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It's official! Elon Musk becomes the richest man in history
With an estimated fortune of $348 billion according to Bloomberg, Elon Musk has become the richest person in the world, surpassing Jeff Bezos and Larry Ellison.
However, Elon Musk holds a relatively modest amount in cash. In 2023, Forbes estimated that he had around $5.2 billion in cash and other liquid assets. Liquid assets refer to financial resources that are immediately available to a person, such as checking or savings accounts.
This amount represents a small fraction of his total wealth, which is primarily made up of stakes in his companies, notably Tesla and SpaceX.
November 25, 2024
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