The wealth of Elon Musk, the richest man in the world in 2022
Elon Musk is the richest man in the world in 2022. However, the fortune of the billionaire has changed so much in recent years that he may lose his place as the richest man in the world. We tell you more about Elon Reeve Musk’s legacy and his salary today.
SpaceX, The Boring Company, Tesla and now Twitter… Elon Musk, born Elon Reeve Musk, is an entrepreneur above all else. The businessman and multibillionaire took over, but also took over large companies. He has stakes in all of these companies, as well as smaller projects he has started or is currently working on, such as SolarCity and Neuralink.
Also read: Everything you need to know about Elon Musk: wealth, career, Tesla, Twitter…
Who is the richest person in the world in 2022?
If you read this article, you can imagine that the richest man in the world in 2022 is Elon Musk. The billionaire’s fortune is estimated at $180 billion this Friday, November 25. It took him a long time to become the world’s richest person, primarily because he’s seen his companies rise in value in recent years, but also because the world’s other richest man, Jeff Bezos, has seen his fortune decline. His divorce prompted him to split his stake in Amazon with his ex-wife. Moreover, the price of this company he founded has decreased significantly in recent years.
You may have guessed it, but it is difficult to determine the wealth of Elon Musk or other entrepreneurs because it is based on the valuation of the businesses they start. A businessman’s wealth with the stocks he owns is strongly tied to the value of Tesla, Twitter, SpaceX and all the companies he owns shares in, and that value changes daily. Thus, Elon Musk’s fortune of $180 billion comes from Bloomberg figures, which are updated daily.
Also read: The richest people in the world: ranking of the biggest fortunes of 2022
Why is Elon Musk so rich?
As we mentioned above, the billionaire is still rich today thanks to his investments. Indeed, the takeover of Twitter by Elon Musk had a strong impact on his wealth, on the contrary, downwards elsewhere, but his shares in Tesla or SpaceX allow him to retain the title of the richest man in the world.
What is Elon Musk’s wealth?
Elon Musk’s net worth is an estimated $4.05 billion worth of cold hard cash, according to Bloomberg. The billionaire recently sold Tesla shares for $7 billion to take over Twitter. Thus, his shares in the company specializing in electric cars are worth a total of 69.4 billion dollars.
Elon Musk’s wealth also depends on other activities of the entrepreneur. His shares in SpaceX are worth $46.9 billion today. He owns 47 percent of the company. The billionaire would also own 79 percent of the bluebird social network. Those shares would be worth $19 billion today. His holdings in The Boring Company would be worth $3.33 billion. To these amounts should be added $6.75 billion from various sources.
Also read: Elon Musk takes the helm of Twitter and fires his managers
Elon Musk’s wealth compared to the real economy
180 billion dollars. This, as you can understand, is a large amount that Elon Musk does not necessarily have in his bank account. However, it seems difficult to imagine how lucky Twitter’s new boss is. With such an amount, the billionaire could buy, for example, 10.2% of all private housing stock in the United States. To reach the wealth of the CEO of Tesla, you would have to work 2,546,852 months, earning the average American salary. Thanks to his wealth, Elon Musk could buy 2 billion barrels of oil or 3203 tons of gold.
Elon Musk’s businesses
It’s not the entrepreneur’s first attempt at Elon Musk’s acquisition of Twitter. Indeed, young Elon Musk will open many companies over the years and begin to make a name for himself in the business world. The first company he co-founded was Zip 2, before launching PayPal, the payment system that many people use to secure their online purchases.
The third company to be launched by Elon Musk is SpaceX (Space Exploration Technologies). The goal here is to compete with NASA, which it considers unpretentious and innovative. Today, the American space research center also works with this company to send astronauts to the International Space Station. The peculiarity of this company is, above all, betting on reusable technologies. Elon Musk, in fact, intends to create rockets that can be used indefinitely. This prevents space and ground waste.
