Elon Musk Net Worth Now Only $11B Behind Jeff Bezos, Bill Gates Loses Another Billion

Urian B., Tech Times 05 January 2021, 01:01 am

(Photo : Screenshot From Venture City YouTube) Tesla's Elon Musk Net Worth is Now Only $11 Billion Behind the Richest Man in the World Jeff Bezos at $178 Billion: Bill Gates Loses Another Billion

Tesla's Elon Musk is getting richer by the day and as of January 5, just five days into 2021, the billionaire has gotten even richer in just five days. In an earlier report made on the first day of this year, we reported that Elon Musk was only $20 B behind Jeff Bezos. Now, just five days away, the gap is closing it at only $11 billion.

Elon Musk Real-time NetWorth: How Rich is He today?

According to the Bloomberg Billionaires Index, Amazon's Jeff Bezos is worth $186 B while Elon Musk is skyrocketing at $176 B. This significant change was a huge comparison to the one made on January 1, 2021. Jeff Bezos reportedly lost a whopping $3.79 B YTD change while Elon Musk had gained $5.47 B during that period.

The gap between Elon Musk, the second richest man in the world, and Bill Gates, the third richest man in the world has also increased as the once reigning richest man in the world lost yet another $1.11 B YTD change. Bill Gates is currently worth $131 B which is a whopping $44 B difference in comparison to Elon Musk. During the last report, Bill Gates was worth a whopping $38 B less than Elon Musk. The gap has gotten significantly bigger since then.

Who is richer Bill Gates or Elon Musk?

The competition as of the moment seems more between Jeff Bezos and Elon Musk with Bill Gates falling behind the picture. The rapid acceleration of Elon Musk's wealth came along with the surprisingly massive change in value that his company, Tesla, has grown during the course of 2020. Despite the pandemic, the company has reportedly been functioning quite well and is still growing in value.

According to Yahoo Finance, Tesla stock is now worth $729.77 at close (4PM EST). This is a massive increase from the drop that happened last December 31 at 3:15PM when Tesla stock dropped to $698. This is an even bigger increase in comparison to its value at $93.81 last January 1 during the beginning of 2020.

How did Elon Musk get his money?

The rapid increase in Elon Musk's wealth is reportedly due to his 20% share in the company according to the report of CNBC made last August 18, 2020. Due to Tesla stocks performing extremely well and multiplying in value, Elon Musk's wealth has also increased along with the company.

Tesla was even able to outsell its top three EV competitors combined as of 2020 according to an article by Electrek. According to the report, Tesla has a massive 28% market share in the EV industry with Nissan and Volkswagen falling behind at just 10% each by the first half of 2020. Tesla reportedly sold 179,050 cars while Nissan sold 65,521 cars and Volkswagen Group sold 64,542 cars. It still remains to be seen as to when Elon Musk or if Elon Musk would be able to surpass the world's richest man, Jeff Bezos, currently at $186 B.