Elon Musk was on the pandemics create 3 digit billionaires side of 2020 and has dethroned Amazon’s Jeff Bezos to become the richest man in the world. While the covid-19 crisis and social distancing directives created an unprecedented influx in online shopping the shipping craze came up fiscally short to the automakers. The South African entrepreneur began 2020 with a $27 billion net worth but assumed the richest person spot on Thursday when his accumulated wealth surpassed Bezos to total $185 billion. That donned the Tesla owner as the fastest person to attain the worlds richest mark in recorded history. Tesla’s profits were up 8% for the year at $816 per share (with a $760 billion market value) when Wall Street closed on Thursday. Billionaire investor Chamath Palihapitiya instructed investors “not to sell a share” while talking with CNBC cautioning short sellers that the stock has the potential to triple. A result that would make Elon Musk the worlds first trillionaire. Are you heading to Robinhood in the morning?
BY: BEWITTY Staff