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Sunday, 10 January 2021

HOW ELON MUSK'S FORTUNE INCREASED 7 TIMES IN A YEAR, EVEN THOUGH HE NEVER TOOK CELERY FROM TESLA

Elon Musk, CEO Of Tesla And Spacex, Has Become The Richest Man In The World. According To A Bloomberg Report, Tesla's Share Price Rose 4.8% On Thursday And Elon's Net Worth Reached .5 188.5 Billion (Rs 13.80 Lakh Crore). Amazon Owner Jeff Bezos Has A Net Worth Of 7 187 Billion (Rs 13.69 Lakh Crore).


Even Though Elon Is The Richest Man In The World, He Will Not Be Happy Until He Takes Man To Mars. He Said This In 2016. He Said We Should Not Celebrate Happiness Unless We Establish Colonies On Mars.

Elon Musk Was The 35th Richest Person In The Bloomberg Billionaire Index In January 2020, But In 10 Months He Surpassed Bill Gates And Now Tops The List Behind Jeff Bezos.

Made A Video Game At The Age Of 10

Elon Musk Was Born On 28 June 1971 In Pretoria.  His Mother Maye Musk Is A Canadian Model. Her Father Errol Musk Was From South Africa And Was An Electro-Mechanical Engineer There. Elon's Parents Divorced When Elon Was 9 Years Old.

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Elon Did A Computer Coding Course When He Was 10 Years Old. Then Created A Video Game Blaster. The Game He Sold At The Age Of 12 For 500. 4000 Rupees At That Time.

Elon Musk Has Two Degrees, One In Economics And The Other In Physics. He Took Admission To Stanford University In The United States In 1995 For A Phd, But Dropped Out Two Days Later Because He Wanted To Start His Own Startup.

Entered Tesla By Investment

Many Believe That Elon Musk Started Tesla. But This Is Not True. Tesla Motors Was Started By Martin Eberhard And Mark Tarping In July 2003. In February 2004, Elon Musk Invested 7. 7.5 Million (About Rs 33 Crore At The Time). With This Investment Elon Also Became Chairman Of Tesla.

Elon Became CEO Of Tesla In October 2008. By Then, He Had Invested 7 70 Million (About Rs 300 Crore) In The Company. In June 2010, Tesla Launched An IPO. With This, The Company's Shares Rose 1,229%.

There Was A Time When Tesla Had To Take Out A Loan. Tesla Borrowed 46 465 Million (Approximately Rs 220 Crore) From The US Government In 2009. He Repaid The Loan In 2013.

How Much Does Elon Musk Earn From Tesla?

Elon Musk Owns 20.8% Of Tesla's Stock, Which Is Currently Valued At 150 150 Billion, Or More Than Rs 10 Lakh Crore. Shares Of Tesla Have Risen More Than 700% In The Past Year. That's Why Elon Musk, Once The 35th Richest Person In The World, Is Now Number One.

Musk's Net Worth In 2020 Was More Than 140 140 Billion (Rs 10 Lakh Crore). A Year Ago, Musk Had A Net Worth Of Rs 1.80 Lakh Crore. But Now Its Total Assets Are Rs 13.80 Lakh Crore. That Is, Their Networth Has Increased 7 Times In A Year. Forbes Said It Was The Highest-Grossing Billionaire Ever Since He Began Compiling A List Of The World's Richest People.

Surprisingly, Musk Doesn't Even Get A Celery From Tesla. He Received 23 23,760 (Approximately Rs. 17.50 Lakh) As Basic Salary In 2019. This Is Because California Has A Law That Provides A Minimum Basic Salary. Musk Will Not Receive Celery From Tesla Until 2028.

So The Question Is How To Earn? The Point Is That An Agreement Has Been Reached Between Musk And Tesla. The Company's Board Has Set 16 Milestones. Elon Musk Has The Responsibility To Complete It. As The Milestone Is Completed, Musk Will Acquire About 1.7 Million Shares Of The Company.

Under The Agreement, Musk Will Receive 2.02 Million Shares Of Tesla In 12 Parts Over The Next 10 Years. In May 2020, They Have Received 1.7 Million Shares. The Shares Will Fetch Him A Strike Price Of 350 350.02, But Musk's Earnings Will Be Determined By The Share Price At The Time.

Neutral Corona On Tesla

The Corona Epidemic Devastated The World In 2020, But Did Not Affect Tesla. On January 2, 2020, Tesla's Share Price Was 86 86.05 (Rs. 6300). It Rose To 8 816.04 (Approximately Rs. 60,000) On January 8, 2021. That Means The Company’s Share Price Rose About 850% In 1 Year.

Not Only The Share Price But Also The Profit Of The Company Increased. The Company Had Posted A Profit Of Rs 827 Crore For The Quarter Ended December 31, 2019, Up From Rs 2,198 Crore In September 2020. That Means Profits Rose 165%. Similarly, In September 2020, The Company's Revenue Was Over Rs 64,000 Crore.

Where Else Does Elon Musk Make Money?

Elon Musk Is Also The CEO Of Spacex Along With The CEO Of Tesla. Spacex Is A Private Company And Is Not Listed. So Its Actual Data Cannot Be Countered. In July 2020, Morgan Stanley Estimated The Market Value Of Spacex At 200 200 Billion (Approximately Rs 14.65 Lakh Crore) In His Research.

According To A CNBC Report, Musk Owns .3 15.3 Billion (Rs 1.12 Lakh Crore) Worth Of Shares In Spacex. Apart From This Musk Is Also The Founder Of A Boring Company. The Company Was Started By Musk In 2018. The Company Was Started With The Help Of .2 11.2 Crore (Rs 800 Crore), Of Which 90% Was From Musk.

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