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Who Is The Richest Man In The World
When it comes to discussing who is the richest man in the world right now, the only name that burns people’s lips with his majestic…
When it comes to discussing who is the richest man in the world right now, the only name that burns people’s lips with his majestic journey to fame is Elon Musk.
Mr. Musk, who was just nominated to Twitter’s board of directors after buying the microblogging platform on Monday, topped Forbes’ list of the top 10 richest people in the world.
His journey was a rollercoaster ride; for a South African-born American kid who taught himself to code, his first game, Blastar sold for $500 to a computer magazine.
Later become an entrepreneur and co-founded the electronic-payment firm, PayPal. Where he also formed companies like SpaceX, and Tesla, a maker of launch vehicles and spacecraft.
Musk was also one of the first significant investors, as well as the chief executive officer of the electric car manufacturer Tesla. Meanwhile, let us discuss who is this richest man in the world, his net worth, and how he become so wealthy and famous.
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Who Is The Richest Man In The World?
As of 2022, Elon Musk is the richest man in the world with a net worth of $270 billion. According to Forbes Magazine, there are an estimated 2,755 billionaires around the globe, with the number of billionaires increasing year after year.
Mr. Musk, who was born in South Africa, showed early entrepreneurial abilities by selling homemade chocolate Easter eggs door to door with his brother and inventing his first computer game at the age of 12.
The richest man in the world described his youth as traumatic, colored by his parent’s divorce, bullying at school, and his own Asperger’s Syndrome-related trouble interpreting social cues.
He, left home for college soon after, first to Canada and then to the United States, where he studied economics and physics at the Ivy League University of Pennsylvania.
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How Did Elon Musk Become The Richest Man In The World
It has been reported that Elon has stated that he arrived in Canada with CA$2,500 and financed his way through college on his own, resulting in a student debt of $100,000. According to the billionaire, he started his first business with little money and only a computer he constructed.
From creating PayPal and SpaceX to becoming the CEO of Tesla, Elon Musk has amassed a fortune in the billions. His net worth is also dependent on his Tesla stock, which he owns a quarter of.
Musk’s first firm, Zip2, was an online local business directory that he launched in 1995. Zip2 was purchased by Compaq Computer Corp. for $307 million in 1999, and it became part of the AltaVista search engine. Musk made $22 million from the deal.
He then launched X.com, an online bank that merged with Confinity in 2000 and was ultimately renamed PayPal. Musk is reported to have made roughly $170 million after taxes when eBay bought PayPal for $1.5 billion in 2002.
Musk started SpaceX, an aerospace company with a market capitalization of $74 billion, in 2002. He joined Tesla in 2004 and rose through the ranks to become its CEO in 2008. The automobile manufacturer is estimated to be valued at more than $1 trillion.
According to CNN Business, the richest man in the world also launched the tunneling construction company The Boring Company, which is valued at approximately $5.7 billion.
He is outright an ambitious fellow, who knows what he wants and is willing to sacrifice to get it.
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What Is The Net Worth Of The No 1 Richest Man In The World?
According to Forbes, Elon Musk is worth $269.7bn (£212bn) in 2022. More so, he owns 21% of Tesla but has committed more than half of his holdings as loan security. As said earlier, he was a major contributor to the company’s early investment and has served as its CEO since 2008.Tesla, a company specializing in electric automobiles, has seen its stock price soar as consumers become increasingly interested in renewable energy. It is now more valuable than Ford, Toyota, Volkswagen, Hyundai, and General Motors put together.
Elon Musk’s Love Life
It is quite interesting to Google about his net worth, companies, achievements, and all others. And many a few only check his love life. Is he still single? Is he in a relationship? Is he a husband? Is it complicated for him as well, as it is for the rest of the world?
In the year 2000, Elon Musk married his first wife, a Canadian author Justine Wilson. He met her while studying at Queen’s University in Kingston, Ontario, Canada.
The richest man in the world began dating Talulah Riley, an English actress, in 2008, and the two married in 2010. Unfortunately, this was not a long-lasting partnership. In 2010, they divorced.
