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Elon Musk Now Has About $1 Trillion More Than the Next Richest Person in the World
Gizmodo • • business
Key Points:
- Elon Musk's net worth surged to approximately $1.3 trillion after trading on Monday, making him a trillionaire according to Forbes.
- Musk's wealth is roughly a trillion dollars more than the next richest person, Google co-founder Larry Page, who has $301.4 billion.
- Bloomberg estimates Musk's net worth slightly lower at $1.27 trillion, but he remains the richest person globally even if he lost up to $900 billion.
- Musk's wealth increase is primarily due to the rising valuation of SpaceX, of which he owns about 42%, as the company went public and attracted investor demand.
- This net worth growth does not directly reflect daily profits from his CEO roles at Tesla or SpaceX but rather changes in stock market valuations.
