Elon Musk Is Officially A Centibillionaire

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Elon Musk Is Officially A CentibillionairePA Images

While people throughout the world grapple with the economic fallout of the pandemic, the world’s wealthiest elite are continued to rake at the coins, as Tesla CEO Elon Musk unites the centbillionaires club.

As of Wednesday, August 26, Musk’s wealth officially surpassed $100 billion after shares of the electrical car company jumped.

Meanwhile, Amazon manager Jeff Bezos’s net worth has increased to an eye-watering record of 200 billion, cementing his position as the wealthiest person on earth.

Elon MuskPA Images

Sadly, the difference between the wealthy and the poor has continued to grow throughout the ordeal, with several of the wealthiest individuals on earth visiting their prosperity blossom since the beginning of the year.

Bloomberg reports that the 500 wealthiest people on earth have obtained a combined sum of $809 billion since January, $87 billion of it belonging to Bezos.

Meanwhile, as the demand for electrical vehicles keeps growing, Tesla stocks have jumped 400% annually, with Musk owning 40.4 million shares, amounting to an impressive $87 billion. This is a growth of the 38.7 million shares he possessed at the beginning of the year, which had been worth $16.2 billion in that time.

Amazon boss Jeff BezosPA Images

With his fresh centbillionaire status, Musk has joined an elite team, alongside only Bezos, Microsoft mogul Bill Gates, who is worth $124 billion, also Facebook founder Mark Zuckerberg, who is worth $115 billion.

Meanwhile, Musk, who is famed for his company Tesla, which makes electrical vehicles and parts, and SpaceX, which assembles spacecrafts, continues to develop his empire.

Yesterday, August 26, the company disclosed his controversial ‘brain chip’ could be coming to promote a whole lot earlier than anyone expected.

Just over a month ago, Musk announced his latest startup, Neuralink, was in the process of developing a brain-computer port that allegedly includes a life-changing array of benefits — such as the capability to stream music straight into your brain.

Live webcast of working @Neuralink deviceFriday 3pm Pacific https://t.co/PouLbrGzFU

— Elon Musk (@elonmusk) August 26, 2020

Tomorrow, August 28, the company, which is already given $158 million in funding, will establish a working device at approximately 6pm ET (11pm BST).

It comes after Musk guaranteed the world a ‘progress report’ around August 28, when he tweeted, ‘AI symbiosis while kindly N ,’ backwards in July.

In his statement yesterday, Musk advised his followers that the upgrade will include the unveiling of a robot made to attach the business ’s engineering to the brain, as well as a demo of neurons ‘shooting in real-time’. There’ll also be an update on the status of human trials in 2020.

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