Elon Musk was dating actress Amber Heard in the summer of 2016. At the time, Amber Heard was married to Johnny Depp. However, the partnership officially ended in 2017.
In 2017, Amber Heard’s marriage to Johnny Depp was terminated as well. Even though they were still married, Depp accused Elon of having an affair with Amber.
To be honest, Elon Musk’s relationships are fraught with ups and downs. To crown it all, the renowned Elon Musk and Grimes romance began in May of 2018.Grimes is the stage name of Claire Elise Boucher, a Canadian musician. They met on Twitter, where they were both making jokes about artificial intelligence and Rococo. Following that, the couple made a public appearance at the Met Gala 2018. They both unfollowed each other on Instagram in August 2018 after a few public appearances.
As a result, everyone assumed the obvious: the relationship had come to an end. The richest man in the world then followed her again two months later. The couple delivered a baby son named X Æ A-12 Musk in May 2020. They changed their name to X A-Xii after running into some legal issues.
How Buying Twitter Will Increase The Wealth Of Richest Man In The World
Musk stated on April 14 that he would buy the social networking platform for $54.20 (£42.20) per share, or $43 billion (£33.5 billion), although he did not disclose how he would fund the deal.
In filings filed with US securities regulators last week, the richest man in the world stated that he would pay $21 billion for the company alone.
The rest of the money, he said, would come from Morgan Stanley and other banks, with some of it backed by his large ownership in Tesla. As of 2021, Twitter had 206 million monetizable daily active users worldwide. Which will tremendously increase with the coming and influence of Elon Musk
Although, the world’s richest man has made it clear that he is purchasing Twitter because he values free speech above all else. Let’s accept him at his word for the time being. Even if that is the case, Musk will want Twitter to earn money.
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List Of Other Richest Men In The World
2. Jeff Bezos – $171 billion
Jeff Bezos is the second richest person in the world, with an estimated net worth of $171 billion according to Forbes Magazine.
3. Bernard Arnault – $167 billion
In 2022, Arnault is the richest European in the world and the third on the list of the top 10 richest people in the world.
4. Bill Gates – $132.3 billion
Bill Gate, the well-known Microsoft founder, has long been included among the world’s top 10 richest people. He managed to preserve his company’s stock for nearly two decades despite selling and then giving away a big amount of it.
5. Warren Buffet – $124.3 billion
Warren Buffet, often known as the Oracle of Omaha, is widely considered one of the most successful investors in the world. He is the CEO of Berkshire Hathaway, a conglomerate with approximately 60 enterprises under his control.
6. Larry Page – $108.2 billion
One of Google’s co-founders is Larry Page, an Internet entrepreneur. He stepped down as CEO of Google’s parent company Alphabet Inc in December 2019, however, he remains on the board of directors.
7. Sergey Brin – $104 Billion
Sergey Brin, Alphabet’s co-founder, and board member has a net worth of $116.1 billion, making him the world’s 7th-richest person. He and Larry Page co-founded Google in 1998, and it went public in 2004 before being renamed Alphabet in 2015.
8. Larry Ellison – $110.8 Billion
Thanks to Oracle, the software business he co-founded in 1977, Larry Ellison’s net worth is $110.8 billion. He stood down as CEO of the company in 2014 and has been chairman of the board and chief technical advisor since then.
9. Mukesh Ambani – $96.9 Billion
He is the owner and chairman of Reliance Industries, which has a revenue of about $74 billion, according to Forbes. The company wants to invest $80 billion in renewable energy over the next 10-15 years and build a new facility near its refinery.
10. Steve Ballmer – $91.3 Billion
In the IT industry, Steve Ballmer is a well-known business executive. He was the CEO of Microsoft Corporation from 2000 to 2014. Ballmer’s net worth is expected to reach $90 billion in 2022, putting him among the world’s top ten wealthiest persons.
Key Takeaways
- Elon Musk is the richest man in the world with a net worth of $270 billion
- He is a South African born America businessman
- The richest man in the world studied economics and physics at the Ivy League University of Pennsylvania.
- Elon Musk has survived 5 different relationships over time
- There are an estimated 2,755 billionaires around the globe
- Musk Bought Twitter For $45Billion