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Tesla CEO Elon Musk succeeds Jeff Bezos to become the richest man in the world

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Tesla’s CEO, Elon Musk, with a personal fortune of more than $185 billion, is currently the wealthiest person.

On Thursday, January 7, a rise in the share price of his company moved Musk past Jeff Bezos, who has been the richest individual since 2017 and is currently worth around $184 billion.

Musk tweeted in response to the news: “How strange. All right, back to work…”

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The 49-year-old auto company has risen in value this year and for the first time on Wednesday achieved a market value of $700bn (£516bn).

Just passed by Bill Gates in November, the South African-born became the second-richest person in the world. Over the past 12 months, Musk has earned more capital than the entire $132 billion net worth of Bill Gates.

According to Bloomberg, Bill Gates is now a distant third at $132 billion.

Tesla’s shares have recently been trading at about $790, up more than 4% on Thursday. The market cap of the business has risen to $737.6 billion.

In 2020, Elon Musk saw his personal fortune skyrocket to the tune of over $150 billion, mainly because he owns a lot of Tesla stock, about 20% of the company.

READ ALSO :  Amazon's Jeff Bezos could return humans to Moon in 2024 after tech test breakthrough

About Kirigaya Kazuto

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Kazuto Kirigaya, born as Kazuto Narusaka, is a fictional character and the protagonist of the Sword Art Online series of light novels written by Reki Kawahara.

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