Economics/Class Relations

Elon Musk is now the richest person in the world, passing Jeff Bezos

There seems to be a debate going on between left and right libertarians about whether guys like Musk and Bezos are plutocratic tyrants or innovative visionaries. It seems the obvious answer is both. See the precedent of Henry Ford and Karl Marx’s writings on economic and technological history.

By Robert Frank, CNBC

  • Elon Musk just became the richest person in the world, with a net worth of more than $185 billion.
  • Thursday’s increase in Tesla’s share price pushed Musk past Jeff Bezos, who had been the richest person since 2017 and is currently worth about $184 billion.
  • Musk’s wealth surge over the past year marks the fastest rise to the top of the rich list in history — and marks a dramatic financial turnaround for the famed entrepreneur.

Elon Musk just became the richest person in the world, with a net worth of more than $185 billion.

Thursday’s increase in Tesla’s share price pushed Musk past Jeff Bezos, who had been the richest person since 2017 and is currently worth about $184 billion. Musk’s wealth surge over the past year marks the fastest rise to the top of the rich list in history — and is a dramatic financial turnaround for the famed entrepreneur who just 18 months ago was in the headlines for Tesla’s rapid cash burn and his personal leverage against the company’s stock.

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