After four years of Jeff Bezos topping ForbesBillionaires list, there's a new number one.
fter four years of Jeff Bezos toppingestimates that 50-year-old Musk, the CEO of both electric car company Tesla and rocket firm SpaceX, is worth $219 billion — $48 billion more than Bezos, who comes in at number two. Even after selling billions of dollars of Tesla stock late last year, and owing taxes on gains from those sales, Musk is an estimatedBezos’ stint as the world’s richest person was short-lived compared to that of his predecessor, Microsoft’s Bill Gates.
It also took Bezos twice as long as Musk to climb the rankings. After taking Amazon public in May 1997, Bezos debuted on the list in 1998 with a $1.6 billion fortune. Musk’s first appearance onTwo years after his electric car maker went public in 2010, it looked like an IPO for his rocket producer was also imminent.
But Musk owes his status as the world’s richest person to Tesla’s soaring stock price. He owns roughly 21% of the company but has pledged more than half his stake as collateral for loans.estimates his shares and vested options were worth $183 billion as of March 11, even after discounting his stake to take the loans into account.list of the world’s billionaires for a decade, his net worth really took off in the last two years.
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