Elon Musk is now the richest person in the world, thanks to a surge in his electric car company’s share price
With a net worth of $190 billion as of Thursday January 7, the Tesla CEO has pushed Jeff Bezos to a second position. Bezos had been on the top spot since 2017. He is currently worth about $184 billion.
“How strange. Well, back to work …” Musk tweeted
— Elon Musk (@elonmusk) January 7, 2021
The 49-year-old South Africa-born billionaire has witnessed a tremendous increase in the share price of his electric car company, TESLA, the past 12 months
TESLA hit a market value of $737.6bn (£516bn) for the first time on Wednesday. The share price hit a record $810 per share.
TESLA company was selected two months ago to join the S&P 500 – a membership only available to US companies with at least $8.2billion market capitalization. To join the S&P 500, a company must also be liquid and at least half of its shares must be available to the public, and the company must report four straight quarters of profit.