Elon Musk Displaces Jeff Bezos to become World’s Richest Individual

Elon Musk, the world-famous billionaire and brains behind Tesla Inc. and SpaceX, is currently the richest man in the world.

A 4.8 percent rise in the share price of the electric carmaker at today’s trade session raised the asset value of Elon Musk past Jeff Bezos’ on the Bloomberg Billionaires Index, a list of the 500 richest individuals in the world.

According to reports from Nairametrics, Elon Musk is currently worth $194.8 billion; around $9.5 billion higher than Jeff Bezos’ net worth.

The wealth gain of Elon Musk in 202 represents the quickest rise through the ranks of the forbes list in recent history, which marks a sharp turn from a corporation plagued with debt less than two years ago as the rapidly depleted cash state of Tesla struggled to remain in business.

A Democratic-controlled U.S. Senate is optimistic for Tesla, under the premise that at least for the next few years there will be more pro-renewable investments.

Since its 2010 initial public offering, including a 5-for-1 stock split in 2020, Tesla has earned more than 23,900 percent.

About Roy Emmanuel

Check Also

BTC Records the highest 1-day Crash since March last year

In the early hours of Friday, Bitcoin, experienced major losses, when a large chunk of …

Leave a Reply

Your email address will not be published.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

Covid-19 updates

Stay Safe