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Elon Musk Set To Take Over Jeff Bezos As Richest Person In The World

Elon Musk Set To Take Over Jeff Bezos As Richest Person In The World

The tech billionaire is closing in on the top spot after a jump in Tesla shares

Dominic Smithers

Dominic Smithers

Elon Musk is set to take over Jeff Bezos as the richest person in the world.

Thanks to a 2.8 percent rise in Tesla's share price on Wednesday (6 January), the South African entrepreneur has now come within $3 billion of the Amazon founder.

According to Bloomberg's Billionaire Index, Musk's fortune rose by $4.74bn, bringing his net worth to $181bn.

On the other hand, Bezos, who has held the top spot since October 2017, saw his fortune fall by a similar amount - $4.24bn - to $184bn.

Over the past year, Musk, 49, has seen his fortune rise by an incredible $146billion. So it might not be long until there's a new wealthy sheriff in town.

It comes after Musk overtook Bill Gates as the second richest person in the world back in November last year.

Elon Musk is closing in on the top spot.

At the time, the SpaceX CEO saw his fortune rise to $127.9bn (£95.8bn) pushing Gates, Microsoft co-founder from second place.

Reporting on the change, Bloomberg claimed the move was thanks to a 6.58 percent rise in Tesla's shares, accounting for a $7.2bn increase.

Due in large part to the global coronavirus pandemic, and more of us relying on the platform than ever, Bezos has seen his net worth rise by around $87bn (£65bn) over the past year.

But it wasn't just about making money for Bezos.

The 56-year-old recently announced that he was making a $10bn (£7.6bn) donation to help fight climate change.

Sharing news of his philanthropy, Bezos took to Instagram to explains why he was doing it.

He wrote: "I've spent the past several months learning from a group of incredibly smart people who've made it their life's work to fight climate change and its impact on communities around the world.

"I'm inspired by what they're doing, and excited to help them scale.

"Today, I'm pleased to announce the first Bezos Earth Fund recipients - 16 organizations working on innovative, ambitious, and needle-moving solutions. This $791 million in donations is just the beginning of my $10 billion commitment to fund scientists, activists, NGOs, and others. We can all protect Earth's future by taking bold action now."

He went on to outline who the recipients of the first lot of donations will be.

He wrote: "The Climate and Clean Energy Equity Fund, ClimateWorks Foundation, Dream Corps Green For All, Eden Reforestation Projects, Energy Foundation, Environmental Defense Fund, The Hive Fund for Climate and Gender Justice, Natural Resources Defense Council, The Nature Conservancy, NDN Collective, Rocky Mountain Institute, Salk Institute for Biological Studies, The Solutions Project, Union of Concerned Scientists, World Resources Institute, and World Wildlife Fund."

Featured Image Credit: PA

Topics: tesla, elon musk, World News, climate change, jeff bezos, Money, US News, Technology, Amazon