U.S. magazine Forbes reported that Musk, CEO of Tesla, has become the first person in the world to cross the $500 billion wealth milestone. According to Forbes, based on real-time data, the entrepreneur’s wealth has exceeded this mark, surpassing the world’s second-richest person, Oracle founder Larry Ellison, by $150 billion.<\/p>\n\n\n\n
Musk holds stakes in companies such as Tesla, the electric vehicle manufacturer. The company’s stock rose by about 4% on Monday, boosting his wealth by approximately $9 billion. Additionally, Tesla’s board recently proposed a new compensation package for Musk, which, if targets are met, could see him awarded Tesla stock worth up to $1 trillion.<\/p>\n\n\n\n
It is reported that Musk currently holds a 12% stake in Tesla, valued at about $191 billion. He also holds a 42% stake in SpaceX, valued at approximately $168 billion. Furthermore, Musk holds a 53% stake in xAI Holdings, valued at $60 billion. The company was formed by the merger of Musk’s artificial intelligence company xAI with the social media platform X. The X platform was formerly Twitter and was acquired by Musk in 2022.<\/p>\n\n\n\n
If Musk’s wealth continues to grow at this rate, he is on track to become the world’s first “trillionaire” by March 2033. However, Musk stated that he is not in it for the money. He posted on the X platform, “Compensation is not the point. The key is that I can maintain sufficient influence over Tesla.”<\/p>\n","protected":false},"excerpt":{"rendered":"
U.S. magazine Forbes reported that Musk, CEO of Tesla, has become the first person in the world to cross the $500 billion wealth milestone. According to Forbes, based on real-time data, the entrepreneur’s wealth has exceeded this mark, surpassing the world’s second-richest person, Oracle founder Larry…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-775","post","type-post","status-publish","format-standard","hentry","category-lifestyle"],"_links":{"self":[{"href":"https:\/\/morelinks.top\/index.php\/wp-json\/wp\/v2\/posts\/775","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/morelinks.top\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/morelinks.top\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/morelinks.top\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/morelinks.top\/index.php\/wp-json\/wp\/v2\/comments?post=775"}],"version-history":[{"count":1,"href":"https:\/\/morelinks.top\/index.php\/wp-json\/wp\/v2\/posts\/775\/revisions"}],"predecessor-version":[{"id":776,"href":"https:\/\/morelinks.top\/index.php\/wp-json\/wp\/v2\/posts\/775\/revisions\/776"}],"wp:attachment":[{"href":"https:\/\/morelinks.top\/index.php\/wp-json\/wp\/v2\/media?parent=775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morelinks.top\/index.php\/wp-json\/wp\/v2\/categories?post=775"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morelinks.top\/index.php\/wp-json\/wp\/v2\/tags?post=775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}