In 2020, he had a net worth of about $29 billion, which was not enough to figure in the list of the top 10 richest people in the world. By Chris Isidore, CNN Business. Is it so strange to believe that it was almost inevitable that Elon Musk would become so wealthy? He achieves this by surpassing Amazon CEO Jeff Bezos with a net worth of $188.5 Billion USD. Shares of electric-vehicle maker Tesla, on the other hand, lost 1.1% on Thursday, pushing Musk’s net worth down by $1.8 billion. Musk is now worth $182.9 billion, which again makes him the wealthiest person on the planet, according to Forbes’ estimates. A Division of NBCUniversal. Musk was featured on the top of Bloomberg Billionaire Index, a list of top 500 richest people in the world, on 7 January 2021. Elon Musk just became the richest person in the world, with a net worth of more than $185 billion, according to CNBC calculations. It’s been a quite meteoric rise for Elon Musks, who just passed Jeff Bezos, the founders of Amazon as the world’s richest man. Musk owns Tesla Inc. and SpaceX and his Tesla Inc. (TSLA) stocks have risen 6 per cent, giving him a led over Amazon Inc. stocks. On January 7, 2021, the mainstream media announced that Musk had eclipsed Jeff Bezos for the No. Before that, I wrote about investing for Money Magazine. Elon Musk just became the richest person in the world, with a net worth of more than $185 billion, according to CNBC calculations. Amazon’s stock fell 1.2%, lowering Bezos’ net worth by $2 billion, to $182.8 billion. Data is a real-time snapshot *Data is delayed at least 15 minutes. Musk was also No. But in 2020, Musk’s net worth grew to more than $ 194.8 billion. His His Boring Co. is developing a point-to-point travel system that … The company's market value has grown to more than $760 billion. Amazon's share price has remained more subdued due to the potential for increased regulation from Washington. Just six days into the new year, Elon Musk became the world’s richest person in 2021 His personal fortune is $188 billion, up 548% from one year ago Tesla shares are up 1,030% since the market bottom in 2020 Elon Musk’s rocketing net worth may be the fastest accumulation of wealth in history Jeff Bezos is currently the richest man in the world. For Musk’s cult of free-market fanboys this simply proves his genius – a fair reward for the world’s most brilliant inventor. I am a New York-based reporter covering billionaires and their wealth for Forbes. He is the founder of four multibillion-dollar companies, including Tesla and SpaceX. On Thursday, a Twitter account called ‘Tesla Owners of Silicon Valley’ shared the news to the 49-year-old South African businessman becoming the world’s richest person and earned a wry response from Mr Musk himself. world’s richest or second-richest man, depending on the day—had a sideline in rapid transit. Business Insider reports that Elon Musk is now the richest man in the world. Amazon founder Jeff Bezos is no longer the richest man in the world, after Tesla CEO Elon Musk's fortune rose to $188.5 billion, $1.5 billion more than Bezos. How Elon Musk became the richest man in the world Elon Musk’s networth rose to over $185 BILLION on Thursday, surpassing that of Amazon CEO Jeff Bezos. The SpaceX founder and CEO is now worth more than $185 billion, thanks in … Edit of Jack Ma and Elon Musk at the World Artificial Intelligence Conference His net worth has skyrocketed to $187 billion. Considering he sold his first software program at just 12-years-old, this type of wealth was always on the cards. AB says: January 8, 2021 at 8:22 pm. Elon Musk, the world's richest man, is about to get a whole lot richer. Musk's wealth surge over the past year marks the fastest rise to the top of the rich list in history — and marks a dramatic financial turnaround for the famed entrepreneur. 