Palo Alto’s Tesla Chief Musk leaves behind Bezos to become the world’s richest person



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Palo Alto’s Tesla Chief Musk leaves behind Bezos to become the world’s richest person

Tesla Inc. Chief Elon Musk, the South Africa-borne American billionaire entrepreneur who had been brutally bullied throughout his childhood and once was injured heavily after having been thrown away from school-stairs, had outdone Amazon’s Jeff Bezos to become the world’s richest man to-date on Thursday, a Bloomberg News report published on midday US trading hour had revealed.

On top of that, the Bloomberg News report had added that the Tesla Inc. boss, Elon Musk’s net asset soared to a whopping $188.5 billion including Thursday’s gains in Tesla shares on midday US trading hours, $1.5 billion higher than the Seattle-based world’s largest online retailer Amazon.com Inc boss Jeff Bezos, as the Chief of the world’s most valuable carmaker has been holding a 20 per cent stake in Tesla Inc.

and has about $42 billion worth of on-paper gains on vested stock options, the Bloomberg News report said citing US SEC (Securities and Exchange Commission) data. However, the Forbes billionaire list had quoted saying in a report that Musk had been still trailing Amazon.com Inc.’s Bezos by $7.8 billion citing its variances in calculating net asset.

Nonetheless, during preparation of the report on late-afternoon US trading, GMT. 19.00, Tesla Inc. shares were trading as much as 7.4 per cent higher to an all-time high of $811.61. Tesla Inc. stocks went for a five-to-one stock split later last year, weeks before its inclusion into S&P 500 Index, aimed at making them more affordable to common traders.

Musk becomes the world’s richest man to-date

In factuality, personal fortune of Tesla boss Elon Musk, who was borne of a S. African mother and an American father and had passed his Childhood in S. Africa but migrated in early-ages and became a pioneer in American tech industry following a voluntarily departure from a PhD program in energy physics in Stanford University just two days after joining back in the 1995s, had largely been in line with a meteoric rise of Tesla Inc.

shares’ prices last year, while the e-vehicle manufacturer’s stocks had witnessed an eight-fold upsurge in valuations last year. Musk, who co-founded the electronic payment giant PayPal Holdings Inc. and sold his stakes later, now has been leading a number of futuristic projects including a space venture named SpaceX which is expected to start off a commercial space travel business as early as by 2025.