Powered and implemented by FactSet. How billionaires pay less tax than you. He has continued to launch new businesses since then, including SpaceX, his aerospace design and development company, and Tesla Motors, the company behind a range of increasingly popular electric sports cars. More than 100 police hurt in French May Day protests, Fighter jets are roaring over my home in Sudan, JP Morgan snaps up troubled US bank First Republic. If Musks wealth was ranked alongside the GDP of every country in the world, he would be the 50th richest country in the world, according to figures from the International Monetary Fund. Billionaire Elon Musk-owned Twitter is expected to make changes in its privacy policy soon. Elon Musk ET Here's the problem with King Solomon: There's actually no factual evidence that he ever existed. Teslas fortunes have largely driven Musks own net worth, which is now equivalent to the annual GDP of a small-to-medium sized country. He is also know for being the CEO and CTO of SpaceX and chairman of SolarCity. Elon along with Ian Wright and J.B. Straubel were the company's first employees and retroactively named co-founders. The Tesla and SpaceX entrepreneur was pushed into the top slot after Tesla's share price increased on Thursday. Painfully, Sergey had long-been one of Musk's biggest supporters. Or a guy in 2021 who has $300+ billion? As of December 29, Musk had a net worth of $277 billion. Each new project has been financed, at least in part, by funds generated from previous business successes, with each new effort becoming ever more ambitious. Elon Musk Is Building a Sci-Fi World Calculated in another way, if Musks net worth was distributed evenly among all 328 million citizens in the US, each person would receive roughly $600 the same amount the US government handed out as a stimulus check during the pandemic. On January 8, 2021 Elon ended the week with a net worth of $210 billion after starting the week worth $170 billion. Now, if you use an inflation-adjustment calculator with the number $1.5 billion and the approximate year 1935, you land on around $30 billion. Within three years Elon unlocked all 12 tranches of the compensation plan as Tesla's market cap ultimately zoomed above $1 trillion for the first time in October 2021. The first chunk of options were granted once Tesla hits a market cap of $100 billion (roughly double the value when the plan was announced). Elon Musk has become the world's richest person, as his net worth crossed $185bn (136bn). Daniel Ives, an analyst with Wedbush Securities wrote: "A Blue Senate is very bullish and a potential 'game changer' for Tesla and the overall electric vehicle sector, with a more green-driven agenda now certainly in the cards for the next few years.". BBC business reporter, New York Elon Musk, the world's richest person, has tweeted he will pay $11bn (8.3bn) in tax for this year. Their primary product was an internet-based guide for cities, that was geared towards the publishing industry, particularly newspapers. If you believe the biblical legend of King Solomon, he was the richest human being of all time, worth the modern equivalent of trillions of dollars.
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