Warren Buffett

Elon Musk became the richest man in the world

Summary

Elon Musk Becomes The World’s Richest Person | Forbes Description video: As his fortune continues to grow at an unprecedented rate, Elon Musk has now become the world’s richest person, officially overtaking Amazon CEO Jeff Bezos.\n\nShares of Musk’s electric-vehicle maker […]

Elon Musk Becomes The World’s Richest Person | Forbes

Description video:
As his fortune continues to grow at an unprecedented rate, Elon Musk has now become the world’s richest person, officially overtaking Amazon CEO Jeff Bezos.\n\nShares of Musk’s electric-vehicle maker Tesla rose by another 8.2% as of 11:30 a.m. EST on Friday, pushing Musk’s net worth up by $12.5 billion, to $189.7 billion. That makes him the wealthiest person on the planet, according to Forbes’ estimates.\n\nDespite a report from Bloomberg earlier this week claiming that Musk became the world’s richest person on Wednesday, by Forbes’ calculations, the Tesla chief didn’t officially take the number one spot until Friday morning. He’s now nearly $5 billion ahead of the former world’s number one, Jeff Bezos, who has a net worth of $185 billion as of 11:30 a.m EST.\n\nRead the full profile on Forbes: https://www.forbes.com/sites/sergeiklebnikov/2021/01/08/elon-musk-is-now-the-richest-person-in-the-world-officially-surpassing-jeff-bezos/?sh=7bc18bf43b86\n\nSubscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1\n\nStay Connected\nForbes newsletters: https://newsletters.editorial.forbes.com\nForbes on Facebook: http://fb.com/forbes\nForbes Video on Twitter: http://www.twitter.com/forbes\nForbes Video on Instagram: http://instagram.com/forbes\nMore From Forbes: http://forbes.com\n\nForbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.

Elon Musk became the richest man in the world

Elon Musk became the richest man in the world with a fortune of over $ 185 billion.

Elon Musk became the richest man in the world

Tesla share price hike on Thursday helped Elon Musk overtake Jeff Bezos, who has been the richest man in the world since 2017 and is currently worth an estimated $ 184 billion. Musk’s rise in wealth over the past year has been the fastest rise to the top of the rich list in history..

Musk kicked off 2020 with nearly $ 27 billion in income and barely made it into the top 50 richest people.

Tesla’s skyrocketing share price, which has grown more than ninefold in the past year, has, together with its generous payroll, boosted his net worth by more than $ 150 billion..

Meanwhile, Amazon’s stock price remained lower due to the possibility of increased regulation from Washington..

Elon Musk overtook Warren Buffett in July and became the seventh richest person. Musk overtook Bill Gates and became the second largest person in the world by assets. Musk has made more wealth in the past 12 months than Bill Gates’ entire net worth, which is estimated at $ 132 billion..

Tesla shares closed at $ 816.04 on Thursday, up 8%. The market value of the company has grown to over $ 760 billion.

While the Bloomberg Billionaires Index on Wednesday, ahead of Thursday’s bidding, left Musk about $ 3 billion short of equal to Bezos after the market closed on Thursday, Musk lagged behind Bezos by about $ 7 billion. Forbes estimated Bezos’ net worth at $ 184.6 billion and Musk at $ 177.2 billion. However, Forbes may ignore the value of Musk’s options, which he received as part of his payment package, to buy more than 33 million Tesla shares..