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Tesla boss Elon Musk officially becomes richest man in the world



Elon Musk, the boss of high-end electric vehicle maker Tesla, became the richest man in the world on Thursday, January 7. Thanks to the surge in Tesla shares (of which he owns 18%) on Wall Street, the whimsical 49-year-old entrepreneur, who also runs SpaceX, has passed in front of Jeff Bezos, the founder of Amazon, according to the agency’s calculations. Bloomberg which maintains a ranking of billionaires. Bezos held the title of richest man on the planet since 2017. Next come Bill Gates, Microsoft founder, luxury emperor Bernard Arnault (LVMH) and Facebook boss Mark Zuckerberg, just 36 years old.

As Tesla stock, which saw its value more than seven-fold in 2020, still rose sharply on Wall Street on Thursday, the South African-born engineer’s fortune hit $ 188.5 billion soon after. the opening of the session, exceeding that of Jeff Bezos by about 1.5 billion. Most of Elon Musk’s wealth is actually stocks, part of which serves as collateral collateral for loans to invest in his companies, according to Forbes. The charismatic and innovative boss of Silicon Valley, whom he left for the more flexible Texas, promised that he would give half of his fortune to works of charity, says the magazine. But for now, he is far from having done it, having explained in a tweet in 2018 that he would do “big payments in 20 years, when Tesla is stabilized”.

Tesla’s stock market valuation surpassed the $ 700 billion mark on Wednesday for the first time at the close as the stock finished up almost 3% to $ 755.98. By mid-session Thursday, the stock topped $ 800, climbing 6%. Despite the pandemic, the economic slowdown and unemployment, the American stock market rose from record to record at the end of 2020 with the craze of investment funds as small carriers for the big names in vogue like You’re here. In mid-December, the billionaire’s group had its stock market consecration by integrating the prestigious S&P 500 index, bringing together the 500 largest companies listed in the United States. The company weighs more than General Motors, Ford, Fiat-Chrysler, Toyota, Honda and Volkswagen combined.

However, the group’s sales remain far from traditional manufacturers: Tesla only sold 499,550 cars in the year 2020, far for example from Volkswagen and its 11 million vehicles sold in 2019. It is however one of the few. manufacturers to have done well in 2020 when the automotive market suffered a halt in the spring with the temporary closure of factories and many dealers in the United States in the face of the spread of Covid-19.

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