Elon Musk, the CEO of two large companies, is rich. Actually the other day became a trillionaire. A written trillion looks like this:
1,000,000,000,000
But after trading on Mondayhis net worth reached $1.3 trillion According to the rich-person-wealth-tracking site Forbes. The next person on the list after Musk is Google co-founder Larry Page with $301.4 billion. Elon Musk, in other words, isn’t just worth a trillion dollars, he’s nearly a trillion dollars more than the next richest person.
This is calculated differently (or simply rounded). By Bloombergwhich means Musk’s net worth is only $1.27 trillion. Unfortunately, assuming Musk’s calculation is correct, if Musk lost $1 trillion in net worth, he still wouldn’t be the world’s richest man — but either way, if he lost $900 billion, he’d still be the world’s richest man.
To be clear, it’s not like he crossed the threshold of having a 13-figure net worth because he did a good job as CEO that day and the profits poured into SpaceX or Tesla and that money went to him. It doesn’t work like that. The About 42% of SpaceX Once Musk’s shares went public, they increased in value as people eagerly bought them, increasing the company’s overall value. This is how we measure the wealth of tycoons.
It also means a particularly good or bad trading day for SpaceX or Tesla—approximately 12.8% of which is owned by Musk— will continue to cause dizzying fluctuations in Musk’s net worth from day to day. He In 2022, it lost $100 billion in one yearit was extraordinary at the time. But he won at least that much on Monday alone. If that discourages you, think about how much he could lose the next day. Or the day after that.
