Who is the richest man in the world?

Who is the richest man in the world? This question, which is fascinating though annoying, arises in the minds of many people, whether at dinner or in discussions with friends. Business Cool invites you to learn more about the fate of this personality.

The planet has many multi-billionaires and the richest people in the world certainly have many 0s lined up in their bank accounts. At least, that’s what one might think, because the possessions of the richest man aren’t necessarily just money.

Also read: Focus on the fate of presidential candidates.

How are the fortunes of the richest people in the world shaped?

The wealth of the richest man in the world is not entirely made up of cold money. It often consists of other elements, such as real estate assets or even stock market components. Most founders or CEOs of large companies own a significant portion in their company (s).

So, it’s important to clarify a few elements: the first is that the wealth displayed by the richest people in the world is really not the amount they have in their bank account. Laurent de la Clergerie, co-founder of LDLC, stated in our podcast that, if he owns a large number of shares in his company, his account is often red. However, he pointed out that the fact of owning these shares in the LDLC allows the bank to give him a larger overdraft.

Another very important element to consider when you look at the fortune of the richest man in the world is that, if it is primarily made up of shares, the value of the fortune is highly volatile. If these components are set to fall sharply in the stock market, such a correction could have a major impact. That’s how Mark Zuckerberg saw it, with the fall in Facebook’s share price, his fortune dropped by more than $ 40 billion compared to March 2021.

Thus, the fate of a personality is not the same overnight. Often, it even relates to elements independent of the business. Wars, pandemics, political decisions … There are so many factors that directly affect the wealth of the best fortunes in this world.

Also read: The ranking of the 20 richest people in the world!

Who is the richest man in the world?

So who will be the richest person in the world in 2022? This is Elon Musk! While Jeff Bezos has long been the CEO of Tesla, the latter now has a big fortune, bigger than the founder of Amazon.

So how did Elon Musk become the richest man in the world? First of all, she benefited from Jeff Bezos ’divorce having to share his fate with his ex -wife MacKenzie Scott. Today, the latter stands out as one of the richest women on the planet. According to Bloomberg, his fortune was estimated at $ 53.3 billion, as of Wednesday, March 30, 2022. However, Jeff Bezos ’fortune has grown significantly in recent years, from $ 112 billion in 2020 to $ 194 billion in March 2022.

How much is the wealth of the richest man in the world? Today, Elon Musk’s fortune is at $ 277 billion. It’s important to note that this is not the wealth of Tesla and SpaceX CEO. In November 2021, his fortune reached a record: 340 billion dollars. Again, since Elon Musk owns a large amount of stock in Tesla, a publicly traded company, his fortunes change significantly. It was particularly affected by the war in Ukraine.

It is important to note that, on rare occasions, Bernard Arnault has, for example, regained the lead in the classification. The LVMH president really demonstrates the advantage of development in a sector that little is known about the crisis: luxury.

Also read: How did Jeff Bezos and Elon Musk escape income tax?

The composition of the fate of Elon Musk

Elon Musk’s wealth doesn’t just consist of his parts at Tesla. Elon Musk now has 5.73 billion dollars in “cash”, an amount that takes into account his various donations. But that’s not all! He owns about 17% of Tesla, which makes up the vast majority of his fortune. These actions amount to 190 billion dollars, this Wednesday, March 30, 2022.

In addition, Elon Musk is a very active man who is not content with the electric vehicle market. At SpaceX, the entrepreneur is interested in space research. According to fundraising in October 2021, this company is worth $ 100 billion. Federal Communications Commission documents showed that Elon Musk owns 54% of the company’s shares and diluted the capital to have only 47% today. Therefore, the trader’s stake in SpaceX represents 40.3 billion dollars. In addition, Elon Musk’s other holdings and investments are approximately $ 20.2 billion.

With this fate, Elon Musk could be 4,479 tons of gold or 2.48 billion barrels of oil. As the richest man in the world, the wealth of the entrepreneur is worth 4,096,956 times than the median salary in the United States.

Also read: It’s all about Neuralink, Elon Musk’s fun project.

The biography of businessman Elon Musk: between Tesla, X.com and SpaceX

Elon Musk had a very rich life. Born in Pretoria, South Africa, in 1971, he got his first computer at the age of 10, in 1981. In 1983, at the age of just 12, he founded his first company, a game shooter named Blastar.

In 1988, it was the big departure for Elon Musk to leave South Africa after getting his Canadian passport. At that time, he had only one goal: to earn wealth and build his business in the United States. As history will show, he was more successful in achieving his goals. He attended Queen’s University in Kingston, before going to the University of Pennsylvania. In 1995, he earned a degree in physics and economics.

Elon Musk actually started the business venture with his brother Kimbal, and founded Zip2, a project to facilitate communication between advertisers and potential customers. Its first major project was X.com, an online payment system that would integrate with Confinity, PayPal’s main company. In 2002, the company was bought by eBay. The richest man in the world will pocket 170 million dollars thanks to this acquisition.

In 2002, Elon Musk set out to take over space with SpaceX, a company that created rockets that were cheaper than those offered by the competition, the Falcons. They will put their first satellite into orbit in 2008 and will even be used by NASA for some missions to the ISS or even to the Moon!

At the same time, Elon Musk is interested in electric vehicles and invests heavily in Tesla. In 2008 he took the lead. It is important to point out that any richest man in the world has never found a Tesla. He was one of the major shareholders of this company that made its initial public offering, on the NASDAQ, in 2010.

Today, despite the work represented by Tesla and SpaceX, Elon Musk is interested in a variety of topics. In particular, he looked at alternative modes of transportation using Hyperloop, a system that connects Los Angeles and San Francisco (560km) in just 35 minutes!

Elon Musk also created Starlink, a constellation of satellites that offers the possibility to connect to the Internet more easily. In particular, he put this system in Ukraine, to help the authorities access the Internet, despite the war.

For more on Elon Musk, go to our dedicated article!

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