Musk's fortune as the world's richest man soars by $150 billion a year.

Published: Jan 8, 2021 13:17

Taking advantage of the east wind of the electric car industry, Iron Man Musk overtook Bezos, who has dominated the list for three years, to become the new richest man in the world on Thursday.

As of 10:15 EDT on Thursday, Musk had a net worth of $188.5 billion, $1.5 billion more than Bezos, according to media statistics. As of press time, Tesla's share price is up 6% to more than $800, while Amazon is up only about 2%.

When he became the richest man in the world, Musk seemed to respond on Weibo: "all right, let's go back to work." Some netizens joked that Musk could be called a "master of mortals".

It should be noted that Musk was only worth about $27 billion at the beginning of 2020 and has just entered the top 50 of the global rich list. But Tesla's soaring share price put Mr Musk on the rocket, surging more than $150 billion a year, the fastest ever.

In July 2020, Musk surpassed Buffett to become the seventh richest person in the world. In November 2020, Musk overtook Bill Gates to become the second richest man. In the past year, Musk has earned more wealth than Bill Gates' total assets of $132 billion.

In addition, as the Democratic Party won two Senate seats in Georgia and gained control of both houses of Congress, the promotion of electric vehicles is expected to be accelerated, and Tesla's share price may have some room to rise in the future. By contrast, Amazon's share price could be under pressure in the future because Biden is likely to tighten regulation of technology companies.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Beijing Launches 500-kV Power Project in Fengtai, Boosting Grid Resilience and Industrial Growth
9 hours ago
Beijing Launches 500-kV Power Project in Fengtai, Boosting Grid Resilience and Industrial Growth
Read More
Beijing Launches 500-kV Power Project in Fengtai, Boosting Grid Resilience and Industrial Growth
Beijing Launches 500-kV Power Project in Fengtai, Boosting Grid Resilience and Industrial Growth
On January 28th, the construction of the 500-kilovolt power transmission and transformation project in Fengtai, Beijing officially started. This project is the first newly-built 500-kilovolt power grid project in Beijing during the 15th Five-Year Plan period. It will significantly enhance the resilience and power receiving capacity of the southern Beijing power grid and provide reliable power support for Beijing to continuously optimize the investment structure and vigorously develop high-end, precise, and cutting-edge industries. The 500-kilovolt power transmission and transformation project in Fengtai, Beijing is a key project of Beijing's power grid during the 15th Five-Year Plan period and one of the "3 100" key projects in Beijing this year. It is constructed and managed by the State
9 hours ago
Shaanxi-Anhui UHV DC Project's 500-kV AC System at Hezhou Station Begins Operation After Trial Run
9 hours ago
Shaanxi-Anhui UHV DC Project's 500-kV AC System at Hezhou Station Begins Operation After Trial Run
Read More
Shaanxi-Anhui UHV DC Project's 500-kV AC System at Hezhou Station Begins Operation After Trial Run
Shaanxi-Anhui UHV DC Project's 500-kV AC System at Hezhou Station Begins Operation After Trial Run
On February 1st, the 500-kilovolt AC system of the Hezhou Converter Station, the receiving-end station of the ±800-kilovolt UHV DC power transmission project from northern Shaanxi to Anhui, was officially put into operation after a 24-hour trial run.
9 hours ago
750-kV Power Line Connecting Northern to Central Shaanxi Fully Operational
9 hours ago
750-kV Power Line Connecting Northern to Central Shaanxi Fully Operational
Read More
750-kV Power Line Connecting Northern to Central Shaanxi Fully Operational
750-kV Power Line Connecting Northern to Central Shaanxi Fully Operational
On February 2nd, the 750-kilovolt power transmission and transformation project of the third passageway from northern Shaanxi to central Shaanxi was fully connected. The project starts from the 750-kilovolt Shuofang Substation in Shenmu City in the north and ends at the 750-kilovolt Bailuyuan Substation in Lantian County in the south. It has newly built a 1,271-kilometer line, passing through 18 counties (districts) in 4 cities including Yulin, Yan'an, Weinan and Xi'an.
9 hours ago