Elon Musk is probably the most famous tech mogul today. The companies he leads, Tesla and SpaceX, continue to thrive. Not to mention Elon Musk is the richest person in the world and often talks or performs controversial actions.
Most recently, he wanted to buy all Twitter shares worth USD 43 billion. According to Forbes records, the man born in South Africa is currently worth around USD 270 billion.
Like the other richest people, Elon Musk's wealth can go up and down because most of it is in the form of stocks. At this time according to Bloomberg, Elon Musk's cash is 'only' in the range of USD 3 billion.
Well, one of the main sources of Musk's wealth is his stake in the electric car company Tesla, of which he is also the CEO. Elon Musk is Tesla's largest single shareholder with 17% ownership.
Tesla is currently the largest auto company in the world. Even Tesla's market capitalization is already more than USD 1 trillion. Very few companies achieve that value, namely Apple, Amazon, Microsoft, Aramco and Alphabet.
Then Elon Musk's second source of income is from the spacecraft company SpaceX, which is currently one of the most valuable private companies. SpaceX has been trusted by NASA to take astronauts to the ISS to form the constellation of Starlink satellites to broadcast the internet.
The current value of SpaceX is $100 billion. Elon Musk owns about a 48% stake in SpaceX, which accounts for a large part of his fortune.
Elon Musk also recently bought about 9% of Twitter's shares and then plans to control all of it, although it has not yet been decided whether it will be accepted by Twitter's management and shareholders or not.
Reportedly, with all that wealth, Elon Musk chose to live in a rented house. "Bro (Elon Musk) does not live like a billionaire. Bro his life is sometimes below the poverty line," said former lover singer Grimes quoted us from the Daily Mail.
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