Elon Musk becomes the richest person in the world by the highest stake in Tesla’s stock, He derives 20% of his wealth from tesla’s share. This year tesla's share is so high. As all people know, tesla's share has broken records after records of reaching all-time high share prices.
In this article, you’ll get full insights into how Elon Musk becomes the richest person in the world.
We all know him as the CEO of some most innovative, creative, and world-changing companies, those are SpaceX (a private organization), and Tesla. We also know about his mission of helping humanity with his project Neuralink & creating robots with OpenAI.
Also, we are aware of the fact that he is having a company creating energy from solar power i.e with SolarCity and I bet you all know the funniest incident when Elon Musk was stuck in a traffic jam and then he got the idea of creating an underground tunnel so that he and people as well can go anywhere faster than ever using the tunnels made by The Boring Company & Hyperloop for cargo.
Along with that, he has invested in many stocks and growing companies, such as Stemcentrx, vicarious (Artificial Intelligence Company), (a market consultancy company that help in growing other businesses, he also invested in Alphabet Inc. Google’s Deepmind (a British artificial intelligence and research laboratory), Stripe (a financial services company in San Francisco, California and Dublin, Ireland. Stripe company also offers payment processing methods, just like Elon Musk’s company Paypal (later sold for $1.5 billion.)
Investments and shares in many companies including Tesla, (many sources of income) made Elon Musk the Richest Person in the world.
These companies aren’t that profitable to make a person the richest man in the world. And, SpaceX is a private organization. But the growth & increase in wealth of Elon Musk is directly linked with Te$la’s share & market capital growth.
Tesla’s market capitalization is more than all other car manufacturing companies combined. Tesla’s market capitalization, as on 31 dec 2020, was $669 Billion, while on the other hand, the market capital of other car manufacturing companies such as FCA, Ford, BMW, GM, Daimler, Volkswagen, Toyota, combined was $654 Billion.
FCA (Fiat Chrysler Automobiles), this car manufacturing company is the parent manufacturing company of many famous & luxury cars, such as Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, Maserati, and Ram Trucks.
Ford motor is an automotive group that owns three car brands. These are Ford, Lincoln, and Troller.
BMW automotive group owns the most famous and luxurious car brands, such as BMW, MINI, and Rolls-Royce Motor Cars.
GM (General Motors) there are 9 Brands owned by this automotive car manufacturing group. These are Buick, Cadillac, Aubobaoijun, Chevrolet, GMC, Holden, Opel, Jiefang, Wuling.
Daimler is widely known as the manufacturer of Mercedes Benz.
Volkswagen is one of the biggest and most famous car manufacturing group comprises of 12 brands from 7 European countries, these are Bentley, Bugatti, Lamborghini, Porsche, Volkswagen, Audi, SEAT, ŠKODA, Ducati, Scania, and MAN.
Toyota is the most famous car manufacturing & brand itself also own Lexus, Daihatsu, and Hino Motors.
But Tesla is a more valuable company than all of these. Because of its clear mission, and vision of creating Electric cars that are good looking, fast, and easy to use with loaded features. Creating a sustainable environment, and allowing us to contribute a part in saving the environment.