Move over, Bill Gates. Elon Musk is now the world's second-richest person, with an estimated net worth of $142 billion,Musk's rise on the list comes ahead of Tesla's anticipated debut on the S&P 500 on December 21. After failing to enter the famous stock index during quarterly rebalancing in September,, Tesla is now set to become its largest new addition and its sixth-largest member by market capitalization as soon as it joins.
But as the Journal also points out, Tesla is "prone to huge swings in price." Not only that, but the stock market in general has been incrediblyThat is all to say — has Musk cemented his new spot on the billionaires' list, or is it just a blip?Musk famously earns his billions without taking a paycheck from Tesla, refusing his $56,000 minimum salary as CEO every year.
for the next 10 years — no salary, bonuses, or stock — until the company reached a $100 billion market cap.that will result in a massive payday once he achieves ambitious performance goals.," with a fortune tied to his stock in Tesla and his other companies, SpaceX and The Boring Company.
That leaves him below his rank as 1 King Douchebag. But I guess if you need to include someone who has a silver spoon and already had family money. lame oldmoney silverspoon
That's cool. But what about the frontal Alfalfa look? Top Holding in ARK Funds... Keep delivering.
And the 1 most likely to end up like Howard Hughes!
his tesla cars are running on a few mines of a rare mineral creating an enviromental chaos and contamination once his batteries run out of use
Unlikely, the real car companies are just now entering electric cars....