Elon Musk beats Jeff Bezos to become richest person on planet

Elon Musk beats Jeff Bezos to become richest person on planet

- Elon Musk, the co-founder of Tesla, has displaced Jeff Bezos to claim the position of the world's richest man

- The Tesla co-founder gave the Amazon chief a gap of $1.5 billion (N571,800,000,000) as his company's stock price surged by a good 4.8%

- Before this new gain, Musk had a very good year in 2020 as Tesla did amazingly well in the stock market

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After several months, Elon Musk of Tesla has finally become the richest man on the planet, displacing Amazon Boss Jeff Bezos.

What made that possible was a 4.8% share price increase of Tesla Inc on Thursday, January 7, which secured Elon’s first place among the world’s 500 richest people, Bloomberg reports.

As of 10:15 am, the co-owner of the electronic car company was worth $188.5 billion (N71,856,200,000,000.02) as he made a gain of $1.5 billion (N571,800,000,000) over the Amazon chief.

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Recall that the businessman was projected to soon become the richest person in the world as he trailed Bezos after his net worth soared to $184.5billion (N70,331,400,000,000.01).

It was gathered that Tesla's stock price jumped 4.9% on Wednesday, January 6, making it possible for Musk to trail Bezos by $3 billion (N1,143,600,000).

Elon Musk beats Jeff Bezos to become richest person on planet
Elon Musk had a very good year in 2020. Photo source: Liesa Johannssen-Koppitz, Elif Ozturk
Source: Getty Images

It should be noted that Bezos has held the position since October 2017. The new richest man is also his strong competitor in the private space business.

Over several months, Musk has had his net worth grow by $150 billion. One of the things that also contributed to that was how Tesla stock price rose by 743% in 2020, a year that marked a streak of continuous profit for him.

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In similar news, Facebook founder's, Mark Zuckerberg, wealth passed a $100 billion (N37,900,000,000,000) mark for the first time on Thursday, August 6, 2020 after his company Facebook Inc hit a record profit after the release of Reels.

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Zuckerberg joined the league of centibillionaires of Jeff Bezos and Bill Gates. It should be noted that his fortune largely comes from his 13% stake in Facebook.

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Joseph Omotayo avatar

Joseph Omotayo (HOD Human-Interest) Joseph Omotayo has been writing for the human interest desk since 2019 and is currently the head of the desk. He graduated from Obafemi Awolowo University, Ile-Ife, with a degree in Literature in English in 2016. He once worked for Afridiaspora, OlisaTV & CLR. He is a 2022/2023 Kwame Karikari Fact-Checking fellow. He can be reached via: joseph.omotayo@corp.legit.ng.

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