Elon Musk succeeded in overtaking Jeff Bezos as the richest person in the world in stock trading on Monday (9/27). Elon Musk has a net worth of over $200 billion, according to Forbes records.
For this achievement, Jeff Bezos said “I will send a giant statue of the number ‘2’ to Jeffrey B (Jeff Bezos), along with a silver medal,” wrote Elon Musk.
At Monday’s close of trading, Elon Musk’s fortune crossed $203.4 billion. Meanwhile, Jeff Bezos’ assets fell to US $ 197.7 billion, as quoted from Forbes, Wednesday (9/29).
Tesla Boosts Elon Musk’s Wealth
Elon Musk’s wealth is closely tied to Tesla, which as of Monday’s close of trading had a market cap of more than $792 billion. Elon Musk owns one-fifth of Tesla’s shares. In 2020 Tesla’s stock price has increased 720% making Elon Musk’s fortune add US $ 125 billion in a year.
In addition, his fortune comes from SpaceX, the company that manufactures space rockets, which is valued at US$74 billion after its February funding round.
Elon Musk is also included in the ranks of the richest people in the world with assets above US $ 200 billion. Previously this title was achieved by Jeff Bezos and LVMH boss Bernard Arnault.
Jeff Bezos and Elon Musk are now competing to provide space flights. Jeff Bezos owns Blue Origin and Jeff Bezos owns SpaceX. Elon Musk often quips Jeff Bezos about this.
Last month, Blue Origin filed a lawsuit over NASA’s cooperation contract with SpaceX for a $2.9 billion Moon landing. Blue Origin called the contract legally flawed.