Elon Musk is set to overtake Jeff Bezos as the richest person in the world



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Bloomberg’s real-time billionaire tracker now has the two multi-billionaires within $ 3 billion of each other, with Bezos at $ 184 billion and Musk at $ 181 billion. Bill Gates is now a distant third at $ 132 billion, according to Bloomberg.
Another gain in You’re here (TSLA) The stocks increased Musk’s net worth by $ 4.1 billion to $ 165.4 billion, according to Forbes calculations. But Forbes does not appear to give Musk credit for the value of the options he received in 2020 to buy an additional 33.6 million shares of Tesla.

Musk is also the largest shareholder in SpaceX, another company he is CEO of, although SpaceX is privately held, so its value doesn’t fluctuate as much as Tesla’s value.

Bezos’ stake in Amazon shares increased by $ 75 billion in 2020, to $ 173.3 billion, given the huge increase in sales brought about by the Covid-19 pandemic.

But that was nothing compared to Musk’s holdings in Tesla. The 170 million Tesla shares he already owns rose by $ 106 billion in 2020, as shares soared 743% during the year.
The value of his stock options he held at the start of the year increased by $ 14.2 billion, while the new options he received during the year under of his compensation package were worth $ 21.5 billion at the end of the year.
Musk nabbed Gates for the title of second richest person in the world in late November, but Tesla shares have risen 45% since then, boosting Musk’s net worth by $ 53 billion in the past two months.
Tesla's short sellers lost $ 40 billion in 2020. Elon Musk made more than triple that

Tesla shares have got off to a good start in 2021, rising an additional $ 50.31 per share, or 7%, since the start of this year. This increased Musk’s holdings and options on Tesla by an additional $ 11 billion this year. Meanwhile, Amazon stock has lost almost 4% of its value.

Musk is expected to qualify for options to purchase an additional 16.9 million Tesla shares early this year, according to documents filed by the company. These options would be worth $ 11.6 billion at the current value of the shares, after taking into account the exercise price.

Bezos has no options on Amazon shares, only the 53.2 million shares he owns as the founder of the company. He would have had more if he hadn’t given 19.7 million shares to his ex-wife, MacKenzie Scott, during his divorce. Bezos has also sold or donated shares as part of his charitable donations. Musk has never sold Tesla shares.

It’s not just Bezos that Musk is about to grab. ExxonMobil, America’s most valuable oil company, has a market value of $ 188.6 billion. Musk, who is the leading advocate for the switch from gasoline and diesel drivers to electric vehicles, is worth almost as much as one of America’s biggest oil companies.

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