A new superbillionaires report ranks Elon Musk as the wealthiest person globally, with an estimated net worth of $419.4 billion. He leads by a significant margin over other top billionaires, including the second and third richest individuals,
Over the years, Musk and his businesses have received at least $38 billion in government contracts, loans, subsidies and tax credits, often at critical moments, a Washington Post analysis has found, helping seed the growth that has made him the world’s richest person.
A new category of the ultra-rich, ‘super billionaires’ has emerged, distinguishing individuals with a net worth exceeding USD 50 billion from the rest of the billionaire class. According to a Wall Street Journal (WSJ) report,