The shocking truth about billionaire Elon Musk's fortune

Tesla and SpaceX CEO Elon Musk is not only the richest person in the world at the moment, but also has a fortune equivalent to that of two billionaires Bill Gates and Warren Buffet combined.

Billionaire Elon Musk. Photo: Bloomberg
Billionaire Elon Musk. Photo: Bloomberg

According to the Bloomberg Billionaires Index, as of the morning of October 15 (local time), the 50-year-old billionaire's net worth was $230 billion. Meanwhile, billionaire Gates is in 4th place with 130 billion USD and billionaire Buffett is in 10th place with 102 billion USD.

Previously, Mr. Gates and Mr. Buffett both held the position of the richest person in the world. Billionaire Musk first surpassed Amazon CEO Jeff Bezos to top the billionaire list in January this year with a fortune of $185 billion. Mr. Bezos has held on to this title since 2017.

Musk's fortune has grown by more than $60 billion this year, thanks to a strong performance in electric car company Tesla's stock and a recent share sale in space company SpaceX that has valued the company at a premium. $100 billion. Bloomberg reported that the SpaceX deal is bringing Musk an additional $ 11 billion.

Two billionaires Gates and Buffett would not be far behind Mr. Musk on the wealth rankings if not for philanthropic activities. These two men have donated tens of billions of dollars to charities over the years. Meanwhile, Mr. Musk has been criticized for not contributing more despite his huge fortune.

The Tesla boss once said he preferred to remain anonymous when doing charity. Earlier this year, billionaire Musk even asked Twitter users how to raise money. He has pledged to give away $150 million, including a $100 million prize in a carbon removal contest, this year. This figure is estimated by Recode to be more than all of his previous charities.

Google Tech News

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