Elon Musk is world’s richest person today with $185bn net worth

The South African-born entrepreneur and engineer is now the world’s richest person taking that spot from Amazon CEO Jeff Bezos according to Bloomberg. Elon Musk’s net worth increased to a wholesome $185 billion. Today, he is noted as one of the people with the fastest rate of wealth generation in the world.

This comes after Tesla’s share price increased on Thursday. The electric car company has seen record highs especially in its fourth quarter of 2020 and this is just another one of them as its market value shot up to $700 billion for the first time on Wednesday.

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Elon Musk’s Tesla

Tesla is the leading producer of plug-in electric vehicles with Tesla’s Model 3 becoming the world’s best-selling electric vehicle model. Tesla had delivered 500,000 units by the end of last year and recorded a 36% increase in its annual deliveries.

The electric car company’s deliveries have increased better than expected and this has seen its stock more than doubled recently. Its market value currently at $700 billion makes its worth more than that of car companies GM, Toyota, Hyundai, Volkswagen, and Ford combined.

Jeff Bezos

The Amazon CEO has held the spot of the world’s richest person after his net-worth had increased to $150 billion in 2018. He is recorded as the first person whose worth has gone over $200 billion.

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Jeff Bezos was world’s richest person since 2017 until yesterday when he was surpassed by Elon Musk. Courtesy/qz.com

Amazon did exceptionally well last year despite the pandemic as demand surged for the online store and its cloud computing services.

This leaves you wondering how he then fails to keep his spot as the world’s richest person. According to bbc.com, Bezos gave a 4% stake of his company to ex-wife Mackenzie Scott in a divorce settlement which works to Musks’ advantage. There is also the threat of regulation which hasn’t enabled Amazon’s stock to grow as it should have.

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In typical Elon Musk style, this is how the Space X CEO responded to a tweet that shared the news yesterday. From his response, it’s just another day in the billionaire’s life.

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Elon Musk is also highly recognized for his efforts in space exploration where he says the goal of Space X is to reduce the cost of human space flight. He views exploration as an important step in preserving and expanding the consciousness of human life.

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