Elon Musk became the wealthiest person in the world for the third time again on Monday. Now he has a net worth of 200 billion dollars. His Tesla stock has made him the wealthiest person in the world again by defeating Amazon founder and space rival Jeff Bezos.
Jeff Bezos became the richest person in the world in the year 2020, August, where his net worth was $200 billion. Musk’s electric vehicle firm Tesla’s stock maintained its four-month rise, finishing up 2.2 percent at $791.36, the highest level since February. Musk’s net worth increased by $3.8 billion on Monday, to $203.4 billion at the end of the day.
Bezos has completed in the second position where his net worth was $1 billion less than Elon musk. Due to the 0.6% amazon stock decline, he is now in the second position. Now, Elon has become more prosperous than he was in January, where his company was at the peak up point, and he had also become the wealthiest tycoon in the world for the first time. At that time, he received additional stock option grants that ultimately increased the value of Tesla. He has 73.5 million Tesla stock options worth $53 billion. Musk controls more than a fifth of Tesla, but Forbes deducts a part of that ownership to account for stocks he has committed as security for loans.
Musk’s fortune is a very lucky one, as it is tied with the ownership of tesla. It ended at $792 billion and more, and the market capitalization of SpaceX has gathered the value of $74 billion after they got a tremendous amount of funding in the month of February. He currently owns one property and classifies his permanent residence as a 400-square-foot rental apartment, despite agreeing to sell virtually all of his personal belongings last year, along with six mansions.
The share rate of Tesla has increased by almost 720% in the year 2020, and as a result, the current net worth of Musk has become $125 billion in a year. Once trading places with Bezos, the Tesla stock has started declining. Arnault also eclipsed musk by April. Last month, the unusually regular shuffle atop the billionaire list continued, with Musk reclaiming second place, following only Bezos. This has only become the trend of it, and they become in the richest page.