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Is Elon Musk Seeking Tax Breaks for a $24 Billion Data Center?
Politico reports Elon Musk is seeking tax breaks for a $24 billion data center in SpaceX's hometown. His net worth stands at $903.4 billion.
Elon Musk is seeking tax breaks for a $24 billion data center in SpaceX's hometown, Politico reported. Musk is worth $903.4 billion, according to Forbes' real-time billionaires data, which ranks him No. 1 among the world's billionaires.
What did Politico report about Musk's data center?
Politico reported that Musk is pursuing tax breaks for a planned $24 billion data center located in the hometown of SpaceX, the rocket company he founded. The report centres on the tax incentives being sought for the project. Further details on the terms or the outcome of the request were not included in the headline.
How much is Elon Musk worth now?
Elon Musk is worth $903.4 billion, according to Forbes' real-time billionaires data. His fortune is up about $5.9 billion in the latest live figures. The data center report was published by Politico on Nov. 10, and no direct link between the report and the latest move in his net worth has been reported.
Where does Elon Musk's wealth come from?
Musk's fortune is built on his stakes in Tesla and SpaceX. He is based in the United States, and his wealth is classified in the technology industry. A $24 billion data center tied to SpaceX's hometown would be a large project connected to one of the two companies that make up most of his net worth.
Where does this information come from?
This story is based on the 3 sources below.
- Musk seeking tax breaks for $24B data center in SpaceX's hometown — Politico
- Forbes Real-Time Billionaires — Forbes
- Live net worth tracker — billionairetracker.us
Figures come from live data at the time of publishing; profiles update every 15 minutes. Methodology