Tesla CEO Elon Musk has once again sold Tesla shares from his private stake for more than $1 billion.
Elon Musk sold 934,000 shares for $1.02 billion, according to a report filed with the US Stock Exchange.
The founding CEO of Tesla is also the company’s largest shareholder. Elon Musk launched a Twitter poll in early November about whether to sell Tesla package shares for tax purposes.
Musk has so far sold 15.6 million Tesla shares, generating $16.7 billion in revenue.
Most recently, it sold 934,000 shares last week for $928 million.
To sell the 10 percent of the stake it owns, it would have to sell 17 million shares based on the results of the vote.
Elon Musk is currently the richest man in the world. Bloomberg estimates it has $278.9 billion in assets, up 80 percent from the beginning of this year. Forbes said it still had more than $300 billion in assets ahead of the Thanksgiving holiday.
Although Musk’s fortunes are waning, he is far ahead of the world’s second-richest man, Jeff Bezos, founder of amazon.com, who has $196 billion in fortunes, according to Forbes magazine. In third place comes French fashion mogul Bernard Arnault with $187 billion, and fourth, Bill Gates, co-founder of Microsoft with $136 billion.
Opening photo: MTI // EPA / Tesla
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