Tesla CEO Elon Musk overtook Amazon founder Jeffrey Bezos on Thursday to become the world’s richest man. According to the Bloomberg Billionaires Index (Bloomberg Billionaires Index), the rise in Tesla’s stock price has made his written wealth worth more than $188 billion.
Bloomberg quoted Bloomberg data showing that Tesla’s stock price rose by more than 7% on Thursday, making Musk’s net worth $1.5 billion higher than Bezos’ wealth. The electric car manufacturer’s share price has performed well in the past year, rising by nearly 800% from approximately US$92 a year ago to over US$81
Musk responded to an account on Twitter, pointing out that he is now the richest person in the world. Musk replied: “It’s strange.” He later added: “Well, go back to work…”
Tesla’s stock was added to the S&P 500 index last month. The company’s market value is $768 billion, which is higher than Ford, GM, Volkswagen and Toyota combined.
The reason why Musk rose to the top of the rich list was that during the pandemic, the wealth of the country’s billionaires surged by more than $1 trillion, partly because investors’ expectations of economic recovery in 2021 have driven a strong stock market. As consumers change their consumption patterns and change their behavior to adapt to Amazon’s changes, Amazon’s sales and profits have skyrocketed..
To be sure, given the variability of high-profile stocks such as Amazon and Tesla, the ranking changes may not last.Without him, Bezos would likely become the richest man in the world, Which gave his ex-wife MacKenzie Scott about 25% of Amazon shares.
At the same time, according to the Bloomberg Billionaires Index, Scott is the 23rd richest person in the world with a net worth of more than $56 billion.Last month, Scott said she donatedHer property was donated to charities including anti-hunger organizations and educational institutions.
Amazon’s stock has not relaxed at all. Since January last year, its stock price has risen by more than 66%.