Elon Musk widens lead as richest person on world – Times of India

NEW YORK: Elon Musk needs Jeff Bezos to know he’s No 1. Tesla Inc.’s co-founder responded to a tweet from Bezos early on Monday with a silver medal emoji after the hole between the world’s two richest folks elevated final week by the surging valuation of Musk’s rocket firm SpaceX. His web price is now $222 billion, whereas Inc.’s Bezos is at $190.8 billion, in accordance with the Bloomberg Billionaires Index.
The jab escalates the general public spat between the 2 billionaires, who’re each making an attempt to revolutionize the area trade.
Bezos’s Blue Origin is difficult a U.S. authorities contract with SpaceX to develop expertise to land folks on the moon once more, whereas Musk has beforehand taken to Twitter to name Amazon’s founder a “copy cat” for his e-commerce agency’s space-focused ventures. In a current submitting with U.S. regulators, Amazon’s satellite tv for pc subsidiary additionally accused Musk and his firms of flouting laws with a common perspective that “guidelines are for different folks.”
In his tweet late Sunday, Bezos posted a picture of a 1999 article from Barron’s that criticized Amazon and described it as one among many tales that predicted his firm’s demise. Musk, 50, added about $9 billion to his fortune Friday after an settlement with buyers valued SpaceX in extra of $100 billion, greater than quadruple the dimensions of Blue Origin, in accordance with Bloomberg’s wealth index. Musk nonetheless derives round three-quarters of his wealth from Tesla, which he co-founded in 2003 after making a fortune from the sale of e-commerce web site PayPal to eBay Inc. for $1.5 billion.

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