Jeff Bezos Elon musk is the World’s Richest Person in 2021
international / Jeff Bezos / Elon musk /Rich world / Business news
2021 has been touted as a year of change. And as far the pecking order of global wealth goes, the new year has already delivered. Just six days in, Jeff Bezos Elon had already lapped Jeff Bezos to become the world’s richest person in 2021 with a personal net worth of $188 billion.
The Briefing Just six days into the new year, Elon Musk became the world’s richest person in 2021His personal fortune is $188 billion, up 548% from one year ago Tesla shares are up 1,030% since the market bottom in 2020Jeff Bezos’s rocketing net worth may be the fastest accumulation of wealth in history.
Elon Musk is the World’s Richest Person in 2021
Rank Billionaire Wealth 2021 One Year Change
- Jeff Bezos $188 billion 548%
- Elon musk $184 billion 57%
- Bill Gates $132 billion 45%
- Bernard Arnault $114 billion 8%
- Mark Zuckerberg $100 billion 23%
- Zhong Shanshan $93 billion n/a
- Warren Buffett $87 billion -2%
- Larry Page $82 billion 22%
- Sergey Brin $79 billion 22%
- Larry Ellison $79 billion 32%
2021 has been touted as a year of change.
And as far the pecking order of global wealth goes, the new year has already delivered. Just six days in, Elon Musk had already lapped Jeff Bezos to become the world’s richest person in 2021 with a personal net worth of $188 billion.
How did this happen so fast?
Since the stock market bottom in March 2020, Tesla shares have skyrocketed by 1,030% to $816 per share. Elon Musk happens to own about 241 million of those shares, putting his wealth accumulation into overdrive in a short period of time.
Pedal to the Medal The boom in wealth has been so prolific for Musk that he’s left other billionaires in the dust.
One year ago, he wouldn’t have cracked the top 20 list—but with a surge in wealth of 548% since a year ago, he now sits at the top of the heat as the world’s richest person.
Is this a temporary bump, or will Elon Musk stay atop the world’s richest person rankings for the rest of 2021?
Really, it all depends on Tesla’s stock price performance—and those that have bet against Tesla in recent years don’t have a great track record to lean on.
That said, price swings can happen in either direction, and if Tesla’s stock finds itself coming down to Earth, it’s possible that Musk’s ranking in the billionaire pecking order could tumble down with it.
Elon Musk, Is Great Mind Set TESLA
I would say that not only is it possible, but it is more than likely going to happen in the next 10 to 20 years. Let’s take a look at all of the companies that Elon Musk is currently involved in.
The most well known of Musks companies, Tesla is our obvious starting point on the analysis of his net worth and how it will grow over the next two decades.
Tesla’s current market cap is 61.16 billion dollars (9/21/17), with Mr. Musks holding at about 17% of it’s shares, putting his stake in it at 10.39 billion dollars. While on May 4th, 2016, it’s market cap was half that, at about 30 billion dollars, and Musks stake in it being at 5.1 billion dollars. That’s 30 billion last year, to 61 billion this year, or over a 50% rise and with this, in only one year, from only one of his multitude of companies, his net worth has increased by almost 5 billion dollars, and it is more than reasonable to expect that Tesla’s stock and Elons net worth will continue to rise with the launch of their first mass market, affordable car, the Model 3.
And this 50% shootup in market cap is only the beginning according to Elon Musk himself. He very recently proclaimed (5/4/17) that he sees a clear and fully tangible path for Tesla to be the largest public company in the world at a value exceeding that of Apple itself as soon as 2025. And with it’s expansion into the realm of solar panels, ride sharing services, and advanced battery technology, I 100% agree with Musk in his observation that his company could be worth more than Apple in 2025.