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Elon Musk is now the richest man in the world; surpasses Jeff Bezos

Elon Musk and Jeff Bezos

After several months, Elon Musk of Tesla has finally become the richest man on the planet, displaying Amazon Boss Jeff Bezos.

What made that possible was a 4.8% share price increase of Tesla Inc on Thursday, December 17, which secured Elon’s first place among the world’s 500 richest people, Bloomberg reports.

As of 10:15 am, the co-owner of the electronic car company was worth $188.5 billion as he made a gain of $1.5 billion over the Amazon chief.

Recall that the businessman was projected to soon become the richest person in the world as he trailed Jeff Bezos after his net worth soared to $184.5billion

It was gathered that Tesla’s stock price jumped 4.9% on Wednesday, January 6, making it possible for Musk to trail Bezos by $3 billion.

It should be noted that Bezos has held the position since October 2017. The new richest man is also his strong competitor with his SpaceX in the private space business.

Over several months, Musk, like other billionaires who got stupendously richer during the pandemic, had his net worth grow by $150 billion. One of the things that also contributed to that was how Tesla’s stock price rose by 743% in 2020, a year that marked a streak of continuous profit for him.

 

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