Elon Musk leaves behind Bezos to become world's richest person

Bloomberg News reports Tesla chief had a net worth of more than $188.5 billion, $1.5 billion more than the Amazon boss; Forbes, however, said Musk still trails Bezos by $7.8 billion

Tesla Inc chief and billionaire entrepreneur Elon Musk surpassed Amazon.com Inc's top boss Jeff Bezos to become the world's richest man, Bloomberg News reported on Thursday.
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  • Including Thursday's gains in Tesla shares, Musk, 49, had a net worth of more than $188.5 billion, $1.5 billion more than Bezos, the report said.
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    אילון מאסק
    אילון מאסק
    Tesla Inc chief Elon Musk
    (Photo: EPA)
    Musk's personal wealth has been boosted by last year's more than eight-fold surge in the shares of Tesla, which became the world's most valuable carmaker.
    He has a 20% stake in the carmaker and about $42 billion of unrealized paper gains on vested stock options, according to the Bloomberg report. Tesla shares were up as much as 7.4% on Thursday at a record high of $811.61.
    The Forbes Billionaires List, however, said Musk still trails Amazon's Bezos by $7.8 billion.
    Forbes has a more conservative estimate based on the Tesla stake that he has pledged as a collateral for personal loans. To take that into account, it applies a 25% discount to his shareholding, according to its report in November.
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    ג'ף בזוס
    ג'ף בזוס
    Amazon.com Inc's top boss Jeff Bezos
    (Photo: AP)
    Musk, who co-founded and sold Internet payments company PayPal Holdings Inc, now leads some of the most futuristic companies in the world.
    Besides Tesla, he heads rocket company SpaceX and Neuralink, a startup that is developing ultra-high bandwidth brain-machine interfaces to connect the human brain to computers.
    He set up the Boring Company to make affordable tunnels below busy city streets for an all-electric public transportation system to avoid the nasty traffic jams in U.S. cities
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