Alan Musk, founder of Tesla and SpaceX, has become the richest man in the world. Musk has overtaken Amazon CEO Jeff Bezos in terms of wealth. The Billionaire Index, which ranks the world's richest people on a daily basis, ranks the billionaires based on their current wealth. Jeff Bezos has been the richest man in the world since October 2017.
Musk became the world's second richest man in November
Alan Musk became the second richest man in the world after Bill Gates in November 2020. At the time, he had a net worth of 128 128 billion. Alan Musk's wealth has increased by more than 150 150 billion in the last 12 months. Musk's wealth has not been affected by economic stagnation or the Corona epidemic.
Shares of Tesla rise 743% in 2020
The reason behind the huge rise in Musk's wealth is the huge rise in shares of his company Test. Shares of Tesla jumped 743% in 2020 after the company's consistent profits and inclusion in the S&P 500 index. According to information provided by Tesla, the company produced and sold 5 million electric cars last year. Musk also tweeted, "I am proud of the Tesla team for getting this milestone. Amidst many hopes at Tesla’s launch, I felt that our market has only a 10 percent chance of survival.
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