Tesla boss, Elon Musk becomes world’s richest person ahead of Jeff Bezos

Elon Musk of Tesla has finally become the richest man on the planet, displacing Amazon Boss Jeff Bezos.

A 4.8% share price increase of Tesla Inc on Thursday, January 7 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 (N71,856,200,000,000.02) as he made a gain of $1.5 billion (N571,800,000,000) over the Amazon chief.

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 (N1,143,600,000).

Amazon’s Bezos has held the position of world’s richest man since October 2017. Elon Musk has always been his strong competitor in the private space business. Over several months, Musk has had his net worth grow by $150 billion.

One of the things that also contributed to that was how Tesla stock price rose by 743% in 2020, a year that marked a streak of continuous profit for him.

8 Comments

  1. I hope he will use the money for betterment of the people in his country and all over the world, congrats to him.

  2. This money is too much, how would he spend it? You really work hard to achieve this mile stones. Good luck to you.

  3. I hope it will be of a benefit to your family, country and the people in the world because having such huge amount of money without helping other is nothing.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Back to top button
Close

Adblock Detected

Disable Your Browser Adblocker For better Experince