Elon Musk Surpasses Jeff Bezos To Become The Richest Person In The World
With a net worth of more than 185 billion dollars, Elon Musk has been called the richest person in the world.
This comes after a rise in the share price of Telsa that helped Musk surpass Amazon boss Jeff Bezos, who has been the wealthiest individual since 2017 and is now worth around $184 billion.
Over the past year, Musk’s wealth rose and has been marked as the fastest increase in history to the top of the rich list.
In 2020, Musk was worth about $27 billion, and was barely in the top 50 richest people in the world.
Tesla’s rocketing share price which has increased more than nine-fold over the past year — along with his generous pay package have added more than $150 billion to his net worth.
Meanwhile, because of the potential for increased regulation from Washington, Jeff Bezos’ Amazon share price has reportedly remained more subdued.
Elon Musk passed Warren Buffet in July to become the seventh richest individual, while Musk passed Bill Gates in November to become the second richest person.
Tesla’s shares have recently been trading at about $790, up more than 4% on Thursday.