Musk took the top spot, surpassing Amazon.com Inc. founder Jeff Bezos. Bezos was at the top since October 2017.
Tesla Inc. And the new year has started well for SpaceX’s founder businessman Elon Musk. Musk has now become the richest man in the world.
The 4.8% rise in the share price of the electric car manufacturer on Thursday topped the Bloomberg Billionaire Index, beating Amazon.com Inc founder Jeff Bezos, which is a list of the 500 richest people in the world.
The South African-origin engineer had a net worth of $ 188.5 billion at 10:15 am in New York, $ 1.5 billion more than Bezos, who held the top spot since October 2017.
Musk Bezos also has a rival in the private space sector as the chief executive officer of Space Exploration Technology Corporation or Space X. Bezos owns Blue Origin LLC.
The last 12 months have been fantastic for Musk. His net worth has increased by more than $ 150 billion last year, which is the fastest in history.
The reason behind this increase is the unexpected increase in the share price of Tesla, which grew by 743 per cent last year due to continuous profit. Please tell that in November 2020, Elon Musk was sitting on the chair of the second richest man in the world, leaving behind Bill Gates.
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