Elon Musk, head of Tesla and SpaceX, and outspoken commentator, has surpassed Amazon boss Jeff Bezos to become the world’s richest man. It is for the first time Elon Musk becoming the world’s richest person. Electric Tesla’s stock rose 4.8 percent to overtake Bezos in the Bloomberg Billionaires Index.
Born in South Africa, Musk has a net worth of $ 188.5 billion. That’s $ 1.5 billion more than Bezos. The head of Amazon has been holding the top spot since 2017. SpaceXjas also become a competitor to Bezos’s space programme, which is named Blue Origin LLC.
In early 2020, Musk had only a net worth of $27 billion and was barely in the world’s Top 50 richest person. But anyway, 2020 was an extraordinary year for Musk’s growth, with his fortune soaring to $ 150 billion. The assessment is that perhaps no one in the world has been able to acquire so much wealth so quickly. The new achievement has given him great glory in the world.
At the same time, the rise in Tesla’s stocks is noteworthy. Last year alone, it rose to 743 percent. The increase in confidence of investors in Tesla has made it profitable. But reports suggest that Bezos may still be in a big lead over Musk. However, Tesla’s share price is rising in a very strange way. The company sold a total of about five lakh vehicles last year.
Observers say this is only a small percentage of Ford and General Motors’ number of vehicles. However, it is expected that the increase in the electric cars in the world would help in Tesla’s growth. Tesla’s rapid growth has benefited Musk in two ways. He owns 20 percent of the company. Besides, he owns $ 42 billion raised through West Stock Options. He said that although all the money was accumulating around him, he had no appetite for material things. His focus is on the growth of companies. He added that one of his goals was to accelerate mankind’s space travel.
When the news came that he was the richest man in the world, he tweeted, “How strange.”
After that, he tweeted that he should continue my work. The world’s top 500 richest people say they saw $ 1.8 trillion flowing into their hands last year alone. In a recent interview, Musk told that he wants to use his wealth to build a city on Mars, but he added that he needs a lot of money.