Elon Musk surpasses Jeff Bezos as world’s richest person, according to Bloomberg

SpaceX CEO Elon Musk
Elon Musk’s net worth has surpassed Amazon CEO Jeff Bezos’, according to Bloomberg. Pic credit: ©

Space X founder and CEO Elon Musk has surpassed Jeff Bezos in net worth to become the world’s richest person, according to Bloomberg.

Musk surpassed Bezos after a 7.9 percent surge in Tesla shares on Thursday increased the value of Musk’s stock holding to $194.8 billion.

According to Bloomberg, Musk’s new net worth is $9.5 billion more than Amazon CEO Jeff Bezos’ net worth estimated at $185.3 billion.

As of this writing, the Bloomberg Billionaires Index lists Musk’s net worth at $195 billion, while Bezos’ net worth is estimated at $185 billion.

Bill Gates is third on the list with a net worth of $134 billion.

Twitter users react

On Thursday, Musk reacted to the news that he is now the richest man in the world, tweeting “How strange.”

Elon Musk
Pic credit: @elonmusk/Twitter

Many Twitter users commented on the irony of Musk increasing his net worth by billions of dollars during the coronavirus pandemic while millions of other Americans lost their jobs and many became homeless.

Forbes still ranked Bezos the world’s richest man

However, Forbes still ranks Amazon honcho Jeff Bezos the richest man in the world, ahead of Musk. According to Forbes, Bezos’ net worth is $184.6 billion, while Musk’s net worth is $177.2 billion.

Forbes even published a rebuttal of Bloomberg’s report, insisting that Elon Musk is not yet the richest man in the world.

Forbes ranked Bernard Arnault and his family ahead of Bill Gates as the third richest in the world, with a net worth of $152.8 billion.

Tesla’s stock price rose dramatically in 2020

Musk’s net worth has risen sharply in 2020, thanks to the skyrocketing value of Tesla’s stock prices.

Earlier in November 2019, Monsters and Critics reported that Musk’s net worth of about $24.4 billion plunged after a botched demonstration of the strength and durability of Tesla’s new Cybertruck.

The supposedly bulletproof side windows shattered when Tesla’s chief designer Franz von Holzhausen hurled a metal ball at it.

Soon after the botched demonstration, Tesla’s share price plunged by about six percent in a day. The drop led to Musk losing $765 million in net worth. His net worth fell from about $24.4 billion to $23.6 billion, according to Forbes.

While many linked the sudden and sharp fall in Tesla’s share price to the botched demonstration, some analysts expressed doubt, saying other factors contributed to the drop.

However, the fall in share price was only temporary as it rallied soon after, and in November 2020, Musk surpassed Bill Gates to become the second richest man in the world.

Forbes first ranked Bezos the richest man in the world in 2017

Forbes first ranked Jeff Bezos the richest man in the world back in July 2017. He lost the position temporarily to Bill Gates, but regained it in October 2017, according to Forbes.

Back in February 2020, Monsters and Critics reported that Bloomberg estimated Bezos’ net worth at $132 billion, while Forbes estimated his net worth at $131.2 billion.

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