Musk is now halfway from becoming the first billionaire in history.
Eion Musk reached another important milestone on Wednesday, becoming the first person with a fortune of half a billion dollars. The richest person on the planet now has a fortune of 500 billion dollars, according to the Real -time billionaire tracker Forbesat 3:30 pm, east time. Musk, who became the first person with a fortune of 400 billion dollars or more in December, exceeds 150 billion to Larry Ellison, who follows him on the list, and is halfway to become the first billionaire in the world.
Tesla’s shares rose almost 4% at 3:30 p.m. (east time) on Wednesday, adding approximately 9.3 billion dollars to Musk’s fortune, while investors continue to celebrate the perspective of a reoriented musk. The price of the actions of the electric vehicle manufacturer has almost doubled since Musk announced for the first time, in the presentation of April results, which would leave his position as director of the Department of Government Efficiency (Doge) of President Trump to devote himself more to Tesla. With Tesla stock market capitalization again to 10% of its historical maximum achieved in December, the 12% Musk participation in the company is now worth 191,000 million dollars.
And that excludes the options on Tesla shares based on the performance of the 2018 Musk CEO compensation package, which today would be worth 133 billion dollars if compensation would not have been annulled by a Judge of Delaware in January 2024. Forbes He has discounted the value of these options by 50 % waiting for the result of the current Musk appeal against the ruling before the Supreme Court of Delaware. Meanwhile, in September, the Tesla Board of Directors proposed a new record salary package that could give Musk additional actions for a value of up to one billion dollars (before taxes and the cost of unlocking the restricted shares) if Tesla reaches “promoted by Mars” yield, as multiplying for more than eight its stock market capitalization during the 10 years of validity of the compensation.
Find out: 1 BDD payment plan of Elon Musk faces the rejection of state investors and officials
Tesla is not the only company to which Musk owes its fortune of half a billion dollars. Its rocket manufacturer, Spacex, which he founded in 2002, is now worth 400,000 million dollars according to a public offer of private acquisition in August, compared to the 350,000 million dollars last December. Musk has an estimated 42% participation in Spacex, valued at 168,000 million dollars. And then there is XAI Holdings, which Musk formed in March, when he merged its new XAI artificial intelligence company with the social networks that acquired in 2022, X (previously Twitter), in an agreement that valued the company combined at 113,000 million dollars. Musk has an estimated 53% participation in XAI Holdings, valued at 60,000 million dollars.
Reaching the 500 billion dollar brand in Net Heritage is only the last of a series of milestones that Musk has achieved in the last half decade. With a heritage of only 24.6 billion dollars in March 2020, the rise in Tesla’s shares made it the fifth person in history with a heritage of 100 billion dollars in August 2020. It became the richest person in the world for the first time in January 2021, with a net worth of almost 190 billion dollars. Subsequently, in September 2021, he became the third person in history with a heritage of 200 billion dollars (after Jeff Bezos de Amazon and the Frenchman Bernard Arnault of the conglomerate of luxury goods LVMH). Musk reached 300 billion dollars in November 2021 and 400 billion dollars in December 2024.
If you maintain that rhythm, Musk could become the first billionaire in the world before March 2033, when the first of the two acquisition dates of its Tesla salary package of 1 billion dollars are fulfilled. But, according to Musk, that prize has nothing to do with money.
“It’s not about ‘compensation’, but to have enough influence on Tesla to guarantee security if we build millions of robots,” Musk wrote in a September publication in X. “If in the future you can throw me advisory activists for shareholders who do not even have Tesla actions, I do not feel comfortable with that future.”
Note: Musk closed Wednesday with an estimated value of 499.1 billion dollars.
This article was originally published by Forbes US
Follow the information about the world in our international section
