Kathmandu. Elon Musk is the richest man in the world. He became the first person with a net worth of more than $600 billion.
In the last 24 hours, Musk’s net worth has increased by $ 167 billion. This sudden increase in Musk’s net worth is due to the rising prices of his rocket-building company SpaceX. As a result, his wealth surpasses all other billionaires in the world.
According to the Bloomberg Billionaires Index, Elon Musk’s net worth is about $ 638 billion. With this wealth, he surpasses Larry Page, the second richest man in the world, by more than $ 373 billion.
Musk’s wealth growth has widened the gap at the top of the rich list. Most of the richest people on this list are involved in the tech sector.
Elon Musk’s primary income comes from his companies Tesla, SpaceX, XAI, and others. A significant portion of his net worth comes from Tesla and SpaceX. He owns about 13 percent of Tesla and 42 percent of SpaceX.
The recent increase in SpaceX’s value has been a major factor in Elon Musk’s wealth growth. Musk does not receive a traditional salary from Tesla. His compensation is based on the company’s shares. Instead of selling his Tesla shares to raise funds, he has pledged for a loan, allowing him to keep his stake.
