743% surge last year… This year also closed for 4 consecutive days
Amazon’s share price slows due to concerns over regulatory tightening
Elon Musk, CEO of Tesla./Photo = REUTERS
Tesla’s founder, Elon Mask, surpassed Bezos, Warren Buffett, and Bill Gates to become the world’s richest man due to a surge in stock prices.
Bloomberg News reported that, as of 10:15 am on the 7th (local time), the CEO of Musk had a net worth of $188.5 billion (about 206 trillion won), leading Amazon CEO Jeff Bezos to $1.5 billion (about 1.6 trillion won). It is reported that it has surpassed the world’s richest people.
This is the first time Bezos, who ranked #1 on the Bloomberg Billionaires Index in October 2017, has given up this position.
On the other hand, Musk ranked in the 50th place with a net worth of 27 billion dollars (about 29.5 trillion won) at the beginning of last year.
Musk’s ranking in the world’s richest rankings is because of the soaring stock price. Tesla’s share price soared 743% over the past year, and the surge continued this year.
On the 4th, the opening day of the U.S. stock market, Tesla recorded a record high of $743.74. On the 5th, it closed at $735.11 on the 5th, at $755.98 on the 6th, and at $816.04 on the 7th.
Jeff Bezos Amazon Founder and Chief Executive Officer. Photo = AP
Bloomberg explained that Musk’s net worth last year rose more than $150 billion (about 164 trillion won), the fastest in history.
In the wake of such a surge in stock prices, Musk surpassed Warren Buffett, the’investment guru’ in July of last year, and ranked seventh in the world. Then, in November, Bill Gates beat Microsoft’s founder and ranked second.
Musk, which owns a 20% stake in Tesla, also has unrealized book profits through stock options reaching $42 billion (about 46 trillion won). There are few other assets.
Unlike Tesla’s soaring stock price, Amazon’s stock price slowed, and Bezos, who had previously held the top spot, allowed Musk to pursue. This is because there is an expectation that the Democratic Party will wipe out the Washington government price and the regulation will be strengthened from the new year.
Meanwhile, Bloomberg pointed out that Tesla’s share price is far from earnings. This is because only 500,000 electric vehicles were produced in the past year. At the same time, it is expected that the Democratic Party’s administration and parliament will give power to the electric car era.
Reporter Lee Mi-kyung, Hankyung.com [email protected]
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