Elon Musk Inches Closer To Becoming the Richest Man in the World

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According to the Bloomberg’s Billionaires Index, Elon Musk is now just $3 billion away from beating Jeff Bezoz as the richest man in the world.

The estimated net worth of the Amazon CEO stands at about $184 billion where Tesla and Space X’s CEO is around $181 billion. Elon Musk had reached the milestone of the second richest man in the world in the month of November in 2020.

Over the past 12 months, the 49 year old has accumulated wealth of around $150 billion which is a landmark in itself and could be the most wealth surge by anyone in history.

It is also being said that to surge the net worth by $3 billion would not be a herculean task for Elon, and it would be record breaking as Jeff Bezoz held the position of the richest man in the world since the year 2017.

The primary factor which caused his wealth to surge so highly is the surge in the share price of Tesla which went up a whopping 743% in the last year. The cars being produced by Tesla are not a lot at the moment and last year it barely managed to cross the half a million mark.

But, it is expected that the future will be extremely bright for the Elon Musk led company as the future is expected to be filled with electric cars. Especially as the Democrats have gained power in the U.S., the company is poised to be in for a ride.

Elon Musk at the moment has 20% of the total shares of Tesla, and in recent times he also gained about $40 billion from paper gains from the vested stocks.

Both of these highly paying ventures were given to him first in the year 2012 and then in the year 2018. The paper gains is said to be the largest pay deal in history between any CEO and the corporate board.

In space, his company Space X is constantly leaving a mark but it has been seen that personally Elon has but little interest in any material goods and owns very few assets of his own.

In a recent statement, Elon exclaimed that at the present moment, his aim is to contribute as much as he can to the city of Mars and to be able to do that, he will require a lot of capital investment.