time, $15 billion came from SpaceX and $65 billion came from Tesla. In August 2020 two important factors pushed Elon's net worth above $90 billion for the first time. It's equally difficult to adjust that fortune to a modern equivalent. ICE Limitations. Elon Musk was born June 28, 1971 in Pretoria, South Africa. Dont have vacation homes or yachts or anything like that, he stated in a short Twitter thread republished from 2018. He moved on to Stanford University to attend a Ph.D. program in physics, but decided school was no longer a useful pursuit. He instead has a highly unusual and extremely lucrative bonus plan tied to the company's market cap milestones. Earlier this week, Democratic Senator Elizabeth Warren tweeted that Mr Musk should stop "freeloading off everyone else". Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. On January 7, 2021 Elon's net worth hit $195 billion. Elon Musk cofounded six companies including electric car maker Tesla, rocket producer SpaceX and tunneling startup Boring Company. He owns about 25% of Tesla between stock and options, but has pledged more than half his stock as collateral for loans. As opposed to railroads, the Hyperloop would use tubes for transportation. Jack Dorsey rues Elon Musk deal, says it all went south VideoThe secret mine that hid the Nazis' stolen treasure, LGBT troops take love for Eurovision to front line. Elon Musk opens up earning opportunity for Twitter users What Would It Take For Elon Musk To Become The World's First Trillionaire? There are pictures of him holding a scepter of gold on a throne of gold holding a cup of cold with a golden crown on his head. The bulk of Mr Musk's tax payment, to be made next year, will go to federal tax authorities, but the state of California, where Tesla and Mr Musk have been based until recently, will also claim a portion. Forget it, he said on Twitter. A recent rise in Tesla's stock price has pushed Musk's net worth into the stratosphere. This article contains content provided by Twitter. Now, if you use an inflation-adjustment calculator with the number $1.5 billion and the approximate year 1935, you land on around $30 billion. Texas has more lenient tax rules - it does not collect income tax, in contrast to California, which has the highest income tax rates among US states, according to thinktank the Tax Foundation. Musk's net worth is currently at $178.6 billion. The second factor was an increased valuation of SpaceX which was officially confirmed on August 18, 2020. Elon Musk's personal wealth is now $222 billion, widening his gap as the richest person in the world according to Bloomberg's Billionaires Index. 1, with a net worth of $219 billion as of March 11, 2022 Musk was No. VideoThe secret mine that hid the Nazis' stolen treasure, LGBT troops take love for Eurovision to front line, Why an Indian comedian is challenging fake news rules. Please enter valid email address to continue. Elon Musk has overtaken Jeff Bezos to become the worlds richest person, having seen his wealth rise from $25 billion to nearly $200bn in less than a year. Musk was worth $302 billion as of Thursday, according to the Bloomberg Billionaires Index. Elon Musk When the plan was forged, Tesla was worth around $50 billion. From that point on, Elon received another of the tranches every time the company increases in market cap by $50 billion. He invested in several Musk companies, including being one of the earliest investors in Tesla. Musk was worth $302 billion as of Thursday, according to the Bloomberg Billionaires Index. He declines the salary in most years. Elon Musk made $25 billion Tuesday | CNN Business That's an increase of almost $10 billion from the previous day, thanks to a jump in Tesla shares on Thursday. Bitcoin Has a Major Significant Here's What It Means, 10 Online Side Hustles to Boost Your Income, 10 Tips to Choose the Right Mutual Fund for Your Investment Goals. Each new project has been financed, at least in part, by funds generated from previous business successes, with each new effort becoming ever more ambitious. Imagine as much gold as you think a human being could possess and double it. At the second place, Amazon founder Jeff Bezos, however, did not add much to his net worth. As of That means Elon Musk is $5 billion (plus $1) away from being the richest person ever. The BBC is not responsible for the content of external sites. Expected electric vehicle tax credits would benefit Tesla, "which continues to have an iron grip on the market today", he added. Under the plan, tradable assets such as Tesla's stock in a billionaire's portfolio would be valued annually. Calculated in another way, if Musks net worth was distributed evenly among all 328 million citizens in the US, each person would receive roughly $600 the same amount the US government handed out as a stimulus check during the pandemic. Musk also donates periodically to charity, putting out a call on Twitter this week for ideas on ways to donate money that really make a difference. The coronavirus pandemic has meant Amazon benefited from stronger demand for both its online store and cloud computing services. John Catsimatidis, the billionaire grocery chain and real estate magnate who owns Gristedes, condemned the proposal as something you would "expect Putin to do," referring to President Vladimir Putin of Russia. Earlier this month, Tesla announced in a US Securities Exchange Corporation (SEC) filing that it was moving its corporate headquarters to Texas - a plan Mr Musk had hinted at in media interviews for several months, citing unhappiness with the Californian state government laws and criticising the high cost of living in Silicon Valley. While the numbers involved in the case of Mr Musk were exceptional, this was a standard approach for a corporate executive to take to expiring stock options, he added. Submit a correction suggestion and help us fix it! Mr Bezos has also seen his fortunes rise over the past year. Today, they are worth close to $900. For example, how do you calculate the modern-equivalent of William the Conqueror's net worth? Coronavirus has widened America's vast racial wealth gap, study finds, Original reporting and incisive analysis, direct from the Guardian every morning, 2023 Guardian News & Media Limited or its affiliated companies. Elon Musk Net Worth Elon Musk Net Worth January 19, 2023 by admin [wpcode id=23] January 18, 2023 by admin Age 18 44 Exclude married Race Any color Most populous nation: Should India rejoice or panic? It also means the Tesla chief executive is worth tens of billions more than the second-richest person on earth, Amazon.com founder Jeff Bezos. Since the start of the year, Musk has seen his wealth Did this woman die because her genitals were cut? Rudolph Ware, a professor of history at the University of Michigan explained to CNN back in 2015 that Musa's wealth was so immense that people of the time struggled to describe his riches. Billionaire Elon Musk-owned Twitter is expected to make changes in its privacy policy soon. A new website will you give you these exact numbers, as they apply to Bezos and 14 other tech moguls. Shares related to this plan are released quarterly after the Board of Directors confirms the milestone was achieved. At some point in late 2021 Elon ALSO welcomed a set of twins, born to one of his Neuralink executives. According to the latest Forbes billionaires list, Musk is the new No.