Billionaire Elon Musk’s strange reaction to becoming the richest man in the world

Tesla’s electric car company stock price rose 7.9 percent on January 7, helping Musk outperform Amazon founder Jeff Bezos, the richest man in the world since 2017 and now has a net worth of around $ 184 billion.

Over the past year, this South African-born engineer has added more than $ 165 billion to his fortune, possibly the record for fastest wealth ever in history. Driven by Musk’s total wealth boost was an unprecedented surge in Tesla shares, up 743% last year on steady earnings.

Tesla’s stock price has risen more than 23,900% since its 2010 public offering, including last year’s 5-to-1 share split.

Billionaire Elon Musk's strange reaction to becoming the richest man in the world
Billionaire Elon Musk on January 7 became the richest man in the world, with a net worth of more than $ 185 billion (Image: Axel Springer)

According to CNBC, Amazon’s share price remains lower due to the risk of increasing regulations from the administration of President Donald Trump.

Billionaire Elon Musk overtook billionaire Warren Buffett last July to become the 7th richest person in the world. In November 2020, the 49-year-old businessman overtook Microsoft Group Chairman Bill Gates to become the second richest person. Over the past 12 months, Musk has earned more than Bill Gates’ $ 132 billion net worth.

Shares of Tesla closed trading on Jan. 7 at $ 816.04, up nearly 8 percent. The company’s market value has grown to more than $ 760 billion.

Despite his fortune surging, Musk said he has little interest in the material and has few assets other than stakes in Tesla, SpaceX, and Boring Infrastructure and Tunnel Construction Services.

Last year, the billionaire said he intended to sell most of his physical wealth and said that his wealth was only to promote the evolution of humanity into an astronaut civilization.

In response to the news of becoming the richest man in the world on January 7, Musk wrote on Twitter “It’s so strange!“, then added “Let’s get back to work!“.

For the Amazon founder, the billionaire would still hold the lead if not for his divorce from ex-wife MacKenzie Scott, which cost him about a quarter of his fortune at Amazon, along with his philanthropy. In November of last year, Mr. Bezos spent about $ 680 million on philanthropy.


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