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6 December 2021
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Elon Musk Now The Richest Person In The World

Elon Musk just became the richest person in the world, with a net worth of more than $185 billion.

Thursday’s increase in Tesla’s share price pushed him past Jeff Bezos, who had been the richest person since 2017 and is currently worth about $184 billion.

Elon 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 who just 18 months ago was in the headlines for Tesla’s rapid cash burn and his personal leverage against Tesla’s stock.

Musk started 2020 worth about $27 billion, and was barely in the top 50 richest people.

Tesla’s rocketing share price which has increased more than nine-fold over the past year along with his generous pay package has added more than $150 billion to his net worth.

Meanwhile, Amazon’s share price has remained more subdued due to the potential for increased regulation from Washington.

Elon Musk passed Warren Buffett in July to become the seventh richest person.

In November, he raced past Bill Gates to become the second richest person.

He has gained more wealth over the past 12 months than Bill Gates’ entire net worth of $132 billion.

Tesla’s shares were recently trading at about $790, up more than 4% in trading Thursday.

The company’s market value has grown to $737.6 billion.

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22 comments

Abdulsomad 8 January 2021 at 12:12 AM

Good to know

Reply
Davins 8 January 2021 at 2:08 AM

Money in the bank, pocket and house.. opoor pa

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Dera 8 January 2021 at 7:01 AM

Wow.. we pray to get there

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Weironex 8 January 2021 at 7:34 AM

This is a great achievement

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Ayomide 8 January 2021 at 9:04 AM

All the best

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Free2threads 8 January 2021 at 12:11 PM

Congratulations

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Emmanuel 8 January 2021 at 4:19 PM

Good

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Praise 8 January 2021 at 4:19 PM

Congrats

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Alabi 8 January 2021 at 8:20 PM

who cares

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Wale 8 January 2021 at 8:21 PM

all the best

Reply
Empire 8 January 2021 at 11:13 PM

I’ll get there BGG

Reply
Happiness 8 January 2021 at 11:18 PM

Congrats

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Davidson 9 January 2021 at 3:12 AM

Wonderful

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Okoro Samuel 9 January 2021 at 3:13 AM

Nice one

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Daniel 9 January 2021 at 3:13 AM

Wonderful

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Israel 25 January 2021 at 3:31 PM

Congratulations

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Faith 9 January 2021 at 3:14 AM

Interesting

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Isaac 9 January 2021 at 3:14 AM

Congrats

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John 9 January 2021 at 3:15 AM

Good one

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Babarinde Fatiu 9 January 2021 at 7:16 PM

Congratulations

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Tumzy 11 January 2021 at 1:31 PM

He overtook many to get there

Reply
Arisha Oluwatimileyin 18 January 2021 at 9:36 PM

Congratulations.

Reply

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