NewStats: 3,261,299 , 8,173,643 topics. Date: Wednesday, 28 May 2025 at 07:24 PM 46q1x

Elon Musk, the outspoken entrepreneur behind Tesla Inc. and SpaceX, is now the richest person on the planet.

A 4.8% rally in the electric carmaker’s share price Thursday boosted Musk past Amazon.com Inc. founder Jeff Bezos on the Bloomberg Billionaires Index, a ranking of the world’s 500 wealthiest people.

The South Africa-born engineer’s net worth was $188.5 billion at 10:15 a.m. in New York, $1.5 billion more than Bezos, who has held the top spot since October 2017. As chief executive officer of Space Exploration Technologies Corp., or SpaceX, Musk is also a rival to Bezos, owner of Blue Origin LLC, in the private space race.

The milestone caps an extraordinary 12 months for Musk. Over the past year his net worth soared by more than $150 billion in possibly the fastest bout of wealth creation in history. Fueling his rise was an unprecedented rally in Tesla’s share price, which surged 743% last year on the back of consistent profits, inclusion in the S&P 500 Index and enthusiasm from Wall Street and retail investors alike.

Bezos would still hold a wide lead over Musk had it not been for his divorce, which saw him cede about a quarter of his Amazon stake to his ex-wife, MacKenzie Scott, and his philanthropy. He donated shares worth about $680 million in November.

https://www.bloomberg.com/news/articles/2021-01-06/musk-close-to-suring-bezos-as-world-s-richest-person?srnd=-africaq

Hmmmmm

Congratulations

Elon Musk produces electric cars and high powered batteries called Tesla Power Wall with 20 years warranty.
The reality is that Elon Musk is making the oil which we are still spending billions to search for in the North to become useless.
Some gas and coal power plants in UK are on the verge of shutting down because many homes can now generate their own power and even sell excess back to the grid using Power Wall and solar.

Countries like UAE and Saudi Arabia seeing the 'danger' posed by Tesla are developing futuristic models to diversify from oil which may not rebound as demand remains low coupled with the impact of Covid19.

Nigeria which failed to plan is now in a tight corner, UK and in 2019 have already declared a 10 year deadline to phase out all petrol and diesel cars. This was what happened to coal driven locomotives years back when oil and gas was discovered.

Nigeria seeing Elon Musk gradually taking down our sole source of revenue resorted to taking loans from China, IMF, world bank, Brazil and babiya Allahring for help from every corner of the earth in taking care of either insecurity or Covid19.

Now that we have over borrowed and the likelihood of repayment from oil is now slimmer and our creditors are no longer ready to grant us more loans we are resorting to stealing people's money that are dormant in the banks to pay civil servants salaries instead of looking for the owners of the deposits and dividends

How are these guys doing this thing self, because man pikin don hustle ooo, still we never break any record, abi their own hustle carry tag from heaven come?

Are you single handsome?

The milestone caps an extraordinary 12 months for Musk. Over the past year his net worth soared by more than $150 billion in possibly the fastest bout of wealth creation in history. Fueling his rise was an unprecedented rally in Tesla’s share price, which surged 743% last year on the back of consistent profits, inclusion in the S&P 500 Index and enthusiasm from Wall Street and retail investors alike.

Even though I pray to get my money, I don't envy him and I don't pray for money like this or start saying “God when” when we fully know that he worked so hard to get there and he has a price to pay for it. I just want to be comfortable, live a good and holy life and die before 70 or at least 70. Too much stress will not kill a man.

Congrats, Musk, my brother! But when you go pump Dogecoin hard? We are waiting o.. Bitcoin and Ethereum already making us smile.. Biko come and pump your favorite Dogecoin hard make we pop champagne!

God bless Nigeria.

Okay

No much difference. Bezoz will still bounce back soonest

but not as rich as davido's dad and dangote..

I think he should suspend his space exploration projects
and invest the money in Africa....
that will be a big plus to him....

My guy

Not surprised


I see it coming

Tech is taking over

Dangote would have gone very far if he'd invested in tech...Tho Nigeria isn't promising when it comes to tech compared to advanced countries

Good for you elon musk

a red piller

meanwhile, simps keep losing billions to vagina people all in the name of scam called marriage

this 2021 i'm chasing only one thing..

If people still think Oil is important, or fail to realise we are drowning with our over reliance on Oil, 1 man with his electric vehicle company can fund Nigeria's federal budget for 6 years with all our Oil.

His wealth is mostly an illusion. All these wealth based on shares are not really realistic.



Can't be compared with Mansa Musa, whose wealth was described as indescribable.

Good for him

TESLA himself.
I knew he would get to this point.
But never knew it would be this FAST.
OWNER of the Fastest Rising Car in the World.
D MAN who has finally killed the crude oil communities

If he can get SpaceEx to be more viable and venture into asteroid mining and interplanetary colonization, he could be the world's first Trillionaire..

Well deserved!

I bought some Tesla Stocks and didn't regret it!

That SpaceX initiative will give him more crazy money in future as the wealthy would patronize him for a journey to Mars

M

Solving societal problem is the real cash.

Ok

This guy

Awesome!
The world belongs to the real hustlers... the thinkers!

What's tha business?

The billionaire laugh!

Same way Ned Nwoko laughs and some politicians with billions in their coffers.


But a frustrated poor Nigerian, many which full Nairaland, are always angry.

Wow. my favorite entrepreneur.

hope to be like you someday.