Who is Elon Musk? A Look at the Innovative Mind Behind the World's Third-Richest Man
Elon Musk was born in Pretoria, South Africa, in 1971. From an early age, he showed an interest in computers and technology, teaching himself to code at just 12 years old. After finishing high school, Musk moved to the United States to attend college, eventually earning degrees in both physics and economics from the University of Pennsylvania. One point which we have to notice is that Elon Musk is one of the richest person in the world.
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The Mind-blowing and Fascinating 7 Richest Persons In The World.
They say you know, "Lazy hands make for poverty, but diligent hands bring wealth".
Today's 7 affluent persons in the world have indeed shown great diligence in their work and are now enjoying their reward as being in the top 1% of the richest person in the world today.
Today's blog post is going to be telling us about the richest person in the world their age, net worth, residence, and the various companies they co-found or own, and also a good biography about them and also Elon fall from grace as the richest person in the world, so stay put.
First on our list is a man with an inspiring backstory for anyone looking to achieve financial success. check out his success story as the richest man in the world.
Bernard Arnault
Age:73
Net worth: $201.8 billion.
Residence: Paris
Spouse: Anne dewavrin 1973 to 1990 (divorced)
Hélène Mercier 1991 till date
Children: 5
Nationality: France
Co-founder/CEO: LVMH (LVMUY)
Source of wealth
Arnault has an evaluated net worth of about US$208.1 billion as of March 2023, according to Forbes magazine, making him the richest human on the planet. His family is also recognized as one of the richest families in the world he is the owner, chairman, and chief operating officer of LVMH Moët Hennessy Louis Vuitton, the world's biggest luxury goods corporation.
DID YOU KNOW
Bernard Arnault's wife is a professional concert pianist. He also plays too.
Elon Musk
Age: 51
Net worth: 190 billion.
Residence: Texas
Spouse: justine musk 2000 to 2008
talulah riley 2008 to 2016
Children: 10
Nationality: South-African
Co-founder/CEO: Tesla
Source of wealth
Musk said to the conservative satire site Babylon Bee in December 2021, Talking about Tesla and Space X. "Rewarding, too, but massively difficult ... and I didn't sell the stock in the companies." "I built these two companies and it was extremely difficult to build them,"
In early 2020, his riches were just one-tenth of where it is today, with his then-fortune of $25.6 billion ranking him below Amazon CEO Jeff Bezos and Facebook CEO Mark Zuckerberg. Musk, whose wealth is estimated to be at $240 billion by Bloomberg, hasn't always been at the top of the List.
Tesla, though, has been his basic means for his wealth creation, with the corporation's stock moving up by more than 1,100% in the last five years as investors compesated the corporation for its huge spurts in growth in motor sales. Tesla's revenue accelerated from $12 billion in 2017 to $54 billion in 2021.
Musk's extraordinary leap in riches is connected to his possession stake in electric car maker Tesla, and to a much lesser extent his shares in ventures including Space X and Boring Company.
Jeff Bezos
Nationality: American
Net worth: 125.1 billion USD (2023) Forbes
Spouse: MacKenzie Scott (m. 1993–2019)
Children: Preston Bezos
Residence: Houston
co-founder/CEO: Amazon.com, Blue Origin, Bezos Earth Fund, Bezos Expeditions
Source of wealth
Bezos is perhaps most Famous as the founder and former chief executive officer (CEO) of Amazon, He remains the owner of the company.
Jeff Bezos' net worth was about $126 billion as of March 2023, making him the world's third-richest person in the world.
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Top 5 Richest People In the World
Top 5 Richest People In the World
Who do you suppose made the Prime 5 on Forbes journal’s annual billionaire’s file for 2018? Successfully, it is a contact: two are Harvard dropouts, Four are American, one is French, and one amongst them filed his first tax return at age 14.
1. JEFF BEZOS
Business Value: $112 billion
Founder: Amazon (AMZN)
In 1994, Bezos based mostly Amazon.com in storage in Seattle, shortly after he…
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Jeff Bezos Surpasses Elon Musk as World's Richest Person: Tesla Shares Slump
For the first time in over nine months, Elon Musk has relinquished his title as the world’s richest person. Jeff Bezos, the founder of Amazon.com Inc., has reclaimed the top spot on the Bloomberg Billionaires Index, dethroning Musk after a 7.2% drop in Tesla Inc. shares on Monday. Musk’s net worth now stands at $197.7 billion, while Bezos boasts a fortune of $200.3 billion.
This marks the first time since 2021 that Bezos, 60, has ascended to the peak of Bloomberg’s ranking of the wealthiest individuals. The once vast wealth gap between the 52-year-old Musk and Bezos, which reached as wide as $142 billion, has been steadily narrowing as the stock fortunes of Amazon and Tesla move in opposite directions. While both companies are part of the elite “Magnificent Seven” stocks driving the US equity markets, Amazon’s shares have more than doubled since late 2022, nearing a record high. In contrast, Tesla has seen a roughly 50% decline from its 2021 peak.
Monday’s decline in Tesla shares was attributed to preliminary data indicating a significant drop in shipments from its Shanghai factory to the lowest point in over a year. Meanwhile, Amazon experienced robust online sales growth, contributing to Bezos’ resurgence in the wealth rankings.
Musk’s financial woes may intensify following a Delaware judge’s decision to invalidate his $55 billion pay package at Tesla, where he serves as chief executive. The ruling favored an investor who challenged Musk’s compensation plan, which had previously held the title of the largest in history. Musk’s significant assets, including options, stakes in Tesla, and SpaceX, are still considered in the Bloomberg index calculations of his wealth.
Bezos’ vast fortune primarily stems from his 9% stake in Amazon, making him the company’s largest shareholder, even after recently divesting 50 million shares worth approximately $8.5 billion. This return to the top of the wealth rankings is a familiar position for Bezos, who first surpassed Microsoft Inc. co-founder Bill Gates as the world’s richest person in 2017. However, after a fierce competition with Musk throughout 2021, Bezos fell behind late in the year and has only now regained the coveted №1 position.
In addition to Musk and Bezos, Bernard Arnault, the 74-year-old chairman of LVMH Moet Hennessy Louis Vuitton, the world’s largest luxury-goods maker, also ranks among the world’s wealthiest, boasting a net worth of $197.5 billion.
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