Elon musk is nearing £300 billion fortune, set to become the richest person in history


Share this post

Thanks to a big car order from Hertz, Tesla's market cap has surpasses £1 trillion on Monday, subsequently Elon Musk has become the richest person on the planet.

Forbes estimates Musk's net worth to £271.3 billion, thanks to a 13% jump in Tesla's stocks and an additional 16 million new stock ooptions, worth $16.1 billion.

https://twitter.com/IGN/status/1453798982044594181?s=20

It took Tesla 12 years to get to this mark after its first public offering, making it the second-fastest company to reach $1 trillion, following Facebook, which took nine years. Tesla has also surpassed Facebook—which is down to $927 billion—on Monday.

Musk’s net worth is largely due to his 21 percent stake in Tesla, which he helped launch almost 20 years ago.


Share this post
Comments

Be the first to know

Join our community and get notified about upcoming stories

Subscribing...
You've been subscribed!
Something went wrong
Rapper Soulja Boy Declares For The 2028 U.S. Presidential Election

Rapper Soulja Boy Declares For The 2028 U.S. Presidential Election

Soulja Boy has built his hip-hop career on claiming historic firsts. Now, the Atlanta rapper is considering his most ambitious move yet: running for president of the United States. The “Crank That” hitmaker announced his political aspirations through Instagram, outlining four priorities for a potential presidential campaign. “My focus is on four things: economic opportunity, criminal justice reform, education, and the future of technology and AI,” he wrote. View this post on Instagram A po


O A

JAŸ-Z Makes History With Yankee Stadium Shows Earn $42.3 Million

JAŸ-Z Makes History With Yankee Stadium Shows Earn $42.3 Million

Hip-Hop mogul JAŸ-Z generated $42.3 million in gross ticket revenue from three concerts at Yankee Stadium, underscoring the enduring commercial value of his music catalog. The Brooklyn-born rap superstar performed July 10, 11 and 12 in New York City, celebrating the anniversaries of two career-defining albums. According to Touring Data, the three-night engagement generated $42,290,766 from 136,934 tickets sold. The performances averaged approximately $14.1 million in revenue nightly, with an a


O A

Sean “Diddy” Combs Reportedly Rushed to Hospital From Prison Following Head Injury

Sean “Diddy” Combs Reportedly Rushed to Hospital From Prison Following Head Injury

Diddy was rushed from a federal correctional institution to a nearby medical facility early Saturday morning following an emergency involving a head injury.  The music mogul, who is currently serving time at FCI Fort Dix in New Jersey, was reportedly transported by ambulance around 1 a.m. Sources familiar with the situation said the injury was not considered life-threatening. Combs remained conscious and was able to speak with medical personnel throughout the ordeal. He was treated for his inju


O A

Stephen A. Smith Issues Apology to Teyana Taylor and Iman Shumpert Over False Divorce Claims

Stephen A. Smith Issues Apology to Teyana Taylor and Iman Shumpert Over False Divorce Claims

Stephen A. Smith issued a public apology to singer Teyana Taylor and former NBA player Iman Shumpert after admitting he broadcast false information regarding the couple’s divorce settlement.  The controversy stems from an October episode of “The Culture Table,” a podcast produced by Smith’s Straight Shooter Media. During the broadcast, Smith alleged that Taylor had secured a massive financial victory in the split, claiming she walked away with $25 million in cash and an additional $10 million i


O A