2. Tesla's rocketing share price — which has increased more than ninefold over the past year — and his generous pay package have added more than $150 billion to his net worth. Elon Musk, co-founder and head designer of SpaceX, Tesla, The Boring Company, and Neuralink, now tops the world’s richest people, beating Jeff Bezos and other billionaires. Amazon founder Jeff Bezos is no longer the richest man in the world and occupied for more than three years , he has held the top spot since October 2017 according to the Bloomberg Billionaires Index, a ranking of the world’s 500 wealthiest people. Musk has gained more wealth over the past 12 months than Gates' entire net worth of $132 billion. Elon Musk Recently Became The World’s Richest Man At Tesla (Naresh777 / Shutterstock.com) In the race to be the richest man on the planet, Musk is … Soho ... Easy to the be the richest man in the world when your corporation doesn’t pay taxes and your accountants can write off just about everything you do or own. He surpassed Jeff Bezos, CEO of Amazon, on 7th of January, who is currently worth $184 billion. Tesla billionaire Elon Musk reclaimed the top spot on Thursday, as he and Jeff Bezos continue to ... [+] trade places. Tesla's shares closed Thursday at $816.04, up nearly 8%. You may opt-out by, The Leukemia & Lymphoma Society BrandVoice, BofA Says Chance Of Global Corporate Minimum Tax Hit Is Rising—Thanks To Biden. Can Johnson & Johnson Stock Rise Post Q1 Results? Elon Musk Reacts to News that He’s the Richest Person in the World by Ryan Glasspiegel 3 months ago updated 3 months ago 4 With Tesla stock over $800 a share and a market cap (total value) of $864 billion, Elon Musk has now surpassed Jeff Bezos as the richest person in the world. Tesla’s stock price reached an all-time high of $1750 a share, and a company valuation of over $325 billion. Updated 2007 GMT (0407 HKT) February 12, 2021 . All Rights Reserved. It helped him to surpass Jeff Bezos. Thursday's increase in Tesla's share price pushed Musk past Jeff Bezos, who had been the richest person since 2017 and is currently worth about $184 billion. Elon Musk is worth a whopping 185 billion dollars. Palihapitiya on Musk: The world's richest person should be somebody who's fighting climate change, Elon Musk says he tried to sell Tesla to Apple in 2018. Fast-forwarding to 2020, it is now the most valuable automaker in the world. His reinvestment strategy played a major role in driving Tesla shares to a whopping 740% increase in 2020. We want to hear from you. Musk’s net worth has grown at an astonishing rate over the last year, rising more than $150 billion since March 2020, when he was worth $24.6 billion. According to Bloomberg, the Tesla Inc. and SpaceX CEO's net worth has now reached some $188.5 billion, thanks in part to a 4.8% surge in Tesla's shares. I graduated from the University of St Andrews in 2018, majoring in International Relations and Modern History. All Rights Reserved, This is a BETA experience. The 6 per cent increase shows Musk’s stock holdings … 1 on Bloomberg Billionaires Index. Just 17 years ago, however, Tesla was nothing more than a daring ambition. Elon Musk just became the richest person in the world, with a net worth of more than $185 billion. On July 13, 2020 CEO of Tesla Elon Musk became the world’s seventh-richest man. Elon Musk takes the crown as the richest man in the world, according to Bloomberg. His net worth has skyrocketed to $187 billion. 1 spot, with a total net worth of $185 billion. © 2021 CNBC LLC. Elon Musk is the richest man in the world Russia will develop a super-heavy rocket that can deliver 27 tons of cargo to the orbit of the moon Elon Musk is sleeping in … Tesla billionaire Elon Musk is the richest person in the world once again, overtaking Jeff Bezos as shares of Amazon fell on Thursday. Elon Musk, CEO of Tesla, surpass the chairman of Amazon Jeff Bezos as the richest man in the world. The NASA announcement added to an extraordinary run for Musk, who is one of the world’s richest people thanks to his 22% stake in electric car maker Tesla Inc. Get this delivered to your inbox, and more info about our products and services. Elon Musk, the CEO of Tesla Motors and SpaceX, recently became the richest person in the world. Elon Musk became the world’s richest man overtaking Jeff Bezos in the first week of January 2021. Sign up for free newsletters and get more CNBC delivered to your inbox. The Tesla chief is now just less than $1 billion richer than Bezos, who falls to second-richest person in the world. World’s richest man, Elon Musk says Ethereum and Bitcoin is looking expensive Elon Musk recently disclosed that the price of the leading two cryptos seems to be in overbought territory. Musk's wealth surge over