Elon Musk is now the richest individual in the world. Know your net worth and plans


Elon Musk, co-founder of Tesla and rocket company SpaceX, added $ 122.3 billion to his fortune this year, bringing his net worth to $ 292 billion, according to the Bloomberg Index. He is the first man to achieve such a fortune. Musk’s individual worth is even higher than that of the Daimler Group and the BMW Group – both are worth $ 107.01 billion and $ 66.16 billion.

The richest person in the world, Elon Musk, said he plans to use his money to “bring humanity to Mars and preserve the light of consciousness.”

Musk’s wealth has exploded in part because he hasn’t sold any of his Tesla shares in years, instead appealing to banks for loans using his stake in the electric vehicle maker as collateral. His fortune jumped by over $ 10 billion in a day after Tesla became the first automaker to be valued at over $ 1 trillion.

Musk alone is now more popular than automakers such as Ford, GM, and Volkswagen. Elon Musk is now worth $ 302 billion while GM has a market cap of $ 78.74 billion, Ford has a market cap of only $ 68.23 billion, and Volkswagen has a market cap of $ 140.87 billion.

The peak in Musk’s value came after Tesla surpassed the trillion after Hertz ordered 100,000 vehicles from the electric car maker. Musk is followed by Amazon founder and chairman Jeff Bezos, who is worth $ 199 billion, although he became the first man to cross the $ 200 billion mark.

Tesla only became the fifth U.S. company to have a valuation of over $ 1 trillion, joining Amazon, Apple, Microsoft and Alphabet, Google’s parent company. While this has happened, Microsoft has usurped Apple as the most valuable company on the planet after the iPhone maker reported lower than expected fourth quarter revenue due to issues caused by the global semiconductor shortage.

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