Elon Musk started this week with a net worth of $170 billion. At that point, he was $20 billion shy of Jeff Bezos's $190 billion net worth. For a very brief moment this morning when trading opened, Elon was the richest person in the world. As of this writing (Thursday morning at 7am PST), Elon’s $184 billion net worth puts him $1 billion shy of being the richest person in the world. Technically $1 billion plus $1.
Here's how the Musk and Bezos fortunes stacked up after Wednesday's market close:
Elon Musk's net worth = $181 billion
Jeff Bezos' net worth = $184 billion
Here’s how they stack up in real-time right now:
Elon Musk's net worth = $184 billion
Jeff Bezos' net worth = $185 billion
Tracing the Path of Wealth
Elon started 2020 with a net worth of $28 billion. He ended 2020 with a net worth of $175 billion. This remarkable growth has made headlines and sparked interest in how these two tech titans have navigated the ever-changing landscape of wealth and stock prices.
As we reported previously, Elon was $20 billion away from Jeff Bezos on Monday. On Monday trading, Tesla shares ended up 3%, while Amazon ended down 2%. These movements cut the gap to $11 billion – $175 billion (Musk) vs. $186 billion (Bezos). On Tuesday, both stocks ended up very slightly, so the gap remained unchanged.
Tesla started the week at $730 per share and closed at $755 on Wednesday. Meanwhile, Amazon started the week at $3,186 and closed at $3,183 on the same day. The fluctuations in these stocks have a significant impact on the fortunes of both CEOs, highlighting the volatile nature of the tech market.
If Jeff Bezos's fortune continues to stay in the $184-186 range, we estimate that Elon needs Tesla to top $795 per share for him to take the crown. Tesla shares are currently trading at about $790, meaning every dollar counts in this competitive race.
However, at today’s open, when Amazon very briefly dipped to $3,155 while Tesla was popping to $794, Elon was technically the richest person in the world at that moment. Amazon bounced back and is currently up 1.7% to $3,190.
(Photo by Maja Hitij/Getty Images)
Before that brief moment today, Jeff Bezos was the richest person in the world without interruption since October 2017. Jeff topped the list for the first time in July 2017, overtaking Bill Gates. Gates and Bezos traded back and forth for roughly four months, then Bezos took off without competition until today.
Elon is the fifth person in the last 25 years to hold the top spot at least temporarily. The other four are Jeff Bezos, Bill Gates, Carlos Slim, and Warren Buffett. This shows the shifting dynamics of wealth and the rise of new players in the tech space.
Below is a year-by-year breakdown of the person who held the title of richest person in the world for the majority of each year going back to 1995:
| 1995 | Bill Gates | $12.9 billion |
| 1996 | Bill Gates | $18 billion |
| 1997 | Bill Gates | $36.4 billion |
| 1998 | Bill Gates | $51 billion |
| 1999 | Bill Gates | $90 billion |
| 2000 | Bill Gates | $60 billion |
| 2001 | Bill Gates | $58.7 billion |
| 2002 | Bill Gates | $52.8 billion |
| 2003 | Bill Gates | $47 billion |
| 2004 | Bill Gates | $46.6 billion |
| 2005 | Bill Gates | $50 billion |
| 2006 | Bill Gates | $52 billion |
| 2007 | Bill Gates | $56 billion |
| 2008 | Warren Buffett | $62 billion |
| 2009 | Bill Gates | $40 billion |
| 2010 | Carlos Slim Helu | $53.4 billion |
| 2011 | Carlos Slim Helu | $74 billion |
| 2012 | Carlos Slim Helu | $69 billion |
| 2013 | Carlos Slim Helu | $73 billion |
| 2014 | Bill Gates | $76 billion |
| 2015 | Bill Gates | $79.2 billion |
| 2016 | Bill Gates | $75 billion |
| 2017 | Bill Gates | $86 billion |
| 2018 | Jeff Bezos | $112 billion |
| 2019 | Jeff Bezos | $170 billion |
| 2020 | Jeff Bezos | $190 billion |
| 2021 | ??? | ??? |
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