SpaceX and Tesla founder Elon Musk surpasses Amaon's Jeff Bezos to become world's richest person

On Thursday, Tesla’s shares closed at $816.04, up nearly 8 percent. The market value of the company has grown to more than $760 billion.

FP Trending January 08, 2021 12:15:08 IST
SpaceX and Tesla founder Elon Musk surpasses Amaon's Jeff Bezos to become world's richest person

Elon Musk

Elon Musk, SpaceX and Tesla founder, has surpassed Amazon.com Inc founder Jeff Bezos to become the richest person on the planet. A 4.8 percent surge in Tesla's share price on Thursday made Musk lead the Bloomberg Billionaires Index, a ranking of the world's 500 wealthiest people.

Sharing the news on Twitter, Tesla Owners of Silicon Valley wrote, "Elon Musk is now the richest person in the world at $190 billion."

The 49-year-old tycoon responded to the tweet saying, "How Strange." He then followed it up by saying, "Well, back to work ..."

According to a report by Bloomberg, Musk is worth $194.8 billion, $9.5 billion more than Bezos. Over the last year, the South African-born engineer summed up more than $165 billion to his fortune which is probably the fastest example of wealth creation in history.

As per a report by Gadgets Now, Jeff Bezos has held the top spot of the world's richest person since 2017. At $1.6 trillion, market capitalisation of Amazon is way higher than Tesla's approximately $760 billion. However, the share price of Amazon has been more or less stagnant in the recent months and so is Bezos' net worth.

As per a report by CNBC, Musk began the year 2020 with worth about $27 billion and was barely in the top 50 richest people of the world. The surge in Tesla's share price (an increase of more than nine-fold over the past year) coupled with his pay package has added more than $150 billion to his networth.

On Thursday, Tesla’s shares closed at $816.04, up nearly 8 percent. The market value of the company has grown to more than $760 billion.

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