By Matt Durot
At the top of the Forbes list of the richest people in the world Elon Musk was found for the first time this year dethroning Jeff Bezos. The head of Tesla and SpaceX was worth $ 219 billion on March 11, the date when Forbes “locked” the data on the assets of the world’s crusaders, with the No. 2 in the ranking – Jeff Bezos – falling by $ 48 billion .
It has been 10 years since Musk entered the list of billionaires until he became the richest man in the world. In 2012, two years after Tesla was listed on the Stock Exchange, Musk was listed on the Forbes list for the first time, with an estimated fortune of about $ 2 billion. In particular, it was at No. 634 on the list, including its stake in space technology company SpaceX, with investors valuing it – at the time in question – at $ 1.5 billion.
In the years that followed, Tesla’s stock grew, adding a few billion dollars a year to Musk’s fortune. In 2015 the company started selling the Model X, the model with the characteristic doors like hawk wings. The affordable Model 3 appeared on the market after two years. By 2020 it had become the most popular plug-in electric car in the world. By March 2020, Musk had climbed to No. 31 on the Forbes list, with a fortune of $ 24.6 billion.
Then the Tesla stock rallied. Its price increased eightfold from March 2020 to March 2021, after the company launched new models, accelerated vehicle deliveries exceeding analysts’ expectations, and in December 2020 began trading in the S&P 500. Musk’s value soared by 126 billion dollars – a record increase – to 151 billion dollars and he became the second richest man in the world, behind Bezos.
The last year has been like a “train of terror”: Musk became temporarily the first man worth more than $ 300 billion, when Hertz announced a large order for Tesla in October. Then, and after a poll he posted on Twitter inviting his followers to voteMusk sold Tesla shares worth more than $ 16 billion in two months, paying (as he wrote on Twitter) the largest annual tax in history for an individual. On March 11, Tesla shares had fallen 35% from their highest level in early November 2021, but still kept Musk at the top of the richest people.
In recent days, Musk has defied US Securities and Exchange Commission (SEC) regulations on when he should announce that he now owns 9% of Twitter, has hesitated to join the company, and made an offer for its acquisition suggesting that the company should be made private. It is not ruled out that we will see similar make-up for Tesla shares. For now, however, Musk’s first place on the Forbes list seems secure: in mid-April, his fortune was $ 268.5 billion, surpassing No. 2 Jeff Bezos and No. 3 by about $ 100 billion. Bernard Arnault, while he was more than double the fortune of No. 4 Bill Gates.
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Source: Capital
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