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Elon Musk becomes world’s richest person

Date: 09 January 2021 Tags: Honours & Awards
  • Elon Musk has overtaken Amazon’s Jeff Bezos to become the world’s richest person, after shares in the electric car company soared.
  • A 4.8% rise in Tesla’s share price was enough to push Musk into the top spot according to the Bloomberg billionaires index, which tracks the daily changes in the fortunes of the world’s 500 wealthiest people.
  • Tesla’s share price has risen by more than sevenfold this year as demand for electric cars soared and governments announced further measures to wean the world off internal combustion engines.
  • Tesla’s value was buoyed by the Democratic victories in Georgia to take control of the US Senate, as it meant the US would probably introduce tax credits for electric vehicles and join the green agenda already set by many European countries.