Elon Musk Became the World’s Richest Person

Elon Musk Became the World’s Richest Person

Elon Musk is now the richest person in the world, with the wealth gained by his endlessly growing ventures for years. Musk has succeeded in becoming the richest person on the planet, surpassing his rival, Jeff Bezos, who has held this title for a long time.

Elon Musk is one of the top earning names of recent years with Tesla and SpaceX. He became the richest person in the world, surpassing Jeff Bezos, who had been at the top for a long time. Elon Musk was on the agenda not only with his business ventures, but also with his temperament. Musk had grown his fortune at an unprecedented pace in 2020.

Elon Musk had a fortune of only $27.6 billion at the start of 2020. However, within a year, his fortune has increased almost 5 times. Elon Musk‘s current wealth is currently $188.5 billion. This fortune is $1.5 billion more than the fortune of Jeff Bezos, who has been topping the list since October 2017. Jeff Bezos and Elon Musk‘s only race is not the race to be the richest person in the world. The two also compete in space racing with their own space companies, Blue Origin and SpaceX.

If Jeff Bezos had not transferred a quarter of Amazon shares to his ex-wife, he would still be on the top of the list now. However, with this loss of stock and the sudden rise of Elon Musk‘s companies, the top name changed unexpectedly.

Tesla shares doubled his fortune:

Elon Musk grew rich at this speed, probably unprecedented in history. Behind this enrichment process are Tesla shares that climbed in 2020. Tesla’s shares had gained 743 percent in value last year and Elon Musk’s fortune had grown at an incredible rate.