A Look At The $200 Billion Net Worth Of The World's Richest Person Elon Musk

With a massive net worth of $209 billion, Elon Musk is currently the world¡¯s richest person, with billionaires such as Jeff Bezos, Warren Buffett, Bill Gates, Mukesh Ambani etc. all behind him on the rich list.

From dreaming about being the richest man alive since childhood, to actually becoming one, Elon Musk¡¯s journey shows how hard work and determination can make you achieve whatever you set for in life.

From losing $200 billion in net worth last year to taking over Bernard Arnault twice this year to secure first rank in the list of the world's richest has been no cakewalk for Elon Musk.

But what exactly is the reason behind the mammoth net worth of Musk, the man who has been playing key roles at many of his companies, including SpaceX, Tesla and X? Let's find out.

What Is Elon Musk's Net Worth?

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Currently, as per the Bloomberg Billionaire Index, Elon Musk has a net worth of $209 billion, having added more than $70 billion to his wealth this year to date.

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Also Read: Why Apple CEO Tim Cook Once Rejected Elon Musk's Offer To Acquire Tesla

Which Companies Constitute The Majority Of Elon Musk's Net Worth?

As per Bloomberg, Elon Musk's current net worth of $209 billion mainly consists of the following:

SpaceX: $53.2 billion

The Boring Company: $3.33 billion

X Corp (formerly Twitter): $9.32 billion

Tesla: $90.4 billion

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Miscellaneous: $7.44 billion

Elon Musk owns about 13% of Tesla, according to an April 2023 regulatory filing, whereas he owns about 42% of SpaceX (as of July 2023).

Also Read; Elon Musk's X Launches 'Job Hiring Feature' To Take On LinkedIn

How Has Elon Musk's Net Worth Performed Over The Decades?

If we look back at the last decade, i.e. since 2013, here's how much net worth Elon Musk has had over the years:

6 Nov 2013: $8.02 billion

1 Nov 2014: 11.5 billion

9 Nov 2015: $11.4 billion

3 Nov 2016: $8.14 billion

4 Nov 2017: $19.8 billion

4 Nov 2018: $24.6 billion

6 Nov 2019: $26.3 billion

11 Nov 2020: $104 billion

6 Nov 2021: $338 billion

2 Nov 2022: $195 billion

6 Nov 2023: $209 billion

When Did Elon Musk Become A Millionaire?

Elon Musk had reached the millionaire status in 1999, at the age of 27, when he sold web software company Zip2 to Compaq, a then-declining computer manufacturing giant, for $307 million. Elon Musk reportedly netted a cool $22 million from the Zip2 sale. As per a TIME report, he promptly went out and spent $1 million on a McLaren F1 supercar. After hitting millionaire status at the age of 27, Musk reached billionaire status at the age of 41.

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