Not just his futuristic endeavours but Elon Musk himself has also become the buzzword in today’s times, no matter where one goes.
The Tesla CEO and SpaceX founder Elon Musk turned the tide by challenging and surpassing Jeff Bezos to become the richest man in the world on 7th January 2021. Bezos has reclaimed his top spot but currently at number two, the famed entrepreneur Musk walked up the money ladder faster than anyone else in history. Mere 18 months ago, Tesla was in the news for its shrinking cash deposits. There was also concern about Musk’s personal goodwill against the actual goodwill of the company. However, on 7th January, Tesla stocks witnessed a dramatic upsurge, one that made Musk the richest man in the world. Adding to the surprise factor, Musk was worth $27 billion when 2020 began. He wasn’t even among the top 50 richest in the world. The year observed a nine-fold increase in the company’s share value and so did Musk’s paycheck.
In July, Elon Musk became the seventh richest man in the world, surpassing Warren Buffett. Soon, November registered another dramatic upsurge and Musk became the second richest man leaving Bill Gates behind. Moreover, the increase in Elon Musk’s fortune during 2020 was more than Gate’s entire net worth last year.
Elon Musk’s plan to Leverage his Fortune
In a tweet in the year 2018, Elon Musk expressed why he wants to amass as much fortune as possible. The 49 years old entrepreneur plans to use half of his wealth for humanitarian purposes. The other half, he wants to use to colonize Mars and develop a city on the red planet. Musk wants to prepare Mars as the emergency habitat for humans in case Earth becomes unfit for the race.
Watch: Elon Musk’s Plan to colonize Mars as an emergency habitat for humans
The demand for Tesla’s electric cars surged dramatically after the authorities announced policies to eliminate combustion engines and reduce carbon footprint. During the first week of January, the market value of Tesla crossed a roof-shattering $700 billion. The company also joined the S&P 500 index of the biggest companies in the United States.
Apart from owning 20 percent shares in Tesla, Musk also owns SpaceX. The company currently transporting astronauts to the ISS for NASA. Musk’s SpaceX is working relentlessly to establish a human settlement on Mars. Hence, the billionaire is also at the forefront of a new trillion dollar industry.
Blue Senate means Sunny Days of Musk & Tesla have begun
Democrat victory in Georgia elections played a significant role in Elon Musk’s rise to the richest man in the world. Joe Biden and his administration have ambitious plans for environmental conservation. Democrat’s victory in Georgia confirmed their majority in the Senate. This means Biden won’t have to sweat for the clearance of any stimulus package or act. Biden promised measures to control environmental degradation. Consequently, he is highly likely to introduce tax credits for electric vehicles. US is also set to become the member of green agenda by the European countries.
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According to Daniel Ives, a Wedbush Securities analyst, if Tesla executes the delivery of 1 million electric cars by 2022, the company’s shares could hit $1,000 in a bullish market. Ives believes that “a blue Senate is very bullish and a game changer for Tesla”. Musk has stated that he is “super fired-up” for the vision of President Biden.
Musk’s Destiny is Set in Gold
And we mean it quite literally. While he touts cryptocurrency as the future gold, space mining is also among his interest areas. Rare metals and elements such as gold and titanium can be found in abundance on meteorites. Elon Musk is among the minds pioneering the space mining missions of the future.
Combining his vision across electric vehicles, space exploration, Mars terraforming, brain chip technology, and cryptocurrency, Elon Musk’s ambitions are all encompassing. For an average human, it is a portfolio incomprehensible and inconceivable. With every one of his company yet to realize their full potential, and the sheer audacity of the bucks at stake, Elon Musk is surely, slowly but steadily on course to become the richest man in world history. Not just bigger than Bezos and Gates, but the American industrialist John D Rockefeller and the legendary Mali ruler Mansa Musa.
