Elon Musk is unfathomably wealthy. Here’s a breakdown of his cash, web price.

Musk can also be extending his empire underground. Born in 2016 from Musk’s exasperation with a site visitors jam, the Boring Co. is his proposed answer to congestion: “customized mass transit,” by way of tunnels.

The firm goals to construct a community of high-speed tunnels close to a few of America’s most gridlocked cities. In 2017, Musk posted on X that he had “verbal govt approval” for a Hyperloop that might join D.C. to New York and could possibly be traveled in 29 minutes.

No such undertaking has taken form.

The firm’s greatest undertaking to this point is the 1.7-mile loop under the Las Vegas Convention Center, which has been utilized by greater than 1.5 million passengers because it opened in 2021, in line with the corporate’s web site, “with a demonstrated peak capability of over 4,500 passengers per hour, and over 32,000 passengers per day.”

The Boring Co. has but to show its principle that tunneling can resolve site visitors issues on a bigger scale. Critics level out that moderately than rising mobility, the strategic relocation of automobiles underground would merely take away the site visitors from view.

Musk is insistent, nonetheless: “It’s both site visitors without end or tunnels,” he as soon as posted.

Julian Mark and Aaron Schaffer contributed to this report

All calculations of Musk’s wealth, his firm stakes and their values are sourced from the Bloomberg Billionaires Index after market shut on June 14.

Editing by Karly Domb Sadof and Kate Rabinowitz.

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