Elon Musk is the richest man in the world in 2022. However, the fortune of the billionaire has changed a lot in recent years, so much so that he could lose his place as the richest person in the world. We tell you more about the heritage of Elon Reeve Musk and his salary today.
SpaceX, The Boring Company, Tesla and now Twitter… Elon Musk, born Elon Reeve Musk, is a jack-of-all-trades entrepreneur. The businessman and multi-billionaire has undertaken, but also taken over large companies. He owns shares in all these companies, but also in other more minor projects that he has launched or is currently working on, such as SolarCity and Neuralink.
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Who is the richest man in the world in 2022?
You can imagine if you read this article, the richest man in the world in 2022 is Elon Musk. The fortune of the billionaire is estimated, this Friday, November 25, at 180 billion dollars. He took a long time to become the wealthiest person in the world, it is above all because his companies have seen their valuations climb in recent years, but also because the other richest man in the world, Jeff Bezos, saw his fortune plummet. His divorce prompted him to share his shares in Amazon with his ex-wife. In addition, the valuation of this company he founded has fallen significantly in recent years.
You might have guessed it, but it’s hard to establish the fortune of Elon Musk or other entrepreneurs, for the simple reason that it’s built around the valuation of the businesses they have. launched. With the shares he owns, the businessman’s wealth is strongly linked to the value of Tesla, Twitter, SpaceX and all the companies in which he has shares, a value that fluctuates every day. Thus, the fortune of Elon Musk, estimated at 180 billion dollars, comes from Bloomberg figures which are updated daily.
Read also: The richest men in the world: The 2022 ranking of the biggest fortunes
Why is Elon Musk so rich?
As mentioned above, the billionaire is also rich today thanks to his investments. Indeed, the takeover of Twitter by Elon Musk has had a strong impact on his fortune, rather downwards elsewhere, but the shares he owns in Tesla or in SpaceX allow him to retain the title of the richest man in the world.
What is Elon Musk’s fortune made up of?
Elon Musk’s fortune is made up of cold hard cash, cash, worth an estimated $4.05 billion, per Bloomberg. The billionaire recently sold Tesla shares for $7 billion to fund the takeover of Twitter. Thus, its shares in the company specializing in electric vehicles are only worth $ 69.4 billion.
Elon Musk’s fortune also depends on the entrepreneur’s other activities. His shares of SpaceX are today valued at $46.9 billion. He owns 47 percent of the company. The billionaire would also own 79 percent of the blue bird social network. These shares would be worth $19 billion today. His shares in The Boring Company would be worth $3.33 billion. To these sums must be added 6.75 billion dollars from various sources.
Read also: Elon Musk takes the helm of Twitter and fires its managers
Elon Musk’s fortune compared to the real economy
$180 billion. It’s a large sum that Elon Musk does not necessarily have in his bank account, as you have understood. However, it seems difficult to imagine how the new boss of Twitter is fortunate. With such a sum, the billionaire could, for example, buy 10.2% of the entire private housing stock in the United States. You have to work 2,546,852 months, earning the median American salary, to reach the fortune of the CEO of Tesla. Thanks to his fortune, Elon Musk could buy around 2 billion barrels of oil or 3,203 tonnes of gold.
Elon Musk’s businesses
With the acquisition of Twitter by Elon Musk, the entrepreneur is not at his first attempt. Indeed, the young Elon Musk will launch many companies over the years and this is how he will start to make a name for himself in the business world. The first company he co-created was Zip 2, before launching PayPal, a payment system that many people use to secure their purchases on the Internet.
The third company that Elon Musk will launch is SpaceX (Space Exploration Technologies). The objective here is to compete with NASA, which he finds unambitious and innovative. Today, the American space research center is also working with this company to send astronauts to the international space station. The specificity of this company is to bet, above all, on reusable technologies. Elon Musk intends, in fact, to create rockets, part of which can be used endlessly. This avoids space and terrestrial waste.
