2021 has been touted as a year of change.
And as far the pecking order of global wealth goes, the new year has already delivered. Just six days in, Elon Musk had already lapped Jeff Bezos to become the world’s richest person in 2021 with a personal net worth of $188 billion.
How did this happen so fast?
Since the stock market bottom in March 2020, Tesla shares have skyrocketed by 1,030% to $816 per share. Elon Musk happens to own about 241 million of those shares, putting his wealth accumulation into overdrive in a short period of time.
Pedal to the Medal
The boom in wealth has been so prolific for Musk that he’s left other billionaires in the dust.
One year ago, he wouldn’t have cracked the top 20 list—but with a surge in wealth of 548% since a year ago, he now sits at the top of the heat as the world’s richest person.
|Rank||Billionaire||Wealth (Jan 6, 2021)||One-Year Change|
|#1||🇺🇸 Elon Musk||$188 billion||548%|
|#2||🇺🇸 Jeff Bezos||$184 billion||57%|
|#3||🇺🇸 Bill Gates||$132 billion||45%|
|#4||🇫🇷 Bernard Arnault||$114 billion||8%|
|#5||🇺🇸 Mark Zuckerberg||$100 billion||23%|
|#6||🇨🇳 Zhong Shanshan||$93 billion||n/a|
|#7||🇺🇸 Warren Buffett||$87 billion||-2%|
|#8||🇺🇸 Larry Page||$82 billion||22%|
|#9||🇺🇸 Sergey Brin||$79 billion||22%|
|#10||🇺🇸 Larry Ellison||$79 billion||32%|
Is this a temporary bump, or will Elon Musk stay atop the world’s richest person rankings for the rest of 2021?
Really, it all depends on Tesla’s stock price performance—and those that have bet against Tesla in recent years don’t have a great track record to lean on.
That said, price swings can happen in either direction, and if Tesla’s stock finds itself coming down to Earth, it’s possible that Musk’s ranking in the billionaire pecking order could tumble down with it.
>> Liked this? See how Elon Musk built his empire