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Elon Musk, richest person in the world thanks to the rise of Tesla

The rise of Tesla makes Elon Musk the richest person in the world

The rise in Tesla shares yesterday caused Elon Musk, its CEO, to surpass Jeff Bezos as the richest person in the world. Bezos, president of Amazon, held this position since 2017 with a current net worth of $ 184 billion. Musk’s rise in wealth in the past year marks the fastest rise to the top of the rich list in history and is a drastic change for the businessman, who just 18 months ago made headlines because of rapid liquidity drain. of Tesla and his personal leverage against the company’s stock.

Elon Musk started 2020 with a net worth of $ 27 billion, then ranked in the top 50 of the world’s 50 biggest fortunes, according to the Bloomberg Billionaires Index. However, Tesla’s strong appreciation, which has appreciated by nine in value over the past year, along with its generous payment package, has added more than $ 150 billion to its net worth.

Ranking of the world’s richest people. Source: Bloomberg

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Meanwhile, Amazon’s share price has been kept lower due to the potential risk of increased regulation on big tech by the new US government. Tesla shares closed yesterday at $ 816.04 after rising about 8%. The market value of the company is 760,000 million.

Evolution of Amazon and Tesla in the last year. Source: Bloomberg

Amazon and Tesla.  Evolution in the stock market in the last year

Musk surpassed Warren Buffett in July to become the world’s seventh-richest person. In November, Bill Gates was surpassed as the second most wealthy person. In fact, the Tesla executive has generated more wealth in the past year than Bill Gates’ total wealth, which stands at $ 132 billion.
Differences between Bloomberg and Forbes

However, the figures dance depending on whether it is one or another index of wealth worldwide. While Bloomberg publishes that Bezos’s wealth had been surpassed by Musk’s, the Forbes list of millionaires stated that there is a $ 7 billion difference between Bezos’s fortune and Musk’s.

Forbes pegged Bezos’s net worth at $ 184.6 billion versus Elon Musk’s $ 177.2 billion. Figures that may not include the value of Musk’s options, which he received as part of his compensation, to buy more than 33 million shares of Tesla.

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