Wow how do people make this money, Elon Musk is set to become a Trillionaire. Guardian reports that analysts at Morgan Stanley predict that the 50-year old CEO of Space X and Tesla could become the world’s first trillionaire, largely thanks to his aerospace company SpaceX.
Elon Musk, the world’s richest person is estimated to have a net worth of $242 billion, according to the Bloomberg Billionaires Index. Although he is already the world’s richest person, he could also become the first member of the four-comma club.
According to The Garh, analysts at Morgan Stanley have predicted that Musk, 50, could become the world’s first trillionaire largely thanks to his aerospace company SpaceX, People.com reports.
Elon Musk Set To Become First Trillionaire
Although he is already the world’s richest person, Musk could also become the first member of the trillionaire club.
“More than one client has told us that if Elon Musk were to become the first trillionaire… it won’t be because of Tesla,” analyst Adam Jones told the newspaper, referring to the electric car company behind the majority of his wealth to date.
“Others have said SpaceX may eventually be the most highly valued company in the world — in any industry,” Jones added.
SpaceX has celebrated a number of milestones this year, including successfully launching and landing a Starship rocket for the first time. Last month, SpaceX sent the first all-civilian crew into orbit.
Elon Musk Biography
Elon Musk is a South African-born American entrepreneur and businessman who founded X.com in 1999 (which later became PayPal), SpaceX in 2002, and Tesla Motors in 2003. Musk became a multimillionaire in his late 20s when he sold his start-up company, Zip2, to a division of Compaq Computers.
Musk made headlines in May 2012, when SpaceX launched a rocket that would send the first commercial vehicle to the International Space Station.
He bolstered his portfolio with the purchase of SolarCity in 2016 and cemented his standing as a leader of industry by taking on an advisory role in the early days of President Donald Trump’s administration. In January 2021, Musk reportedly surpassed Jeff Bezos as the wealthiest man in the world.
By his own account, Musk a self-described bookworm and something of a smart aleche read voraciously, everything from encyclopedias to comic books. But Musk’s intellectual aptitude did him a few favors as a child. He found few friends in the tough-minded Afrikaner culture he encountered in school.
Elon Musk Net Worth
Elon Musk is said to be estimating about 219.9 billon.
Elon Musk Company
Visionary entrepreneur Elon Musk is the charismatic co-founder of PayPal (PYPL) and Tesla (TSLA), as well as the founder of SpaceX, Neuralink, and The Boring Company. He serves as CEO of Tesla and CEO/lead designer of SpaceX.
Bloomberg reported at the time that Musk’s financial surge came as Tesla’s market share hit $500 billion, which was an all-time high for the electric automaker company. To get more details simply click here.