Elon Musk net worth: SpaceX CEO now richest person in the world – how much is he worth?
7th January 2021

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Elon Musk is now the richest person in the world after Tesla’s share price surged earlier today. The SpaceX CEO overtook Jeff Bezos who is worth around $184 billion and has been the richest individual on the planet since 2017. Musk has also managed to gain another accolade after zipping to the top of the rich list.

The businessman’s surge in wealth over the past year is the fastest a person has risen to the top of the rich list in history.

At the beginning of last year, Musk was worth around $27billion (£19.91billion).

However, Tesla’s surging share price has added more than $150billion (£110.62billion) to Musk’s net worth.

Back in July, Musk surpassed Warren Buffet – the CEO of Berkshire Hathaway – to become the seventh richest person in the world.

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He then overtook Bill Gates – the co-founder of Microsoft – to become the second richest person on Earth.

How much is Elon Musk worth?

Musk is now worth more than $185million, thanks to Tesla’s increased share price.

Shares for the American electric vehicle company are now worth $790 (£582.57).

The company’s market value has now rocketed to $737.6billion (£543.93billion).

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Last year, the world’s 500 richest people added a record $1.8trillion (£1.33trillion) to their combined net worth.

Musk grew up in South Africa and immigrated to Canada at the age of just 17.

He then attended the University of Pennsylvania in the USA.

He owns 21 percent of Tesla and stepped down as the company’s chairman in 2018.

The billionaire also owns a stake in private aerospace startup SpaceX.

Last year, one of Musk’s homes reportedly went on the market for around $35million (£25.81million), according to CNBC.

The property sat on 47 acres and was located in Hillsborough, California.

In June 2020, he also reportedly told another home he had in Bel Air in Los Angeles.

The 16,000-square-foot property had seven bedrooms and sold for $29million (£21.39million).

According to Wealth-X, Musk still owns several properties in the LA area.

Musk is also a big fan of his cars, having reportedly spent nearly $1million (£74,000) on a 1976 Lotus Esprit sports car.

He also owns a plethora of other cars but has said he mainly drives Teslas on Twitter.

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