Elon Musk is Now Worth R4.25 Trillion, Can Fund Mzansi for-2 Years and Still Be Rich Rich

Elon Musk is Now Worth R4.25 Trillion, Can Fund Mzansi for-2 Years and Still Be Rich Rich

  • Elon Musk, the South African-born entrepreneur, is so wealthy that he can afford to fund the South African government for two years and still be richer than SA's richest
  • Musk's wealth shot up from R3.7 trillion to R4.25 trillion in just a few days after Tesla stocks went up
  • With his wealth, Musk would be able to bail out state-owned enterprises as well as pay the salaries of all government employees for two years

PAY ATTENTION: Follow Briefly News on Twitter and never miss the hottest topics! Find us at @brieflyza!

JOHANNESBURG - Elon Musk, South African born Space entrepreneur and Tesla CEO is now so wealthy that he can fund the entire country for two whole years and still be richer than some of the wealthiest people in South Africa.

Just a few days prior, Musk was worth R3.7 trillion, however, a surge in Telsa stocks saw Musk's wealth reaching a whooping R4.25 trillion.

Read also

Elon Musk set to become the world's 1st dollar trillionaire ever, bank predicts

Elon Musk, Tesla Ceo, SpaceX, rich, wealthy, Hertz
Elon Musk is rich enough to fund the entire South African government for two years. Image: Britta Pedersen-Pool & Saul Martinez
Source: Getty Images

Musk is not only the car company's CEO, but he also has a large number of shares vested in the firm, according to Fin24.

Tesla's stocks shot up after car leasing company Hertz made a huge order for electric vehicles from the company.

Enjoy reading our stories? Download the BRIEFLY NEWS app on Google Play now and stay up-to-date with major South African news!

Musk's wealth means that he will be able to all employees of the government, fund the bailouts for state-owned enterprises such as South African Airways and Eskom as well as build roads and schools, according to BusinessInsider.

The South African born entrepreneur would also be able to maintain the SA military, payout all social welfare grants as well as fund the education sector and healthcare sector.

After funding SA for two years, Musk will still be wealthier than Nicky Oppenhiemier who is currently the richest person in Mzansi.

Read also

Investec in the middle of a global tax fraud investigation, worth R932 billion

Elon Musk set to become the world’s 1st trillionaire in dollars and make history: bank predicts

Briefly News previously reported that an analyst, Adam Jonas, at an investment bank, Morgan Stanley, has said that the world’s richest man, Elon Musk, might become the first man to become a trillionaire in dollars.

He linked this prediction to the massive growth of the billionaire’s aerospace company, SpaceX. Adam revealed what more than one of their clients told them about Musk, Guardian reports.

He said:

“More than one client has told us if Elon Musk were to become the first trillionaire ... it won’t be because of Tesla. Others have said SpaceX may eventually be the most highly valued company in the world – in any industry.”

Source: Briefly.co.za

Online view pixel