Elon Musk's net worth is close to $300 billion
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Tycoon's fortunes have soared as Tesla's market capitalization recently surpassed $1 trillion
Elon Musk's total assets are close to $300 billion, putting him ahead of the world's most extravagant individuals by a huge number of dollars.
TSLA - 2.51%▼ Tesla Inc. CEO Performance on paper, it was $287 billion as of Tuesday, according to the Bloomberg Billionaires Index, a daily update of the ranking of the planet's most extravagant individuals. According to the correlation, the organizer of Amazon.com Inc. Jeff Bezos - the second most extravagant individual - total assets of 196 billion dollars.
Mr. Musk's wealth is more than twice that of his benefactor Bill Gates, Google's main backers Larry Page and Sergey Brin and Facebook Inc.'s chief executive. Mark Zuckerberg, as listed by Bloomberg. Determining the specific total assets of the world's wealthiest can be somewhat uncertain given that much of their wealth is private.
Mr. Musk's unique abundance is currently higher than the market gains of all but 21 organizations in the S&P 500 index, according to Dow Jones market data as of Wednesday morning.
As Mr Musk's total assets have risen, he has also been criticized for a proposed new capital gains tax in President Biden's social spending and environmental change order. The arrangement would address the hidden top-up tariff on the very wealthy, meaning they would be saddled with the rising value of resources, whether they were sold or not. This would, in effect, have the ability of very wealthy people to allow capital gains burdens indefinitely.
Mr. Musk tweeted recently, responding to another Twitter client who suggested that any new hidden capital gains fees would ultimately hurt working-class speculation about going to pension.
Defenders say the proposal, whenever implemented, would likely create an enormous flat income from the wealthiest citizens, a large number of whom currently manage to keep their uncovered salaries and fees low. "A billionaire income tax would ensure the extremely wealthy pay taxes consistently, just like working Americans," said Senate Finance Committee Chairman Ron Wyden (D., Ore.).
The move in Mr Musk's total assets comes after Tesla's market cap interestingly topped $1 trillion on Monday. Car rental organization Hertz Global Holdings Inc. said it had ordered 100,000 Tesla electric cars, prompting Tesla's offer to jump 13% on the day.
Tesla is currently one of five US companies with a market value of more than $1 trillion, according to Dow Jones Market Data.
Tesla aside, Mr. Musk is the main backer and CEO of the closely held space exploration organization SpaceX, which sent four ordinary citizens into space last month. SpaceX recently had a valuation of nearly $100 billion.
SpaceX and Mr. Musk own bitcoins, he said.
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In addition, Mr. Musk runs the Boring Co., which seeks to produce rapid underground transportation.
Before that, he helped found an online installment organization that later became PayPal. eBay Inc. Online Business Center bought PayPal for $1.4 billion, and Mr. Musk made more than $100 million on the deal. Musk's new surge in total assets is notable because he has acquired $117 billion of them this year alone, according to a Bloomberg filing. Mr. Bezos' total assets, meanwhile, have moved $5.2 billion since the start of the year.
Both Amazon and Tesla did not immediately respond to messages seeking comment from Messrs. Bezos and Musk.
Mr Musk's total assets surpassed Mr Bezos's in early January this year, when the value of Tesla shares gained virtually 8% in one day.
Recently, Mr. Musk poked Mr. Bezos over his position as Amazon's No. 2 organizer when he responded to Mr. Bezos' tweet with a silver decoration emoticon showing the number two. Mr. Bezos' tweet referenced an old article about Amazon that questioned the organization's action plan.