Elon Musk's Net Worth Nears $750 Billion
Elon Musk (screen capture). Image.
According to Forbes, Elon Musk, the founder of SpaceX, has become the first billionaire in history to have a net worth exceeding $700 billion.
This new record is related to a court ruling from the Delaware Supreme Court — the state's highest court overturned a lower court's decision, reinstating Musk's Tesla stock options, which are currently valued at $139 billion. Forbes estimates that due to this successful appeal, Musk's net worth has now reached $749 billion. Of this, his 12% stake in Tesla is valued at $197 billion.
On December 15, Musk became the first person in history to have a net worth exceeding $600 billion. Previously, before SpaceX's planned initial public offering (IPO) in 2026, the company was valued at $800 billion, which increased Musk's net worth by $168 billion and helped him set a new record. Bloomberg pointed out that this IPO is expected to be the largest stock offering in history.
Forbes said that Musk holds about 42% of SpaceX, which is valued at $336 billion, making it his most valuable asset.
The media stated that currently, Musk is closer to the title of "trillionaire" than to losing the position of "world's richest person." According to Bloomberg data, Musk's net worth is $37.3 billion higher than that of Larry Page, co-founder of Google, who has a net worth of $265 billion.
In October this year, Musk's net worth exceeded $500 billion, setting a new historical high. Previously, only Larry Ellison, founder of Oracle, had reached milestones of $300 billion and $400 billion in net worth.
Original: toutiao.com/article/7586205891284713994/
Statement: This article represents the views of the author alone.