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Friday, January 8, 2021

49-Year-Old Elon Musk Is Now The Richest Person In The World


 Elon Musk, the outspoken entrepreneur behind Tesla Inc. and SpaceX, is now the richest person on the planet.

A 4.8% rally in the electric carmaker’s share price Thursday boosted Musk past Amazon.com Inc. founder Jeff Bezos on the Bloomberg Billionaires Index, a ranking of the world’s 500 wealthiest people.

The South Africa-born engineer’s net worth was $188.5 billion at 10:15 a.m. in New York, $1.5 billion more than Bezos, who has held the top spot since October 2017. As chief executive officer of Space Exploration Technologies Corp., or SpaceX, Musk is also a rival to Bezos, owner of Blue Origin LLC, in the private space race.

The milestone caps an extraordinary 12 months for Musk. Over the past year his net worth soared by more than $150 billion in possibly the fastest bout of wealth creation in history. Fueling his rise was

an unprecedented rally in Tesla’s share price, which surged 743% last year on the back of consistent profits, inclusion in the S&P 500 Index and enthusiasm from Wall Street and retail investors alike.

Bezos would still hold a wide lead over Musk had it not been for his divorce, which saw him cede about a quarter of his Amazon stake to his ex-wife, MacKenzie Scott, and his philanthropy. He donated shares worth about $680 million in November.

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Gold Bassey

Where is Elon Musk from ?

Endy Edeson

Gold Bassey he is from South Africa

Gold Bassey

Then why did they said dangote is the riches in Africa

Endy Edeson

Gold Bassey Because Elon Musk is based in America. His parent is from South Africa but built his business in America

Gold Bassey

Okay, thanks for the enlightenment
1

Peter Dennis Okeke

This is amazing. He has built momentum. I told some friends that he will soon become the richest person in the world. His electric car Tesla model is really trending. There is no way such momentum could not catapult him to the top.
Congratulations My man.
1

Mashudi Samaxe Suchet

This guy doesn't pay tithes or put offerings. No help to Charity etc. When you sell your soul to the devil this is what you get in return
3

Endy Edeson

Mashudi Samaxe Suchet I don't think Elon Musk is a Satanist. He worked hard to achieve this success

Christina Daniel

Welll wow 😲 I hope I will over take him too 😤
1

Adesina Olujide Adewale

And his comment was “really? Lets get back to work”
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