Elon Musk, the outspoken entrepreneur behind Tesla Inc. and SpaceX, is now the richest person on the planet. A 4.8% rally in the electric carmaker’s share price Thursday boosted Musk past Amazon.com Inc. founder Jeff Bezos on the Bloomberg Billionaires Index, a ranking of the world’s 500 wealthiest people. The South Africa-born engineer’s net worth was $188.5 billion at 10:15 a.m. in New York, $1.5 billion more than Bezos, who has held the top spot since October 2017. As chief executive officer of Space Exploration
Technologies Corp., or SpaceX, Musk is also a rival to Bezos, owner of Blue Origin LLC, in the private space race.
The milestone caps an extraordinary 12 months for Musk. Over the past year his net worth soared by more than $150 billion in possibly the fastest bout of wealth creation in history. Fueling his rise was
an unprecedented rally in Tesla’s share price, which surged 743% last year on the back of consistent profits, inclusion in the S&P 500 Index and enthusiasm from Wall Street and retail investors alike.Bezos would still hold a wide lead over Musk had it not been for his divorce, which saw him cede about a quarter of his Amazon stake to his ex-wife, MacKenzie Scott, and his philanthropy. He donated shares worth about $680 million in November.
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Where is Elon Musk from ?
Then why did they said dangote is the riches in Africa
Gold Bassey Because Elon Musk is based in America. His parent is from South Africa but built his business in America
Okay, thanks for the enlightenment
This is amazing. He has built momentum. I told some friends that he will soon become the richest person in the world. His electric car Tesla model is really trending. There is no way such momentum could not catapult him to the top.
Congratulations My man.
This guy doesn't pay tithes or put offerings. No help to Charity etc. When you sell your soul to the devil this is what you get in return
Welll wow 😲 I hope I will over take him too 😤
And his comment was “really? Lets get back to work”
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