AssetID: 52908374
Headline: UNCAPTIONED: Elon Musk is one quarter of the way to reaching trillionaire status
Caption: Elon Musk Is One Quarter of the Way to Reaching Trillionaire Status. Business Insider reports that Elon Musk, the world's richest man, has now become even richer. According to the 'Bloomberg' Billionaires Index, Musk's net worth now stands at $225 billion. The news comes following some favorable movements in the market which propelled the Tesla and SpaceX chief ahead of LVMH owner Bernard Arnault. Business insider reports that Tesla stock has made an incredible rebound in 2023, rising 136% to date. The boost has once again made Musk the world's only quarter-trillionaire. Musk reportedly owns around 13% of Tesla's stock, including 300 million exercisable options. As a result, Musk's personal fortune is closely tied to the company's performance in the stock market. Business Insider reports that this isn't the first time Musk's personal wealth has exceeded the quarter-trillion mark. In November 2021, Tesla stock hit an all-time high, bolstering Musk's net worth to an estimated $340 billion. But in January 2023, Musk claimed the Guinness World Record for the most money lost in a single year, as his net worth dropped to $125 billion. THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Elon Musk,Favorable,Moments,World's richest man,Business Insider,Company,Billionaires Index,Owner,Bernard Arnault,Boost,SpaceX,Chief,Tesla
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