Elon Musk overtakes Jeff Bezos to become world’s richest person
Expense Gates is now a remote 3rd at $132 billion, according to Bloomberg.
Musk is also the primary shareholder and CEO of SpaceX, though SpaceX is privately held, so its value does not fluctuate as much as the value of Tesla.
Bezos’ stake in Amazon shares increased by $75 billion in 2020, to $173.3 billion, given the huge increase in sales driven by the Covid-19 pandemic.
Tesla shares are off to a good start in 2021, rising more than $90 a share, or 13%, since the start of this year, consisting of the gains early Thursday. That has raised Musk’s Tesla holdings and options by about $21 billion this year. Meanwhile, Amazon’s stock was down slightly for the year as of late morning Thursday.
Musk is set to qualify for options to buy another 16.9 million shares of Tesla early this year, according to company filings. Those options would be worth $12.3 billion at the shares’ current worth, after taking into account the exercise price.
Jobber Wiki author Frank Long contributed to this report.