News

Elon Musk’s net worth is higher than Pakistan’s GDP

Elon Musk, one of the world’s richest human beings and the brains behind Tesla and SpaceX, has amassed a net worth of nearly $292 billion and will slowly reach the $300 billion milestone. The interesting fact here is that musk officially has more money than the entire Gross Domestic Product (GDP) of Pakistan which is $280 billion.

In comparison, the GDP of Pakistan houses nearly 220 million people in accordance with the 2020-2021 report whereas Elon Musk just added $36 billion more to his fortune. This comparison was initially brought around by a US-based journalist named Edward Lewis last Wednesday.

In addition, Musk’s net worth is now even higher than the market capitalization of Toyota which is valued at around $283 billion at present. Moreover, Tesla has now become the first automaker to join the elite club of trillion-dollar companies where the companies share a prominent position in this list alongside Microsoft, Amazon, Alphabet, Google, and more.

According to the New York Times, Tesla is very different from other car companies due to its astounding performance. Although the company has a high yield along with the yield there is a high risk too as Tesla’s nearly $10 billion long-term investment debt was raised to BB+ which is one level below the investment grade.

Despite these ups and downs, Musk has made a significant yet shocking impact with his ever-increasing net worth.

Sponsored
Usman Aslam

A tech enthusiast, writer, researcher and strategist working on the latest technologies and making an impact. Usman has been heavily focused on building communities, empowering people through technological trends and advancements for over 3+ years including many notable names such as IEEE Region 10, TEDx, Google Developers, United Nations Programmes, Microsoft Partner Program and much more. Reach out: usman.aslam@techjuice.pk

Share
Published by
Usman Aslam

Recent Posts

Garena Free Fire India Launch Rumors: What Fans Need to Know

Reports suggest that Garena Free Fire is set to make a much-anticipated return to India.…

16 hours ago

Albania Bans TikTok for One Year: Here’s the Reason!

The Albanian government has announced a ban on the social media platform TikTok for a…

20 hours ago

Google Pixel 9 Pro vs. 8 Pro: Biggest Upgrades Compared

The launch of Google’s latest Pixel lineup brings an exciting chance to compare the new…

21 hours ago

Azad Kashmir to Host Pakistan’s First Women-Centric Software Technology Park

ISLAMABAD: In February next year, Pakistan is set to launch its first women-focused software technology…

22 hours ago

HEC Reveals Law Admission Test Date for LLB Students

The Law Admission Test (LAT) has been announced by the Higher Education Commission (HEC) of…

23 hours ago

Meta’s WhatsApp to Release New Playback Speed Feature for Videos

Meta's WhatsApp is rolling out a new playback speed feature, allowing users to adjust video…

1 day ago