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Elon Musk’s fortune rise: Is there any sector left for the entrepreneur to conquer?

alizagrey

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2 months ago

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Born on 28 June 1971 in Pretoria, Elon Musk is a businessman and investor prominent for his key roles in a number of different companies spanning several factors. He is the richest man globally and his fortune has reached a staggering $270.3 billion.

Musk noted another significant achievement on Thursday as his fortune increased by $34 billion in a single day. His status in the billionaire’s club has reached unparalled heights again, leaving rivals such as Jeff Bezos, Larry Ellison and Mark Zuckerberg far behind.

The notable spike came after electric car giant Tesla released a blockbuster earnings report that sent its stock soaring by 22%. Tesla posted its largest quarterly profit since mid-2023, a rebound after four straight quarters of disappointing results.

Elon Musk’s ever-expanding portfolio

Tesla shares account for three-quarters of Elon Musk’s fortune. They have been the driving force behind the entrepreneur’s astonishing financial rise. But Musk’s 42% stake in space company SpaceX has become his second-largest source of income.

Musk holds investments in other bold ventures, too. His portfolio also includes social media platform X, tunneling venture The Boring Company and brain-computer interface company Neuralink – together adding another $24 billion to his net fortune.

Musk’s investments across technology, space exploration, transportation and social media have given him substantial influence over multiple industries. One question looms: is there a method to gauge the heights the entrepreneur can still conquer?

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alizagrey

Aliza is a promising member of the Trends section at The Gulf Independent. She has a flair towards observing the latest food, movie, fashion, culture, business, technology and other other trending topics - delivering strongly factual and reliable news every day. Interest: Aliza holds a deep interest in bringing the audience the most recent information and incisive analysis on a variety of trending developments across the GCC. She believes in giving facts and creativity the front seat, producing articles that encourage deep conversations. Educate and Experience: Aliza entered the promising media industry in 2019, as she graduated from the prestigious King Faisal University in Saudi Arabia in Master of Media. Over the years, the journalist has produced innumerable thought-provoking and breaking stories, based on accuracy and integrity. Email id: [email protected]

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