The head of SpaceX and Tesla, Elon Musk, took first place in the ranking of the richest people on the planet.
What is this
Means?
All thanks to Tesla shares, which continuouslyhave been growing since November 2020, after the S&P Dow Jones Indices committee announced its intention to include the company in the S&P 500 rating. As a result of yesterday's trading, the shares broke through $800.
Along with the growth of Tesla shares, the fortune of Elon Musk, who owns 21% of the shares, is also growing. In general, in 2020 the shares increased in price by 720%, and in the first week of January they grew by another 10%.
Thanks to this, Elon Musk was able to overtakeAmazon CEO Jeff Bezos, who has been the richest person since 2017. But back at the beginning of last year, Musk’s fortune was estimated at $24.6 billion, and he was very far from first place in the rating. But since March, his wealth has increased by almost $150 billion!
True, the numbers and place in the ranking directly dependfrom the price of Tesla shares, which can either rise or fall. For example, Bloomberg now estimates Musk's wealth at $195 billion, while Bezos is "only" $185 billion.
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But Forbes still gives first place to the founder of Amazon, estimating Musk’s fortune at $177.2 billion.
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