Elon Musk is the richest man in the world, he is the first to accumulate a fortune of more than 300 billion dollars – Forbes France

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Elon Musk’s personal fortune exceeds $ 300 billion

After adding tens of billions to his net worth, Elon Musk became the first person to have more than $ 300 billion to his name.

According to estimates by Forbes, Musk’s fortune amounted to $ 306.4 billion Tuesday afternoon, after crossing the $ 300 billion threshold on Monday, as Tesla stock continued to fall.

Bloomberg reported that the electric car company’s market capitalization exceeded $ 1,000 billion last week, after Hertz announced the purchase of 100,000 Tesla vehicles to supplement its rental fleet. a $ 4.2 billion deal paid entirely in cash. Shares closed at a record high of $ 1,208 on Monday, giving Tesla a market cap of $ 1.2 trillion and Musk has a net worth of $ 315 billion.

In a press release last week, Hertz claimed rental Model 3s will begin to be available in major cities in early November. But Musk posted a tweet Monday night that cast doubt on the mega-deal. “I would like to point out that no contract has yet been signed […]. The agreement with Hertz has no effect on our economy, ”he wrote.

As of Tuesday morning, Tesla’s record rise was reversed, and stocks lost as much as 4% when the market opened. The action rebounded slightly in the early afternoon, to close Tuesday with a decline of 3% to 1,172 dollars per share. This reduced Musk’s net worth by approximately $ 8.6 billion compared to the previous day.

A spokesperson for Hertz maintains the deal is done. “As we announced last week, Hertz has placed an initial order for 100,000 Tesla electric vehicles and is investing in new EV charging infrastructure across the company’s global operations, ”the century-old car rental company wrote in a statement shared with Forbes. “Teslas deliveries have already started.”

The majority of Musk’s fortune is tied to his stake in 23% in Tesla, which he first supported in 2004, a year after its creation. He also owns a significant share of his private rocket company SpaceX, which was estimated to be around $ 74 billion during a roundtable in February 2021.

The entrepreneur of South African origin is the richest person in modern history. According to Forbes, Jeff Bezos, the second richest person in the world, is currently worth around $ 190.3 billion. A figure down from the peak of $ 212 billion reached in July. Bill Gates’ net worth briefly exceeded $ 100 billion in April 1999. Adjusting for inflation, that’s just over $ 165 billion today, which is $ 142 billion less than worth by Mr. Musk. Today, the value of Bill Gates is estimated at $ 137.8 billion.

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