Musk is the third person after Jeff Bezos and Bernard Arnault to cross the $200 billion milestone
Elon Musk has regained the title of the richest person in the world.
According to Forbes real-time billionaires list, the founder of Tesla and SpaceX now has a net worth of $201.4 billion, more than the $193 billion owned by Amazon and Blue Origin founder Jeff Bezos; LVMH Moët Hennessy – $174 billion to Louis Vuitton SE CEO Bernard Arnault and family, 129.5 billion to Microsoft co-founder Bill Gates, and $121.8 billion to Facebook CEO Mark Zuckerberg.
Elon Musk Takes $37.5 Million Hillsboro, California Mansion Off the Market
Musk’s rise to fortune is largely tied to Tesla’s stock market success. Musk owns about a fifth of the electric vehicle maker.
In 2020 alone, Tesla shares rose nearly 720%. As of the time of publication on Tuesday, the shares are trading at $782.41 per share, up about 7% over the prior year and 85% over the prior year.
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In addition, Musk’s fortune is tied to that of SpaceX, which was valued at about $74 billion as of February’s funding round, a $37.5 million mansion in Hillsboro, Calif., and a primary home of about $50,000 located in Boca Chica, Texas. , and was hired through SpaceX. .
Musk is the third person to surpass the $200 billion milestone after Bezos in August 2020 and Arnault briefly last month. He first became the world’s richest person in January, before being ousted by Bezos a month later.