Elon Musk overtakes Jeff Bezos to become world’s richest person again
- In the past one-week, the CEO of one of the world's most valuable carmaker has gained around $13 billion in net worth.
Tesla's CEO Elon Musk, with a net worth of $213 billion has pipped Amazon's Jeff Bezos to become world's richest person again, according to Bloomberg Billionaires Index.
In the past one-week the Tesla founder has gained around $13 billion in net worth as the share price of electric vehicle maker surged .
The Bloomberg Billionaires Index is a daily ranking of the world’s richest people.
Tesla's shares have been trading lower today by 1.4% at $780.7 on Nasdaq as tech stocks took a pounding on rising US bond yields. Meanwhile, Amazon's stock has fallen over 3%, trading at $3,297.47 on Nasdaq.
Tech-heavy Nasdaq on Tuesday fell over 2%, the most among Wall Street indexes as technology stocks came under pressure.
According to the real-time data of Bloomberg index, Jeff Bezos has a net worth of $197 billion, followed by Bernard Arnault, the chairman of Louis Vuitton (LVMH) with a net worth of $160 billion. Facebook chief Mark Zuckerberg and Bill Gates take fourth and fifth places in the index with a net worth of $132 billion and $128 billion respectively.
Tesla, which is the world's most valuable carmaker market cap of more than $792 billion. The Palo Alto, California-based company sells sedans, sport utility vehicles, and is the state's largest automotive employer. Musk is also the chief executive of SpaceX, a rocket manufacturer tapped by NASA to resupply the space station.
Musk owns about 20% of Tesla, according to an August 2021 regulatory filing. Part of his holdings are used as collateral for personal obligations. A December 2020 filing shows he has roughly $500 million of loans outstanding from three US banks.
SpaceX is valued using an February 2021 funding round that valued the company at $74 billion. A Nov. 15, 2016, filing with the Federal Communications Commission showed Musk owned 54% of the closely held company through a trust.
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First Published:28 Sep 2021, 10:35 PM IST
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