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World’s richest man, Elon Musk makes $43.3 billion in 9 months, now worth $213 billion

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World’s richest man, Elon Musk makes $43.3 billion in 9 months, now worth $213 billion

Data collected from Bloomberg Billionaires Index shows that in 9 months, Elon Musk gained $43.3 billion largely through his Tesla stock holdings, making him the richest person in the world worth 213 billion.

At the peak of Tesla’s popularity, Musk briefly became the world’s richest tycoon, but now he has even more stock options since then and now owns about 73.5 million Tesla options, which are worth $53 billion.

According to a regulatory filing from August 2021, the African-born billionaire owns about 20% of Tesla. A portion of the holdings is used to cover personal obligations. He has about $500 million of outstanding loans from three banks in the United States, according to a December 2020 filing.

Musk’s fortune is heavily reliant on Tesla, whose market capitalization ended Thursday at $776.8 billion, and SpaceX, valued at $74 billion after a funding round in February.

His primary residence is a 400-square foot rental unit that he owns after promising last year that he would sell nearly all of his personal property including six mansions.

His current net worth is equivalent to 121 million troy ounces of gold or 2.67 billion barrels of crude oil.

Tesla shares slightly declined at the last trading session in September, despite the billionaire’s record gains as historical data shows Cathie Wood, the Chief Investment Officer of Ark Investment Management, sold more than $270 million worth of Tesla stock Tuesday.

This shouldn’t shake Tesla bulls, since her funds still hold Tesla as the top holding. Lucid may have greater long-term significance for Tesla investors, but sales won’t catch up to Tesla anytime soon. Tesla’s stock price is heavily influenced by its technologies as well as its vehicle sales.

Just recently, the richest man in the world told Page Six’s Emily Smith and Mara Siegler that he and singer Grimes were “semi-separated” but still loved each other and “are on great terms.”

Musk said that he is primarily based in Texas or overseas due to SpaceX and Tesla, while she is based in Los Angeles.

As Page Six reported at the time, Musk and Grimes had been “quietly dating” for a few weeks when Grimes brought Musk as her date to the Met Gala in May 2018. The duo welcomed their son in May 2020.

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