By the end of this week, Elon Musk will be the richest man in the world
The impressive performance of Tesla shares last year ensured the rapid rise of its founder Elon Musk in the ranking of the richest people in the world. He is now in second place, behind only Amazon CEO Jeff Bezos, but by the end of the week they could swap places
According to a Bloomberg rating, Musk’s fortune is now estimated at $176 billion, with Bezos trailing him by $12 billion, but Tesla’s stock price continues to rise, determining the further dynamics of the wealth of the head of this company. Musk’s main income is denominated in Tesla shares, so the rapid growth of the rate allows him to climb to the top of the ranking of the world’s largest billionaires by leaps and bounds.
According to Morgan Stanley analysts’ forecasts, Tesla shares have all chances to rise up to $810 per share, which will automatically increase the wealth of Elon Musk to the level that allows him to be considered the richest man in the world. Investors’ enthusiasm is aroused by the prospects of new environmental requirements in the U.S., which will spur the transition to electric cars. Tesla shares rose to $753 at the close of trading, a pace that will take Musk to the top of Bloomberg’s ranking if not this week, then this month.