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Why Elon Musk Is World's Richest Person ?

Yesterday, Elon Musk has surpassed Amazon founder Jeff Bezos to become the richest man in the world. If you have one question in your mind, Why Elon Musk is world's richest person ? We are put here some interesting information about Elon Musk and explain your questions to answer why Elon Musk is world's richest person ? 

Elon Musk, CEO of Tesla, an electric carmaker, has become the richest person in the world. He has left behind Amazon founder Jeff Bezos in the list of billionaires to be released by Bloomberg.

Elon Musk - The richest man in the world.

Why Elon Musk Is World's Richest Person ?


Elon Musk's net worth exceeded US $ 188 billion, which is a billion dollars more than Amazon founder Jeff Bezos' US $ 187 billion. This happened due to continuous increase in the share price of Tesla. Bezos was in the chair of the world's richest person since October 2017.

Born in South Africa and an engineer by profession, the 49-year-old Musk is also the CEO of SpaceX. He has a rivalry with Bezos' company Blue Origin LLC in the private space race. Despite the economic slowdown due to coronavirus, Musk's net worth has grown by $ 150 billion in the last 12 months. 

This is because Tesla's shares, the world's most valuable auto company, have gained unprecedented momentum. The company's shares rose 743 percent last year due to consistent profits and inclusion in the prestigious S&P 500 Index.

The 2020 may have been the same for the world, but for Elon Musk, the last 12 months have been excellent. Musk, starting in 2020 with a value of around US $ 27 billion, saw his wealth increase by $ 150 billion, a sign of rapid financial change for him. This is probably the fastest speed of wealth creation in history. Tesla has a huge contribution in this.

The net worth of Musk, founder of SpaceX and Tesla, reached $ 184.5 billion on 6 January. According to the Bloomberg Billionaires Index, Musk's net worth was just $ 3 billion less than Bezos. Bezos held the position of the world's richest person since October 2017 and had a net worth of $ 187 billion. But on Thursday, the rise in Tesla's shares snatched his reign. 

Tesla made and delivered 5 lakh cars last year. The figure is nothing compared to Ford Motor Company and General Motors Company. The Democrats' victory in Georgia has further boosted Tesla's expectations as the party favors promoting electric weeklies in the country.

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