Interesting fact: Elon Musk was recently named 'Richest Man in the World' according to Bloomberg Wealth. Tesla must be doing very well amid the Pandemic. Musk racked in more than $165 BILLION to his fortune last year. That's some serious dough...
From Bloomberg Wealth:
Elon Musk, world’s richest person.
A statement that seemed outlandish one year ago became plausible, then almost inevitable as Tesla Inc.’s share price climbed higher and higher in 2020.
On Thursday it finally happened. The electric-automaker’s shares surged 7.9%, boosting Musk past Amazon.com Inc. founder Jeff Bezos on the Bloomberg Billionaires Index, a ranking of the world’s 500 wealthiest people. Musk is worth $194.8 billion, or $9.5 billion more than Bezos, whose Blue Origin is a rival to Musk’s Space Exploration Technologies Ltd., or SpaceX, in the private space race.
Tesla’s ascent thrusts its brash founder into a role occupied by only a handful of other people in recent decades and underscores the dramatic stock moves that have upended the global wealth rankings of late.
No one has seen a more dramatic shift than Musk. Over the past year the South Africa-born engineer has added more than $165 billion to his fortune in what’s probably the fastest bout of wealth creation in history. Fueling his rise was an unprecedented rally in Tesla’s share price, which surged 743% last year on the back of consistent profits, inclusion in the S&P 500 Index and enthusiasm from Wall Street and retail investors alike. The shares have gained more than 23,900% since its 2010 initial public offering, including a 5-for-1 stock split last year.
Congrats to Musk! Can we be friends?! LOL
Actually, on a second thought, we're really fortunate and have so much to be grateful for...