Elon Musk overtakes Amazon’s Jeff Bezos to become world’s richest person

Elon Musk overtakes Amazon’s Jeff Bezos to become world’s richest personTesla’s Elon Musk world’s richest person
NEW YORK (BLOOMBERG) — Elon Musk, the vocal entrepreneur behind Tesla Inc. and SpaceX, is now the world’s richest person on the planet.
A 4.8 % rally in electric carmaker’s share price on 7 January boosted Amazon founder Jeff Bezos on the Bloomberg Billionaires Index, ranking the world’s 500 richest people.

The South African-born engineer had a net worth of US $ 188.5 billion (S $ 250 billion) in New York at 10.15am, which is US $ 1.5 billion more than Jeff Bezos, which topped since October 2017. Also Read — Mukesh Ambani, out of the top 10 global rich list The year was heavy for Mukesh Ambani

As chief executive of Space Exploration Technologies corporation. or SpaceX, Elon Musk also rivals Bezos, the owner of Blue Origin LLC, in the private space race.

The milestone for Elon Musk is an extraordinary 12 months. Their net worth during the previous year was more than US $ 150 billion, possibly the fastest counter to wealth creation in history.

Tesla’s rapid rise in share price was an unprecedented rally, similar to the 743 % increase in 7 consecutive profits in the past year, the inclusion in the S&P 500 index, and the enthusiasm of Wall Streets and retail investors. Also Read — Betsy Devos resign as us education secretary Children are watching

Bezos would still have a broad lead over Musk were it not for his divorce that saw him share 1 / 4 of his Amazon stake for his ex-wife McKenzie Scott and his philanthropy. He donated sharesDigital India Web
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