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Musk’s net worth is now over $185 trillion, just edging out the former richest title holder, Jeff Bezos at over $184 billion.
Musk’s wealth gain is the fastest in history, especially considering that about a year and a half ago Tesla was on backorder unable to fulfil orders, dealing with a “cash burn,” Musk’s personal leverage of his stocks.
To start off 2020, Musk had about a net worth of $27 billion, which barely cracked the top 50 richest.
Musk became the seventh richest in July, passing up Warren Buffett. He then took second place in November beating out Bill Gates. Musk has gained more wealth over the past 12 months than Bill Gates’ entire net worth of $132 billion.
Tesla’s market value is now $750 billion. At this rate, it will not take too much longer for the company to hit $1 trillion.
Tesla’s stock shares are now over $800 a share.
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It is also reported that Bezos added $70 billion to his net worth this year. Numerous reports have also found the top richest of the rich increased their combined net worth over $1 trillion last year.
The Trends Journal also cites a report coming from The Washington Post stating that, “that $25 billion would be enough to end all hunger in the U.S. eight times over, according to one estimate. The report also seemed to portray Bezos and Musk as two unlikely candidates to make such a donation.”
“The paper reported an analysis in June of charitable giving by the country’s richest showed that Bezos donated $25 million to “All in WA,” which the paper described as a “statewide relief effort,” and $100 million to “Feeding America.” The amount is equivalent to an average American cutting a check for $85 to a charity.”
It is absolutely appalling to think just how richer the rich are getting – meanwhile, the peasants of this new world order, fascist, two-tiered society, are given scraps of $600 checks – which many are begging for even more and larger amounts of stimulus. Just insane.
The rich ruleth over the poor, and the borrower is servant to the lender.
Proverbs 22:7
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