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Home People Innovator of the Week

Elon Musk has become the first person in history to have a net worth of more than $300 billion

Tech Gist Africa by Tech Gist Africa
11/03/2021
in Innovator of the Week, Tech Leaders, The Big 5, World News
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According to the Bloomberg Billionaires Index, Musk was worth $302 billion. Thanks to a rise in Tesla stock, that’s an increase of over $10 billion from the previous day.

It has been estimated that Elon Musk’s net worth is now in excess of $300 billion, making him the first person on the planet to attain this record.

Adding all of this up means that Elon Musk is worth far more than  Jeff Bezos, the second-richest man on the planet.

“My plan,” SpaceX creator Elon Musk said of his fortune, “is to use the money to get humanity to Mars while preserving the light of consciousness.”

According to the Bloomberg Billionaires Index, the top ten richest people on the planet are listed below.

Elon Musk: $302 billion
Jeff Bezos: $199 billion
Bernard Arnault: $168 billion
Bill Gates: $135 billion
Larry Page: $129 billion
Sergey Brin: $125 billion
Mark Zuckerberg: $118 billion
Steve Ballmer: $116 billion
Larry Ellison: $115 billion
Warren Buffet: $105 billion

To put Musk’s fortune into context, take into account that it exceeds the yearly GDP of countries such as Finland, Chile, and Vietnam and is higher than the market value of Netflix and PayPal, which he co-founded.

 

Read more on Tech Gist Africa:

Elon Musk overtakes Jeff Bezos to become the richest person in the world

For the first time, Tesla earns a profit of over $1 billion in a quarter

Larry Page and Sergey Brin, the co-founders of Google, are now worth more than $100 billion

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Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

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