Elon Musk Passes Jeff Bezos To Become Richest Man in the World | 22 Words

Big news is just in regarding Elon Musk's race to becoming the richest man in the world...

According to recent reports, the eccentric entrepreneur has officially surpassed the wealth of Amazon CEO, Jeff Bezos.

As stock prices jumped last year, Tesla's value soared yet again - ultimately positioning Musk in a very handsome financial position. Here's the full story...

Now, we all know that Musk is already a very wealthy man.

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Being the founder, CEO, and Chief Engineering Designer of not only Tesla but SpaceX too, he has an awful lot going for him.

Tesla is known for its state of the art engineering...

And the company has unveiled some very impressive vehicles during Musk's time as CEO.

Though it is worth noting that Tesla had a little bit of an accident in 2019.

Who doesn't remember the infamous Cybertruck disaster?

When unveiling the brand-new Cybertruck, Musk claimed that the automobile was unbreakable.

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So confident in the shatterproof design, he asked Tesla design chief Franz von Holshausen to throw a steel ball at the Cybertrucks window.

Maybe he threw it "a little hard"...

The ball completely shattered the Cybertrucks supposedly shatterproof glass, ultimately making Musk look like a bit of an idiot.

"It worked in rehearsals..."

After the fail during the presentation, Musk tweeted a video made earlier, when they had successfully practiced the stunt.

Obviously, this didn't dent Musk's confidence too much...

Because, quite frankly, this guy is so rich he can do whatever he very well wants to.

And he certainly wasn't finished with the Cybertruck.

Shortly afterward, Tesla unveiled its Tesla Roadster sports car for the first time at the European Grand Basel motor show last year.

So, it doesn't take a genuis to see that Tesla is worth a lot of money...

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And I mean a lot.

So, of course, it's earned Musk a handsome sum over the last few years...

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With the CEO holding a net worth of $165.4 billion as of last year, according to Forbes.

Quite the achievement, I know!

Musk passed Facebook founder and CEO, Mark Zuckerberg, in the world's richest list after Tesla was selected to join the S&P 500, a stock market index that measures the performance of 500 large companies listed on the U.S stock exchange, at the end of last year.

This means that Musk was then left with only 2 men to compete with financially...

Bill Gates and Jeff Bezos.

But it was quickly realized that he didn't need a lot to surpass Microsoft's co-founder for second place.

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The statistics show that Musk only needed another $8 billion to knock Gates out of 2nd place. Just a reminder, $8 billion to guys like these is literally nothing.

And well, that was easy.

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Not even one week after Tesla's induction to the prestigious S&P 500, Musk's net worth soared to $127.9 billion, while Gates' lagged behind.

Last year alone, his fortune grew by $100.3 billion.

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Experts say it was a result of Tesla's share price rising, which he owns a twenty percent stake of.

However, there was one man who even Musk couldn't beat...

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Amazon's CEO, Jeff Bezos.

Well, until now, that is.

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Musk's net worth has reportedly soared to a staggering $188 billion, according to Bloomberg’s Billionaires Index.

The stock price of Tesla jumped 4.9 percent this week...

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An increase that comes just days after finishing the first trading session of the year where they saw an increase of 3.4 percent.

Jeff Bezos who, until today, was the world's wealthiest man, has a net worth standing at $187 billion.

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That says it all, doesn't it?

And as for Musk's response?

Well, he simply tweeted, "how strange."

He then followed up with:

"Well, back to work..."

Congratulations, Elon Musk!

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Let's hope he plans to spend his wealth a little more compassionately than his predecessor... For more on these insanely wealthy people, scroll on...