Musk's assets could surpass 1,000 trillion won…equivalent to about 3% of U.S. GDP

Source
JH Kim

Summary

  • Elon Musk CEO's net worth could reach 1,000 trillion won regardless of Tesla's compensation.
  • The core of Musk's assets is SpaceX, and it analyzed that his assets could increase by several hundred billion dollars or more if it goes public (IPO).
  • The rise in SpaceX's value is taking up an increasingly larger share in Musk's asset structure.

An analysis has suggested that Elon Musk, Tesla's chief executive officer (CEO), could have a net worth of 1,000 trillion won even before receiving Tesla's compensation package.

On the 24th (local time), according to the business breaking news channel Walter Bloomberg, Musk's net worth is estimated at about 750 billion dollars. This amounts to about 3% of U.S. gross domestic product (GDP), surpassing the level when John D. Rockefeller accounted for about 2% of U.S. GDP at his peak.

The core of Musk's assets is the space company SpaceX. SpaceX was recently valued at about 800 billion dollars, and it was explained that expectations for the Starlink satellite internet business and the potential use of artificial intelligence (AI) were reflected.

Musk holds about 40% of SpaceX's shares. Barron's analyzed that if SpaceX goes public (IPO), Musk's assets could increase by several hundred billion dollars or more.

In that case, Musk's net worth could reach 1 trillion dollars even without reflecting Tesla's next compensation package. Tesla's compensation plan has not yet been finalized.

The market is noting that the rise in SpaceX's value is increasingly taking up a larger share of Musk's personal asset structure.

Photo=Shutterstock
Photo=Shutterstock
JH Kim

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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