Who’s Richer Elon Musk or Jeff Bezos? Plus, Their Net Worth

Elon Musk or Jeff Bezos - Who's richer?

Elon Musk is richer than Jeff Bezos. Elon Musk has a net worth of $224 billion, while Jeff Bezos has a net worth of $144 billion. 

Elon Musk rose to international prominence as the CEO of Tesla Inc. (TSLA), the CEO and lead creative director of his robotics company SpaceX, and, most recently, as the world’s wealthiest person. Tesla and SpaceX CEO Elon Musk have just agreed to purchase Twitter. Musk is a divisive figure that has sparked lawsuits and SEC inquiries. 

Jeffrey Preston Bezos, known simply as Jeff Bezos, is the president and owner of the e-commerce powerhouses Amazon. He is a businessman, stockholder, and businessman. Jeff Bezos has just been given the name the “wealthiest person in recent times” on the Forbes wealth index, thanks to his financially rewarding endeavors.

How Elon Musk Got So Rich

Elon Musk

Elon Musk dropped out of Stanford University’s graduate physics program two days later to launch Zip2, among the first online GPS systems. He put some of the money from this business into X.com, an online payment method that was marketed to eBay Inc and eventually had already become PayPal Holdings Inc. Elon Musk has become the primary funding source of Tesla Motors (now Tesla) in 2004, which was prompted by his current role as CEO of the electric car company. Tesla also makes energy storage systems, vehicle pieces of equipment, and, in its obtaining of SolarCity in 2016, solar power systems.

Elon Musk is also the CEO and chief designer of Space Exploration Technologies (SpaceX), a space flight rocket developer. Musk started a program to take Twitter private in April 2022, which resulted in a $44 billion takeover bid. Musk intends to put $21 billion of his own money into the agreement. Musk sold 9.6 million Tesla worth of shares for $8.5 billion in the weeks following the acquisition’s official statement. Elon Musk is the world’s wealthiest person, as per both the Bloomberg Billionaires Index and the Forbes real-time billionaires catalog, with an average net worth of about $216 billion as of June 2022.

How Jeff Bezos Got So Rich

Amazon.com had founded By Jeff Bezos in a Seattle garage in 1994, pretty soon after resigning from the investment company D.E. Shaw. Jeff’s previous employer, David E. Shaw, was initially uninterested in the idea of an e-commerce website. Though Amazon.com began as a bookseller, it has evolved into a one-stop shop for just about everything and is now undoubtedly the world’s leading manufacturer. Some of Amazon’s incredible growth and expansion, such as obtaining Whole Foods in 2017 and joining the pharmaceuticals industry in the same year, show the company’s structure of continuous development. In 2019, Bezos owned up to 16 percent of Amazon before moving 4 percent to his ex-wife MacKenzie Scott as part of their divorce agreement. The increased growth of online shopping amid the COVID-19 pandemic boosted Amazon’s stock price by 76% in 2020. Bezos served as CEO of Amazon on July 5, 2021, and became the company’s executive chair.

Amazon was taken by Jeff Bezos to the public in 1997 and ended up going on and became the first man with a net worth of much more than $100 billion after Bill Gates in 1999. Jeff Bezos’ other investments include the aerospace company Blue Origin; he also purchased The Washington Post 2013 and the 10,000-year clock, also widely recognized as the Long Now. Jeff Bezos currently has approximately $144 billion as of 2022.

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