Friday October 22, 2021
Flying high since 2020
Musk could become the first billionaire
Since the beginning of last year, Tesla boss Musk’s fortune has grown rapidly and is now estimated at $ 249 billion. His space company SpaceX could soon make the entrepreneur even richer. Possibly even the first billionaire.
Elon Musk is already the richest person in the world – with an estimated net worth of $ 249 billion. But that could soon increase. The entrepreneur could become the first billionaire in the world, an investment bank now predicted, according to “The Guardian”. Musk made most of his fortune from electric car maker Tesla.
According to the report, analysts at Morgan Stanley suspect that he could make a lot more money with his space research company SpaceX. The analyst Adam Jonas told the Guardian that the company, which was founded in 2002, “questions any preconceived notions about what is possible with regard to missiles, launchers and supporting infrastructure”. Experts estimated that SpaceX could become the highest rated company in the world.
SpaceX’s reusable Starship rockets, which could take people and cargo to the moon and Mars, have the potential to change the expectations of investors in the space industry, Jonas said.
Musk overtook Amazon boss Jeff Bezos in January to become the richest person in the world. In the meantime it lost the top spot, but is now back at the top of the “Bloomberg Billionaires Index”. Musk is believed to own about $ 51 billion more than Bezos at an estimated $ 249 billion.
Musk’s fortune has skyrocketed since the beginning of last year. In January 2020, the entrepreneur was number 35 on the super-rich list. In the course of the following months his fortune should have grown according to “Bloomberg” by 100.3 billion US dollars. In November he became the second richest person in the world. This year, the billionaire allegedly increased his wealth by 72 billion US dollars.