Elon Musk continues to be one of the most popular and successful figures in the world, topping the list of the richest people in 2024. He has co-founded several iconic companies that have revolutionized technology and the global economy.
Elon Musk’s Business Empire
1. Tesla
Musk owns about 12% of electric car maker Tesla, a leader in the sustainable transportation industry. However, he has used more than half of his shares in Tesla as collateral for personal loans worth up to $3.5 billion.
In early 2024, a Delaware court struck down a 2018 deal that gave Musk options for an additional 9% of Tesla. Pending the appeal, Forbes has reduced the value of the options by 50%.
2. SpaceX
Founded in 2002, SpaceX is today one of the most valued companies in the world, with a value of $350 billion, based on a private sale of shares in December 2024. Musk owns about 42% of the shares, making it a major player in space exploration and satellite technology.
3. Twitter (X)
In 2022, Musk bought Twitter for $44 billion. Although he renamed the platform to “X,” its value has fallen 70% by August 2024, according to Forbes estimates.
4. xAI
In 2023, Musk founded xAI, a startup focused on artificial intelligence. In November 2024, the company was valued at $50 billion by private investors, with Musk owning about 54% of the shares.
A Treasure Worth Millions of Stories
Despite challenges, such as the decline in the value of some assets and legal battles, Musk remains steadfast in his quest to shape the technological future of humanity. With a business empire spanning from electric vehicles to space exploration and artificial intelligence, Elon Musk remains a symbol of innovation and ambition.
Do you think Musk will stay at the top of the list of the richest in the coming years? Write your thoughts in the comments below!
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