No-1 billionaire in the world
- Elon Musk cofounded six companies including electric car maker Tesla, rocket producer SpaceX and tunneling startup Boring Company.
- He owns about 25% of Tesla between stock and options, but has pledged more than half his stock as collateral for loans.
- SpaceX, founded in 2002, is worth $127 billion after a funding round in May 2022; it quadrupled its value in three years.
- Boring Company, which aims to defeat traffic, raised $675 million in April 2022 at a $5.7 billion valuation.
- Twitter's board agreed to sell the company to Musk for $44 billion in April 2022, after he disclosed a 9.1% stake and threatened a hostile takeover.
- In July 2022, Musk announced he was terminating the deal over bot concerns. Twitter sued and the parties will go to court in October
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