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Elon Musk’s Fortune Surpasses $300 Billion

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elon musk 300 billion net worth

Musk’s net worth has risen to $300.8 billion, the second time he’s surpassed the previously untapped $300 billion milestone.

Tesla’s stock soared about 2% on Monday after Musk tweeted that the Model 3 Plaid car would be available in China as soon as March, closing up five days of increases for the business and boosting $4.6 billion to the maverick billionaire’s personal worth.

Three weeks ago, when rental vehicle giant Hertz announced a huge Tesla order, Tesla’s market worth soared beyond $1 trillion, he became the first person to do so.

Who Is Elon Musk?

Elon Musk is among the most innovative entrepreneurs of our time.

Elon Musk, the eccentric co-founder of PayPal (PYPL) and Tesla (TSLA), as well as SpaceX, Neuralink, and The Boring Company, is an innovative entrepreneur. He is the CEO of Tesla as well as the CEO and primary designer of SpaceX.

Musk, who was born and raised in South Africa in 1971, spent time in Canada before settling in the United States.

Musk started his journey as a serial tech entrepreneur with early successes such as Zip2 and X.com, and was a driving force behind the formation of PayPal which he sold to eBay for $1.5 billion.

According to Forbes, Musk is still the world’s wealthiest individual, with $95.3 billion more than Jeff Bezos, who is worth $205.5 billion as of Monday’s market close.

Tesla

In 2004, Musk joined forces with engineers Martin Eberhard and Marc Tarpenning to assist operate Tesla Motors which had been running prior to his involvement, where he was instrumental in the development of the Tesla Roadster, an electric vehicle.

Musk assumed managerial authority as CEO and product architect after Eberhard was fired from the company in 2007 due to a series of conflicts. Tesla has grown to be one of the most popular and desirable vehicle brands in the world under his leadership.

Tesla, in addition to creating electric automobiles, has a strong presence in the solar energy sector, courtesy to its purchase of SolarCity.

This clean-energy services firm, which was founded in 2006, now develops two rechargeable solar batteries that are primarily used for stationary energy storage.

SpaceX

Musk used a large chunk of the money from his PayPal sale to establish Space Exploration Technologies Corporation, or SpaceX, an interstellar travel company which he invested over $100 million during its formation.

Musk has been outspoken about his aspirations to deploy an astronaut to Mars by 2025 as part of a joint NASA-Musk project, and has been awarded some lucrative contracts from NASA and US Air Force.