Elon Musk Becomes World’s Richest Person Surpassing Amazon’s Jeff Bezos

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Elon Musk, the chief executive of Tesla and SpaceX, has overtaken Jeff Bezos to become the richest person on the planet. Musk reached the status that only three others carry in the past two decades. An increase in Tesla’s share price on Thursday pushed Elon past, Jeff.

Entrepreneur Elon Musk’s net worth was $188.5bn recorded in New York on Thursday. Tesla has seen its value take off over the past 12 months, it is the most valuable carmaker in the world.

In this way, Musk has exceeded a group of billionaires including American Investor Warren Buffet and Microsoft co-founder Bill Gates. He reached too high on Thursday because of Tesla’s share price which lifts to the sky nearly 840% since March 2020.

In this process, Elon Musk displaces the founder and CEO of Amazon Jeff Bezos who carry the title of world’s richest person from 2017.

In the true Elon Musk way, he appreciate the milestone in a tweet on Thursday, “How Strange” and “Well, back to work…”.

The Milestone covers a remarkable 12 months for Elon Musk. One year ago his net worth rise by more than $160 billion in perhaps the fastest time of wealth creation in history. The world’s richest person crown is not what makes Elon Musk’s position but it’s his speed at which he reached it.

Despite Elon Musk’s astronomical interest, He has little interest in material things and has few assets exterior his post in Tesla and SpaceX. The South Africa-born Musk launched PayPal in 2000 which is a famous online payment system in the majority of countries, later in 2002 bought by eBay for $1.5 billion. In 2002 Elon Musk founded SpaceX which is an aerospace manufacturer and space transport service company.

SpaceX’s goal is to lower the cost of human spaceflight. He said he has hopes to send humans to Mar’s surface within the next 10-20 years. He also stated that he has willing to create a Mars colony with a population of 80,000 humans by 2040.

Tesla shares were an upward trend in the last year 2020. Tesla becomes the most beneficial automaker in the world’s market value, proceed with the evaluations of Ford, Toyota, GM, and Volkswagen group. Tesla’s market cover is now more than $700 billion.

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