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How Did Elon Musk Just Become the Richest Person in the World? The Answer Is Simpler Than You Might Think
By at least one way of defining success, Elon Musk is exceptionally successful: Tesla's seven-fold stock price increase just sent his wealth (lame pun alert) rocketing past Jeff Bezos. (Shares in Amazon have also risen in value, but not as sharply; plus, ex-wife Mackenzie Scott received a 4 percent stake in Amazon as part of the couple's divorce settlement.)
Despite the fact Tesla only recently recorded its first actual profits, the automaker's market cap is now bigger than Toyota, Volkswagen, GM, Ford, and Hyundai. Combined.
Which makes Musk the richest person in the world.
So yeah: If becoming incredibly wealthy is your goal -- not that there's anything wrong with that -- then a visionary risk-taker like Musk might make a good role model.
But for a more fundamental reason than you might think.
Hold that thought.
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