Elon Musk, ‘the richest person on the planet,’ criticizes Biden’s billionaire tax

Elon Musk, ‘the richest person on the planet,’ criticizes Biden’s billionaire tax

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Elon Reeve Musk FRS is an entrepreneur and business tycoon. He is the creator, CEO, and Chief Engineer at SpaceX; early-stage investor, CEO, and Product Designer of Tesla, Inc.; creator of The Boring Business; and co-founder of Neuralink and OpenAI.

Musk was born to a Canadian mom and a South African father and raised in Pretoria, South Africa. He briefly went to the University of Pretoria prior to moving to Canada aged 17 to attend Queen’s University. He transferred to the University of Pennsylvania two years later, where he got bachelor’s degrees in economics and physics. He transferred to California in 1995 to go to Stanford University however decided rather to pursue a business career, co-founding the web software application company Zip2 with brother Kimbal. The startup was acquired by Compaq for US$ 307 million in 1999. The very same year, Musk co-founded online bank X.com, which combined with Confinity in 2000 to form PayPal. The company was bought by eBay in 2002 for $1.5 billion.

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Elon Musk, ‘the richest person on the planet,’ criticizes Biden’s billionaire tax – Can you believe that?

From our friends at: www.kron4.com

SAN FRANCISCO, Calif. (KRON) – Tesla CEO Elon Musk took to Twitter Monday to criticize President Joe Biden’s proposed ‘billionaires’ tax’.

The proposal would add a new special tax on the assets, not the income, of billionaires to help pay for child care, universal pre-kindergarten, child tax credits, family leave and environmental initiatives.

“Exactly. Eventually, they run out of other people’s money and then they come for you,” Musk wrote on Twitter responding to a tweet that encouraged people opposed to the new tax to write their political representative.

Musk then added, “Who is best at capital allocation – government or entrepreneurs – is indeed what it comes down to. The tricksters will conflate capital allocation with consumption.”

His comments on Twitter followed the announcement that rental car company Hertz would buy 100,000 electric vehicles from Tesla.

Musk is now ‘richer than any billionaire ever,’ according to Forbes.

Forbes estimates his net worth, as of Monday night, climbed to $255.2 billion, “making him the richest he’s ever been, and likely the richest person to ever walk the planet.”

He’s worth more than Google co-founder Larry Page, who’s the 6th richest, and Facebook CEO Mark Zuckerberg, who’s the 7th richest, combined, according to Forbes.

Elon Musk is a South African-born American entrepreneur and business person who established X.com in 1999 (which later ended up being PayPal), SpaceX in 2002 and Tesla Motors in 2003. Musk became a multimillionaire in his late 20s whenever he sold his start-up company, Zip2, to a division of Compaq Computers.

Is Elon Musk the wealthiest man on the planet?

As of 2 p.m. EDT Tuesday, Musk is in top place, worth an estimated $255.2 billion. Bezos is number 2 wealthiest, at an estimated $194.1 billion. Arnault follows in the number 3 area, worth $185.2 billion, according to Forbes’ estimates.

Did Elon Musk originate from money?

Elon Musk was not born into wealth, unlike numerous lucky businesspeople. He built himself up through his own developments and decision. Although there have actually been reports that Musk’s father was a rich, emerald mine-owning man, that isn’t true, and Musk has acquired absolutely nothing from his dad.

What is Elon Musk IQ level?

While there are no official sources that have tested Musk, his IQ is typically approximated to be 155. Specialists have based this on his possible to comprehend and use intricate technical data, his early intelligence tests, and how he utilizes his knowledge to drive development in complex markets.

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