Do you know what Elon Musk is up to after becoming the world’s richest person again?
Just after two months, Elon Musk reclaimed his title of being the richest person in the world once again with a net worth of $187 billion, according to Bloomberg Billionaires Index.
The Tesla and Twitter chief had lost the top spot to Louis Vuitton CEO Bernard Arnault last year, whose current fortune is estimated at $185 billion. As Tesla stock prices surged, Musk’s net worth now stands at USD 187 billion.
It has been reported that this surge has been enhanced by consumer interest in discounted Tesla vehicles and improved investor demand. Recently, Tesla cut the prices of its products to boost sales amid rising competition and a weak economy.
At the beginning of the year 2023, the Twitter CEO’s net worth was calculated at USD 137 billion. Notably, Elon Musk has been the world’s richest person since September 2021 and before him, Amazon founder Jeff Bezos held the title.
‘HOLDS WORLD RECORD FOR LARGEST LOSS OF WEALTH EVER’
At the beginning of this year, Musk suffered a huge loss and set a Guinness World Record for losing the most wealth ever in history in January 2023 becoming the first person ever to lose $200 billion after his net worth of $340 billion plunged to $137 billion between the period November 2021-December 2022.
In January, the Tesla and Twitter CEO broke the world record for the “largest loss of personal fortune in history,” the global organization that keeps track of record achievements stated.
Guinness World Records in its press release also stated that previously, the record was held by Masayoshi Son, a Japanese tech investor who had lost USD 56 billion.
“Although the precise figure is almost impossible to determine, Elon Musk’s total losses far surpass the previous record ($58.6 billion), set by the tech investor Masayoshi Son in 2000,” it said.
It is also being reported by multiple news agencies that Tesla’s rapid decline earlier was accompanied by the billionaire’s chaotic acquisition of Twitter and an economic downturn in the tech sector.
However, the billionaire was able to turn things around.
MUSK AND TESLA
Elon Musk has teased the world for years with his dream of an affordable electric car and expanding and promoting such products across the world.
Expanding and flourishing into the mass market is vital to meet Tesla’s goal to enhance vehicle deliveries to 20 million by the year 2030. The low-priced car is expected to be the centrepiece of Elon Musk’s ‘Master Plan Part Three’, which he scheduled to offer at an ‘Investor Day’ on Wednesday.
It doesn’t take rocket science to understand that much of Musk’s personal fortune/wealth is linked to Tesla stocks. The billionaire was one of the early investors in the company and eventually went on to hold the largest shares in the automobile company.
In July 2003, the electric car brand was founded as Tesla Motors by Martin Eberhard and Marc Tarpenning. After that, Elon Musk became the largest shareholder of the company by investing a gigantic amount of USD 6.5 million in 2004, and in 2008, he then assumed his role not only as the product architect but also as the CEO of the company.
Read more :- Elon Musk Tweets that he Saved Twitter from Bankruptcy
In 2022, Musk at first sold large chunks of his Tesla shares to buy Twitter, and then perhaps to cope with the losses of his brand-new acquisition.
WHAT IS ELON MUSK UP TO?
Elon Musk is now recruiting Igor Babuschkin, a researcher who recently left Google’s parent company Alphabet’s AI unit to develop an alternative to ChatGPT.
The tech billionaire has reportedly approached researchers of AI (artificial intelligence) to form a new research lab for it, according to the sources associated with it.
ChatGPT is a text-based chatbot created by OpenAI that can draft prose, poetry, and even computer code on command, gaining widespread attention in Silicon Valley.
Musk 2015 had co-founded OpenAI along with Silicon Valley investor Sam Altman non-profit startup, but had left its board in 2018, but chimed in with his take on the chatbot, calling it “scary good”.
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