Elon Musk is now the richest person in the world

Jeff Bezos, founder of Amazon (AMZN), follows Musk with a net worth of $ 191.6 billion. Musk tweeted a second-place medal to Bezos earlier today.

Thanks to both Musk’s Tesla shares and his controlling stake in private company SpaceX, where he is CEO, Musk has amassed vast wealth.

Musk has earned $ 8.6 billion since Friday’s close and more than $ 52 billion since the start of the year, according to the Bloomberg Billionaires Index.

You’re here (TSLA) stocks are also climbing, as they recover from a difficult year. They are up 13% since the start of the year, far less than its 743% gain in 2020. This is still a marked improvement from their 22% drop for the year in May.
Musk received $ 0 salary in 2020, according to a company file, but he received stock options during the year that are now worth $ 22 billion. And these options are worth much more because of the rise in stock prices.
Musk and Bezos – the two richest men on the planet – are involved in a billionaire space race. Even before launching the first space tourism mission on Inspiration4 in September, Musk’s SpaceX won massive military contracts with NASA and the United States and flew the most powerful rocket in operation.
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Bezos, who founded Blue Origin in 2000, and billionaire Virgin-brands owner Richard Branson, both traveled to space last summer.

A June report from ProPublica found that some billionaires, including Elon Musk, Bill Gates and Jeff Bezos, are paying minimum income tax compared to the vast majority of Americans, despite their immense wealth. Nothing disclosed in the report was illegal.
Meanwhile, the US economy is still recovering from the Covid-19 recession. Median household income fell 2.9% in 2020 to $ 67,521, the first statistically significant drop since 2011. September’s jobs report marked the second consecutive month in which the economy has created much. fewer jobs than expected.

CNN’s Chris Isidore and Matt Egan contributed to this report.

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