As of today, Elon Musk is $3 Billion away from surpassing Amazon founder, Jeff Bezos, for the title.
In December, Musk surpassed Bill Gates and became the second richest man in the world as a result of an increase in Tesla share prices. Now, Elon Musk’s net worth is $181 billion while Bezos’s is $184 billion. According to Celebrity Net Worth, Bezos first topped the list in July 2017. Bezos passed Bill Gates for the first time in October of that year.
According to Bloomberg, a 2.8% boost in Musks’ share price caused an increase in net worth.
If Elon Musk passes Jeff Bezos, he will be the sixth person in the past 25 years to temporarily hold the spot.
For the past year, Elon Musk has gained over $150 billion. An increase of 734% in Tesla shares last year, inclusion in the S&P 500, and interest from investors contributed to this gain.
Despite the major increase in wealth, Elon Musk has sold three of his homes in Los Angeles. In May of 2020, he tweeted that he plans to not own a house.
I am selling almost all physical possessions. Will own no house.
— Elon Musk (@elonmusk) May 1, 2020
His purpose for this is that he wants to contribute as much as possible towards his dream of establishing a colony on Mars. Last month, he told Axel Springer that:
“I want to be able to contribute as much as possible to the city on Mars,” Musk said. “That means just a lot of capital.”
Elon Musk’s possible increase in net worth is good news. The more money Musk accumulates, the closer we are to colonizing Mars. Selling three of his homes in L.A. shows he is truly invested in his vision for the future of mankind.