The Tesla boss, who surpassed Jeff Bezos as the richest man on the planet, has almost entirely built his fortune on his shares in his companies.
« I don’t need cash. I dedicate myself to Mars and Earth. Possessing weight only “, – he explained in May last year, when he separated from his property. Elon Musk, who has just become the richest man in the world with an estimated legacy of $ 195 billion, relies mainly on his actions in Tesla and Space X. So, from intangible to hellish possession.
No cash required. Giving himself to Mars and Earth. Possession simply burdens you.
– Elon Musk (@elonmusk) May 1, 2020
And as BFM TV explains to us, it is not uncommon for the richest men and women on the planet to virtually own most of their wealth. But with Musk, almost all of his fortune is calculated in stocks. While Jeff Bezos (2nd in the standings) has $ 9.53 billion in cash.
Geek and virtual capital management
But why is this billionaire’s obsession to keep most of his stock? In good control freak that he is, Elon just wants to remain the sole owner on board his companies and be able to veto any takeover attempt.
Read also> Elon Musk tests a brain implant to connect our brain and computer
He was the first to laugh at his new title of the richest man in the world, commenting on the information. ” It’s weird “ fragrant irony.
– Elon Musk (@elonmusk) January 7, 2021
And as noted earlier, the seer separated in 2020 from almost all of his real estate. He also does not receive salaries and dividends, relying more on long-term options.
Finally, the total amount of debt in various banks will be at least 548 million dollars. But he shouldn’t worry too much, these various loans are guaranteed by his shares in Tesla, which this year has experienced record stock prices with a jump of + 740%.
Read also> Elon Musk becomes the richest man in the world
In debt, a tenant and without much money, Elon Musk is arguably the most virtual billionaire in history.