Who is the man behind Iron Man❓
Elon Musk has become the world's richest person, as his net worth crossed $185bn.
The Tesla and SpaceX entrepreneur was pushed into the top slot after Tesla's share price increased on Thursday (7/1/2021)
The billionaire dethroned Amazon CEO Jeff Bezos who trails Musk by $1.5billion
Bezos held the title of world's wealthiest person for three years since 2017 is worth $187bn
Musk overtook Bill Gates as the second-richest person in November 2020
The entrepreneur started off 2020 ranked as the world's 35th richest man
Musk managed to increase his wealth by more than $146billion in the last 12 months, despite the economic downturn brought by the coronavirus pandemic.
Tesla reported a series of profitable quarters throughout 2020 and joined the S&P 500, establishing the company as one of the world's most valuable businesses.
Several analysts consider the stock to be overvalued, even if they praise the company.
'Tesla's performance in 2020 was impressive, but not as impressive as the increase in its shares, which we continue to believe are overvalued,' said a note earlier this week from JPMorgan Chase, which has an 'underweight' on the equity.