In terms of economic size, Elon Musk has risen above half of Nigeria, Africa’s most powerful country, as the world’s richest billionaire and the world’s most valuable automaker.
As of October, he is the only billionaire worth $200 billion with a year-to-date gain of $66 billion.
Using Bloomberg’s Billionaires Index, Musk’s net worth has surged to $236 billion following its recent investment in SpaceX, with an estimate of over $100 billion. His net worth has now surpassed that of Nigeria’s GDP, which stood at $432 billion in 2020, according to data retrieved from the World Bank.
After the electric-car maker defied a sharp slowdown in China, Tesla shares recently hit a seven-month high.
A report Tuesday by the China Passenger Car Association indicates that the automaker sold 56,006 vehicles made in China in that country last month. It is the highest total since opening its Shanghai factory in 2019.
The chief executive officer of Tesla, Elon Musk, recently announced that Tesla plans to relocate its headquarters from Silicon Valley’s Palo Alto, California, to Austin, Texas, where it will build a huge car and battery complex with fewer tax obligations.
With its move to Texas, the company joins Oracle, HP, and Toyota Motor in relocating their U.S. headquarters from California, which has relatively high taxes and living costs. Texas state is known for cheaper labour and fewer restrictions than Silicon Valley, which is known for new ideas and businesses.
As the world’s richest person cuts ties with California, Elon Musk recently lowered the offer price on the California mansion he’s selling.
According to a real estate listing on Zillow, Tesla CEO’s 16,000-square-foot Bay Area house is listed for $31.99 million, down about $5.5 million from a prior listing.
There are seven bedrooms and ten bathrooms in the Hillsborough, California, property currently listed for sale. The house includes a music room, library, and fully restored kitchen, along with its own private pool. It was built in 1916.
He currently owns the equivalent of 135 million troy ounces of gold or 2.78 billion barrels of crude oil.