Business

Elon Musk Within Striking Distance Of Jeff Bezos For World’s Richest Man Title

Elon Musk Jeff Bezos

Elon Musk is now worth $155 billion, and getting closer to the current world’s richest man, Jeff Bezos, estimated to be worth $185 billion.

Tesla’s outstanding performance this year proved critics of the fast-rising tech company wrong. The man behind this ambitious project, Elon Musk is now worth $155 billion. Moreover, he is within striking distance of the world’s richest man, Jeff Bezos, estimated to be worth $185 billion, according to the Bloomberg Billionaire Index.

Tesla CEO Elon Musk has turned fabulously wealthy in 2020, considering that he gained about $128 billion despite the still raging coronavirus pandemic. Tesla Stock returned about 855.31 percent within a year alone to investors and has a market capitalization now that stands at $608 billion.

Nairametrics previously highlighted reasons why it believed the stock was a strong buy and could surpass the present most valuable listed tech company. Musk is also the CEO of Space Exploration Technologies, which makes rockets, while Tesla sells electric vehicles.

Musk’s wealth gain is largely attributed to his California-based electric vehicle manufacturing company. Tesla has gained 800 percent in 2020, becoming the world’s most valuable automaker, despite manufacturing less than General Motors, Toyota, or Volkswagen. Watch this space for the latest business news.

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