Elon Musk expanded his lead as the richest man on earth

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Jeff Bezos, founder Amazon (Amazon)Immediately after Musk, the net worth is 191.6 billion US dollars. Musk posted Bezos’ second place medal on Twitter earlier today.

Thanks to Musk’s Tesla shares and his privately held majority stake in SpaceX, Musk has accumulated huge wealth in the company as CEO.

The Bloomberg Billionaires Index shows that Musk has gained $8.6 billion in gains since the close on Friday, and has exceeded $52 billion so far this year.

Tesla (Tesla) As the stock price recovers from a turbulent year, the stock price is also climbing. Year-to-date, they have risen by 13%, far below the 2020 increase of 743%. However, this is a big improvement from the 22% decline in May for the whole year.
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According to a company document, Musk’s salary in 2020 was $0, but he did get stock options worth $22 billion this year. As the stock price rises, the value of these options is much higher.
Musk and Bezos-the two richest people on earth-are involved in a billionaire space race. Even before launching the first space tourism mission on Inspiration4 in September, Musk’s SpaceX won a large number of contracts between NASA and the US military and launched the most powerful rocket.
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Bezos, who founded Blue Origin in 2000, and billionaire Virgin-brands owner Richard Branson both went to space last summer.

A report by ProPublica in June found that, compared with the vast majority of Americans, some billionaires, including Elon Musk, Bill Gates, and Jeff Bezos, despite having huge wealth, pay The income tax is very small. Nothing disclosed in the report is illegal.
At the same time, the US economy is still recovering from the Covid-19 recession. In 2020, the median household income fell by 2.9% to US$67,521, which is the first statistically significant decline since 2011. The September employment report marked the second consecutive month that the economy added jobs far below expectations.

Chris Isidore and Matt Egan of CNN contributed to this report.

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