Musk adds $ 11 billion to his fortune. It comes from space



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Tesla CEO and SpaceX founder Elon Musk is turning away from the rest of the world when it comes to personal wealth.

Musk’s net worth reached $ 223 billion, according to the Bloomberg Billionaires Index, after a recent funding round took SpaceX’s valuation to more than $ 100 billion.

The deal gives Musk an additional $ 10.6 billion in wealth, thanks to his ownership of the rocket company he founded in 2002 with the goal of colonizing Mars.

Amazon founder Jeff Bezos is ranked second, with a net worth of $ 191.6 billion.

Musk derives about three-quarters of his fortune from his stake in Tesla, which he co-founded in 2003 after making his fortune selling e-commerce site PayPal to eBay Inc. for $ 1.5 billion.

SpaceX’s new assessment comes just over a year after the Hawthorne, Calif., Company conducted the first manned astronaut test flight to the International Space Station for NASA, and is now more valuable as Lockheed Martin Corp., the largest contractor in the United States Department of Defense. .

Bezos and Zuckerberg

The world’s billionaires were rapidly accumulating wealth as central banks injected liquidity into the global economy, even as millions remained jobless amid a fragile economic recovery.

The richest 500 people have added $ 742 billion so far this year, according to the Bloomberg Index.

But even among billionaires, Musk’s growing personal fortune is putting him more and more in his orbit.

Bezos has seen little change in his fortunes this year as Amazon shares have stagnated after an initial rally in the wake of Covid.

Bill Gates’ fortune declined when he transferred assets to his ex-wife, Melinda French Gates.

Facebook CEO Mark Zuckerberg’s net worth plunged $ 6 billion in hours earlier this week after the social media platform came under fire amid devastating reports about the company’s activities and of outages for hours.

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