Per Bloomberg, Tesla Founder Elon Musk has officially passed The Bad Place’s Jeff Bezos in becoming the world’s richest person – and I’m still struggling to budget my food expenses.
As the world still grapples with the pandemic, Musk’s Tesla’s shares recently surged by 7.9% at a record high of $811.61 (PHP 38,980) per share, surpassing Amazon.com’s fluctuating stock ranking.
Now, the dude who slashed the prices of one of his cars to $69,420 for the lulz is now worth $194.8 billion (PHP9,363,062T), and $9.5 billion more than Bezos. An impressive, if not completely unethical, net worth.
Musk’s accolade roots from Tesla’s astounding sky-high performance in 2020, with stocks rising to around 743% in the last year alone. Some claim this could be from more and more people entering the stock market, with many taking the risk on the already-household names of Musk and Tesla.
The electric car company has now become more valuable than big names Volkswagen, Toyota, Nissan, Hyundai, Ford, Honda combined. Yep, combined.
Musk’s path to acclaim didn’t come without any bumps though, as he’s long been in the pvblic eye for his non-traditional and seemingly non-billionaire demeanor.
Apart from being a casual memelord on Twitter and actually naming his newborn ‘X Æ A-12’, Musk’s own Tesla chairmanship was once compromised after he planned to change the company’s stock market price to $420 (PHP 20,000).
Meanwhile, he met the richest person announcement via Twitter in his own on-brand way.
‘Well, back to work’
— Elon Musk (@elonmusk) January 7, 2021
How strange indeed
Banner graphic by Beatrix Zaragoza