Elon Musk, the co-founder of Tesla and SpaceX, has become the richest man in the world. According to Bloomberg’s list of billionaires, Musk has overtaken Jeff Bezos, the founder and CEO of Amazon, in terms of wealth.
Musk’s fortune soared as shares of Tesla rose 4.8 per cent on Thursday. Shares of Tesla were valued at 811.31 on Thursday. Elon Musk has a net worth of 188.5 billion, 1.5 billion more than Jeff Bezos.
Bezos ranked first since October 2017
The Bloomberg Billionaire ranks rich people around the world based on their total wealth. According to him, since October 2017, Bezos has been at the top of the list of the richest people in the world.
The Corona outbreak has no effect on Musk’s wealth
In November 2020, Elon Musk left behind Bill Gates and stood second. His net worth at the time was 128 billion. His fortune has increased by 150 billion in the last 12 months. Corona’s accompaniment, economic instability, recession have had no effect on his wealth.
Shares of Tesla rose 743 per cent in 2020
The biggest reason for Musk’s rise in wealth is the rise in his share price of Tesla. The company’s profits have led to a sharp rise in the price of these shares. The stock has risen 743 per cent in 2020 since joining the S&P 500 index.
According to Tesla, the company produced and sold 5 lakh electric cars last year. Musk had tweeted about it. “I am proud of Tesla’s team reaching a milestone. At the beginning of Tesla, I was only ten per cent sure we would survive.”