Tesla’s CEO Elon Musk’s net worth has soared after the electric car making company has experienced a 4.6% surge in stock shares. Last year, in 2020, the billionaire climbed the financial ladder and became the world’s second-richest person. The 49-years-old entrepreneur is now on track to become the world’s richest person. The boost in Elon Musk’s net worth now trails Amazon’s CEO, Jeff Bezos, as he is only $3 Billion behind the founder of e-commerce giant.
Elon Musk’s net worth has boomed after Tesla joined the S&P 500, and the company became the most valuable business. Elon has marked history by possibly the fastest bout of wealth creation. The unprecedented rally in Tesla’s stock price has proven to be fortunate for the South-African born engineer. The company is also witnessing enthusiasm from Wall Street and retail investors. Ironically, Tesla has only produced a half-million cars last year. Whereas it is only a fraction of Ford Motor Co. and General Motors Co. However, the company has still beaten up its competitors in the car-making sector. Elon Musk holds a 20% stake in the company and $40 billion of unrealized paper gains on vested stock options. If the same pattern continues in the next few months, it’s for sure that Elon Musk will occupy the top spot of the world’s richest person. Elon Musk’s net worth is now $184.5 Billion.
Elon Musk trails Jeff Bezos by $3B to become the world’s richest person. Currently, Tesla’s CEO’s net worth is $184.5 Billion, while Amazon’s CEO Jeff Bezos is in the top spot with a worth of $187 Billion. Jeff has held the title of World’s Richest Person since 2017 and has a net worth of $187 Billion. The pandemic has proved to be lucrative for Musk, as he has managed to increase his net worth by $146 Billion. The financial quarters of 2020 have been profitable for electric car making company Tesla.
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