Half Of Investors Think Elon Musk Will Lose His Position As The Richest Man

On March 2, 2021, Hurun Research Institute released the 2021 Hurun Global Rich List, in which Elon Musk became the world's richest man for the first time with a wealth of 1.28 trillion RMB, and continues to be so today. Tesla is a big help for Musk to become the richest man in the world. However, as Musk continues to sell Tesla shares, 50% of investors predict Musk will lose the title of richest person by the end of 2023.

Tesla stock hit a record high last year, helping Elon Musk take the top spot. A recent survey showed that 68% of investors believe Elon Musk will continue to sell Tesla shares in the future. Since November last year, Elon Musk has sold more than 15 million shares of Tesla stock, with a cumulative cash out of nearly $25 billion. Tesla's stock price is up and down, and has fallen by more than 15% this year.

In addition, it seems that Tesla is not so "unique" anymore. 50% of investors predict that Elon Musk will lose the name of the richest man by the end of 2023, and another third say the richest man may have to wait until 2025 or later.

As CEO of Tesla, CEO and CTO of SpaceX and chairman of the board of Sun City, Elon Musk is currently worth $253.4 billion (equivalent to about 1.7 trillion yuan), ranking first on the Forbes rich list, a figure that far exceeds the $157.1 billion of the second-place Bernard Arnault family and the third-place Jeff Bezos, CEO of Amazon 148.1 billion dollars.


About Author
John Murphy

John Murphy is the founder of TOPCARS Tesla Aftermarket Accessories, as well as an investor in Tesla and owner of the Model Y. He posts about Tesla news while running the site on a daily basis.

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