Elon Musk Poised to Become Even Wealthier


Charles Howard, Journalist

Elon musk at a NASA conference.

Elon Musk has been going up against Jeff Bezos for the title of world’s richest man. Now Elon has the title on lock due to the fact that his net worth has been growing bigger and bigger. Predictions are that Musk will most likely get three option grants from Tesla this year, each of these grants would be the same amount that he received in 2020. This amount all together would equal up to $18.6 billion.

The electric vehicle and clean energy company gave Musk four grants last year to purchase 8.4 million shares. Option grants are “when an employer gives an employee the right” to buy (‘exercise’) a certain number of shares of company stock at a pre-set price”.

The option stocks were valued at $6.2 billion at the closing on Wednesday after Musk paid the exercise price.

24.8 billion was more than Musk’s net worth last year. Due to this price Forbes had placed Musk’s Tesla stock up by 743 percent, this would make it one of the most valued companies in the world.

So the order stands as Musk ,with an accumulative of 202 billion, Bezos, then following him is Bill Gates with $136 billion.

Elon surpasses Jeff Bezos in net worth.

An interview with Tesla worker Dusty Howard depicts the simple reactions of those hearing the news.

C.J: “What are your thoughts on Elon’s new placing on the financial ladder?”

Howard:  “I find it interesting that Elon Musk was able to pass/overcome Jeff Bezos in net worth, I mean the man’s been known as the richest man for years so its nice to see a change. I’d like to see where this goes over the years (maybe it’ll lead to a bonus) but, I can understand why Tesla’s reached the pedestal that it has with its success and everything.”

With Tesla’s stocks being sold in 2020, bitcoin becoming more of a liable income for Telsa, and the latest news for Elon Musk; the economy for the company and its owner will surely flourish.