The king has been dethroned! As of Thursday, Jeff Bezos is no longer the richest man in the world.

That’s right. A title that he’s held since 2017 has been taken away and awarded to Tesla’s CEO and serial entrepreneur, Elon Musk.

Musk is involved in so much more than just Tesla though. He has greatly diversified his portfolio by creating a number of products and companies.

Some of these include The Boring Company and SpaceX.

Thursday’s increase in Tesla’s share price pushed Musk past Jeff Bezos, who had been the richest person since 2017 and is currently worth about $184 billion. Musk’s wealth surge over the past year marks the fastest rise to the top of the rich list in history — and is a dramatic financial turnaround for the famed entrepreneur who just 18 months ago was in the headlines for Tesla’s rapid cash burn and his personal leverage against the company’s stock.

Musk started 2020 worth about $27 billion, and was barely in the top 50 richest people.

Tesla’s rocketing share price — which has increased more than ninefold over the past year — along with his generous pay package have added more than $150 billion to his net worth.

To put some of that into perspective, Elon Musk has gained more wealth in the past 12 months than Bill Gates’ entire net worth!

To put that into some more perspective, Musk has earned over $17,000,000 per hour for the past 12 months.

Now, it’s very likely that Musk will not remain at the top of the list because net worth fluctuates greatly on a day-by-day basis. There are some days in which these billionaires lose billions of dollars per day, then they may earn a couple billion on the next. It’s just absolutely wild that these people have done so well in life and earned so much money.

And I don’t want to hear it from these liberals who think that they’re greedy. Jeff Bezos gave away $10 billion last year to fight climate change. I’ll guarantee you that if they start taxing him astronomically, that they’ll cut that out real quick.

Sources:
CNBC