Elon Musk’s Net Worth Is Skyrocketing, Will He Dethrone Jeff Bezos One Day?

UTC by Jeff Fawkes · 2 min read
Elon Musk’s Net Worth Is Skyrocketing, Will He Dethrone Jeff Bezos One Day?
Photo: Thomas Hawk / Flickr

Tesla (TSLA) stock has hit a new record and gone up 20%, reaching the market price of $780. Such achievements have a positive impact on Elon Musk’s net worth.

Elon Musk‘s net worth is growing faster than you think. This is Tesla’s biggest result compared to previous years since the outstanding records from 2013. Jeff Bezos is the richest man in the world, but Elon Musk is going to the top wealthy group with amazing 2020 net worth kick-off. During the last week itself, the shares got +86%, making Tesla one of the companies untouched by the overall crisis and Chinese coronavirus awareness.

The Panasonic corporation supplying batteries to the Tesla car plants said that the recent price action could be a result of increasing profits of the company during Q4, 2020.

Since October, the stocks were constantly on heat, warmed up by different news from the car manufacturer. Moreover, Musk will distribute a massive amount of money among local stakeholders. All because of the $100 billion thresholds unlocked last month, and he also promised a new extended payout once the TSLA market price reaches $150 billion. This is 10 billion away because now Tesla’s worth is 140.6 billion and growing.

‘I’m Doing This Not For Salary’

While having a net worth of 41 billion, Elon receives minimum wage under the California law. And he never accepts it. The personal net worth of Elon is a part of the top 500 richest person’s overall money pile, with Musk biting out almost 0.7% for himself.

Look like when a man is following his dream, he doesn’t need a carrot in front of the face to run like a rabbit and achieve results. Considering that Musk did put all of his last money to pump up the development of the world-famous electric cars, solar batteries for home and even spaceships, it is no wonder he doesn’t think about ‘salary’.

Elon Musk started the new year being a 48 years old billionaire, having a no. 35 position in the list of richest businessmen on the planet. Now, he’s already on a 22 place, which is a big jump even for a person of his attitude.

The researches predict that Elon Musk will enlarge his net worth to over 50 billion in case he’ll reach all the targets set up for the year 2020. Considering that the entrepreneur always gets what he wants, this probably sounds like a pretty easy deal for him.

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Jeff Fawkes
Author Jeff Fawkes

Jeff Fawkes is a seasoned investment professional and a crypto analyst. He has a dual degree in Business Administration and Creative Writing and is passionate when it comes to how technology impacts our society.

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