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Home / News / Business News / Elon Musk surpasses Jeff Bezos to become world's richest person
  • Business

    Elon Musk surpasses Jeff Bezos to become world's richest person

    Siddhant Pandey
    Written by
    Siddhant Pandey
    Twitter
    Last updated on Jan 07, 2021, 10:20 pm
    Elon Musk surpasses Jeff Bezos to become world's richest person
  • Tesla Inc. and SpaceX CEO Elon Musk has surpassed Amazon boss Jeff Bezos to become the world's richest person, Bloomberg reported on Thursday.

    Reportedly, a 4.8% rally in Tesla's share price boosted Musk's fortune past Bezos's on the Bloomberg's Billionaires Index, a ranking of the world's 500 wealthiest people.

    Musk is a rival to Bezos—the owner of Blue Origin LLC—in the private space race.

  • In this article
    Musk's net worth stands at $188.5 billion You can view the tweet here Over past year, Musk's wealth has surged $150 billion China's bottled water king also climbs billionaires ranking
  • Details

    Musk's net worth stands at $188.5 billion

    Musk's net worth stands at $188.5 billion
  • At 8:45 pm in New Delhi, Musk's net worth stood at $188.5 billion, $1.5 billion more than Bezos.

    Notably, Musk had only just surpassed Microsoft's Bill Gates—formerly the world's richest person—in November last year to become the second-richest person in the world.

    Reacting to the news, Musk said in a tweet, "How strange." In another tweet, he wrote, "Well, back to work..."

  • Twitter Post

    You can view the tweet here

  • How strange

    — Elon Musk (@elonmusk) January 7, 2021
  • Growth

    Over past year, Musk's wealth has surged $150 billion

    Over past year, Musk's wealth has surged $150 billion
  • Over the past year, the billionaire entrepreneur's net worth has grown by more than $150 billion in what is possibly the fastest accumulations of wealth in the world's history.

    Tesla's share price has surged 743% last year due to consistent profits, inclusion in the S&P 500 Index, and enthusiasm from Wall Street and retail investors alike, Bloomberg reported.

  • Related news

    China's bottled water king also climbs billionaires ranking

    China's bottled water king also climbs billionaires ranking
  • The Bloomberg Billionaires Index has been upended by extraordinary rallies.

    China's Zhong Shanshan has now surpassed Warren Buffett to become the world's sixth-richest person after shares of his bottled-water company surged.

    Last week, Zhong had replaced Reliance Industries chairperson Mukesh Ambani to become Asia's richest person.

    The world's 500 richest added a record $1.8 trillion to their combined wealth last year.

  • Mukesh Ambani
  • Microsoft
  • SpaceX
  • Elon Musk
  • Bill Gates
  •  
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