How rich is Elon Musk?

Elon Musk's fortune could buy millions of homes, thousands of private jets, or even acquire entire NBA basketball and NFL football teams.

According to Forbes ' real-time billionaire rankings, Elon Musk remains the world's richest billionaire with a net worth of $827.7 billion . He is also the first person in the world to have a net worth exceeding $500 billion .

However, this record is about to be broken even further by Elon Musk himself. SpaceX just released its IPO filing after the market closed on May 20th, revealing the most detailed financial picture ever of the company founded by Elon Musk 24 years ago.

This rocket manufacturer is expected to list on the Nasdaq under the ticker symbol SPCX later this year. This is anticipated to be the largest IPO in history, raising approximately $75 billion , with a total valuation of up to $1.75 trillion .

The Wall Street Journal predicts that after SpaceX goes public, Elon Musk's net worth will surpass $1 trillion , an unprecedented record.

He earned an average of $3.6 million per hour for 31 years.

According to an analysis by the Wall Street Journal , Elon Musk's net worth is currently approximately $970 billion , the majority of which is held in the form of stocks.

Elon Musk's asset structure. Photo: Bloomberg.

If you divide the money he accumulated throughout his career equally, that's equivalent to him pocketing $992 every second.

Specifically, according to an analysis by the Wall Street Journal , Musk's asset structure is distributed as follows: $538 billion from SpaceX shares, $167 billion from Tesla shares, $10 billion from The Boring Company and Neuralink shares, and approximately $150 billion in stock options in companies that Musk can exercise at any time.

Another significant portion of Elon Musk's $104 billion fortune is the value of real estate, private jets, and other investments and assets, according to Altrata's estimates.

Musk is currently 54 years old. He co-founded his first technology company in the US in 1995, 31 years ago. To accumulate $970 billion during that time, the billionaire earned an average of about $3.6 million per hour.

To put it into perspective, an average American household earning $83,730 in 2024 would have to work non-stop for over 11 million years to reach the same level of wealth as Elon Musk.

Ingrid Robeyns, a philosopher and economist , once wrote that the wealth of the world's richest people has skyrocketed to levels almost unimaginable to the average person. More recently, she estimated that Musk would earn approximately $4.2 million per hour during his career, if he worked 70 hours a week without taking any time off until he was 75 years old.

Enough to buy 2.4 million homes in the US or 10,000 private jets.

Much of Musk's wealth is tied to the companies he runs. In 2020, the billionaire shocked the world with his statement that he "wouldn't own any houses" and sold off numerous properties in California. However, Musk later still invested in homes in Texas.

Musk could potentially borrow billions of dollars by mortgaging his shares in SpaceX and Tesla. However, it's important to recognize that the vast majority of this wealth remains largely paper-based.

However, if converted into cash, with $970 billion , Elon Musk could easily pay for 2.4 million average homes in the US, buy 10,000 private jets, or acquire entire sports teams in the two most expensive leagues in America: the NFL (American football) and the NBA (basketball).

Furthermore, Musk's net worth completely exceeds the annual economic activity (GDP) of more than 125 countries worldwide, including major economies such as Norway, Thailand, Argentina, and South Africa. In fact, the Tesla CEO's personal wealth is currently equivalent to approximately 3% of the entire US GDP.

With this share, Elon Musk has easily surpassed John D. Rockefeller, the richest American who ever existed before Musk's era.

Musk's net worth has completely exceeded the annual economic activity (GDP) of more than 125 countries worldwide. Photo: BeInCrypto.

One hundred years ago, Rockefeller rode the wave of industrialization to transform Standard Oil into a vast monopoly, controlling the entire railroad and oil pipeline system. This ruthless monopoly was eventually forced to break up by the U.S. federal government.

By 1937, Rockefeller had amassed a fortune of approximately $1.4 billion , which at the time was equivalent to about 1.5% of the US GDP.

Despite the challenging business environment for SpaceX and Tesla, Elon Musk is still making an enormous amount of money.

Industry experts believe Elon Musk continues to get richer because his wealth is based on the value of his shares and market expectations for the future of his companies, rather than on current profits.

The market typically doesn't value a business based on current profits, past losses, or operating history. Instead, a company's market value is primarily determined by expectations of future profitability.

Elon Musk has "convinced" both the stock market and private investors that his companies will generate huge profits in the future.

Specifically, Musk argued that he could operate the business more efficiently than competitors at scale and that SpaceX had gained significant market share thanks to its superior technological achievements.

Furthermore, investors are also attracted by the 54-year-old billionaire's vision, such as sending humans to Mars, electric vehicles, or implanting AI chips in the human brain. This also contributes to investors believing that he is pursuing a grand mission.

Source: https://znews.vn/elon-musk-giau-den-muc-nao-post1656454.html