Elon Musk is just $14 billion away from becoming the richest man in the world – 9News

Elon Musk is just $14 billion away from becoming the richest man on Earth, and potentially the richest man in human history.

The SpaceX and Tesla founder today is worth more than $227 billion, just shy of the world's richest man and Amazon founder Jeff Bezos at $241 billion.

The Bloomberg Billionaires Index, which ranks the net worth of the world's richest people on a daily basis, largely values a billionaire based off the value of the assets they own.

Because their primary assets are largely publicly-listed companies, that means the peaks and troughs of Musk's net worth is inextricably tied with the stock price of Tesla.

During the worst of the COVID pandemic, there has been few better stock options than Tesla.

In mid-May 2020, when much of the US was straining under a deluge of new cases, Tesla was worth about $USD 72.

Fast forward to January 2021, and that same stock is worth an astonishing $USD 729 a percentage gain of 912.5 per cent.

That means for every $USD 1 of Tesla you bought in May, you would have made around $USD 600 profit (not including capital gains tax).

The boom comes after Tesla hit its goal of building a half-million cars in 2020.

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Tesla's stock rise over the last 18 months has made it the most valuable automaker in the world.

Its current market cap is worth roughly the combined value of the next eight most valuable global automakers - Toyota, Volkswagen, Daimler, GM, BMW, Honda, Hyundai and Ford.

Volkswagen, the world's largest automaker, sold just under 11 million cars worldwide in 2019.

General Motors, the largest US automaker, had global sales of 7.7 million cars in 2019.

Additional reporting by CNN.

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Elon Musk is just $14 billion away from becoming the richest man in the world - 9News