Tesla CEO Elon Musk Bumps Jeff Bezos To Become The Richest Person On Earth

The entrepreneur's net worth is now estimated at a staggering $188.5 billion.

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While 2020 was rough for average Americans, the world's richest only got richer, raking in more than $931 billion as the pandemic ravaged industries and livelihoods. Someone to rise out of the ashes of 2020 is Elon Musk, who is now reportedly the richest person on the planet.

According to Bloomberg, the Tesla Inc. and SpaceX CEO's net worth has now reached some $188.5 billion, thanks in part to a 4.8% surge in Tesla's shares. This makes Musk wealthier than the world's previous wealthiest person, Amazon CEO Jeff Bezos, by $1.5 billion. Bezos would've held the title of World's Richest Person Ever if not for his divorce, which saw his ex-wife, MacKenzie Scott, walk away with 25% (worth about $36 billion) of his Amazon shares. Bezos also donated some of his shares in November 2020 that totaled to about $680 million.

This comes as Tesla, which produced over 500,000 cars last year, shipped and sold just under 370,000 units in all of 2020. In spite of this, Tesla shares have surged 743% last year.

In light of his astronomical earnings and prior to this announcement, Musk did an interview with Business Insider last month to discuss his lack of interest in material possessions, as well as divulge the purpose of all of his wealth--which is to get humanity to build a city on Mars.

"I think it is important for humanity to become a spacefaring civilization and a multiplanet species," Musk said. "And it's going to take a lot of resources to build a city on Mars. I want to be able to contribute as much as possible to the city on Mars. That means just a lot of capital."

Musk has been in hot water in recent years for many of his controversial remarks. The CEO took to Twitter to mock gender pronouns last month, which caught the attention of an LGBTQIA+ advocacy group that originally labeled Tesla as a great place for the marginalized to work at. He's also commented on and downplayed the ongoing coronavirus pandemic and refused to credit Neir: Automata fan art, which temporarily forced him off Twitter in June 2019.

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Atzenkiller

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Oh, it's just based on his companies' share value. Yeah, very interesting. I still remember hearing a few years or so ago that Musk was completely broke and supposedly even had trouble paying his rent and for food, but as he said it's not an issue because all of his wealth is bound in his companies.

But stock prices are changing every day, so it's a joke to measure value based on that. It's all speculative and unless he actually sells off all of his shares he actually has no money in his pockets.

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naryanrobinson

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Edited By naryanrobinson

“The CEO took to Twitter to mock gender pronouns last month, which caught the attention of an LGBTQIA+ advocacy group.”

That sentence is just hilarious to me. To me it may as well read:

“The CEO took to Twitter to mock agricultural community pronouns, which caught the attention of an EIEIO+ advocacy group.”

If there's anything which is mock-worthy, it's the phrase “LGBTQIA+”, and it's getting more so by the year. But the important thing is that you slander him at the start and end of every article, so another job well done.

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LiquidDaylight

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I'm sure she deserved every single penny of that $36 billion. What a stupid world.

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j3DiKNiGHtDAVE

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@liquiddaylight said:

I'm sure she deserved every single penny of that $36 billion. What a stupid world.

Well, Since you didn't have the balls to take the plunge... I'll do it...

"WHAT A STUPID WORLD"

and YES, i do mean what it was intended to be.

Any person (man or woman) that lets their own wealth (especially that much) piss away to a marriage is F'N crazy

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LiquidDaylight

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@j3diknightdave: "Didn't have the balls to do it" lol. It's right there in black and white, guy.

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Oogazi

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@liquiddaylight: Well, marriages are contractual agreements in essence and per our long standing tradition (and legal precedent) she probably 'deserved' even more.

What's stupid about the world isn't that a divorce led to a split in assets, which is something that's been around forever. If we're talking about what people 'deserve', no individual ever deserves this unfathomable level of wealth. No one gets this wealthy without inherent and fundamental issues with our economic system.

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j3DiKNiGHtDAVE

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Edited By j3DiKNiGHtDAVE

@Oogazi said:

@liquiddaylight: Well, marriages are contractual agreements in essence and per our long standing tradition (and legal precedent) she probably 'deserved' even more.

What's stupid about the world isn't that a divorce led to a split in assets, which is something that's been around forever. If we're talking about what people 'deserve', no individual ever deserves this unfathomable level of wealth. No one gets this wealthy without inherent and fundamental issues with our economic system.

