Connect with us

Elon Musk Becomes World Richest Man

Piroll

Published

on

Follow
FOREIGN NEWS: Elon Musk Becomes World Richest Man [New Foreign News] » Naijacrawl
Photo: Naijacrawl

The table of the world billionaire has changed again as Elon Musk, the CEO behind Tesla Inc.



and SpaceX, is now the richest person on the planet.

A 4.8% rally in the electric carmaker’s share price Thursday boosted Musk past Amazon.com Inc. founder Jeff Bezos on the Bloomberg Billionaires Index, a ranking of the world’s 500 wealthiest people.

The South Africa-born engineer’s net worth was $188.5 billion at 10:15 a.m. in New York, $1.5 billion more than Bezos, who has held the top spot since October 2017. As chief executive officer of Space Exploration Technologies Corp., or SpaceX, Musk is also a rival to Bezos, owner of Blue Origin LLC, in the private space race.

The milestone caps an extraordinary 12 months for Musk. Over the past year his net worth soared by more than $150 billion in possibly the fastest bout of wealth creation in history. Fueling his rise was an unprecedented rally in Tesla’s share price, which surged 743% last year on the back of consistent profits, inclusion in the S&P 500 Index and enthusiasm from Wall Street and retail investors alike.

Bezos would still hold a wide lead over Musk had it not been for his divorce, which saw him cede about a quarter of his Amazon stake to his ex-wife, MacKenzie Scott, and his philanthropy. He donated shares worth about $680 million in November.



Click Here To Comment




Piroll
 

Piroll is a prolific writer, social-political commentator, socio-researcher and sports analyst. He holds certificates in media management and data journalism from the Thomas Foundation Institute of Journalism. He works as a f... Read More

Continue Reading
Click to comment

Be first to comment


Leave a Reply

Your email address will not be published. Required fields are marked *

Foreign News

Elon Musk Loses Over $20 Billion After Canceling Bitcoin Payment Mode

Piroll

Published

on

FOREIGN NEWS: Elon Musk Loses Over $20 Billion After Canceling Bitcoin Payment Mode [New Foreign News] » Naijacrawl
Photo: Naijacrawl
The world second richest man; Elon Musk’s net worth has reportedly taken a massive hit following his appearance on Saturday Night Live. During the show, the Tesla CEO joked that Dogecoin is a "hustle," resulting in a 35% drop in its value and subsequently announced that his company; Tesla wouldn't be accepting bitcoin as a payment mode. He writes then that “Tesla has suspended vehicle purchases using Bitcoin," Musk said. "We are concerned about rapidly increasing us...
Continue Reading

Foreign News

Elon Musk Names Child X Æ A-12

Piroll

Published

on

NEWS: Elon Musk Names Child X Æ A-12 [New Foreign News] » Naijacrawl
Photo: Naijacrawl
The American billionaire and CEO Space X Elon Musk who announced the birth of his son on Monday has now given the child a 'weird' name.He posted that the child would be called X Æ A-12 Musk and his girlfriend later offered an explanation to her followers on social media.The name X Æ A-12 has been trending on Twitter with many asking how the name will be pronounced.Many people questioned whether he was being serious or not concerning the weird name.However, Grimes, r...
Continue Reading

Foreign News

World Richest Man Break-Up With Girlfriend

Piroll

Published

on

FOREIGN NEWS: World Richest Man Break-Up With Girlfriend [New Foreign News] » Naijacrawl
Photo: Naijacrawl
The world's richest man, Elon Musk and girlfriend Grimes have reportedly broken up.This was made public in a statement to Page Six, Elon said, “We are semi-separated but still love each other, see each other frequently and are on great terms"“It’s mostly that my work at SpaceX and Tesla requires me to be primarily in Texas or travelling overseas and her work is primarily in LA. She’s staying with me now and Baby X is in the adjacent room,” he continued.The artist an...
Continue Reading

Latest


Download Naijacrawl App today

Fastest way to read on the go

Download the Naijacrawl App.