the past year marks the fastest rise to the top of the rich list in history — and is a dramatic financial turnaround for the outspoken entrepreneur who just 18 months ago was in the headlines for Tesla's rapid cash burn and his personal leverage against the company's stock. Someone to rise out of the ashes of 2020 is Elon Musk, who is now reportedly the richest person on the planet. Bloomberg Index reported that Jeff Bezos had been the richest person in the world since 2017. Amassing a total wealth of USD$194.8 billion thanks to his shares in Tesla, Musk has shot past Amazon owner Jeff Bezos by a bit over $9.5 billion to become the world’s richest person. I loved all of the National Treasure jokes & memes! 1 spot on Forbes' list of the world's richest people while Tesla CEO Elon Musk rocketed to No. Elon Musk Responds To Being The Richest Man In The World. Musk is now worth $188 billion. Bloomberg reported that Musk obtained more than $9.5 billion more than Bezos in 2020. Like Bezos, Elon Musk also retains part of his wealth in his company’s stocks. Both billionaires are over $30 billion richer than the world’s third-wealthiest person, LVMH chairman Bernard Arnault, who is worth $149.4 billion, Forbes estimates. Musk started 2020 worth about $27 billion, and was barely in the top 50 richest people. Elon Musk is now the richest man in the world, overtaking Jeff Bezos. Recently Tesla’s stock rose by almost 5% per cent, pushing Musk’s net worth up to $183.8 billion. Elon Musk takes the top spot for the richest man in the world. Elon Musk is the richest man in the world with a net worth of $182. Previously, I worked on the breaking news team at Forbes covering money and markets. The Tesla and SpaceX entrepreneur Elon Musk has become the world's richest person, as his net worth crossed $194.8bn. I am a New York-based reporter covering billionaires and their wealth for Forbes. This is how he responded to the news: Well, back to work …. In January 2021, Elon Musk became the richest person in the world. The two billionaires have spent much of the last week competing for the title of wealthiest person on the planet. While the numbers themselves are astronomical, it was even more significant because this meant that Elon Musk had now become the wealthiest human being on the planet – a title that he now held for the first time. As of this morning, Elon Musk is the richest man in the world — for the second time. This makes the self-styled celebrity the world’s richest man, surpassing Amazon’s infamous Jeff Bezos. The richest man in the world is continuously changing, but Elon Musk is among … JUST WATCHED Watch a young Elon Musk … Business Insider reports that Elon Musk is now the richest man in the world. Elon originally grew up in South Africa and suffered a childhood peppered with physical abuse … Gross. Forbes pegged Bezos' net worth at $184.6 billion and Musk at $177.2 billion. He owns over 20% of Tesla stocks. At the start of the year 2020, his net worth was just $30 billion. He is the CEO of two companies, Tesla 9 billion. Elon Musk has become the wealthiest person on the planet. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. The list had him within $3 billion of Bezos' net worth on Wednesday. How did he create such wealth? Elon Musk became the Richest Man in the World - After Tesla's share price surged by 7.9%, Elon Musk's net worth is $195 Billion. How Elon Musk Became The World’s Richest Man. Companies Recovering From COVID-Induced Distress Offer Promise, Most Explanations For Thursday's Bizarro Market Are Stocks-Negative, The Unexpected Psychological Benefits Of Short-Term Fasting. Previously, I worked on the breaking news team at Forbes covering money and markets. Got a confidential news tip? — Elon Musk … Amazon CEO Jeff Bezos held onto his No. Thursday's increase in Tesla's share price pushed Musk past Jeff Bezos, who had been the richest person since 2017 and is currently worth about $184 billion. Musk took the number one spot from Bezos last Friday and again on Tuesday, Forbes calculates. Elon Musk’s reinvestment strategy. In November, Musk raced past Bill Gates to become the second-richest person. Tesla billionaire Elon Musk is the richest person in the world once again, overtaking Jeff Bezos as shares of Amazon fell on Thursday.