Elon Musk wealth has skyrocketed to a whopping £167 billion, which converts roughly to about $230 billion.
The worth of Elon Musk has increased to an astonishing $230 billion (£167 billion). As a result, his lead over Amazon CEO Jeff Bezos has stretched, making him the world’s richest man.
Musk’s personal fortune increased after a share sale of his Aerospace company, SpaceX. Aside from that, the Tesla stock’s strong performance played a vital role in increasing his personal wealth, according to a report from DailyStar.
Bezos became the richest man in the world following a surge at Amazon amid the coronavirus pandemic. His net worth had increased to $191 billion (£139 billion) at the time.
However, Musk has now dethroned Bezos and taken away his world’s richest person title. In fact, the 50-year-old business magnate is now richer than Warren Buffett and Bill Gates combined.
Earlier this year, the SpaceX chief executive announced that he will be giving away $150 million (£109 million). Out of the total amount, he pledged to give away a $100 million (£72 million) prize to the winner of a carbon removal contest.
His wealth increased by nearly $60 billion (£43 billion) in the meantime. As a response to the news of his increasing lead over Bezos, the Tesla founder recently tweeted a silver medal emoji at the Amazon founder.
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— Elon Musk (@elonmusk) October 11, 2021
When he was 17, Musk moved to Canada and then on to California. He grew up in South Africa. He established software and banking companies in the United States, one of which merged to become PayPal. In the 2000s, Musk founded SpaceX and Tesla Motors.
