Elon Musk closes in on Jeff Bezos for world’s richest man

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Tesla’s outstanding performance this year has gotten critics of the fast-rising tech company off their tail.

Elon Musk picture

The man behind such an ambitious project, Elon Musk, is now worth $155 billion and within striking distance of the present world’s richest man, Jeff Bezos, estimated to be worth $185 billion, according to data retrieved from Bloomberg Billionaire Index.

Tesla Inc. CEO, Elon Musk, the electric-vehicle entrepreneur, has surely turned fabulously wealthy this year, taking into consideration that despite the prevailing COVID-19 pandemic he gained about $128 billion – a feat not seen in the history of humanity.

Tesla Inc. CEO, Elon Musk, the electric-vehicle entrepreneur, has surely turned fabulously wealthy this year, taking into consideration that despite the prevailing COVID-19 pandemic he gained about $128 billion – a feat not seen in the history of humanity.

Tesla Stock surprisingly has returned about 855.31% within a year alone to investors and now has a market capitalization that stands at $608 billion (Bigger than Africa’s largest economy).

What you should know about Elon Musk

  • Elon is also the CEO of Space Exploration Technologies, a rocket manufacturer tapped by NASA to resupply the space station.
  • His company, Tesla, founded in 2003, is a California-based company that sells electric vehicles.
  • Tesla was started by a group of engineers, who wanted to prove that people didn’t need to compromise to drive electric – that electric vehicles can be better, quicker, and more fun to drive than gasoline cars.
  • Today, Tesla builds not only all-electric vehicles but also infinitely scalable clean energy generation and storage products. Tesla believes the faster the world stops relying on fossil fuels and moves towards a zero-emission future, the better.
  • Tesla remains the only major carmaker to have a huge physical presence in the world’s second-largest economy. With the electric-car maker’s launch of a new factory in China in 2019 and the beginning of its Model Y models earlier this year, investors may want to continue holding.
  • His wealth gain is largely attributed to Tesla, the electric car automaker, which has gained 800% in 2020 and has become by far the world’s most valuable automaker in the world, despite it producing far less than Volkswagen, Toyota, or General Motors.

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