How Elon Musk made $126 billion in a single year

A simple answer to the question of how Elon Musk managed to generate $126 billion in such a short time would be: by focusing heavily on its projects and the future of the human race on Earth. Although Jeff Bezos has surpassed him in terms of net worth, there is no doubt that Elon Musk is a greater visionary, seeking to achieve what we thought could not be achieved for decades: to be an interstellar society (with self-driving cars as well).

Elon Musk and his fortune

Elon Musk was the biggest generator of dollar fortune according to data compiled by Sergei Klebn from Forbes, who also noted that his net worth skyrocketed 500%. This is explained by the surge in shares of Tesla, Ielectric car company founded by Musk, which increased 300% between last year and the previous year. Tesla has a market capitalization of over 650 million by the end of 2020, making the company the most valuable automaker in the world. Although other companies are betting on electrical systems, Elon Musk was among the first to focus on developing autonomous technologies, perfecting them and integrating them into his cars, in addition to being in a constant process of improvement of electrical systems.

So when we talk about the fortune of Muska large part of which is generated by the approximately 21% of shares You’re here that it holds, this growth is directly linked to the results obtained by the automaker in recent years, despite the difficulties it has encountered due to the pandemic and other government limitations. In fact, she managed to exceed expectations during this period.

According to Forbes, Elon Musk is also considered one of the highest paid CEOs in the world and has received up to 11 million euros in shares.

Moreover, Elon Musk recently successfully raised $850 million in a fundraiser for Space X, its space exploration company, which increased the company’s value to $74 billion from $46 billion the previous year. The actions of Musk held here have reached a value of 2 billion dollars.

It should be noted that the value of Space X could increase further once the Starlink project, which aims to offer high-speed internet worldwide, will be activated globally. We have already mentioned that it will arrive in Mexico in the next few months and, despite its high cost, the quality of the connection could attract millions of customers around the world. In addition, some of the most important launches of Space X are coming, which could entice more investors to join the billionaire’s vision.

On the other hand, Musk has multiple transportation development projects in mind, and Tesla has collaborated with other producers to create different technologies. This year, the automaker hasn’t seen a rise in its stock like last year, but it still has plenty of investors who support Elon Musk’s vision and believe it will generate multiple profits once it does. he will have reached the future he wishes to reach.

Despite the criticism and his unorthodox way of showing himself to the world, Musk is pushing ahead with his plans and as long as he continues to be successful, that portfolio will grow.

Via GQ México y Latinoamérica.

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