David here.

Yesterday, news broke that the legendary Elon Musk has officially become the world’s second richest person, taking over the spot that Bill Gates has held for years.

Elon’s net worth is now a whopping $128 billion. Only Amazon CEO Jeff Bezos, whose net worth is $182 billion, is richer.

The news came after a massive surge in Tesla stock that pushed the company’s value over $509 billion after the company announced plans to join the S&P 500 in December.

For context, Tesla’s value was under $45 billion just 18 months ago. Year-to-date, the company’s shares have soared by nearly 550%.

And as Elon continues to refine Tesla’s products and expand to new markets, I fully expect his net worth to reach unprecedented heights in the next few years.

Now, there’s no denying that Elon is one of the most revered entrepreneurs of our generation.

He’s one of my biggest role models, and I’ve learned an awful lot from his career that I’ve applied to my own over the years.

In July, I even wrote an article about the top 3 lessons I’ve ever learned from him. (You can check that out here.)

Back then, Elon had just surpassed Warren Buffett to become the seventh richest man in the world. That’s an incredible milestone in itself, but this week’s news takes it to another level entirely.

In my opinion, however, Elon’s rise to fame and fortune isn’t that surprising. He’s a visionary who represents a class of entrepreneurship unlike anything the world has ever seen.

To some people, Elon may seem downright crazy… and maybe he is.

But I think crazy is exactly what the world needs to keep pushing forward into the future.

Elon has generated some of the most fantastic inventions and ideas of our generation.

He’s the co-founder of PayPal, the mind behind SolarCity, the founder of SpaceX, and of course, the CEO of Tesla. These businesses purely started as ideas that, to some, may have seemed impossible long ago.

But Elon is a master of doing the impossible. He sees challenges as opportunities, rather than hurdles, and works hard to do the things that others won’t.

His ventures have reaped the rewards of his tenacious work ethic, each one growing to multibillion-dollar businesses since their founding.

Now, I don’t focus on the stock market too much… but if this week’s news is any indication, I’d be willing to bet that anything Elon Musk touches is bound to turn to gold.

Tesla is the most valuable car company in the world right now, and Elon has already announced plans to expand into Europe with a smaller car model produced on the mass market.

In other words, Tesla’s future (and Elon’s bank account) is looking bright.

And as angel investors, we can learn a whole lot from Elon’s strategy and apply them to our own. We should always be on the lookout for entrepreneurs with the same kind of talent and drive that Elon has.

Because the next PayPal, Tesla, or SpaceX is out there somewhere… and finding it would set us up for the rest of our lives.

That’s all from me for now, but I’ll be back soon with another update. If you’re celebrating, I hope you have a very happy Thanksgiving. Otherwise, have a great rest of your week!

Very best,

David Weisburd

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