Elon Musk Smash Records as he becomes World’s Richest.
"Musk started around $27 billion in 2020 and barely ranked among the top 50 richest people. "
Elon Musk became the worlds richest person in the with net worth of more than $185 billion.
The surge in the share price of Tesla propelled Musk past Jeff Bezos on Thursday, who has been the wealthiest individual since 2017 and is currently worth about $184 billion. The wealth explosion of Musk over the past year marks the fastest rise to the top of the rich list in history, and is a remarkable financial turnaround for the popular businessman who was in the headlines just 18 months ago for Tesla's rapid cash burn and his personal leverage against the stock of the company.
Musk started around $27 billion in 2020 and barely ranked among the top 50 richest people.
Tesla's share price skyrocketed with more than nine times over the past year. Similarly, its generous pay package, has added more than $150 billion to its net worth. Tesla's shares closed on Thursday at $816.04, up almost 8 percent. The company's market value has increased to more than $760 billion.
In July, Elon Musk became seventh richest man passing Warren Buffett Musk raced beyong Bill Gates to become the second richest man in November. Musk has gained more money over the last 12 months than Bill Gates' $132 billion net worth.
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