Elon Musk surpasses Amazon’s Jeff Bezos to become world’s wealthiest man

Tesla CEO Elon Musk is now the wealthiest man in the world. On Thursday, January 7, 2021 Musk surpassed Amazon CEO Jeff Bezos to became the richest person in the world.

Bezos owned the crown of the world’s richest man since 2017. As per reports, the net worth of Elon Musk is now more than USD 185 billion. Just around a year ago, at the start of 2020, Musk has a new worth of about USD 27 billion, which barely made him in the top 50 richest people in the world.

What is Elon Musk’s net worth?

As per a report coming from CNBC, the surge in Elon Musk’s over the last one year marks the “fastest rise to the top of the rich list in history”. The recent increase in Tesla’s share price pushed Musk past Jeff Bezos, who has a net worth of about USD 184 billion.

According to Bloomberg, Musk has a 20 percent stake in the carmaker and nearly around $42 billion of “unrealized paper gains on vested stock options”. In addition to Tesla, Musk heads the popular rocket company SpaceX and also Neuralink, his startup venture.

Reports have also revealed that Tesla’s shares were recently trading at about USD 790, which went up more than 4 per cent in trading on Thursday. This grew Tesla’s market value to USD 737.6 billion.

In 2020, Tesla delivered 499,550 vehicles, which was slightly behind the 5lakh target. The company achieved such an impressive sale numbers despite closing its new factory in China and also the vehicle plant in Fremont, California for several weeks due to the COVID-19 pandemic.

“So proud of the Tesla team for achieving this major milestone! At the start of Tesla, I thought we had (optimistically) a 10% chance of surviving at all,” Musk tweeted.

Musk previously highlighted that he wants to increase Tesla’s vehicle sales volume from about 5,00,000 in 2020 to 20 million annually over the next decade. Last month, Musk sent an email to Tesla employees, in which he asked them to ‘go all out’ to meet the 5 lakh vehicle delivery target.

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