Your a F'N moron. Sorry.

Your saying no one deserves this amount of Money?.. I don't care if you inherited the money, or earned every penny, Whats yours is yours, regardless.

If NO ONE deserves this amount of Money, than that would mean a spouse (regardless of sex) deserves this amount of Money in alimony of all things.

Only people that don't got crazy money, say shit like this. If you had 100 Billion dollars, Would YOU feel that YOU shouldn't have this much money?... Would you give away the majority of it, just because you felt you had "too much"? Thats not to say you can't spread the wealth a bit (charities, homeless, hospitals ECT)

No body can ever have too much money, It makes the world go round...

but, to go back to the original discussion... Men/Women, protect what YOU'VE earned. Get a F'N prenup before marriage. It doesn't mean you don't love or care for one another, It just means that as long as your together, THAT person can "enjoy" the ride you take them on, and if the "love" fails (as it can and does), that person who wants to leave, and "get off" the gravy train, can exit "the ride" at any time, but your wallet stays with you. This is fair in both parties (from a legal standpoint) and as long as kids aren't involved, everyone just goes their separate way.

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Oogazi

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@j3diknightdave: Ouch. What I was trying to point to was the irony of talking about what people 'deserve' when talking about the kind of wealth that Jeff Bezos has.

So yes if I was as wealthy as Bezos I wouldn't necessarily think I deserve it. I wouldn't give it away, nor am I advocating for Bezos to just donate it all, but I genuinely would not believe I somehow 'deserved' that much wealth. (Aside from Bezos) most billionaires are not self-made. Wealth is generationally inherited, and for the most part, wealthy people start of with a lot of wealth, and uses that wealth to generate more wealth that outpaces what the vast majority of us can ever achieve.

Most wealthy people or families have the economic mobility to hide their wealth to avoid many taxes that ordinary people pay. I do not need to know anything about your circumstances to know almost for a fact that you (yes, YOU) are paying a higher percentage in taxes on your wealth (and I'm deliberately saying wealth, not income; meaning all of your assets) than Bezos is in his. Obviously Bezos contributes to tax revenue more than you do in 'absolute' value, but you pay more in a % of your own wealth than Bezos does in his....for....a....fact. Billionaires have more lobbying power in our economic system that can continue to mold laws and policies in to their favor. So in a economic system where the game is rigged in the favor of the wealthy - no - the kinds of accumulated wealth that over time that make it easier for wealth to beget more wealth, is only possible because people like you are sold on the idea that our economic system is fair and people earn what they deserve. In a perfect meritocracy that is true, but we do not live in a perfect meritocracy.

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j3DiKNiGHtDAVE

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@Oogazi said:

@j3diknightdave: Ouch. What I was trying to point to was the irony of talking about what people 'deserve' when talking about the kind of wealth that Jeff Bezos has.

So yes if I was as wealthy as Bezos I wouldn't necessarily think I deserve it. I wouldn't give it away, nor am I advocating for Bezos to just donate it all, but I genuinely would not believe I somehow 'deserved' that much wealth. (Aside from Bezos) most billionaires are not self-made. Wealth is generationally inherited, and for the most part, wealthy people start of with a lot of wealth, and uses that wealth to generate more wealth that outpaces what the vast majority of us can ever achieve.

Most wealthy people or families have the economic mobility to hide their wealth to avoid many taxes that ordinary people pay. I do not need to know anything about your circumstances to know almost for a fact that you (yes, YOU) are paying a higher percentage in taxes on your wealth (and I'm deliberately saying wealth, not income; meaning all of your assets) than Bezos is in his. Obviously Bezos contributes to tax revenue more than you do in 'absolute' value, but you pay more in a % of your own wealth than Bezos does in his....for....a....fact. Billionaires have more lobbying power in our economic system that can continue to mold laws and policies in to their favor. So in a economic system where the game is rigged in the favor of the wealthy - no - the kinds of accumulated wealth that over time that make it easier for wealth to beget more wealth, is only possible because people like you are sold on the idea that our economic system is fair and people earn what they deserve. In a perfect meritocracy that is true, but we do not live in a perfect meritocracy.

Sorry for the hostility, you've explained your point better, while i don't agree with a couple things you said, i respect your opinion more now than i did.

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LiquidDaylight

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Edited By LiquidDaylight

@Oogazi: I take your point. My "What a stupid world" comment was also intended to encapsulate the ridiculousness of the individual wealth you mentioned.

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