Elon Musk is celebrating his newfound fame as the world’s richest person.
The famous entrepreneur billionaire edged right past Amazon founder Jeff Bezos to win the title for the world’s wealthiest person, reported Bloomberg.
Media reports confirmed how the 6% rise in his Tesla shares (TSLA) on Thursday morning resulted in a massive lifting of his wealth status. And that immediately granted him a mega $10 billion increase in the CEO’s current stock holdings. Therefore, his current net worth stands at a staggering $191 billion.
On the other hand, a more modest increase of less than 2% resulted in an uplifting of Bezos’s shares for Amazon too. That value boosted up his wealth by $3 billion, giving him a grand net worth of $187 billion.
Currently, Bloomberg’s ‘real-time billionaire tracker’ still records Jeff Bezos as the richest, showing a $3 billion lead over Musk. However, that has to do with the fact relating to how the tracker doesn’t get updated until the end of the trading day. For this reason, Bloomberg issued an article where they confirmed Musk’s new wealth title.
Meanwhile, Bill Gates stands at a more distant third, where his net worth is reported to be $132 billion, as suggested by Bloomberg.
Forbes’ real-time tracker still showcases Elon Musk and Jeff Bezos at a whopping $18 billion apart, due to the close trading business that took place on Wednesday. This was right after Jeff Bezos lost a mega $4.3 billion in value of his Amazon shares.
Another massive gain in Tesla stocks on Wednesday showed how Elon Musk’s net worth went up by $4.1 billion, as suggested by Forbes. However, Forbes fails to give any due credit to Musk for the great variety of options he gained in 2020, which allowed him to purchase an additional 33.6 million Tesla shares.
In late November, Elon Musk caught up to Bill Gates, becoming the world’s second-richest person. However, the massive increase in Tesla shares by 45%, ever since then, lifted up his net worth greatly.