Elon Musk is now the richest person on the planet with £139bn

Time 10 months ago

Tesla boss Elon Musk is now officially the world’s richest person – with his fortune standing at £139bn.

The figure put him at number one on the Bloomberg Billionaires Index yesterday (Jan 9), which said he has $188.5bn, and knocks Amazon founder Jeff Bezos into second place at $187bn (£138bn). Bezos had held the top slot since 2017.

The boost in his wealth came following a six per cent rise in Tesla’s stock to $816.04 a share following the seizure of power in the Senate by the Democrats, which has fuelled hopes that president-elect Joe Biden will give more tax breaks to people who buy electric cars.

Musk, 49, responded to the news of his premier position in the wealth league in enigmatic style on Twitter:

Meanwhile, a pinned tweet from 2018 shows his thoughts about his money:

He has gained more than $150bn (circa £111bn) in the past year alone – understood to be history’s fastest wealth accumulation.

The entrepreneur owns a fifth of Tesla plus another $42bn (£31bn) of share options.

Tesla’s value is now put at $700bn (£516bn) – more than Ford, GM, Hyundai, Toyota and Volkswagen together.

John Bowman's avatar

John has been with Car Dealer since 2013 after spending 25 years in the newspaper industry as a reporter then a sub-editor/assistant chief sub-editor on regional and national titles. John is chief sub-editor in the editorial department, working on Car Dealer, as well as handling social media.

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