Elon Musk just became the richest person in the world, with a net worth of more than $185 billion, according to CNBC calculations.<\/p>\n
Thursday's increase in Tesla's share price pushed Musk past Jeff Bezos, who had been the richest person since 2017 and is currently worth about $184 billion. Musk's wealth surge over the past year marks the fastest rise to the top of the rich list in history and is a dramatic financial turnaround for the outspoken entrepreneur who just 18 months ago was in the headlines for Tesla's rapid cash burn and his personal leverage against the company's stock.<\/p>\n
Musk started 2020 worth about $27 billion, and was barely in the top 50 richest people.<\/p>\n
Tesla's rocketing share price which has increased more than ninefold over the past year and his generous pay package have added more than $150 billion to his net worth.<\/p>\n
Amazon's share price has remained more subdued due to the potential for increased regulation from Washington.<\/p>\n
Musk passed Warren Buffett in July to become the seventh-richest person. In November, Musk raced past Bill Gates to become the second-richest person. Musk has gained more wealth over the past 12 months than Gates' entire net worth of $132 billion.<\/p>\n
Tesla's shares closed Thursday at $816.04, up nearly 8%. The company's market value has grown to more than $760 billion.<\/p>\n
Musk was also No. 1 on Bloomberg Billionaires Index. The list had him within $3 billion of Bezos' net worth on Wednesday. The Forbes Real Time Billionaires List had Musk about $7 billion behind Bezos after the market close Thursday. Forbes pegged Bezos' net worth at $184.6 billion and Musk at $177.2 billion. Forbes, however, may not be including the value of Musk's options, which he received as part of his pay package, to buy more than 33 million shares of Tesla.<\/p>\n
<\/p>\n
Read more from the original source: <\/p>\n
Elon Musk is now the richest person in the world, passing ...<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Elon Musk just became the richest person in the world, with a net worth of more than $185 billion, according to CNBC calculations. Continue reading