What Elon Musk can buy with his $335 billion
What Elon Musk can buy
With a net worth of $335 billion, Elon Musk is the world's richest man by a huge margin. The Tesla and SpaceX CEO is so rich that his net worth is more than the GDP of several countries. Find out what Musk can acquire with his massive net worth.
It is no secret that Tesla and SpaceX CEO Elon Musk is the richest person in the world, and by some margin. As of Tuesday, Elon Musk is worth $335 billion. The outspoken tech entrepreneur’s net worth is nearly $150 billion more than the personal wealth of the world’s second richest man, Jeff Bezos.
The 50-year-old is the first person in the world whose net worth has crossed $300 billion a feat he achieved in 2021 after Tesla shares witnessed an unstoppable rally on the US stock market.
The gains have boosted Musk’s net worth by $165 billion from the beginning of this year, as per the Bloomberg Billionaires Index. It won’t come as a surprise if Musk’s wealth crosses $350 billion soon or even $400 billion, given the spectacular rally in Tesla stocks.
Tesla shares surged over 8 per cent in the previous trading session, propelling Musk’s personal net worth rose up by $24 billion.
WHAT ELON MUSK’S NET WORTH CAN BUY?
With such a massive net worth, one thing is for sure: Elon Musk can buy pretty much anything he wants on the planet, including several countries (if they are up for sale).
Musk’s wealth is technically greater than the GDP of several countries in the world. Only 42 out of 211 countries in the world have a GDP of more than $335 billion, as per a graph on World Population Review's website, based on 2019 IMF data.
If there was an auction for countries around the world, Musk could definitely have bought several of them and still be left with billions. It may be noted that Musk's total net worth is more than the GDP of nearly 100 bottom-listed countries.
Among other things, Musk’s net worth could help him own every single major professional sports franchise in the United States and Canada, including Major League Baseball (MLS), the National Basketball Association (NBA), the National Football League (NFL) and the National Hockey League (NHL). The total value of these top four sports leagues is reportedly $260 billion. Even then, Musk would be left with $75 billion.
Among major corporations around the globe, Musk’s wealth could help him own some of the world’s biggest companies. For instance, his net worth is greater than the combined market capitalisation of multinational investment bank Citigroup ($141 billion) and major automaker Volkswagen ($143 billion).
He can also buy 188 million ounces of gold or 3.94 billion barrels of crude oil with his net worth. According to the Bloomberg Billionaires Index, his wealth is equivalent to 1.60 per cent of the US GDP; 3.91 per cent of the total wealth of the 500 richest people in the world; around 84.7 per cent of top 100 US college endowments; 5,305 per cent of top 200 US executives’ total awarded compensation and 14.3 per cent of US existing home sales.
Elon Musk’s net worth rises sharply as Tesla m-cap crosses $1 trillion
Elon Musk's Tesla has joined the elite club of companies that have a market capitalisation exceeding $1 trillion. Musk's net worth has also surged sharply as a result. Here is all you need to know.
US-based electric vehicle (EV) maker Tesla has joined the elite club of companies that have a market capitalisation of over $1 trillion.
Tesla reached the milestone after its stock crossed $1,000 for the first time following a 14.5 per cent rally on the NASDAQ index. The US electric carmaker's stock rallied after rental car company Hertz Global Holdings said it would buy 1,00,000 EVs from Tesla to ramp up operations. The order will be fulfilled completely by the end of 2022.
Only a few companies in the world have a market capitalisation that exceeds $1 trillion, including the likes of Apple and Microsoft. It may be noted that Tesla is the first carmaker to join the exclusive club.
TESLA’S M-CAP GREATER THAN TOP 5 BSE FIRMS
Tesla’s market capitalisation is now greater than the combined value of the top five companies listed on the Bombay Stock Exchange (BSE).
The combined market capitalisation of the top five firms listed on BSE is $688 billion, which is lower compared to Tesla’s $1.02 trillion, recorded at yesterday’s closing. Tesla shares have been performing spectacularly this year, rising over 60 per cent since May 2021.
The fresh rally that helped Tesla cross the $1 trillion market capitalisation milestone is a massive order that it received from Hertz Global Holdings. The rental car behemoth has placed an order for 1,00,000 EVs. The order will be primarily for its Model 3, which is also the top selling EV in Europe.
ELON MUSK’S NET WORTH JUMPS
Tesla chief Elon Musk's net worth has jumped sharply after the electric carmaker’s shares rallied sharply.
According to the Bloomberg Billionaires Index, Elon Musk is the richest person in the world with a net worth of $289 billion. Musk’s wealth is $96 billion more than Jeff Bezos , who occupies the second position on the index with a net worth of $193 billion.
Elon Musk wealth jumped $36 billion as a result of the sharp rally in Tesla stocks, while his net worth has soared $119 billion (YTD) since the beginning of this year.
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Zulqarnain Haider
I write short stories and poetry. I hope you find yourself in between the spaces of my words.
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