Days after been labelled the richest man in the world with an estimated net worth of $194billion dollars, Tesla Founder, Elon Musk has found himself in a familiar place: the second richest man in the world behind Amazon Founder, Jeff Bezos.
The brief reign at the very top of earth’s richest no doubt made little impressions on the Tesla Founder who tweeted shortly after the
announcement: “How strange, well, back to work.”
Musk lost his number one spot on Monday after Tesla’s stocks fell and chopped off $13.5 billion from his fortune in a day. The shares
according to Forbes estimates fell by nearly 8 percent on Monday
pushing Musk’s total wealth down to $176.2 billion, behind Bezos’
$182.1 billion fortune.
However, despite this misfortune, Musk is still at least $20billion
richer than the world’s third richest man, Bernard Arnault, the CEO of
the French Luxury goods franchise LVMH.
The year 2020 had been a ‘terrible’ year for the world with the Corona
virus pandemic wiping out livelihood and sending country’s economy
into a nosedive but Musk’s fortune has seen an upward spiral with his
wealth growing by a whopping $150 billion in a year.
Tesla delivered nearly 500,000 vehicles in 2020, a situation which saw
it’s stocks rose 740 percent in the year.
Musk is not known to moan over misfortunes, even though he has a small
salary from his companies, his major interests are in the roughly 20
percent stake in Tesla and a 48 percent stake in aerospace company,
SpaceX and a 58 million vested stock options according to Bloomberg.
But the Tesla founder believes the year 2021 will be a good year for
Tesla. On Sunday, he tweeted: “My 14-year-old son, Saxon said he feels
like 2021 will be a good year. I agree. Let us all make it so.”