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Elon Musk: How will the world’s newest richest person spend his money

Elon Musk, the founder, CEO, CTO and chief designer of SpaceX has reached the top on the charts of the world’s richest.

The Tesla CEO’s net worth soared as shares of his electric automaker hit a record high, boosting his net worth to $188.5 billion, according to Bloomberg Billionaires index.

Over the past year, Elon Musk’s net worth soared by more than $150 billion in possibly the fastest bout of wealth creation in history.




Musk’s reaction on becoming the world’s richest person:

A Twitter account called ‘Tesla Owners of Silicon Valley’ shared news to the 49-year-old business magnate becoming the world’s richest person and earned a wry response from Mr Musk himself.

“How strange,” Elon Musk responded, and followed it up by saying, “Well, back to work …”



How does Musk plan to spend his wealth?

Elon Musk says he has little interest in material things and has few assets outside his stakes in Tesla and SpaceX. In an interview last month, he said he wants to use his wealth to build a city on Mars.

“I want to be able to contribute as much as possible to the city on Mars,” Elon Musk said. “That means just a lot of capital.”

“About half my money is intended to help problems on Earth & half to help establish a self-sustaining city on Mars to ensure continuation of life (of all species) in case Earth gets hit by a meteor like the dinosaurs or WW3 happens & we destroy ourselves,” Musk explained in a tweet in 2018.