World news – Elon Musk overtakes Jeff Bezos to become the richest person in the world

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For the first time in three years, a new person sits on the throne of the richest man in the world.

Elon Musk, CEO of Tesla, beat his space rival Amazon founder Jeff Bezos for the crown on Thursday, as the electric car maker’s share price continued its staggering rally.

Both men compete in space with Bezos at the helm of rocket manufacturer Blue Origin and Musk at the helm of Space X rocket company.

Musk’s net worth rose to 187, $ 4 billion, with Tesla shares soaring 4.5 percent to a high of $ 792.10 in early trading, according to Post calculations.

That was slightly ahead of Bezos, whose net worth was almost Soaring $ 186.8 billion, with Amazon shares rising 1.6 percent to $ 3,189.06 apiece.

The South African-born entrepreneur started 2020 with assets of less than $ 30 billion Dollar that more than quintupled the share price of Tesla exploded by more than 700 percent.

The 49-year-old Musk already owns around 20 percent of Tesla and could get even richer after unlocking multiple stock rewards from his staggering $ 50 billion salary package in early 2018 was approved.

According to Bloomberg, 56-year-old Bezos is the richest man in the world since he claimed the title of Microsoft tycoon Bill Gates in October 2017. Musk took second place from Gates in November.

The past year was also good for Bezos, who added $ 75 billion to his net worth as the coronavirus pandemic increased demand for online shopping and Amazon grew Record profits led.

Bezos has sold portions of his stake in Amazon over the past few years to fund Blue Origin, his space exploration startup that accounts for approximately $ 7.2 billion of his net worth according to Bloomberg’s Billionaires Index / p> Blue Origin rivals Musk’s rocket maker SpaceX, which is reported to have nearly $ 19 billion of its net worth.

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