Elon Musk has reclaimed the title of world’s richest person, according to the Bloomberg Billionaires Index. The Tesla and SpaceX CEO’s net worth surged to $188.5 billion on Monday, surpassing Amazon founder Jeff Bezos’ $187 billion.
Musk’s net worth has skyrocketed this year, thanks to the success of Tesla’s stock. The electric car maker’s shares have surged more than 500% in 2020, making it the world’s most valuable automaker.
Musk’s wealth has been boosted by his large stake in Tesla, which is now worth more than $150 billion. He also owns a stake in SpaceX, the aerospace company he founded in 2002.
Musk’s rise to the top of the billionaire rankings is remarkable, considering he was worth just $27 billion at the start of the year. He has added more than $160 billion to his net worth in 2020 alone.
The South African-born entrepreneur has become one of the world’s most influential figures, thanks to his ambitious projects and bold predictions. He has promised to revolutionize the auto industry with Tesla, and has set his sights on colonizing Mars with SpaceX.
Musk has also become a major player in the tech industry, with his companies developing cutting-edge technologies such as autonomous driving and reusable rockets.
Musk’s success has been met with both praise and criticism. Some have praised him for his ambition and vision, while others have criticized him for his brashness and tendency to make bold predictions.
Regardless of one’s opinion of Musk, there is no denying that he has had an incredible year. He has gone from being worth $27 billion to becoming the world’s richest person in just 12 months.
It remains to be seen if Musk can maintain his position at the top of the billionaire rankings. But for now, he is the undisputed king of the billionaires.
