Elon Musk is just $14 billion away from becoming the richest man on Earth, and potentially the richest man in human history.<\/p>\n
The SpaceX and Tesla founder today is worth more than $227 billion, just shy of the world's richest man and Amazon founder Jeff Bezos at $241 billion.<\/p>\n
The Bloomberg Billionaires Index, which ranks the net worth of the world's richest people on a daily basis, largely values a billionaire based off the value of the assets they own.<\/p>\n
Because their primary assets are largely publicly-listed companies, that means the peaks and troughs of Musk's net worth is inextricably tied with the stock price of Tesla.<\/p>\n
During the worst of the COVID pandemic, there has been few better stock options than Tesla.<\/p>\n
In mid-May 2020, when much of the US was straining under a deluge of new cases, Tesla was worth about $USD 72.<\/p>\n
Fast forward to January 2021, and that same stock is worth an astonishing $USD 729 a percentage gain of 912.5 per cent.<\/p>\n
That means for every $USD 1 of Tesla you bought in May, you would have made around $USD 600 profit (not including capital gains tax).<\/p>\n
The boom comes after Tesla hit its goal of building a half-million cars in 2020.<\/p>\n
Elon Musk now tied with Bill Gates as second-richest person in the world: Top 10 revealed<\/p>\n
Tesla's stock rise over the last 18 months has made it the most valuable automaker in the world. <\/p>\n
Its current market cap is worth roughly the combined value of the next eight most valuable global automakers - Toyota, Volkswagen, Daimler, GM, BMW, Honda, Hyundai and Ford.<\/p>\n
Volkswagen, the world's largest automaker, sold just under 11 million cars worldwide in 2019.<\/p>\n
General Motors, the largest US automaker, had global sales of 7.7 million cars in 2019.<\/p>\n
Additional reporting by CNN.<\/p>\n
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Elon Musk is just $14 billion away from becoming the richest man in the world - 9News<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Elon Musk is just $14 billion away from becoming the richest man on Earth, and potentially the richest man in human history. The SpaceX and Tesla founder today is worth more than $227 billion, just shy of the world's richest man and Amazon founder Jeff Bezos at $241 billion. The Bloomberg Billionaires Index, which ranks the net worth of the world's richest people on a daily basis, largely values a billionaire based off the value of the assets they own Continue reading