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Elon Musk now world’s richest man

Republika

Tesla founder Elon Musk has become the world’s richest man, with a fortune of over $188.5 billion, according to Forbes Billionaires List.


This is $1.5 billion more than the declared net worth of Amazon’s big boss Jeff Bezos.


Musk’s wealth skyrocketed from his 20 percent shareholdings in Tesla Inc., the world’s most valuable carmaker in 2020.


Sales of Tesla, which was one of the pioneers in the manufacture of electric cars, experienced a big surge last year due to the growing clamor to cut down of toxic fuel emissions to mitigate climate change.


Although Bezos should have retained his lofty position as world’s richest man weren’t it for his divorce where he agreed to pay his wife a $35-billion settlement.

Photo: Indulge -The New Indian Express


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