Now Reading: Elon Musk gains Rs 8,000 crore daily despite losing trillionaire tag
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Elon Musk gains Rs 8,000 crore daily despite losing trillionaire tag
Elon Musk gains Rs 8,000 crore daily despite losing trillionaire tag
Elon Musk added $320 billion (about Rs 26.7 lakh crore) to his net worth between July 2025 and July 2026, according to an analysis by BestBrokers based on Forbes data. That works…
The Story in Brief
Elon Musk added $320 billion (about Rs 26.7 lakh crore) to his net worth between July 2025 and July 2026, according to an analysis by BestBrokers based on Forbes data. That works out to $875 million (over Rs 7,300 crore) each day. However, he briefly became the world's first trillionaire when SpaceX went public on June 12, only to see his wealth fall to $690 billion after the shares crashed. His current net worth stands at $725.1 billion, and last week SpaceX stock rose 11.7% to $129 per share.
The tech sector drives extreme wealth globally. Tech billionaires collectively hold $5.30 trillion, more than double the $2.39 trillion in finance. The US leads with 990 billionaires worth $8.43 trillion, accounting for nearly a third of all billionaires worldwide. Eight of the ten richest people on earth are tech magnates, including Musk, Google's Larry Page and Amazon's Jeff Bezos.
The Indian Opinion
The breathless coverage of Musk's daily wealth swings treats a stock portfolio as if it were salary. Adding Rs 55,000 lakh crore in a year while SpaceX shares yo-yo speaks more to market volatility than personal genius. The real story is that eight of the ten richest people come from tech, and America alone holds 990 billionaires worth Rs 70 lakh crore. Will this concentration of wealth prompt any regulatory scrutiny from Indian authorities, or is the benchmark simply how fast someone gets richer?
Source: livemint.com
This story was synthesised by AI from the source linked above.
