Megan Bevis https://www.uswitch.com 1m 237 #billionaires
The views of this article are the perspective of the author and may not be reflective of Confessions of the Professions.
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.