Briefly
- Elon Musk is now the richest particular person on the earth.
- As of right now, he’s price $188 billion.
- Jeff Bezos has been bumped to second place.
Tesla founder and occasional Dogecoin advocate Elon Musk is now the richest particular person on the earth, in keeping with Bloomberg.
Due to a latest improve within the worth of Tesla inventory, he’s price round $188 billion. Amazon’s Jeff Bezos, previously the richest particular person on the earth, has been bumped to second place; he’s now price about $187 billion.
Musk was solely price $27 billion at the beginning of 2020, which is to say that he remodeled one million {dollars} a minute this previous 12 months. The value of Tesla shares soared all through 2020, at the same time as the corporate appeared to burn through an enormous amount of cash. Bloomberg has known as Musk’s private wealth accumulation “maybe the quickest… in historical past.”
Tesla inventory is up practically 5% right now, and is buying and selling round $800 a share. Musk owns a 20% stake within the firm, which is now price over $700 billion.
“How unusual,” commented Musk on Twitter, after recognizing the information about his wealth. He adopted up: “Nicely, again to work.”
Musk, who heads up SpaceX, has said previously that he intends to make use of his wealth to get people into outer area; “I would like to have the ability to contribute as a lot as attainable to town on Mars,” he advised Axel Springer’s CEO final month. “Which means simply loads of capital.”
In a 2018 tweet, the Tesla don defined that he’d additionally use “about half” of his cash to “assist issues on earth.”
Musk’s tweets, each foolish and serious, have landed the CEO in hot water in the past. They’ve additionally managed to raise the price of the cryptocurrency Dogecoin, which is now buying and selling at over $.01.