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Bloomberg News said Thursday that businessman Elon Musk surpassed Amazon.com chairman Jeff Bezos to become the richest man in the world, and the report added that when calculating earnings on Tesla shares today, the net worth of Musk, 49, Tesla’s chief executive, exceeds $ 188.5 billion. $ 1.5 billion more than Bezos’ fortune, Musk’s personal fortune was boosted by a more than eight-fold increase in Tesla’s share value last year, making him the most valuable automaker in the world. Musk owns 20 percent of the company and an unrealized profit of about $ 42 billion. Stock options, according to a Bloomberg report.
Tesla shares rose as much as 7.4 percent today to a record $ 811.61, but Forbes magazine’s list of billionaires says Musk’s fortune is still $ 7.8 billion less than Bezos’s. .
Forbes’ estimate is more conservative than Musk pledging a stake in Tesla as collateral for personal loans. To take this into account, the magazine is applying a 25 percent cut to its properties, according to a November report.
Musk co-founded the online payments company PayPal, which he later sold, and currently leads some of the world’s biggest bettors on future technologies, as he also runs the missile company SpaceX and Neuralink, which creates high-speed technologies for connect the human brain to computers.
He also founded a company to build low-cost tunnels under busy city streets with the goal of running an electric public transportation system aimed at avoiding traffic congestion in American cities.
