Elon Musk Net Worth: According to Forbes’ Real Time Billionaires List, Tesla owner Elon Musk remains at the top of the list of the world’s richest people. On Tuesday, his total wealth reached the figure of around $684 billion.

The growth of SpaceX company was the main reason behind this increase in Musk’s wealth. According to information received from media reports, SpaceX may enter the stock market next year. Let us know who are the 5 richest people in the world…

Musk’s wealth increased by $168 billion

In recent times, there has been a tremendous increase in Musk’s wealth. On Monday, his net worth increased by about 168 billion dollars and the next day about 8 billion more dollars were added to it. After this increase in assets, Musk’s total wealth has reached around $684.2 billion.

Experts believe that the major reason for the sudden surge could be his company SpaceX. SpaceX is preparing to launch an IPO next year and its potential value could be around $800 billion. Musk holds about 42 percent stake in the company, so its direct benefit is visible on his total wealth.

Musk also holds 12 percent stake in Tesla company. Despite the decline in sales this year, a rise of 13 percent has been recorded in the company’s shares. Due to which Musk has made huge profits.

Top 5 richest people in the world

The richest person in the world is Elon Musk. After him, Larry Page, co-founder of Alphabet Company, is at second place. Larry’s total wealth is around $252 billion. At third place is Oracle founder Larry Ellison with $239.8 billion. Jeff Bezos and Sergey Brin remain at fourth and fifth positions. Jeff Bezos’s net worth is around $235.2 billion.

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World richest person: There has been a big upset in the global rankings of billionaires. Alan Musk, owner of Tesla and SpaceX, was considered the world’s richest man for a long time, but now 81-year-old tech veteran and Oracle co-founder Larry Alison has beaten him. The historic boom in the company’s shares has put Alison directly on number-1 position.

According to the data, his total assets rose over $ 100 billion in a single day and reached the top, leaving behind the Musk with a net worth $ 393 billion. But before reaching here, his early life was filled with struggles. Let’s know his story.

The story started with poverty

Larry Ellison’s life journey is no less than a film story, Born in New York in June 1944, his mother handed over to relatives after nine months of birth and left. Larry Alison did not even see his mother’s face until the age of 48. Financial crisis and insecurity were always present in his childhood. Larry Ellison did not feel much in education, he enrolled in the universities of Illinois and Chicago, but could not complete the graduation. After leaving his studies incomplete, he started searching for a job and turned to California.

Technology changed life

After reaching California, Alison got a passion for computer programming. While working on small projects, he understood the nuances of technology. This interest in machines and coding became the turning point of his life. His fast thinking and risk ability showed him the way to move forward.

Empire erected with $ 2000

In 1977, he laid the foundation of a software venture with his friends by planting just $ 2000. Initially, this company used to prepare database software for government projects. In the same year, he along with two partners created a software development laboratories (SDL), which was later named Oracle Corporation. This company became the real reason for their success in the coming decades.

CEO remained for 37 years

Alison worked as a CEO of Oracle for about 37 years. In 2014, he resigned from the post, but was fully connected to the company. Today he is the chairman and chief technology officer of Oracle. In 2012, he bought a famous Lai Lai Island for $ 300 million and settled there in 2020, but despite this, his attachment to technology and innovation never diminished.

AI demanded amazing

His 41% stake in Oracle brought him to this point. Recently, there was a strong jump in the shares of this company. On September 10, Oracle’s stock rose about 40% to $ 339.69. The increasing demand for AI based cloud services was the main reason for this surge. As a result, the company’s market cap reached about $ 948 billion. This speed brought Alison’s net worth to $ 393 billion.

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