As of 2022, Elon Musk has a net worth of $219 billion, making him the world’s richest person. He overtook Jeff Bezos, the founder of Amazon, from second place on the 2021 list to first place in 2022.
When measured against the Forbes Real-Time Billionaires List and the Bloomberg Billionaires Index, Musk’s net worth fluctuates, although he still tops both lists as the wealthiest individual. Musk is the founder of SpaceX, The Boring Company, PayPal, and Neuralink, among other firms. He is also a co-founder of PayPal.
Who Is Elon Musk?
To get his bachelor’s degrees in physics and economics, Elon Musk first studied in Canada and then transferred to the University of Pennsylvania.
To create Zip2, one of the first internet navigation services, Musk postponed attending Stanford University’s graduate physics program for two days. X.com, the online payment system that was sold to eBay Inc. (EBAY) and eventually became PayPal Holdings Inc., was created with a portion of the proceeds from this firm (PYPL).
As a major investor in Tesla Motors (now Tesla) in 2004, Elon Musk became CEO of the electric vehicle company.
12 Tesla is a manufacturer of electric cars, energy storage devices, automobile accessories, and solar power systems after acquiring SolarCity in 2016. 13 It’s no secret that Elon Musk is also the CEO and chief engineer of Space Exploration Technologies (SpaceX).
Tesla’s stock price climbed 740 percent in 2020, propelling Musk to the top of the billionaire list. By the end of 2020, Tesla will have joined the S&P 500, making it the most significant addition. As of January 20, 2021, Musk has become the world’s richest person.
To address criticism of unrealized capital gains as a tax avoidance strategy, Tesla CEO Elon Musk tweeted on Nov. 6, 2021, asking his Twitter followers whether he should sell 10 percent of his Tesla stock to respond to that criticism.
15 Over the course of the year, he sold $16.4 billion worth of shares.
Elizabeth Warren, a Democrat from Massachusetts, has used a media article claiming that Tesla CEO Elon Musk paid no income tax in 2018 to advocate for a wealth tax. As Musk pointed out on Twitter, “And if you opened your eyes for 2 seconds, you would understand I will pay more taxes than any American has ever paid,” he replied.
As Tesla stock prices soar in 2021 and SpaceX’s reported value rises as a result of private deals, Musk has extended his lead in the world’s wealth rankings. In November 2021, he had a net worth of $340 billion.
Elon Musk launched a campaign to acquire Twitter for $44 billion in April 2022. The deal will be funded with $21 billion of Musk’s own money. Musk sold 9.6 million shares of Tesla, worth an estimated $8.5 billion, in the run-up to the acquisition announcement.
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