Posted on 10/26/2021 1:43:38 PM PDT by SmokingJoe
Thanks to a blowout earnings report and a big car order by Hertz, Tesla’s market cap surpassed $1 trillion on Monday—and CEO Elon Musk has emerged as the richest person in the history of the world.
Forbes estimates Musk’s net worth to be $271.3 billion as of the market’s close on Monday—up some $41.7 billion from Friday’s close. For that, he can thank a nearly 13% jump in Tesla stock plus more than 16 million new stock options, worth $16.1 billion, awarded following Tesla’s latest earnings report.
Musk is in uncharted territory, headed toward $300 billion. For comparison, Amazon’s founder and former CEO Jeff Bezos became the richest person to ever appear on The Forbes 400 ranking of America’s richest people earlier this month, topping the list with an estimated $201 billion fortune. His net worth climbed as high as $212 billion when Amazon’s stock peaked in July—a full $59.3 billion less than Musk is worth now. Microsoft mogul Bill Gates briefly surpassed $100 billion in April 1999, during the dot-com bubble’s apex. Adjusted for inflation, that’s just over $165 billion today. When Forbes first began tracking billionaire wealth, in 1982, the richest person in America was shipping magnate Daniel Ludwig, worth $2 billion, or about $5.5 billion in today’s dollars.
(Excerpt) Read more at forbes.com ...
President Trump will be rocketing up that list before long!
Genghis Khan - peak net worth: $100s trillions
Soooooo different from Gates.
Says who?
Not for nothing but how much actual profit has Tesla made on sales since it began marketing EVs.
Hardly.....John D. Rockefeller was worth close to $765,000,000,000 in today’s dollars.
I'd question that...
Are the historical comparisons adjusted for today's ridiculous dollar?
IAC, I consider myself the "richest" person in the world...
Still with the woman I married in 1960...
Still able to kick some ass, if needed, at 88 (in 3 weeks)...
Beat me to it!
Musk‘s wealth number is impressive, but most of it is in Tesla stock. If Musk decides to cash out, that number will surely go down. It’s a supply and demand kinda thing.
It’s sort of like my extensive Pet Rock collection. Worth maybe $8 total now. Worth a lot less if I put it all on the market at once.
How reliable are these figures?
How the heck would they know how much someone was worth over a thousand years ago?
“Not for nothing but how much actual profit has Tesla made on sales since it began marketing EVs.”
Amazon never made a profit for years. Investors see a profit potential in Tesla.
I think Amazon’s IPO was at $18 and then went to 2.00 share at one point. Only if I could go back in time.
An African American is the richest person in the world! Who wudda thunk it?
The one question I would like to ask Elon Musk, “Is there any fun or whimsical thing, solely from his, not other peoples’ point of view, that he would like to make happen?”
Not necessarily expensive, but something so incredibly cool as to redefine the word “cool” for hundreds of years.
An African American is the richest person in the world! Who wudda thunk it?
Sure if we imagine that the Rothchilds and British royals don’t exist. It’s easy if you try.
There are African Americans. Then there are African Americans.
Chuckle.
The far-left Forbes couldn’t bring itself to say “richest man” — they had to say “richest person.” FJB and FFM (F Forbes Magazine).
I frankly love the guy, he’s the modern Morgan Stanley and Edison all in one. Plus he’s an actual engineer, and autistic which I also appreciate.
He may just well jumpstart the human race into space more than anyone can imagine. Just an amazing guy.
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