Elon Musk, CEO of Tesla, will be on the construction site of the Tesla Gigafactory in Grünheide near Berlin on September 3, 2020.
Patrick Pleul | Image Alliance | Getty Images
Elon Musk became the richest person in the world with a net worth of more than $ 185 billion.
Thursday’s Tesla share price surge pushed Musk past Jeff Bezos, who has been the richest person since 2017 and is currently valued at around $ 184 billion. Musk’s prosperity surge last year marked the fastest rise to the top of the rich list in history – and marks a dramatic financial turnaround for the famous entrepreneur who made headlines for Tesla’s quick money-burner and personal leverage 18 months ago .
Musk launched around $ 27 billion in 2020 and was barely among the 50 richest people.
Tesla’s soaring share price, which has increased more than tenfold in the past year, and his generous compensation package have added more than $ 150 billion to his net worth.
Meanwhile, Amazon’s share price remained more subdued due to the potential for increased regulation by Washington.
Elon Musk overtook Warren Buffett in July to become the seventh richest person. In November, Musk raced past Bill Gates and became the second richest person. Musk has gained more wealth in the past 12 months than Bill Gates’ total net worth of $ 132 billion.
Tesla’s shares were recently trading at around $ 790, up more than 4% on Thursday. The company’s market value has risen to $ 737.6 billion.
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