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Business

Elon Musk Adds $11 Billion to Wealth as He Widens Wealth Gap

Elon Musk Adds $11 Billion to Wealth as He Widens Wealth Gap

  • Elon Musk has widened the wealth gap between him and Amazon founder Jeff Bezos after adding $11 Billion to his fortune
  • The Tesla CEO is now worth $223 billion, with his closest rival Jeff Bezos on $191.6 billion
  • Controversial engineer Musk derive 75% of his fortune from his Electric car company Tesla Inc.

Tesla CEO Elon Musk is pulling away from the rest of the world after adding $11 billion to his personal wealth.

Elon Musk

According to Bloomberg, Musk is now worth $223 billion, after an agreement with investors valued SpaceX at over $100 bn.

The billionaire’s closest rival is Amazon founder Jeff Bezos who is worth $191.6 billion, second on Bloomberg’s Billionaire Index.

Elon Musk derives about 75% of his wealth from Tesla Inc., an electric car company that he founded in 2003 after e-commerce site PayPal.

Top billionaires of the world have been rapidly adding to their wealth at the expense of millions of jobless people after central banks pumping liquidity into the economy.

Read also: Tesla Worker Wins N56.3b After Suing Musk

So far the 500 richest people in the world have added $742 billion to their wealth in 2021, according to data from Bloomberg.

However, even in a class of wealthy billionaires, Musk appears to be pulling out into a league of his own.

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