In fact, billionaire Elon Musk, CEO of Tesla and Space X, has seen total assets grow by almost $ 1 billion this year, mostly from the stock he owns. But he made a surprise announcement on May 1:I'm selling almost all of my possessions. I will never have a home again.
He has since sold three of his villas in California for a total of about $ 75 million. He told The Wall Street Journal on May 7 that he plans to sell four of his other homes, and when he sells them, it is not clear where he will stay, but he may be. A small house rental.
He has since sold three of his villas in California for a total of about $ 75 million. He told The Wall Street Journal on May 7 that he plans to sell four of his other homes, and when he sells them, it is not clear where he will stay, but he may be. A small house rental.
jack mak
Mach's decision attracted much attention regarding the billionaire's real estate. Over the years, he has repeatedly claimed that he does not have much money in his hand. Tesla, Space X, and other assets have led Forbes to predict that he has a net worth of $ 39 billion. But he sometimes made several loans to finance his daily living and business investments while still owning his company's stock.
He put Tesla's stake under his clearance in half as a guarantee for personal loans. Currently, he does not take a salary from Tesla, but he has a stake that could be worth more than $ 50 billion if the company succeeds in 2028. He explained in the email that he did not sell his property because he needed the money, but I was trying to simplify his life during this time so I would leave only what he had in mind. Mach's personal assets are important to Tesla investors because his loans pose a risk to investors. If Tesla's share price falls to a certain level, the financial institution may force him to sell the stock to pay off his debt, and this will hurt the company's stock.
Excerpt from:Tnaot News, Fresh News.
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