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Elon Musk overtakes Jeff bezos as worlds richest man

Elon Musk overtakes Jeff bezos as worlds richest man

Elon Musk overtakes Jeff bezos as worlds richest man

Ceo of Tesla and Space X Elon Musk has overtaken Jeff bezos as worlds richest person, with a net worth of more than $185 billion.

An increase in Tesla share price pushed Musk past Jeff bezos who had been the richest person since 2017 and is currently worth about $184 billion.

Elon Musk overtakes Jeff bezos as worlds richest man
Jeff bezos

Musk’s dramatic rise over the past year marks the fastest rise to the top of the rich list in history and marks a dramatic financial turnaround for the famed entrepreneur who just 18 months ago was in the headlines for Tesla’s rapid cash burn and his personal leverage against Tesla’s stock.

Musk who started 2020, with a bare 27 billion dollars and barely made into the top 50 billionaire list.

Tesla’s rocketing share price, which have gone up nine-fold along with his generous pay package have added more than $150 billion to his net worth.

Meanwhile Amazon share price has remained subdued due to potential increase in regulation from Washington.

Elon Musk passed Warren buffet in July to become the seventh richest person. In November, Musk raced past Bill gates to become the world second richest person. Musk has gained more wealth over the past 12 months than Bill Gates’ entire net worth of $132 billion.

Tesla’s shares recently traded at $790, up more than 4% on Thursday. The company’s market value has grown to $737.6 billion.

Elon Musk overtakes Jeff bezos as worlds richest man

Key points to Remember

  • Elon Musk overtakes Jeff bezos as worlds richest man.
  • Thursday’s increase in Tesla’s share price pushed Musk past Jeff Bezos, who had been the richest person since 2017 and is currently worth about $184 billion.
  • Elon Musk overtakes Jeff bezos as worlds richest man
  • Musk’s wealth surge over the past year marks the fastest rise to the top of the rich list in history — and marks a dramatic financial turnaround for the famed entrepreneur.

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Written by Izunna

I am Ejiogu Izunna
student of Futo
A Fun loving and peaceful person

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