This Is Elon Musk’s Net Worth By The End of 2021

KEY POINTS

Musk dethroned Amazon founder Jeff Bezos from the world’s richest spot
Bezos was only the third richest with a net worth of $196.5 billion
Within two years, Musk’s fortune jumped by $200 billion

This year has been a good one for Elon Musk, chief executive of both Tesla and rocket company SpaceX, as he remains the wealthiest in the world.

At the beginning of 2021, Musk dethroned Amazon founder Jeff Bezos, the world's richest since 2017. Nearly a year later, Musk’s fortune has reached unfathomable heights.

Musk had a net worth of $185 billion back in January. And for the month of December, his net worth was at $278.9 billion, according to Forbes’ Real-Time Billionaires List.

Musk was over $78 billion richer than LVMH founder Bernard Arnault and his family, who placed second on the list, with a net worth of $200.3 billion.

Bezos was only in third place with his staggering net worth of $196.5 billion.

Microsoft Corporation founder Bill Gates secured the fourth spot with his $138.7 billion net worth, while Google founder Larry Page occupied the fifth spot with $124.9 billion.

Facebook founder Mark Zuckerberg was 6th with his net worth of $123.8 billion. He was followed by Oracle Corporation founder Larry Ellison with $121.7 billion, Google creator Sergey Brin with $120.4 billion, and Berkshire Hathaway chairman Warren Buffett with $108.3 billion.

Ex- Microsoft CEO Steve Ballmer completed the top ten with his $107.2 billion net worth.

Musk’s fortune jumped by $200 billion within two years, as per Forbes.

For 2020, he gained more than $110 billion, setting the record for the biggest one-year gain of any billionaire Forbes has ever tracked. For the year 2021, Musk gained over $90 billion.

In November, the entrepreneur became the first person with more than $300 billion to his name.

Musk made his money differently than most of today’s billionaires, as he made risky investments, instead of low-risk ones, according to Time.

Tesla’s stock price kept climbing. Just this week, Musk sold another 934,090 shares or about $1.02 billion worth of his holdings, as indicated by a CNBC report.

Musk has been selling shares since Nov. 8 to pay the massive tax bill amounting to at least $11 billion.