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Tesla founder Elon Musk becomes richest man in the world

With the surge in Tesla’s securities on the stock market, of which he holds 18%, the whimsical 49-year-old entrepreneur has passed Jeff Bezos, the boss of Amazon.

Elon Musk, the boss of high-end electric vehicle maker Tesla, rose to the rank of the richest man in the world on Thursday (January 7) thanks to the soaring stock market shares, according to Bloomberg News calculations .

With Tesla’s stock market soaring , in which he owns 18%, the whimsical 49-year-old entrepreneur, who also runs SpaceX, passed Jeff Bezos, the Amazon boss who held the title of richest man in the planet since 2017.

While Tesla stock, which saw its value more than 7-fold in 2020 and still rose sharply on Wall Street on Thursday, the South African-born engineer’s fortune hit $ 188.5 billion soon after. the opening of the session, exceeding that of Jeff Bezos by 1.5 billion.

The enthusiasm of investors

The day before, Tesla broke the $ 700 billion mark for the first time at the close as the stock finished up almost 3% to $ 755.98. Thursday morning, the action was close to $ 800 climbing 5.7%.

The group’s sales, however, remain a long way from traditional manufacturers: Tesla only sold 499,550 cars in 2020, a long way from Volkswagen, for example, and its 11 million vehicles sold in 2019.

But Tesla is benefiting from investor enthusiasm for electric vehicles and the fact that it has managed to make money for five consecutive quarters, which allowed it to enter the prestigious S&P 500 index in December.

Source AFP

Par Jules Bercy

A writer a blogger passionate about science, history politics, the general knowledge of our planet and the Universe...

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