Latest News

6/recent/ticker-posts

Ad Code

Elon Musk surpasses Jeff Bezos to become the richest person in the world

Elon Musk surpasses Jeff Bezos to become the richest person in the world

Entrepreneur Elon Musk has surpassed Jeff Bezos to become the richest person in the world.

The Tesla CEO and SpaceX founder's net worth was recorded at $ 188.5 billion (£ 138.9 billion) in New York on Thursday.

That was about $ 1.5 billion more than Amazon Inc. founder Mr. Bezos, who has held the top spot since October 2017.

Musk's rise in wealth came as a result of a rebound in Tesla's stock price.

The company has seen its value skyrocket over the past 12 months and is the most valuable automaker in the world.

Musk, 49, responded to the news with a low-key message on Twitter. "How strange," he wrote. "Well, back to work ..."

Forbes' billionaires list, however, said the South African-born business mogul still lags behind the 56-year-old Bezos at about $ 7.8 billion.

Forbes has a more conservative estimate based on the stake Tesla has promised as collateral for personal loans.

To take that into account, it applies a 25 percent discount to its equity stake, according to its November report.

Musk, who co-founded and sold the online payments company PayPal Holdings Inc, now leads some of the most futuristic companies in the world.

In addition to Tesla, he runs the rocket company SpaceX and Neuralink, a startup that is developing ultra-high-bandwidth brain-machine interfaces to connect the human brain to computers.

He created the Boring Company to make affordable tunnels under busy city streets for an all-electric public transportation system to avoid nasty traffic jams in American cities.

Post a Comment

0 Comments