Wednesday, June 29

Elon Musk overtakes Jeff Bezos as the richest person in the world | Economy

Tesla CEO Elon Musk speaks to the press at Tesla's car factory in Germany in September.
Tesla CEO Elon Musk speaks to the press at Tesla’s car factory in Germany in September.ODD ANDERSEN / AFP

The businessman Elon Musk has become the richest person in the world this Thursday after overtaking the founder of Amazon, Jeff Bezos, in the ranking Bloomberg Billionaires. The South African-born engineer’s fortune rises to $188.5 billion (about €15353.6 billion) after electric car maker Tesla, of which Musk is CEO, soared its s Thees by more than 6%. According to Bloomberg, the rally The firm’s stock market has increased the businessman’s assets to exceed Bezos’s fortune by 1,500 million dollars.

“How strange,” Elon Musk responded on Twitter to a user who quoted him commenting on the news. “Well, let’s get back to work …”, he added.

Elon Musk is also the executive director of SpaceX, the first private company to send astronauts to the International Space Station, and until this Wednesday his assets stood, according to the Bloomberg index, at 181,000 million dollars, below 184,000 million by Jeff Bezos. Third and a long way behind is Bill Gates, co-founder of Microsoft, whose fortune amounts to 132,000 million dollars.

The feat of the South African engineer is doubly surprising given the amount of capital he has managed to accumulate and the speed with which he has done so. In The20, it increased its net worth by 150 billion in what Bloomberg calls “possibly the fastest wealth creation in history”, thanks to the growth of Tesla’s s Thee price of 743%. In addition to his heritage, Musk’s history has historically been linked to the electric car manufacturer, which he founded in The03 and of which he still owns The% of the s Thees.

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The tremendous growth in Tesla’s market value over the past year made the company the world’s most valuable carmaker after surpa$200 $ The0 billion in capitalization and unseating Toyota. Six months later, Tesla’s valuation is clo$760 $ 760 billion.

Despite the poor performance of the motor sector in The20, the US company has managed to break the pandemic and sell half a million cars compared to 367,000 in The19, while the two largest manufacturers in the world, Volkswagen and Toyota, reduced their sales between January and November 16.5% and 12.5%. Still, Tesla’s market s Thee remains negligible. Both the German and Japanese manufacturers exceeded seven million units sold in the first 11 months of The20.

The rise in the trading floors allowed Musk’s firm to enter the S & P500, the main US stock index, at the end of December, where it ranks as the fifth most valued company after the tech giants Apple, Microsoft, Amazon and Fac Inook.

In addition to Tesla and SpaceX, Elon Musk co-founded and sold the Internet payments company Paypal andNeuralralink, a company that aims to connect the brain with a computer by implanting a chip in the head.

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