Forbes: Elon Musk Is Now The Richest Man In The World! After Buying Twitter Shares

The name Elon Musk is always in the news. Due to the tremendous technological improvements his companies have made in the world, Elon Musk, the brilliant mind behind Tesla and SpaceX, has been trending recently. They’re even establishing new industry trends. Elon Musk is undoubtedly one of the most prominent personalities of our day, and according to Forbes, he is now the world’s richest man.

Elon Musk leaves Jeff Bezos behind

Elon Musk has just overtaken Amazon Founder Jeff Bezos to become the world’s richest person, according to the yearly list. This is the first time in four years that Jeff Bezos has been bumped from the top rank. According to Forbes, Musk’s net worth was projected to be $219 billion on March 11th, when the Forbes list of world billionaires was finalised. Elon Musk’s fortune has grown by roughly $68 billion in the last year.

Amazon’s boss isn’t likely to be sad. After all, he is still one of the wealthiest persons on the planet.
This is due to a massive 33 percent increase in the value of Tesla’s stock. Bezos, on the other hand, lost money due to a 3% reduction in Amazon shares, as well as increased charity contributions. According to Forbes, his net worth has been reduced by $6 billion as a result of this decision.

Surprisingly, Forbes is responsible for 2,668 billion on the list. When compared to last year’s record of 2,755, this is a lower figure. Furthermore, this year’s billionaires are worth $12.7 trillion, down from $13.1 trillion last year. It should be noted that approximately 236 people became billionaires for the first time. This includes pop star Rihanna and Peter Jackson, the director of The Lord of the Rings Trilogy and Alien. Barbados, Bulgaria, Estonia, and Uruguay have also seen the birth of their first billionaires.

Some speculate that Elon Musk will become the world’s first trillionaire in the near future. Taking things sceptically, on the other hand, appears to be nearly impossible. Of course, his fortune is significantly greater than the average on the Forbes list. However, there is still a long way to go before reaching the Trillions. In a recent development, Elon Musk purchased a 9.1% stake in Twitter. Musk is now Twitter’s largest shareholder, surpassing the company’s co-founder in a display of his “money powers.” He’s even making suggestions for changes to the platform.

Below you can check a quick summary of the Forbes list with some familiar names
1 – Elon Musk, who resides in the US state of Texas, with a net worth of $219 billion from Tesla and Space X
2 – Jeff Bezos, who resides in the US state of Washington, with a net worth of $171 billion from Amazon
4 – Bill Gates, who lives in the US state of Washington, with a net worth of $129 billion from Microsoft
6 – Larry Page, who lives in the US state of California, with a net worth of $111 billion from Google
10 – Mukesh Ambani, who lives in India, with a net worth of $90.7 billion from Reliance Industries, which has interests in petrochemicals, oil and gas, telecom, and retail

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