Elon Musk dethrones Jeff Bezos again, becomes world s richest person after SpaceX round
Tesla CEO Elon Musk s wealth shot up to $199.9 billion after his rocket company, SpaceX concluded another funding round
BusinessToday.In | February 19, 2021 | Updated 10:59 IST
Tesla CEO Elon Musk surpassed Amazon s Jeff Bezos, who briefly dethroned him as the world s richest person after Tesla shares fell, dragging Musk s net worth
Tesla CEO Elon Musk is back on top again reclaiming the title of the world s richest person. The eccentric billionaire s wealth shot up to $199.9 billion after SpaceX concluded another funding round.
This vaulted him atop the Bloomberg Billionaires Index for the second time this year. Musk surpassed Amazon s Jeff Bezos, who briefly dethroned him as the world s richest person after Tesla shares fell, dragging Musk s net worth. Bezos s net wealth is valued at $194.2 billion.
Elon Musk is not only the world’s richest person, he lays claim to the biggest net worth ever recorded: $209.3 billion as of Friday. What he does with it will be closely watched. Judging by Twitter, the Tesla Inc. co-founder’s preferred medium of communication, philanthropy is on his mind. One of his first reactions on becoming the wealthiest human after an initial shrug was to solicit advice on how to give it away. Musk, 49, is a philanthropy neophyte compared with those he just leapfrogged on the Bloomberg Billionaires Index of the world’s 500 wealthiest people. Longtime No. 1 Bill Gates and his friend Warren Buffett, co-founders of the Giving Pledge initiative that urges the ultra-wealthy to donate at least half their fortunes, have each given away tens of billions in cash and stock. Even Jeff Bezos, who has been criticized for being slow to establish himself as a philanthropist, has stepped up his game. He pledged to give $10 billion to issues related to climate c
Tesla CEO Elon Musk (File photo)
NEW DELHI: Elon Musk, the outspoken entrepreneur behind Tesla Inc and SpaceX, is now the richest person on the planet.
A 4.8% rally in the electric carmaker’s share price on Thursday boosted Musk past Amazon.com Inc founder Jeff Bezos on the Bloomberg Billionaires Index, a ranking of the world’s 500 wealthiest people.
The South Africa-born engineer’s net worth was $188.5 billion at 10:15 am in New York, $1.5 billion more than Bezos, who has held the top spot since October 2017. As chief executive officer of Space Exploration Technologies Corp, or SpaceX, Musk is also a rival to Bezos, owner of Blue Origin LLC, in the private space race.
Elon Musk is about to be richest person in the world ahead of Jeff Bezos, here is how his wealth gre
Elon Musk is about to be richest person in the world ahead of Jeff Bezos, here is how his wealth grew
Elon Musk valuation is now only $3 billion shy of the current richest man on the planet, Jeff Bezos.
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HIGHLIGHTS
Elon Musk is currently valued at over $181 billion.
The richest man right now is Jeff Bezos.
The man behind Tesla and SpaceX, Elon Musk, enjoys a strong fan following for his innovative ideas and outspoken personality something that s mostly evident on Twitter. And now, the entrepreneur is en-route to winning more fans as he is currently working towards becoming the richest man in the world.