Elon Musk became the richest person in the world with a net worth of more than $ 185 billion.
Thursday’s Tesla share price surge pushed Musk past Jeff Bezos, who has been the richest person since 2017 and is currently valued at around $ 184 billion. Musk’s prosperity surge last year marked the fastest climb to the top of the rich list in history – and is a dramatic financial turnaround for the famous entrepreneur who hit the headlines for Tesla’s quick money-burner and personal leverage 18 months ago for the stocks the company.
Musk launched in 2020 valued at around $ 27 billion and was barely among the 50 richest people.
Tesla’s soaring stock price, which has increased more than tenfold in the past year, and his generous salary package have increased his net worth more than $ 150 billion.
Meanwhile, Amazon’s share price remained more subdued due to the potential for increased regulation by Washington.
Elon Musk overtook Warren Buffett in July to become the seventh richest person. In November, Musk raced past Bill Gates and became the second richest person. Musk has gained more wealth over the past 12 months than Bill Gates’ total net worth of $ 132 billion.
Tesla’s shares closed at $ 816.04 on Thursday, up nearly 8%. The company’s market value has risen to over $ 760 billion.
While the Bloomberg Billionaires Index had Musk within $ 3 billion of Bezos’ net worth on Wednesday before Thursday’s trading, Musk was about $ 7 billion behind Bezos on the Forbes Real Time Billionaires List after the market closed on Thursday. Forbes put the net worth of Bezos at $ 184.6 billion and Musk at $ 177.2 billion. However, Forbes may not take into account the value of Musk’s options received as part of his salary package to buy more than 33 million Tesla shares.