Elon Musk becomes the world’s first billionaire, has more personal wealth than the GDP of 21 countries

New Delhi. The world’s richest man Elon Musk has set a new record. After the historic IPO of SpaceX, Musk’s net worth has reached 1 trillion dollars i.e. more than 1 trillion dollars. With this achievement Musk has become the world’s first trillionaire.

SpaceX IPO increased wealth

According to Reuters report, SpaceX has raised $75 billion through its IPO. After this historic listing, the valuation of the company increased rapidly and Musk’s net worth has now exceeded $ 1.1 trillion. Before the IPO, Forbes had estimated his wealth at around $780 billion.

Musk’s wealth is more than the GDP of 21 countries

Musk’s wealth has become so large that it exceeds the economy of many countries in the world. Currently only 21 countries have GDP of more than 1 trillion dollars. Musk’s personal wealth has reached equal to the world’s 22nd largest economy.

Stakes in SpaceX and other companies

The largest portion of Musk’s wealth comes from his stake in SpaceX, which is worth approximately $866 billion. Apart from this, he also has major stake in Tesla, Social Media Platform X (formerly Twitter), Neuralink and The Boring Company.

The journey started with Tesla

54 year old Musk was born in South Africa. He created his own identity in the world through Tesla and SpaceX. Tesla revolutionized electric vehicles, while SpaceX gave a new direction to the private space sector.

Allan premium and investor confidence

According to market experts, investors are not investing in companies but in Musk’s vision. For this reason, the valuation received by companies is known as ‘Allen Premium’. However, critics see this as too much power in the hands of one person.

for the first time in history

Elon Musk is the first person to become a trillionaire. This achievement adds a new chapter to the business world and global economic history.