Categories: WORLD

Is Elon Musk richer than the 693 “poorest” billionaires combined? Report shows

How rich are you Elon Muskexactly? The tech mogul currently leads the pack with an estimated net worth of $832.1 billion. According to Forbes, his wealth is actually about $54 billion more than the combined fortunes of Jeff Bezos, Mark Zuckerberg, Larry Ellison and Warren Buffett, quickly making him the first-ever trillionaire.

Elon Musk, the world’s richest man, could become the world’s first trillionaire. (Reuters)

The socket is located tweet It was explained that Musk’s wealth exceeds the combined wealth of the world’s 693 “poorest” billionaires. Their net worth reportedly ranges from $1 billion to $1.4 billion.

Also read: What’s in the $50,000 Texas home of Elon Musk, the world’s richest man? Mom Meyer Musk Reveals

Elon Musk has co-founded seven companies. These include electric car maker Tesla, rocket maker SpaceX and artificial intelligence startup xAI. As the value of his companies and other investments continues to grow, he is worth more than three times that of Larry Page. this Google The co-founder is the second richest person in the world, with an estimated net worth of $257 billion.

The tech mogul has broken multiple financial records over the past year, becoming the first person in history to cross the $500 billion, $600 billion, $700 billion, and most recently, the $800 billion mark.

Under Tesla’s new performance-based pay package, Musk could become the world’s first trillionaire if the electric car giant hits its next set of ambitious growth goals.

Elon Musk’s early life and education

He was born in South Africa in 1971 to Maye Musk, a model and nutritionist, and Errol Musk, an electromechanical engineer. He attended Queen’s University in Kingston, Ontario, and later transferred to the University of Pennsylvania. In 1995, he graduated from American University with degrees in physics and economics.

Elon Musk’s partners and children:

In 2002, Musk married his Canadian-born college sweetheart, Justine. Their eldest son, Nevada Alexander, died at 10 weeks old. The couple later underwent in vitro fertilization and welcomed five more children – twins Griffin and Vivian, and triplets Kai, Saxon and Damian. The couple divorced in 2008.

In 2010, he married Talulah Riley and they divorced in 2012. They remarried a year later but divorced again in 2016. The couple does not have any children.

The tech mogul had an on-again, off-again relationship with singer Grimes starting in 2018, but later split. They have three children together: Techno Mechanicus, X Æ A-12 and Exa Dark Sideræl.

According to Business Insider, in 2021, Musk and his then partner Neuralink executive Shivon Zilis welcomed Strider Sekhar Sirius and Azure Astra Alice. The Tesla CEO has repeatedly said that his son Strider’s middle name is in honor of the famous Nobel Prize winner, Indian-American physicist Subrahmanyan Chandrasekhar.

In 2024, Musk and Zilis welcomed their third child: Arcadia. A year later, they gave birth to a baby boy named Seldon Lycurgus.

Influencer Ashley St. Clair, 26, revealed in an explosive tweet last year that she had given birth to the tech mogul’s child.

Who will inherit Elon Musk’s vast wealth?

Musk’s views on succession are anything but traditional. Unlike other entrepreneurs who often groom their children to become leaders, he strongly rejects the concept of passing on wealth to “unworthy children.”

I’m definitely not someone who automatically gives my children some shares in a company, even if they have no interest, desire or ability to run the company,” he once said, according to a 2023 Forbes report. “I think this was a mistake.”

Also read: Who is Devendra Chapleau? Elon Musk reacts to IIT Bombay alum joining xAI to develop superintelligence

He believed in a performance-based approach and recommended giving leadership to deserving individuals within the organization rather than simply transferring shares to heirs.

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