Elon Musk speaks out on net worth as he breaks record [View all]

Elon Musk said his wealth increases only by producing more products and services after he became the first person ever worth $700 billion earlier this month, according to Forbes.

“My Tesla and SpaceX shares, which are almost all my ‘wealth’, only go up in value as a function of how much useful product those companies produce and service,” Musk said on X on Tuesday. “This means my ‘wealth’ can only increase due to producing more products and services for the public. Moreover, anyone else who is a shareholder in Tesla and SpaceX, which incudes employees, participates in the upside of stock appreciation.”

Why It Matters

Musk, the CEO of Tesla, is currently the richest person in the world. The next-richest person, Google co-founder Larry Page, is worth about $258 billion, according to Forbes.

Musk’s latest milestone comes amid a growing wealth gap in the U.S., with some prominent individuals advocating for billionaires to donate their money to charitable causes.

https://www.msn.com/en-us/money/markets/elon-musk-speaks-out-on-net-worth-as-he-breaks-record/ar-AA1Tj1pC

Hey girls, I may be a drug addled geek who looks like the Pillsbury doughboy but I'm the richest man in the world - Eloon Musk.