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Home Wealth & Lifestyle Billionaire Watch

Elon Musk now world’s richest man

Olumide Adesina by Olumide Adesina
January 7, 2021
in Billionaire Watch, Spotlight
Survey unveils Elon Musk as the most inspirational leader in tech , FG begs Elon Musk’s Tesla for ventilators over rising coronavirus cases in Nigeria, Why And How Elon Musk Lost $8bn This Week 

Elon Musk

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Elon Musk, the world’s celebrated entrepreneur behind Tesla Inc. and SpaceX, is now the world’s richest man.

A 4.8% surge in the electric carmaker’s share price at today’s trading session boosted Elon Musk’s wealth valuation past Jeff Bezos, the founder of Amazon on the Bloomberg Billionaires Index, a ranking of the world’s 500 wealthiest people.

What this means: Elon Musk is worth $194.8 billion, or $9.5 billion more than Jeff Bezos, whose Blue Origin is a rival to Musk’s Space Exploration Technologies Ltd., or SpaceX, in the private space race.

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  • Elon Musk’s wealth gain in 202o marks the fastest surge to the top of the rich list in modern history— and marks a dramatic turn around from a business riddled with debt less than two years ago as Tesla’s rapidly burnt cash to stay in operation.
  • Stock experts anticipate A Democratic-controlled U.S Senate is bullish for Tesla, on the bias that there would be more pro-renewable investments at least for the next few years.
  • Tesla has gained more than 23,900% since its 2010 initial public offering, including a 5-for-1 stock split in 2020.

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Comments 2

  1. Kayode Attah Johnson says:
    January 7, 2021 at 5:47 pm

    Oga Olumide, I am not really stunned, because Elon Musk has being a aggressive man in business. I am happy for him.

    Reply
  2. Ebenezer says:
    January 7, 2021 at 11:54 pm

    It’s good to hear how the big men are doing up there in terms of their businesses.
    In fact, I would be glad to how to venture into foreign entrepreneurship or trading. I need a good adviser.

    Reply

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