Elon Musk’s net worth has outperformed $300 billion, making him the first person in the world to reach that achievement. It likewise implies the Tesla CEO is worth several billions more than the second-richest person on earth, Amazon founder Jeff Bezos.
Elon Musk was worth $302 billion as of Thursday, as per the Bloomberg Billionaires Index. That is an expansion of nearly $10 billion from the earlier day, because of a jump in Tesla shares on Thursday.
To give Elon Musk’s wealth some viewpoint, consider that it is greater than the annual GDP of countries like Finland, Chile, and Vietnam — and surpasses the market worth of Netflix and PayPal, an organization that he co-founded. The surge in Musk’s assets comes as legislators are thinking about a billionaires tax that would whittle down the wealth of the country’s around 700 billionaires.
Under the plan, tradable assets —, for example, Tesla’s stock — in a billionaire’s portfolio would be valued annually. If those assets are acquired in value, the billionaire would pay a tax on that addition, regardless of whether they haven’t sold the asset. Under current law, an increase is possibly taxed in case it is “realized” when its owner sells the asset and creates a profit.
Notwithstanding, the future of the billionaires’ tax is uncertain, considering that it was excluded from President Joe Biden’s system for the domestic policy package released Thursday. All things considered, that deal among Congressional Democrats isn’t final.
Of course, Elon Musk and other billionaires are voicing their disappointment with the proposed tax.
Elon Musk would be responsible for maybe a one-time $50 billion tax hit under the Democratic proposal. Forget it, he said on Twitter.
“My plan,” the SpaceX founder tweeted Thursday about his fortune, “is to use the money to get humanity to Mars and preserve the light of consciousness.”
Other billionaires are additionally voicing their resentment at the thought. John Catsimatidis, the billionaire grocery chain and real estate magnate who possesses Gristedes, censured the proposal as something you would “expect Putin to do,” referring to President Vladimir Putin of Russia.
Leon Cooperman, the outspoken billionaire investor who has since a long time ago condemned Senator Elizabeth Warren’s separate proposal for a wealth tax, has added his voice to the irritation coming from some of the super affluent.
In an interview with The Daily Beast, Cooperman said of the tax, “I doubt it’s legal, and it’s stupid.”
The following are the 10 richest people in the world, as per the Bloomberg Billionaires Index.
- Elon Musk: $302 billion
- Jeff Bezos: $199 billion
- Bernard Arnault: $168 billion
- Bill Gates: $135 billion
- Larry Page: $129 billion
- Sergey Brin: $125 billion
- Mark Zuckerberg: $118 billion
- Steve Ballmer: $116 billion
- Larry Ellison: $115 billion
- Warren Buffet: $105 billion