Elon Musk is now worth quarter of a TRILLION dollars – here’s what he could buy

ELON Musk is on a mission to become the world’s first trillionaire.

The Tesla boss’s net worth shot up this week to a quarter of a trillion dollars, making him the world’s wealthiest person, according to Bloomberg.

That’s enough to buy him 312million units of the new iPhone 13 ($799), or 38million Rolex watches ($6,500).

Alternatively, he could choose to splash the cash on 1.2million Lamborghini Huracans ($200,000), or buy Newcastle United 600 times ($414million).

Musk’s wealth rocketed after the stock market value of Tesla topped $1trillion on Monday. Musk is the electric car firm’s majority shareholder.

Tesla’s value had surged after the California company received its biggest-ever order from HERTZ for its fleet.

The rental firm revealed plans to buy 100,000 electric cars, mostly Model 3s. They will be available from November.

Following news of the deal, Musk’s net worth as of the market close on Monday rose by $36billion.

That takes his total net worth up to a whopping $289billion, putting him streets ahead of the world’s second richest man, Jeff Bezos.

Bezos, who founded ecommerce behemoth Amazon in 1994, is currently worth $193billion, according to Bloomberg.

According to Forbes, Musk is currently richer than Google cofounder Larry Page and Facebook founder Mark Zuckerberg combined.

That’s not bad going considering they’re the sixth and seventh richest people alive, respectively.

Most of Musk’s vast wealth is tied up in Tesla stocks. He owns roughly 22 per cent of the company’s shares.

However, if Musk is to break the $1trillion valuation mark, it likely won’t be his electric car company that gets him over the line.

The 50-year-old also cofounded SpaceX, a private space exploration firm that hires out its reusable rockets to the likes of Nasa.

The business was most recently valued by investors at $74billion, and is tipped to become the world’s most valuable company in future.

“More than one client has told us if Elon Musk were to become the first trillionaire… it won’t be because of Tesla,” Morgan Stanley analyst Adam Jonas told The Guardian last week.

“Others have said SpaceX may eventually be the most highly valued company in the world — in any industry.”

ReutersMusk’s net worth currently sits at around $289billion[/caption]

In other news, Star Trek’s William Shatner, 90, became the oldest astronaut in history after a trip on Blue Origin rocket earlier this month.

Nasa is gearing up to launch a spacecraft that will crash into as asteroid as part of a trial of a new planetary defence system.

Find out about the wildly impressive Panasonic 65HZ1000 TV, which makes most tellies look rubbish.

And Dell’s Alienware R10 Ryzen Edition is a gaming PC powerhouse that crushes both the new consoles.

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