Elon Musk Become The World's Richest Person .

Elon Musk Become The World's Richest Person 

 

Elon Musk Become The World's Richest Person

At the start of 2020, Tesla founder Elon Musk had every reason to feel pleased with himself. After all, he just been ranked the 35th richest person on earth. Not bad for a self made tech geek with rather niche interest in electric vehicles and space rockets. Fast forward to the end of 2020, however, and Ilan must now find himself ranked the second wealthiest human being alive behind only Amazon mogul Jeff Bezos. Today we're looking into the revenue streams which fed into his meteoric rise up the plutocrat pop charts and asking the question on everybody's lips will Elon Musk become the world's richest person during the course of this year, a year marked by financial strife and uncertainty for many people It should be noted, Ilan musk added around $100 billion to his personal piggy bank. 

 

 

 

 

 

 

 

 

 But how in November it was reported his net worth jumped on whopping $7.2 billion in just one month, when the Share Value of his car company Tesla surged. Tesla, it must be said hasn't always been such a money spinner losing money hand over fist for much of its short life. But as of late, the company has enjoyed a hot streak of five consecutive profitable quarters in spite of the global pandemic. So what drove this surge in share values? The announcement that Tesla will be traded on a standard and poor's s&p 500 index from December the 21st. This early Christmas present is a landmark move into the mainstream from Musk's 17 year old electric car firm, now valued at about $538 billion. 

 

 

 It will add a stroke become the seventh largest company on the s&p 500 in place just above financial services be Mr. fiza thanks in large part is roughly 20% stake in Tesla Musk's net worth presently stands at $128 billion. And believe it or not on top of that you'll soon be jeweled rather substantial pay day in 2018 Ilan musk in those days worth of poultry 20 or so billion negotiated a historic pay settlement with the Tesla board. The terms of this agreement stated that if Ilan musk could do the impossible and build Tesla up from a 54 billion upstart into a 650 billion giant in just 10 years, he'd be entitled to a one off sharelink payout of around $55 billion. 

 

 That was only two years ago mind he's already about 85% of the way there. If that windfall were to land in his paypal account tomorrow, hypothetically, Elan musk would be worth $183 billion. Jeff Bezos as we speak is reportedly only worth $192 billion before anybody starts to feel sorry for poro jeffy. Remember, we're only talking about nominal on paper strictly speculative wealth for now, because many analysts believe Tesla's value should well soar still higher. Considering governments around the world are right now pledging to ban sales of gas guzzling cars in favor of Tesla style electric vehicles. This actually seems almost inevitable by 2025. Experts reckon electric vehicles will make up 10% of all car sales up from around 3%. Today, Tesla is already the most valuable car company in the world worth $530 billion. 

 

 Compare that to Toyota is relatively measly 198 billion. This is even more striking when you consider Tesla deliver only around half a million vehicles a year compared with Toyota's mighty annual output of 10 million. And lest we forget, Tesla isn't Elon Musk's only job. SpaceX his rocket company presents a considerably more complex financial picture than Tesla. Its shares aren't publicly traded, so it's hard to say exactly how valuable it is still an October 2020 analysis by investment giant Morgan Stanley priced SpaceX at a cool $100 billion, up from a previous estimate of 52 billion in August. Musk's futuristic space business looks set to be Mission Control for the emerging space economy Gosh, the Morgan Stanley analysis, so how will it make money? rockets are a notoriously expensive endeavor, but must fast SpaceX earns most of its income delivering satellites into low Earth orbit. Many of these are third parties, but SpaceX is also depositing hundreds of its own so called starlink satellites into orbit as well. The plan is that Musk's privately owned constellation will deliver high speed internet to places on the globe which are presently inaccessible to broadband, Will it work? Some estimates think starlink might have over 350 million customers by the year 2040 and be generating 10s of billions in annual revenue as soon as the end of this decade.  

 

 

The project is already attracting plenty of smart money with about $6 billion said we've been put up by assorted parties already including $900 million invested by alphabet parent company of Google. So Elon Musk's personal 54% stake in SpaceX shouldn't do his bank balance any harm assuming all goes to plan. One question mark hanging over Elon Musk's future wealth is his ultimate passion project establishing a Martian colony. The technology required to get there is still very much in its infancy see that rough landing of starship smh just the other day, but if musk pulls it off, who knows what riches he could make beyond Earth's orbit, back in January during one of his trademark rabble rousing Twitter sprees, Musk suggested he'd like to send a million people to Mars by 2050. He would create he argued a lot of jobs. And if you're worried about the expense of getting there, he has you covered. The cost needs to be such that anyone can go if they want with loans available for them.

 

 

Those who don't have money. Well, he'll certainly have money. In conclusion, let's remember Elan musk himself isn't all that bothered about being the world's richest person. In a recent email to tycoon oriented Forbes magazine, Musk wrote, I really couldn't care less these numbers rise and fall. What really matters is making great products that people love.