In today’s newsletter, we talk about big headline Elon Musk became 7th Richest man on the earth and How is net worth calculated
The Big Story
Tesla CEO Elon Musk just zoomed past Warren Buffett on the Bloomberg Billionaires Index to become the world’s seventh wealthiest person.
Elon Musk also called as Iron Man of real Life and it seemslike there’s nothing Elon Musk can’t do. From Selling his first venture Zip 2 to Compaq for 307 Million dollar &$34 million in stock optionsto building Tesla a self-driving car to building spacecraft for commercial space travel and what not…
But Toda, the big headline was Elon Musk Net worth is $70.5Bn Vs. Warren Buffet Net worth of $69.2Bn
$1 Billion is equal to 7700 Cr (rounded off to nearest Cr) and pls use excel sheets if you are not able to calculate worth for Elon Musk, I tried exercising my brain but failed miserably.
Before getting crazy at these numbers lets understand how Net worth is calculated
Well, according to the respectable literature, by definition, net worth is a number that represents the subject’s assets minus liabilities. Well even I didn’t understood what it mean so here is the simplified formuale
Let me explain
In a nutshell, your net worth is really everything you own of significance (your assets) minus what you owe in debts (your liabilities).
Assets include cash and investments, your home and other real estate, cars or anything else of value you own. Liabilities are what you owe on those assets — including car loans, your mortgage, and student loan debt.
Assets – Liabilities = Net Worth
I am not as accurate as Bloomberg but here is my small attempting to calculate Elon Musk ( Disc : For training and education purpose only, don’t sue me)
| Tesla | SpaceX | Total | |
| Valuation | $ 290 Billion | $ 33 Billion | |
| % Stake of Elon Musk | 20% | 54% | |
| Value of Investment | $ 58 Billion | $ 18 Billion | $ 76 Billion |
| Lest Assume other Investment | $ 10 Billion | ||
| Total Assets | $86 Billion | ||
| Less : Liabilities (Assumed) | 15.5 | ||
| Net Worth | $70.5 Billion |
Yeah, we got it buddy.. High Five
Well, Read this headline
“Musk Fortune rose by $6.07 Billion on Friday, that’s almost 9% jump in net worth in single day, ie. INR 46,200 Cr in one day and over here we are looking for discount coupons of Face Masks
However, there are lot of factors play while calculating net worth and as majority of investment are equity which are subject to market conditions and tweets by Elon Musk.
Have you calculated your net worth ?
Huh. Pls do and dont share with anyone
Until then..
Well
The Big Story
Tesla CEO Elon Musk just zoomed past Warren Buffett on the Bloomberg Billionaires Index to become the world’s seventh wealthiest person.
Elon Musk also called as Iron Man of real Life and it seemslike there’s nothing Elon Musk can’t do. From Selling his first venture Zip 2 to Compaq for 307 Million dollar &$34 million in stock optionsto building Tesla a self-driving car to building spacecraft for commercial space travel and what not…
But Toda, the big headline was Elon Musk Net worth is $70.5Bn Vs. Warren Buffet Net worth of $69.2Bn
$1 Billion is equal to 7700 Cr (rounded off to nearest Cr) and pls use excel sheets if you are not able to calculate worth for Elon Musk, I tried exercising my brain but failed miserably.
Before getting crazy at these numbers lets understand how Net worth is calculated
Well, according to the respectable literature, by definition, net worth is a number that represents the subject’s assets minus liabilities. Well even I didn’t understood what it mean so here is the simplified formuale
Let me explain
In a nutshell, your net worth is really everything you own of significance (your assets) minus what you owe in debts (your liabilities).
Assets include cash and investments, your home and other real estate, cars or anything else of value you own. Liabilities are what you owe on those assets — including car loans, your mortgage, and student loan debt.
Assets – Liabilities = Net Worth
I am not as accurate as Bloomberg but here is my small attempting to calculate Elon Musk ( Disc : For training and education purpose only, don’t sue me)
| Tesla | SpaceX | Total | |
| Valuation | $ 290 Billion | $ 33 Billion | |
| % Stake of Elon Musk | 20% | 54% | |
| Value of Investment | $ 58 Billion | $ 18 Billion | $ 76 Billion |
| Lest Assume other Investment | $ 10 Billion | ||
| Total Assets | $86 Billion | ||
| Less : Liabilities (Assumed) | 15.5 | ||
| Net Worth | $70.5 Billion |
Yeah, we got it buddy.. High Five
Well, Read this headline
“Musk Fortune rose by $6.07 Billion on Friday, that’s almost 9% jump in net worth in single day, ie. INR 46,200 Cr in one day and over here we are looking for discount coupons of Face Masks
However, there are lot of factors play while calculating net worth and as majority of investment are equity which are subject to market conditions and tweets by Elon Musk.
Have you calculated your net worth ?
Huh. Pls do and dont share with anyone
Until then..
Well
