Elon Musk is now Richer Than Any Major Sports Franchise in the USA

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Tesla CEO Elon Musk has reached another incredible wealth milestone. Bloomberg’s Billionaires IndexRecently, it was reported that Musk is the richest man on the planet, with a value of $302 billion. This makes him more wealthy than Bill Gates or Warren Buffet. Musk is currently wealthy enough to purchase every major sport franchise in Major League Baseball and the National Basketball Association, National Football League and National Hockey League. Front Office SportsThis chilling fact was pointed out by’s Follow us on TwitterHe explained that all those teams are worth $241 billion.

Musk recently eclipsed Amazon founder Jeff Bezos in the rankings for richest person in the world after a surge in SpaceX stock prices and sales. Bezos is Currently worth $199 billion. Bezos holds the title of world’s wealthiest man since 2017. However, Musk, Gates and other billionaires have been close behind him. Earlier this month, share prices for SpaceX stock jumped by 33 percent, and the company itself was valued at about $100 billion. According to BloombergThis added $11 billion to Musk’s personal wealth and the $60 billion he has accumulated this year due to the strong performance Tesla stock. 

The timing of this shuffle does not look great for Bezos, who has been trying to compete with Musk in what many call the “billionaire space race.”Blue Origin, his company, sent a spaceship up this month with Star Trek star William Shatner aboard. This stunt could not compete with SpaceX’s contracts. Musk also tweeted a silver medal from Bezos.

Social media has seen angry reactions to headlines about ultra-wealthy. Musk is often criticised for not giving more philanthropy to his workers than billionaires and for mistreating them while he makes money. Many people tweeted sardonic jokes about Musk’s work ethic and how they could use that money. Visualizations and analogies explaining how that money relate to real-life metrics began to circulate,And were all the more alarming given the current climate in the labor market.

CNBC reports that Musk has promised to give away $150 million by 2021, which is approximately 0.65 percent of his net worth. It is not clear if Musk will increase this amount from his new net worth.