Contrary to popular belief, Elon Musk did not found Tesla. Indeed, he only took over the company in 2008, after entering the capital in 2004. He would own around 14 percent of the company, since he sold part of his shares to finance the takeover of Twitter which amounts at $44 billion. By embarking on electric vehicles, the billionaire has decided to invest in other related projects, related to energy. He thus invested in the company of his cousin, SolarCity, whose objective is to create photovoltaic panels. The entrepreneur also launched Powerwall, under the Tesla brand, a device for storing and redistributing energy.
Transport is also a favorite subject of Elon Musk who launched the Hyperloop, a capsule transport system allowing Americans to connect San Francisco to Los Angeles (800km) in half an hour. At the same time, the entrepreneur founded The Boring Company, a company at the origin of tunnels intended for the transport of goods, but also for private vehicles.
The takeover of Twitter by Elon Musk has of course marked the news. The CEO of Tesla recently became the owner of the social network with the blue bird and marked by its aggressive management and its massive layoffs. His arrival caused a lot of ink to flow, because he withdrew the company from the stock market or even the return of the accounts of banned personalities, like Donald Trump. He now owns 79 percent of that social network.
Among the billionaire’s other projects, there is also Neuralink, a startup that produces chips aimed at merging human intelligence and artificial intelligence, or OpenAI, a research center and incubator that houses scientists and entrepreneurs working on AI.
Read also: Neuralink, Elon Musk’s revolutionary startup takes a new step
What is Elon Musk’s salary?
It may surprise you, but Elon Musk’s salary is $0. Indeed, the businessman decided, when he arrived at Tesla, not to be paid every month for his work. It would seem that this is also the case for his other roles, such as that of boss of Twitter. On the other hand, as investors, his Tesla shares or his shares in other companies allow him to receive dividends every year.
The billionaire has decided to live a rather simple life. His house is what is called a Tiny House, a small accommodation optimized to accommodate only the bare necessities. This property is estimated at $10,000. He owned other properties, most of which he sold in recent years. His real estate assets were once estimated at $70 million.
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Who is richer between Elon Musk and…?
If Elon Musk is the richest man in the world, he might not remain so indefinitely, like Jeff Bezos before him. Here is his fortune compared to that of other great businessmen.
The wealth of Bernard Arnault
Bernard Arnault is now the second richest man in the world. His fortune is estimated at $159 billion. It is mainly made up of its shares in CDI FP (Christian Dior International), which owns 41.2% of the LVMH group. If the businessman has lost a lot of money in recent months, he is one of the few to see his fortunes skyrocket in recent weeks.
Read also: Fortune, career, failures, LVMH… All about Benard Arnault
The fortune of Jeff Bezos
Jeff Bezos has not been the richest person in the world for several months now. The founder of Amazon is in 4th place in the ranking of the wealthiest people on the planet. He lost $74 billion in about a year. His wealth is estimated at 117 billion dollars, this Friday, November 25, 2022.
Read also: Fortune, studies, beginnings… The journey of Jeff Bezos, founder of Amazon
Mark Zuckerberg’s wealth
Mark Zuckerberg has often been compared to Elon Musk. But the latter pays for his risky investments in the metaverse. Today, the fortune of the founder of Facebook and CEO of the Meta group is estimated at 42.8 billion dollars. He is the 27th richest man in the world and his wealth has fallen by 82.7 billion in one year.
The Evolution of Elon Musk’s Fortune
The fact of having sold for 7 billion dollars of Tesla shares to buy the social network Twitter inevitably impacted the fortune of Elon Musk. In addition, as this is linked to the stock market price, whether investors are reluctant or not, you can imagine that it has fluctuated a lot over the years. When it was at its peak, it was estimated at $338 billion, in November 2021. As you can see, the entrepreneur has been losing a lot of money lately.
Here is a chart that will help you best estimate Elon Musk’s fortune over the years. Data is based on annual averages calculated by Forbes since 2013.
Who are the 10 richest people in the world?
As you know, the wealth of the richest people in the world is often indexed on the stock market. Indeed, it is mainly based on the shares that these businessmen and billionaires own.
|1||Elon Musk||Tesla, SpaceX, Twitter|
|3||Gautam Adani||Adani Group|
|6||warren buffett||Miscellaneous investments|
|9||Mukesh Ambani||Reliance Industries|
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