Elon Musk now worth $100BILLION – and is 4th richest person in world after earning $73billion since January
ELON Musk has just seen his wealth soar to $100billion (£76billion).
That insane amount of money is still around half of Amazon boss Jeff Bezos’s net worth but it’s very impressive for Musk who has earned $73billion since January.
Musk is currently working on the infamous Starlink satellite network[/caption]
Musk has been making headlines recently as he takes on challenges in space with his company SpaceX.
He’s also well known as the CEO of Tesla.
At 49-years-old, his net worth is estimated at $100billion (£76billion).
This was aided by the price of Tesla stock rising 400% in 2020.
Tesla has helped Musk reach the milestone[/caption]
At the same time, rival billionaire Bezos is now said to be worth $200billion (£1.5billion).
Musk’s 40.4 million Tesla shares are said to account for $87billion worth of his fortune.
Microsoft’s Bill Gates and Facebook’s Mark Zuckerberg are also worth over $100billion.
Zuckerberg reached the milestone earlier this year.
What is SpaceX?
Here’s what you need to know…
SpaceX was founded by billionaire entrepreneur Elon Musk who still has part ownership of the company with 54 per cent equity and 78 per cent voting control.
SpaceX is a private American aerospace manufacturer that is based in California.
It was founded in 2002 with the goal to build affordable rockets and enable the colonisation of Mars.
The manufacturer also aimed to reduce space transportation costs.
Since its creation, the firm has gained fame primarily as a pioneering rocket firm.
In 2008 it launched the first privately-funded liquid-propellant rocket to reach orbit and later became the first private company to launch an object into orbit around the sun.
The company has grown dramatically over its lifespan, from 160 employees in November 2005 to around 7,000 as of November 2019.
As of March 2018, SpaceX had over 100 launches on its manifest representing about $12billion (£9.24billion) in contract revenue.
Most read in Phones & Gadgets
In other news, Elon Musk is set to reveal a ‘working Neuralink device’ this Friday.
Facebook founder Mark Zuckerberg has just seen his wealth soar to $100billion (£76billion).
And, Billionaire Sir Richard Branson will rocket into space aboard a Virgin Galactic spaceship next year, the company has announced.
Are you shocked by Musk’s wealth? Let us know in the comments…
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