Elon Musk Becomes World’s Richest Man

While the electric car must live its peak in 2021 according to investors, Elon Musk, has also dethroned Jeff Bezos, another giant of the Internet, in the ranking of the world’s great fortunes.

For the first time, Tesla’s market capitalization surpassed $ 800 billion on Friday, putting the electric car maker ahead of Facebook in terms of heavyweights on Wall Street.

During the eleventh session in a row, the title Tesla pranced on the New York Stock Exchange, gaining nearly 8% in the morning, after having advanced by almost as much the day before.

While the stock is worth more than $ 800 a unit, the group was worth $ 826 billion against $ 752 billion for Facebook, according to figures from the Bloomberg agency.

The 5th largest capitalization in the world
The largest capitalization on the New York Stock Exchange today is that of Apple, which is worth $ 2.206 billion, and is followed by Microsoft (1.648 billion), Amazon (1.586 billion), Alphabet / Google (1.200 billion ) and now from Tesla.

The electric vehicle maker’s title push made its boss Elon Musk the richest man in the world on Thursday ahead of Amazon founder Jeff Bezos.

In mid-December, the group experienced its stock market recognition by joining the prestigious S&P 500 index, bringing together the 500 largest companies listed in the United States.

By joining the S&P 500, Tesla shares were systematically included in listed index funds (exchange-traded funds or ETFs), which passively follow the fluctuations of the index, which further boosted the stock.

However, the group’s sales remain far from traditional manufacturers: Tesla only sold 499,550 cars in 2020, far for example from Volkswagen and its 11 million vehicles sold in 2019.

“How strange ..”, reacted the wealthy and whimsical boss of Tesla Thursday on Twitter when he learned to be classified the richest man on the planet. “Let’s go back to work …”.

Elon Musk, the richest man in the world
Elon Musk, 49, rose to the rank of the richest man in the world on Thursday thanks to the soaring stock market shares, ahead of Jeff Bezos. Also at the head of SpaceX, he controls 18% of the shares of the high-end car manufacturer, which brings his fortune to more than 188 billion dollars, according to calculations by the Bloomberg agency which maintains a ranking of billionaires.


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