Tesla shares just hit 11-month lows, reducing tech tycoon Elon Musk’s net worth below $200 billion.
Since the beginning of the year, Teslarati claims that Musk has lost $77.6 billion of his wealth.
This has been a rough few months for Tesla’s stock, with the company’s share price falling by approximately 40% since January 1. This has a significant impact on Elon Musk’s net worth.
As of May 25, Musk’s net worth was $193 billion, according to the Bloomberg Billionaires Index. A loss of 77.6 billion dollars has occurred since January 1st, according to Musk’s net worth.
However, Musk remains the richest person on the planet in terms of net worth. According to the estimate, Jeff Bezos, the creator of Amazon, has a net worth of $128 billion.
Elon Musk Early Life
On this day in 1971, Elon Musk was born in Pretoria, South Africa, to an American mother and a South African father. Musk’s parents and physicians ordered him to have hearing tests as a child because he daydreamed about inventions.
When Musk’s parents divorced when he was 10 years old, he got fascinated with computers. he sold his first piece of software at the age of 12: Blastar, a game he’d made himself.
When he was in elementary school, Elon Musk was a quiet, bookish kid. He trained in karate and wrestling to protect himself throughout the reducingseeksmost influential the gates for bullying phase and grew a lot.
|Known For||Tesla, SpaceX, PayPal|
|Date of Birth||28 June 1971|
|Birthplace||Pretoria, South Africa|
|Residence||United States, California|
|Nationality||South African, Canadian, American|
|Education||Waterkloof House Preparatory School Pretoria
Queen’s University, University Of Pennsylvania, Stanford University, Ontario
Elon Musk Carrier
A human colony on Mars, the gateways, and sustainable expansion in energy production and consumption are all part of his proposal to make human life multi-planetary and reduce global warming.
In December 2016, Forbes ranked Musk as the 21st most powerful person in the world.
Elon Musk’s SpaceX has effectively replaced NASA’s Space Shuttle by resupplying the International Space Station for $1.6 billion (and maybe delivering people as well).
Because of Musk’s ideas, a journey to the International Space Station is currently less than $60 million, rather than $1 billion.
The Musk Foundation is also responsible for a Mars simulation environment (complete with toilets that burn waste).
Musk, a multi-billionaire, is using his riches to make science fiction visions a reality in the here and now.
Elon Musk Net Worth
When it comes to money, Elon Musk has a net worth of about $185 billion.
When Tesla’s stock price rose on Thursday, it made Musk the richest man since 2017, surpassing Jeff Bezos, who was valued at $184 billion.
As a result of his rapid ascension to the top of the rich list, Musk has seen a dramatic turnaround in his financial fortune in the last year.
In the last year, Musk’s fortune has grown at the quickest rate ever recorded. This is a stunning turn of events, considering that Musk made headlines just 18 months ago for Tesla’s capital burn and his leverage against the firm.
In 2020, Musk’s $27 billion net worth barely put him in the top 50 richest people in the world.
Tesla’s soaring stock price, which has surged ninefold in the last year, has contributed more than $150 billion to the company’s net worth.
Amazon’s share price has been muted due to the possibility of further regulation from Washington.
Musk has overtaken Warren Buffett to become the world’s seventh-richest person.
In November, Musk overtook Bill Gates to take second place. He is now worth more than Bill Gates, who has $132 billion in net worth at the time of this writing.
Shares of Tesla were up about 8 percent at the end of the day on Thursday. Over $760 billion has been invested in the firm.
|Elon Musk Net Worth||$182.1 Billion|
|Net Worth In Rupees||13.56 Lakh Crore INR|
|Monthly Income||$200 Million +|
|yearly Income||$2400 Million +|
Elon Musk Family
Her name is Maye Musk, and she’s been a Covergirl model for 30 years. Musk’s mother While she was growing up, her parents worked five jobs to provide for her and her siblings.
Musk’s father is an engineer named Errol.
He grew up in South Africa with his two brothers, Kimbal and Tosca, and had a happy upbringing. His parents divorced when he was ten years old.
Elon Musk is not the only member of the Musk family who has created enterprises, generated millions of dollars or achieved fame.
From his filmmaker sister to Talulah Riley, one of his ex-wives, Musk’s South African and Canadian family is full of entrepreneurs and rebels. Musk and his girlfriend, singer Grimes, welcomed their first child, a son, on Monday.
Aside from his two ex-wives and their three children, he has already created a huge family on his own. When he was a child, Musk went from South Africa to Canada and then to California.
Elon Musk House
As previously reported by Business Insider, Musk owned four residences in the greater Los Angeles area that totaled more than $70 million at one point.
Several of his properties are currently for sale, including a four-bedroom, three-bathroom home he acquired for his ex-wife Talulah Riley in 2013, which is currently on the market.
Variety said that the house functions as a private school for the children of Tesla CEO Elon Musk. When speaking to Vogue, he said it was “like a little schoolhouse on the prairie, but the gates are Mars theon a golf course.”
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