Business Insider
US · 4 hrs ago
✦ 75◉ Centre
Elon Musk's wealth jumps to a record $722 billion as SpaceX's IPO filing shines new light on his finances
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Quality 75/100
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◉ Centre ✓ Fair headline
Elon Musk's estimated wealth reached a record $722 billion after SpaceX's IPO filing revealed he has minimal debt against his shares, prompting Bloomberg to adjust its wealth calculation upward by $45 billion.
Elon Musk's wealth jumps to a record $722 billion as SpaceX's IPO filing shines new light on his finances
Elon Musk is even wealthier than previously thought.
Bloomberg/Getty Images
Elon Musk is worth a record $722 billion after a $45 billion gain on Thursday.
SpaceX's IPO filing this week revealed he's borrowing against virtually none of his shares.
The revelation led Bloomberg to remove a $45 billion liability from its wealth estimate for Musk.
Elon Musk's estimated wealth soared by $45 billion to a record $722 billion on Thursday after the release of SpaceX's IPO prospectus offered fresh transp
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