Sunday, April 18, 2021

Tesla’s crypto-friendly CEO is now the richest man in the world


Elon Musk, CEO of SpaceX and Tesla, has surpassed the web price of Amazon founder Jeff Bezos.

“Elon Musk has turn out to be the world’s richest particular person, as his internet price crossed $185bn (£136bn),” the BBC reported on Thursday.

The futuristic businessman gained staggering wealth final 12 months. “Musk began 2020 price about $27 billion, and was barely within the prime 50 richest individuals,” CNBC noted on Thursday, including:

“Tesla’s rocketing share worth — which has elevated greater than ninefold over the previous 12 months — alongside along with his beneficiant pay bundle have added greater than $150 billion to his internet price.”

After the COVID-19 crash in March, Tesla discovered its inventory priced close to $70, based mostly on information. By 2021, TSLA inventory shares discovered their method up previous $800 apiece, which additionally takes under consideration an Aug. 2020 share cut up.

Musk can also be no stranger to the crypto business, though he has not come ahead as a serious proponent of the asset class. “Bitcoin is nearly as bs as fiat cash,” the Tesla CEO said in a December 2020 Twitter submit.

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Musk owns simply 0.25 Bitcoin (BTC), as of his most recently publicized comment on his holdings, famous in Might 2020. He has additionally commented on Dogecoin (DOGE) at various points in the past, in a probable comedic vogue.

Michael Saylor, MicroStrategy’s Bitcoin bull, lately offered to help the tech visionary in selecting up some BTC for Tesla.