Elon Musk is now the richest person in the world

Elon Musk has become the richest man in the world. Exceeding Jeff Bezos, the current net worth of the founder of Tesla and SpaceX is estimated at $ 188.5 billion. That’s about $ 1.5 billion more than Bezos’s current estimated wealth.

Musk took first place as the richest man in the world when Tesla’s share price rose 4.8%. This is the first time one has surpassed the Bezos title in wealth, which has been held since October 2017. The two are also direct competitors: Musk, with SpaceX; and Bezos, Blue Origin LLC. Musk experienced significant financial success in 2020, when Tesla became the most profitable carmaker in the world, as stock prices rose by 743%. While Bezos also saw a phenomenal success in Amazon̵

7;s profits last year due to an increase in online shopping caused by the COVID-19 pandemic, he also lost a lot of wealth – his divorce from his wife Mackenzie Scott, which deprived him of about a quarter of his share. on Amazon and a handful of donations, such as when he distributed $ 680 million in efforts to combat the pandemic. In addition, Musk shows no signs of slowing down, as Tesla’s ongoing production of innovative vehicles and SpaceX continue to carry out historic space missions.

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