Source: Cailian
Financial Associated Press, October 2 (Editor Bian Chun)and Wednesday,Musk, the world's richest man, whose personal wealth exceeded $500 billion, becoming the first person in history to cross this threshold, mainly due to the rebound in Tesla's share price and the soaring valuations of other startups owned by the technology entrepreneur.。
According to the Forbes Rich List,As of 4:15 AM, Musk’s net assets reached $501 billion.But it is now down to $50 billion.
Larry Ellison, founder of Oracle, is ranked second on the Forbes list, with net assets of about $350.7 billion so far.
Musk's wealth is closely linked to Tesla, and as of September 15, he held more than 12.4% of Tesla's shares. Since this year, Tesla's share price has risen by more than 14%, closing up 3.3% on Wednesday, increasing Musk's net assets by more than $6 billion.
After experiencing turmoil at the beginning of the year, as Musk shifted his focus back to his own companies, investor confidence improved, and Tesla’s stock price rose.Robyn Denholm, chairman of the Tesla Board, said last month that Musk had “completed” his political service, returned to Tesla and returned to the company’s “core position.”
A few days later, Musk revealed that he had purchased shares of Tesla worth about $1 billion, showing his great confidence in the future of Tesla.
Nevertheless, falling car sales and ongoing profit rate pressures still dragged Tesla’s stock price, making it one of the worst-performing shares in the US “Technology Seven Giants.”
Tesla's board of directors last month proposed a $1 trillion compensation plan, setting ambitious financial and operational goals for Musk, while also meeting his request to increase more shares in the company.
Tesla is expected to release three-quarter delivery data this Thursday.The market generally expects that the Tesla Q3 delivery data will be strong as U.S. consumers rush to buy cars before the electric car tax credit expires.
Musk's artificial intelligence startup xAI and rocket company SpaceX have also seen their valuations rise this year.
According to Pitchbook data, as of July this year, xAI was valued at US$75 billion. In September this year, it was reported that the company was conducting a round of financing with a valuation expected to reach US$200 billion, but Musk subsequently denied the report, saying the company had not made any financing at the time.
In July, it was that SpaceX was discussing plans to fund and sell internal shares, which are valued at around $400 billion for SpaceX.