Move aside, Jeff Bezos, as Elon Musk is now the worldâ€™s richest man. At least according to CNBC.
His net worth is now $185 billion, thanks to increases in Teslaâ€™s share price.
Musk started last year with $27 billion and was barely in the top 50 of the worldâ€™s richest people. So, unlike most of us, Elon had a good 2020.
This is because Teslaâ€™s share price has increased more than ninefold in that time. The company is now worth more than $760 billion.
While Musk also owns SpaceX and has plenty of other things going on in his career, Tesla is whatâ€™s providing all the cash right now.
Yes, Tesla â€“ an automaker that only makes four vehicles, most aimed at luxury buyers â€“ vehicles that have been plagued with reliability issues. An automaker thatâ€™s had all sorts of production problems.
Muskâ€™s hype of the brand probably hasnâ€™t hurt â€“ despite his misleading statements about Tesla offering full autonomy â€“ Teslaâ€™s autonomous systems are NOT fully self-driving. Heâ€™s prone to controversial statements and has an army of stans ready to defend Tesla against any criticism (god help the poor journo who writes a poor review of a Tesla model or an article even mildly critical of the company).
Tesla doesnâ€™t even need a PR team to get love from the stock market, I guess.
A generous pay package for Musk apparently put him over Bezos, as CNBC notes that Forbes still has Bezos ahead in the horserace.
Whatever man, says I, the auto journo, typing this on a dining-room table that his parents bought when he was in high school, surrounded by old furniture.
Brother Elon, can you spare $100K?
[Image: Elon Musk via Muskâ€™s Twitter account]