A lot happened this week. The rioters devastated the capital of the United States. Joe Biden was officially certified by Congress as Trump, the next president of America, was banned from Twitter. Elon Musk surpassed Jeff Bezos to become the world’s richest man for the first time. Since it’s CelebrityNetworth, not Politico, we’re obviously going to focus on that last event. Although to be clear, those other events were earth-shattering.
Monday: $ 170 billion
Elon Musk had total assets of $ 170 billion before the stock market opened for trading on Monday. Jeff Bezos had total assets of $ 190 billion. At that point we have posted the following article:
Elon Musk is just $ 20 billion away from being the richest person on the planet
After we posted the above article on Facebook, some commentators were upset that we said that Elon “A. Only $ 20 billion away. “Complaining that we were losing $ 20 billion and exaggerating how easy it would be for someone to earn $ 20 billion in a short period of time.”
Actually, the commentators were not completely wrong. When we published that article, I personally thought it would take weeks … perhaps for Elon to close the gap and possibly take over as the richest person on the planet. As the publisher of CNW, I was extremely excited at the prospect of writing dozens of articles, inch-by-inch back and forth of the Bezos / Musk money controversy.
Elon cut $ 20 billion to $ 11 billion on Monday alone. Here’s how the rest of the week unfolded:
Tuesday: $ 175 billion
Elon ends on Tuesday with total assets of $ 175 billion. Jeff is worth $ 186 billion on Tuesday. So 9 billion dollars of the 20 billion dollar difference got hacked in one stroke.
According to our estimates, as long as Amazon shares hover in the $ 3,200 per share range, Elon needed Tesla to trade above $ 795 to take over the world’s richest man.
At Wednesday’s lowest point, Tesla traded at $ 750. At its high level, Tesla traded at $ 770. The day ended back at $ 755.
Wednesday: $ 181 billion
Elon ended Wednesday at $ 181 billion. Jeff ended the day for $ 184 billion.
When the market opened on Thursday, Tesla was up and Amazon was down considerably and to make Elon the world’s richest person for the first time … temporarily. Amazon woke back up, but then by mid-day Tesla sky-rocket. Elon comfortably punted Jeff Bezos. Amazon’s stock ended the day at $ 3,162. Tesla closed at $ 816 on Thursday. At those levels, Elon had total assets of $ 196 billion and Jeff had total assets of $ 185 billion.
Thursday: $ 196 billion – richest person in the world
The Tesla rocket was not shipped.
After opening the week at $ 735 per share, Tesla ended the trading day at $ 880 on Friday. This is a 20% gain. Amazon started the week at $ 3,186 and ended at $ 3,182. Essentially unchanged.
At $ 880 per share, we estimate Elon Musk’s total assets at $ 210 billion.
If you haven’t done the math yet, there is an increase of $ 40 billion in five days. People felt that we are exaggerating.
What will happen next? $ 256 billion.
On top of Jeff Bezos there is a caveat in Elon’s achievement of being the world’s richest man. Jeff Bezos currently has total assets of $ 186 billion. But that is how he lost tens of thousands of Amazon shares in a divorce agreement with ex-wife McKenzie.
If Jeff had never divorced, he would have made $ 256 billion today. At today’s levels, Elon is just $ 46 billion away from $ 256 billion. He made a $ 40 billion business in the last five days. Must be a cinch!
So this is what I want to see. I would like to see Elon’s total assets in excess of $ 256 billion dollars.