Elon Musk Is Now the Richest Person in the World

Elon Musk, the boss of Tesla, is the latest richest person in the world. He overtook Amazon’s Jeff Bezos after his electric car company’s shares rose since it became clear that the US would be shifting towards green energy in the near future.

The Numbers

Just under two months ago, Musk surpassed Microsoft founder Bill Gates to become the second-richest person in the world. Then on Wednesday he also climbed above Jeff Bezos who had occupied the top spot since October 2007. Elon Musk’s net worth is estimated at a whopping $186bn, which is $1.5bn more than Bezos is worth.


Musk founded Tesla 17 years ago and currently owns 20% of Tesla’s shares. He also owns the rocketship company SpaceX which transports astronauts to the International Space Station in a deal with NASA. Tesla’s market value exceeded $700bn for the first time this week while the company recently joined the S&P 500 index of the US’s biggest companies. The exponential rise in Tesla’s share price is attributed to the increased demand for electric cars due to the government’s drive to encourage cleaner energy.

For the Greater Good

Elon Musk responded to the news of his new status in an understated manner, tweeting “how strange” and later “well, back to work…”


He has said that he intends to invest half his fortune towards “helping problems on Earth” while the other half would be used “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.”


He also suggested that the reason why he wants so much money was “not what you think.” Going further, he stated that he does not own “vacation homes or yachts or anything like that” and that he, in fact, has “very little time for recreation.”

How to choose your web hosting provider?

It is essential to use a web host if you want to create your website. However, given the large number of web hosts available on the market, it can be quite difficult to choose the right hosting. How to choose your web hosting? Localization It is important to choose the right location for your hostin... See more

What precautions should I take to avoid coronavirus?

Appeared in December 2019, the coronavirus caused thousands of deaths worldwide in less than a year. Although the virus is highly contagious, it is possible to avoid contracting it. Here are 5 ways to avoid contracting the virus. Stay at home The best way to avoid the virus is to stay home. Indeed,... See more

Why discover Lithuania?

Like Estonia and Latvia, Lithuania is a country on the Baltic Sea. This small country, still little known abroad, nevertheless deserves to be fully visited. Here are five reasons that will push you to travel to Lithuania. Discover one of the most beautiful capitals in the world Lithuania is endowed... See more

Solar power stations in space: An alternative source of energy?

Scientists have been searching for means to get a better source of power. These substitutes should be cheaper and more efficient than solar and nuclear. Some have suggested space shuttles distributing solar energy to Earth. Power stations producing energy, a viable option Although it might sound lik... See more

Rashford Crowned World’s Most Valuable Player

Manchester United player Marcus Rashford has been crowned the most valuable player in the world, replacing PSG star Kylian Mbappe.   The list which was compiled by CIES Football Observatory sees Rashford at the top, with a worth of £150.1m. How It’s Calculated With seven out of the top ten most... See more

Radical cleric linked to 2002 Bali bombings has been freed

Abu Bakar Ba’asyir, the radical Muslim cleric linked to the 2002 Bali bombings has been freed. He was picked up by his family members from a jail outside Indonesia’s capital Jakarta early on Friday.   The 82-year-old is the former head of Jemaah Islamiah, an al-Qaeda-inspired group that led the... See more

Covid-19 drugs that could limit fatalities were discovered

Medications that could cut about 25% off deaths have been discovered by medical experts. This happened after a series of clinical trials that showed the potency of these drugs. Two new drugs could reduce COVID-19 fatalities This was put forward by health researchers who have had trials in NHS clinic... See more