Chief Executive Officer, CEO of Electric and self-driving car, Tesla and Aerospace manufacturing company, SpaceX, Elon Musk has become the richest person in the world with a net worth of $185 billion, passing Amazon CEO, Jeff Bezos who held the position since 2017. Musk’s Tesla recorded a surge in its value, reaching a market value of $700billion, making the company worth more than Ford, Hyundai, Toyota, Volkswagen, and General Motors combined. The Entrepreneur’s wealth increased over the past year, seeing his wealth increase from $27 billion in early 2020 and making a dramatic turnaround from Tesla’s rapid cash burn.
Reacting to the news, Musk replied on twitter, saying “How strange”, “Well, back to work...”
An old tweet of Musk resurfaced where he disclosed his intentions for his wealth.
“About half my money is intended to help problems on Earth, and half to help establish a self-sustaining city on Mars to ensure continuation of life (of all species) in case Earth gets hit by a meteor like the dinosaurs or WW3 happens and we destroy ourselves.”
However, some political analysts have speculated that the large wins for democrats, who support the electric car business played a role in the rise of the self-driving company value.