Fun fact: the founder of SpaceX is currently worth more than Pakistan’s whole Gross Domestic Product (GDP). In terms of net wealth, the entrepreneur has surpassed $300 billion. According to projections, Pakistan’s GDP in 2020-21 will be roughly $280 billion (at current market prices).
Elon Musk, the CEO of Tesla and SpaceX, has become the first person to have a net worth of $300 billion. According to the Bloomberg Billionaires Index, the 50-year-old billionaire’s current net worth is $311 billion (Rs 23.3 lakh crore). Musk’s net worth increased to $311 billion on Friday after reaching $302 billion on Thursday.
The increase in Elon Musk’s net worth on Thursday and Friday was due to a spike in Tesla shares following the announcement that the electric car company had signed a massive deal with Hertz to buy 100,000 of its vehicles. The Tesla CEO is now worth more than Ford, GM, and Volkswagen combined, with a net worth of almost $311 billion. Musk is worth more than PayPal, the company he co-founded, as well as Netflix, the streaming powerhouse.
According to the Bloomberg Billionaires Index, the billionaire is now worth nearly $100 billion more than the second-richest person on the planet, Amazon founder Jeff Bezos, who has a net worth of $195 billion.
On Wednesday, US-based journalist Edward Luce brought the comparison between Elon Musk’s net worth and Pakistan’s GDP to light. In a tweet, the associate Editor of the Financial Times remarked, “Elon Musk’s net worth now exceeds Pakistan’s gross domestic product – a country with 220 million people.”
Ramesh Sharma, a National Award-winning feature filmmaker and producer, responded with a witty tweet: “Is it possible for Elon Musk to acquire Pakistan? The world’s first trillionaire to possess a country!” “Then he’d be left with nothing (other than 220 million incredibly pissed off people and a superb T20 squad),” the Financial Times journalist responded to Sharma’s tweet, adding to the spate of jibes aimed at PM Imran Khan-led Pakistan.
Not just Pakistan, but Elon Musk’s net worth has surpassed the annual GDP of Egypt, Portugal, the Czech Republic, Greece, Qatar, and Finland.
Elon Musk's net worth now greater than Pakistan's gross domestic product – a country with 220 million people.
— Edward Luce (@EdwardGLuce) October 27, 2021
To put that in context, Musk’s net worth has now surpassed the market capitalization of Toyota, the world’s second-largest automaker, which is currently valued at roughly $283 billion. Elon Musk’s net worth is equal to 1.37 percent of US GDP and 3.37 percent of the wealth of the world’s top 500 richest people.
It’s worth noting that the Tesla CEO’s fortune increased by $119 billion this year. This followed a recent spike in Tesla stock prices, which have been performing well in recent weeks. Tesla’s stock price has risen 45 percent this year, indicating that investors are still interested in buying electric automobiles.
According to a Bloomberg article, Tesla accounts for up to two-thirds of Musk’s personal fortune. Elon Musk’s net worth, on the other hand, is primarily comprised of Tesla stock and options.
