With a net worth exceeding USD300 billion, Tesla and SpaceX CEO Elon Musk became the first person on the planet to reach the milestone after his fortune surged by USD10 billion in a day thanks to a Tesla share spike.
The tech entrepreneur’s net worth reached USD302 billion on Thursday, increasing by USD10 billion after Tesla inked a huge deal with Hertz for the rental giant to buy 100,000 of its vehicles.
After this deal, Elon Musk is now richer than Jeff Bezos, founder of Amazon and the second richest person on earth, whose fortune sits at USD199 billion, more than the annual GPD of nations like Egypt, Portugal, Czech Republic, Greece, Qatar and Finland.
Musk’s current net worth also makes him worth more than the market value of PayPal, the company he co-founded, and more than the streaming giant Netflix.
As experts predicted, Elon Musk is most likely to become the world’s first trillionaire with a fortune that comes from his SpaceX venture rather than Tesla.
However, the future of this fortune remains threatened as taxes are being proposed, expected to be at least 20 percent of the gains. US Democrats have said it could reach an amount of USD200billion.
Musk showed displeasure with this proposition tweeting: “Exactly. Eventually, they run out of other people’s money and then they come for you.”
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