Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Hindustan Times
Hindustan Times
World
hindustantimes.com | Edited by Shivani Kumar

‘How strange’, says Elon Musk as he becomes world’s richest person

SpaceX owner and Tesla CEO Elon Musk.(AP)

Tech billionaire Elon Musk, who on Thursday became the richest person in the world, gave a “strange” reaction after achieving the milestone. Taking on Twitter, the outspoken entrepreneur behind Tesla Inc. and SpaceX gave a very underwhelming response.

“How strange,” Musk wrote on in response to a tweet by Tesla Owners of Silicon Valley. In the following tweet, he wrote, “Well, back to work.”

Musk is known for his witty, sometimes controversial tweets which has often made the headlines. In May this year, Tesla lost $14 million in valuation hours Musk tweeted, “Tesla stock price is too high imo”.

In 2018, Musk tweeted that he was thinking about taking the company private. The shares of the Tesla soared by more than six per cent while the tweet cost him his role as chairman.

As per Bloomberg report, the South Africa-born engineer’s net worth was $188.5 billion at 10:15 am in New York, $1.5 billion more than Bezos, who has held the top spot since October 2017.

Along with Tesla, Musk also owns SpaceX which is a rival to Bezos-owned Blue Origin LLC, in the private space race.

Over the past year his net worth soared by more than $150 billion in possibly the fastest bout of wealth creation in history.

Fueling his rise was an unprecedented rally in Tesla’s share price, which surged 743% last year on the back of consistent profits, inclusion in the S&P 500 Index and enthusiasm from Wall Street and retail investors alike.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.