Contrary to popular belief, Elon Musk did not invent Tesla. Indeed, he only took over the company in 2008 after entering the capital in 2004. He would own about 14 percent of the company as he sold some of his shares to finance the $44 billion acquisition of Twitter. Starting with electric cars, the billionaire has decided to invest in other energy-related projects. So he invested in his cousin SolarCity, whose goal was to create photovoltaic panels. The entrepreneur also launched Powerwall, a device for energy storage and redistribution under the Tesla brand.
Transportation is also a favorite subject of Elon Musk, who launched Hyperloop, a capsule transportation system that allows Americans to connect San Francisco to Los Angeles (800 km) in half an hour. At the same time, the entrepreneur founded The Boring Company, the originator of tunnels designed for the transportation of goods, but also for personal vehicles.
Twitter’s takeover by Elon Musk certainly made the news. Tesla’s CEO recently became the owner of the bluebird social network and has been known for his aggressive management and massive layoffs. His arrival caused a lot of ink to flow as he delisted the company or even reinstated the accounts of banned individuals such as Donald Trump. Now it owns 79 percent of that social network.
Among the billionaire’s other projects are Neuralink, a startup that produces chips aimed at combining human intelligence and artificial intelligence, or OpenAI, a research center and incubator that houses scientists and entrepreneurs working on artificial intelligence.
Also read: Elon Musk’s revolutionary startup Neuralink is taking a new step
How much is Elon Musk’s salary?
It may surprise you, but Elon Musk’s salary is $0. Indeed, when the businessman came to Tesla, he decided not to get paid every month for his work. That seems to be the case for his other roles as Twitter boss, too. On the other hand, as an investor, his Tesla shares or shares in other companies allow him to receive dividends every year.
The billionaire decided to live a fairly simple life. His house is called a small house a small residence optimized to accommodate only the bare necessities. This property is valued at $10,000. He owned other properties, most of which he sold in recent years. His real estate was once valued at $70 million.
Also read: Recruiting: How Elon Musk Spots Lies in an Interview
Who is richer between Elon Musk and…?
If Elon Musk is the richest man in the world, he may not stay forever like Jeff Bezos before him. Here is his wealth compared to other big businessmen.
The fortune of Bernard Arnault
Bernard Arnault is currently the second richest man in the world. His wealth is estimated at 159 billion dollars. It mainly consists of shares in CDI FP (Christian Dior International), which owns 41.2% of the LVMH group. If a businessman has lost a lot of money in recent months, he is one of the rare people who has seen his wealth increase rapidly in recent weeks.
Also read: Luck, career, failures, LVMH… All about Bernard Arnault
Jeff Bezos’ fortune
Jeff Bezos has not been the richest man in the world for a few months now. The founder of Amazon is on the 4th place in the ranking of the richest people on the planet. He lost $74 billion in about a year. His net worth is estimated at $117 billion on Friday, November 25, 2022.
Also read: Luck, research, startups… the journey of Amazon founder Jeff Bezos
Mark Zuckerberg’s fortune
Mark Zuckerberg is often compared to Elon Musk. But the latter pays off their 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. He is the 27th richest man in the world and his wealth has decreased by 82.7 billion in a year.
The evolution of Elon Musk’s fortunes
The fact that Tesla shares were sold for 7 billion dollars to buy the Twitter social network inevitably affected Elon Musk’s fortune. Also, since it’s tied to the stock price, you can imagine it changing a lot over the years, whether investors are reluctant or not. At its peak, in November 2021, it was valued at $338 billion. As you can see, the entrepreneur has been losing a lot of money lately.
Here is a chart to help you best estimate Elon Musk’s wealth over the years. The 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 world’s richest people is often indexed on the stock market. Indeed, it is mainly based on the shares owned by these businessmen and billionaires.
|1||Elon Musk||Tesla, SpaceX, Twitter|
|3||Gautam Adani||Adani Group|
|6||Warren Buffett||Various investments|
|9||Mukesh Ambani||Reliance Industries|
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