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How quickly Elon Musk’s wealth grew to become the richest person in the world
Just a few days into the new year, Elon Musk was announced as the world’s richest person according to the Bloomberg Billionaire Index. With a net worth of $195 billion, Musk overtook Amazon’s Jeff Bezos, who is now a close second with $185bn after holding the position of the World’s Richest Person since 2017.
Although Tesla chief and billionaire entrepreneur Musk now takes the lead, for years he was way-off earning as much dough as Bezos, and a number of his affluent peers. Just how quickly did his billions catch up? You can see exactly when Musk surpassed the top spot in a graphic created by Uswitch, below.
Research by Uswitch reveals that in 2019, Musk was a whopping 147% away from being richer than Bezos, having an average net worth of $19,900,000,000 vs Bezos’ $131,000,000,000. Just a year later, in 2020, Musk’s wealth increased to $129,800,000,000, but it still meant he was 35% off compared to Bezos’ $185,900,000,000. Musk’s fortune grew at an unprecedented rate over the past year, with much of that increase thanks to Tesla’s skyrocketing stock price, as shares rose more than 720% during 2020.