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Elon Musk becomes World’s Richest person after overtaking Jeff Bezos

According to Bloomberg, Elon Musk edged past Amazon founder Jeff Bezos to grab the title of world’s richest person.

A 6% rise in Tesla (TSLA) shares early Thursday lifted the value of its CEO’s stock holdings and options by $10 billion, taking his net worth to about $191 billion. A more modest rise of less than 2% lifted Bezos’ Amazon (AMZN) shares by about $3 billion, putting his net worth at $187 billion.

Bloomberg’s real-time billionaire tracker still has Bezos about $3 billion ahead of Musk. But the tracker doesn’t update until the end of the trading day. Bloomberg posted an article confirming Musk’s title.

Bill Gates is now a distant third at $132 billion, according to Bloomberg.

The Forbes real-time tracker still has Musk and Bezos $18 billion apart as of the close of trading Wednesday, after Bezos lost $4.3 billion in the value of his Amazon (AMZN) stock. Although the broader market was up sharply Wednesday, Big Tech stocks, including Amazon, fell on concerns that Democratic control of the Senate could mean greater scrutiny and regulation on the industry.

Another gain in Tesla (TSLA) shares Wednesday lifted Musk’s net worth by $4.1 billion to $165.4 billion, according to Forbes’ calculations. But Forbes does not appear to be giving Musk credit for the value of options he received in 2020 to buy an additional 33.6 million shares of Tesla.

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Source
CNN

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