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Tesla Motors CEO Elon Musk takes the stage to speak at the National Governors Association Summer Meeting in Providence, Rhode Island, U.S., July 15, 2017. REUTERS/Brian Snyder

Elon Musk Is Now The World’s Richest Man After Surpassing Jeff Bezos

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Tesla and Space X CEO, Elon Musk, is now the world’s richest man! The tech entrepreneur saw his personal valuation go above $185 billion taking him above Amazon CEO, Jeff Bezos.

 

A 4.8% surge in Tesla’s share price at today’s trading session boosted Elon Musk’s wealth valuation past Jeff Bezos, on the Bloomberg Billionaires Index, a ranking of the world’s 500 wealthiest people.

 

The feat sees Elon Musk continue from where he stopped in 2020 after a remarkable rise in both his and Tesla’s value. This is also the fastest rise to the top of the rich list in modern history. An amazing turn around from what was a business beclouded by debt just less than two years ago.

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At the beginning of 2020, he wasn’t even among the top 50 richest people in the world. And that later Elon Musk is now the bonafide world’s richest man is simply amazing!

 

Musk has often spoken about the dire days and even revealed that he had plans to sell the company in 2017. He also mentioned offering the company to Apple who did not even honour the meeting. Musk had marched on and now he’s seeing the dividends of his persistence.

 

Jeff Bezos who was the world’s richest man since 2017 is now second on the billionaires’ index at $184 Billion. His net worth has been subdued due to the potential for increased regulation from Washington despite an equally remarkable 2020.

 

Tesla’s shares are currently trading at $802 per share price on the stock exchange.

 

 

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