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Elon Musk has become the richest person in the world thanks to the sustained surge in Tesla stock price, outperforming Amazon CEO Jeff Bezos, according to Bloomberg’s Billionaires Index, Musk is valued at around $ 188 billion

Musk, which dwarfs Bezos’ extravagant personal fortune of roughly $ 187 billion, marks the latest development in a year-long rivalry between the two tech tycoons – one that is often focused on the accomplishments of their respective companies >

Bezos was reportedly so jealous of Musk’s success in securing a $ 3 billion incentive package for Tesla’s Nevada Gigafactory, which served as the basis for the search for the second beauty pageant-style headquarters on Bezos, a space company in Blue Origin, much like Musk does with SpaceX, the two men traded barbs for their rockets and even fought over sacred NASA properties (SpaceX won that fight and is the only one of the two companies to successfully enter orbit)

Musk just walked past Bill Gates to become the world’s second richest person back in November, when Tesla CEO saw his personal net worth more than $ 150 billion in 2020, which is in large part This is because Musk owns a lot of Tesla stock – actually about 20 percent of the company. And Tesla’s inventory has become incredibly valuable last year when Musk took the company out of so-called “production hell” and started selling its electric vehicles thanks to the cheaper ones Model 3 Sedan and Model Y Dramatically Boosted SUVs that coincided with an incredible surge in private investors more willing to fully immerse themselves in Tesla’s story than many on Wall Street
The billionaire CEO’s shareholding continues to grow, especially after signing an extensive 10-year compensation package with the company in 2018, which has further tied its profits to Tesla’s share price and revenue targets every time a new milestone is achieved, he receives a number of company stock options The first tranche, which he received earlier this year, was valued at around $ 800 million

Like most billionaires, Musk only saw his total net worth spike during the coronavirus pandemic.But unlike that peer group, Musk claimed in court that he was “low on cash” and “financially illiquid” in 2019 and said last year he would Selling “almost all of his physical possessions”, including his mansions.He borrows the stocks that make him so wealthy and plows the money back into his businesses, such as when he put around $ 100 million in The Boring Company in 2018 long tradition of using his own wealth to fund new ventures as he financed Tesla and SpaceX after becoming a millionaire with Zip2 and PayPal

Musk may be the richest man in the world by the standards of money-oriented companies like Bloomberg and Forbes, although they tend to focus on calculating recognizable assets, but authoritarian leaders like Vladimir Putin and Mohammed bin Salman are both difficult to calculate on a personal level Wise extremely personally rich and also have undeniable access to the vast wealth of their nations

Elon Musk, Elon Musk’s fortune

World news – USA – Elon Musk overtakes Jeff Bezos to become the richest person in the world

Source: https://www.theverge.com/2021/1/7/22163361/elon-musk-billionaire-richest-world-jeff-bezos-tesla-stock-spacex