Elon Musk became the richest man in the world thanks to Tesla. He overtook Jeff Bezos from Amazon in the Bloomberg ranking

Source: Pure PC added 08th Jan 2021

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The eccentric billionaire Elon Musk from South Africa (South Africa) has been hailed as the richest man in the world. He managed to overtake Jeff Bezos, an American entrepreneur who is the president of Amazon, who has been at the top of the Bloomberg ranking since 2017. The breakthrough of the current leader was possible thanks to the significant increase in the price of Tesla shares, the car concern founded by Elon Musk and owning approx. 20 percentage of shares in this company. The price of a single share currently exceeds 816 dollars. In addition, Musk also owns 48 percent of shares in the space company SpaceX (Space Exploration Technologies Corporation). Elon Musk himself taking over the leader’s baton quipped “How strange. Okay, time to go back to work… ”. How much is his fortune?

Elon Musk, founder of the Tesla automotive company and SpaceX space company, has become the richest man in the world, ahead of Jeff Bezos from Amazon. The wealth of the eccentric entrepreneur is estimated according to Bloomberg at 195 billions of dollars (by 10 billion more than Bezosa).

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According to data from the Bloomberg Billionaires Index 49 – summer Elon Musk, founder of Tesla, SpaceX and X.com (now PayPal), can boast of assets currently valued at 195 billions of dollars. He is 10 billions taller than Jeff can be proud of Bezos from Amazon (185 billions of dollars) and over 60 billions from Bill Gates (134 billions of dollars) . The top five also includes Bernard Arnault (French entrepreneur, president of Louis Vuitton Moët Hennessy, a well-known manufacturer of luxury cosmetics, jewelry, clothing and alcohol) and Mark Zuckerberg (of course, creator of the Facebook social network). According to Bloomberg, their fortune is estimated at $ 116 billion dollars. and 102 billion dollars. These are the only people who currently break the magic barrier 100 billions in the ranking of the richest people.

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The biggest impact on the first place in the ranking of the richest man in the world was the gigantic increase in Tesla’s stock exchange. The value of the company’s shares soared in 2020 by as much as 743%, significantly increasing the wealth of the businessman ( at the beginning of last year, it was worth “only” 27 billion dollars. he hardly entered the list of 50 of the richest people). The automotive company Elon Musk managed to sell almost half a million electric cars in 2020, the most sold models were Tesla Y (SUV) and, above all, the extremely popular Tesla 3 ( sedan). Interestingly, in the Forbes ranking, Elon Musk is still in second place, losing to the leader, Jeff Bezos from Amazon, 7.4 billion (177 , 2 billion vs 184, 6 billion). This is because the Forbes editorial team uses different methods of calculating wealth from Bloomberg.

Source: The Verge, CNN, Bloomberg, Forbes