How did Elon Musk become the richest man in the world?

He had gradually climbed the stairs, then joined the top 3 of the world’s largest fortunes in September 2020. The year 2021 looks promising for Elon Musk, who has become the richest man in the world, according to the agency. Bloomberg which maintains a ranking of billionaires.

Jeff Bezos, the head of Amazon, is no longer number 1. The one who holds the title of the richest man on the planet since 2017, ahead of Bill Gates (Microsoft), Bernard Arnault (LVMH) and Mark Zuckerberg (Facebook), has just been caught by the wayward 49-year-old entrepreneur, Elon. Musk.

This meteoric rise is explained by the raising Tesla values Financial world, in which Elon Musk owns 18% of the shares. Tesla shares have seen their value multiplied by more than 7 in 2020. This allows Elon Musk to own a fortune of $ 188.5 billion. That of the creator of Amazon, amounts to 1,500 million.
Remarkable fact, Elon Musk rejects his $ 56,000 minimum wage every year at Tesla. In January 2018, the company announced that it would pay Elon Musk nothing for the next ten years: no salary, no bonus, no stock.

Rich even richer despite the crisis

The coronavirus pandemic is an economic disaster for most AmericansBut not for Elon Musk. Many billionaires got rich during the pandemic, but no one earned as much as he did. Telsa’s CEO earned more than $ 48 billion between March 18 and August 13, 2020, or an increase in wealth greater than 197%According to a new think tank analysis, the Institute of Political Studies.

But that’s not all, Elon Musk’s wealth should continue to grow in the coming months. And thank you Joe Biden? Stock market action was driven by the election of Joe Biden, who promises to promote the development of electric vehicles in the United States. The group’s shares are expected to be included in many financial products on a consistent basis, which should give Elon Musk even more weight.

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