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Is Elon Musk The Richest Man In The World?

According to reports, Tesla & SpaceX CEO Elon Musk is now the richest person in the world. Rocketing (pun intended) past Amazon CEO Jeff Bezos, Elon Musk ‘s current net worth is estimated at $188.5 billion USD, which is about $1.5 billion USD greater than Bezos’ value as is presently estimated.

 

Elon Musk stole the top spot as the richest man in the world when Tesla’s stock price jumped up to 4.8%. This is the first time since October 2017 that an individual person got ahead of Amazon’s Jeff Bezos in terms of net worth. Both billionaires have also been direct business competitors with Bezos’ Blue Origin LLC against Musk’s SpaceX. Back in 2020 Musk received a great deal of finacial success when Tesla Motors became the most profitable automotive manufacturer in the world as the stock price skyrocketed a whopping 743%. Meanwhile Jeff Bezos also saw outstanding growth due to an increase in Amazon shopping trends caused by the Coronavirus pandemic. Although, due to his divorce from MacKenzie Scott roughly a quarter of his total equity in Amazon was stripped in addition to a small amount of donation such as the $680 million USD with the goal of combating the Coronavirus.

 

Additionally, Elon Musk has yet to show signs of stopping with the output of Tesla vehicles steadily rising and SpaceX continuing to make strides towards colonizing Mars.

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