Elon Musk becomes first person with $500 billion net wealth:Tesla’s share price rises over 3%; Musk’s net worth swells up 34 times in 10 years

Tesla owner Elon Musk has become the first person in the world to touch the figure of $500 billion in net wealth. According to Forbes Real-Time Billionaires List, Elon Musk’s net worth reached $500 billion (₹44.33 lakh crore) on Wednesday. On Wednesday, there was a surge of 3.31% in the company’s shares, due to which this increase was seen in Musk’s net worth. His wealth has increased 34 times in the last 10 years. Tesla’s shares closed at $459.49 apiece. Musk’s net worth increased 34 times in the last 10 years Tesla’s share rose 83.65% in 1 year
Tesla’s market cap is around $1.44 trillion (₹127 lakh crore). Its share price is $459.46. Tesla’s stock has given a return of 78% in the past 1 year. The company’s share has risen 62% in the last six months. Tesla has two showrooms in India – in Mumbai and Delhi. Created and sold video game at age 12
Elon Musk is the richest person in the world. He is the CEO of popular electric vehicle maker Tesla and also of SpaceX. Musk learned computer programming at age 10 and created a video game called ‘Blaster’ at age 12. A local magazine bought it from him for five hundred US dollars. This can be considered Musk’s first ‘business achievement’. In 1995, he founded the web software company Zip-2. Compaq acquired this company in 1999 for $307 million. From this deal, Musk received $22 million for his 7% stake in the company. This marked the real beginning of Elon Musk’s business journey. eBay bought PayPal
Musk founded PayPal in 1999. eBay acquired it in 2002 for $1.5 billion. Musk earned $180 million from this deal. Immediately after this, Musk established SpaceX. Through this company, Musk wants to establish a colony on Mars and make humanity a multi-planet species. Musk created companies like Tesla, SpaceX and Neuralink Tesla: Tesla was founded in 2003 by Martin Eberhard and Marc Tarpenning. Elon Musk was one of the early investors in the company and made a major investment in Tesla in February 2004. After this, Musk became Tesla’s chairman and then CEO. Tesla’s goal was to make electric cars accessible to common people and promote sustainable energy. SpaceX:SpaceX was founded by Elon Musk in March 2002. His dream was to reduce the cost of space launches and establish human settlement on Mars. SpaceX launched its first successful rocket (Falcon 1) in 2008 and in 2012 its Dragon capsule docked with the International Space Station. Neuralink:Neuralink was founded by Elon Musk in 2016. The company’s purpose is to develop brain-machine interface technology that connects the human brain with computers. Neuralink’s goal is to treat neurological diseases and better integrate humans with artificial intelligence in the future.