- Elon Musk, the South African-born co-founder of Tesla, has displaced Jeff Bezos to claim the position of the world's richest man
- The Tesla co-founder gave the Amazon chief a gap of $1.5 billion as his company's stock price surged by a good 4.8%
- Before this new gain, Musk had a very good year in 2020 as Tesla did amazingly well in the stock market
After several months, Elon Musk of Tesla has finally become the richest man on the planet, displacing Amazon Boss Jeff Bezos.
What made that possible was a 4.8% share price increase of Tesla Inc on Thursday, January 7, which secured Elon’s first place among the world’s 500 richest people, Bloomberg reports.
As of 10:15am, the co-owner of the electronic car company was worth $188.5 billion as he made a gain of $1.5 billion over the Amazon chief.
Recall that the businessman was projected to soon become the richest person in the world as he trailed Bezos after his nett worth soared to $184.5 billion.
It was gathered that Tesla's stock price jumped 4.9% on Wednesday, January 6, making it possible for Musk to trail Bezos by $3 billion.
It should be noted that Jeff Bezos had held the one-of-a-kind position since October 2017. The new richest man is also his strong competitor in the private space business.
Over several months, Musk has had his massive nett worth grow by $150 billion. One of the things that also contributed to that was how Tesla stock price rose by 743% in 2020, a year full of upheaval that marked a streak of continuous profit for him.
In similar news, Facebook founder Mark Zuckerberg's wealth passed the $100 billion mark for the first time on Thursday, August 6 after his company Facebook Inc hit a record profit after the release of Reels.
Zuckerberg joined the league of centibillionaires of Jeff Bezos and Bill Gates. It should be noted that his fortune largely comes from his 13% stake in Facebook, which has experienced massive growth far beyond what was expected when the social media app was first launched.
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Source: Briefly News