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Seth Rotherham
  • Elon Musk’s Reign As World’s Richest Person Was Short And Sweet

    12 Jan 2021 by Jasmine Stone in Business, Elon Musk, Lifestyle, Money
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    [imagesource: Britta Pedersen / Getty Images]

    Elon Musk is now the richest person in the…

    Wait, hold up – nope, now he’s in second.

    Yesterday, Tesla shares fell by around 8%, which knocked a cool $14 billion or so from Musk’s net worth.

    With that drop, Musk fell below Jeff Bezos, and now sits in second place with (at the time of writing) a measly $176,2 billion to his name.

    Bezos is rocking that $182,1 billion fortune.

    More from Forbes on how Musk soared in recent times, before his fall this week:

    Over the course of 2020, Musk received several tranches of options worth billions of dollars each as Tesla hit various market capitalization and EBITDA milestones…

    Musk appears to be eligible for another tranche of 8.44 million options—worth around $6.25 billion as of Monday’s closing price—but Forbes hasn’t yet attributed these options to Musk because the board hasn’t publicly certified them.

    Some other outlets do count that latest tranche as part of his net worth, but we’ll stick with Forbes for now.

    One gets the feeling Musk won’t be too bothered about being bumped into second (at present). This was his reaction on Twitter when he hit the top spot last week:

    Fun fact – in March 2020, Musk was worth around $25 billion, so he’s added around $150 billion since then.

    Forbes has a ‘Real Time Billionaires List’, and here’s what the top four looks like as of 9AM South African time:

    Given that Musk is due another tranche of stock options from Tesla, you’d think he may well be back atop that list shortly.

    I expect the good news will be met with a meme on Twitter, as is his wont.

    [sources:forbes&forbes]

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