Last November, Elon Musk overtook Bill Gates to become the second richest person in the world, leaving only Jeff Bezos to beat. And in less than 2 months, Musk has surpassed the Amazon founder on the Bloomberg Billionaires Index to snag the top spot, with a net worth of over US$186 billion.
This announcement follows the increase in Tesla’s share price on Thursday, which surged 7.9%, placing the company’s founder at the lead.
In his own way, Musk posted a reply to a Twitter user as his response to the news of his position.
— Elon Musk (@elonmusk) January 7, 2021
He also pinned an old tweet from 2018 to the top of his page, which provides more insight into what he plans to do with all his wealth, stating that he intends for half of it to help the “problems on Earth”, while the other half is meant to “help establish a self-sustaining city on Mars to ensure continuation of life” in the event of Earth becoming an uninhabitable planet.
About half my money is intended to help problems on Earth & half to help establish a self-sustaining city on Mars to ensure continuation of life (of all species) in case Earth gets hit by a meteor like the dinosaurs or WW3 happens & we destroy ourselves
— Elon Musk (@elonmusk) October 12, 2018
His fortune have been buoyed by the US politics, where the Democrats stand to have control over the US Senate in the upcoming session.
“A Blue Senate is very bullish and a potential ‘game changer’ for Tesla and the overall electric vehicle sector, with a more green-driven agenda now certainly in the cards for the next few years,” commented Daniel Ives, an analyst at Wedbush Securities.
He also added that expected electric vehicle tax credits would benefit Tesla, “which continues to have an iron grip on the market today.”
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