Wealth Gap Between Musk and Bezos Surpasses the GDP of Luxembourg, as Tesla Reaches $1 Trillion Market Cap

Tesla’s stock price soared following the U.S. presidential election, pushing the electric vehicle maker’s market cap past $1 trillion for the first time since 2022. The sharp stock rally on Friday boosted CEO Elon Musk’s net worth beyond $300 billion, marking him as the first individual to reach this level of wealth.

Musk gained $13 billion on Friday alone, bringing his estimated net worth to approximately $314 billion and securing his position as the wealthiest person globally. This places him $84 billion ahead of the world’s second-richest person, Amazon founder Jeff Bezos, whose net worth stands at $230 billion.

The wealth gap between Musk and Bezos surpasses the GDP of Luxembourg, one of the richest nations worldwide. Known for its robust financial services sector and strategic location, Luxembourg consistently ranks among the world’s wealthiest countries. The IMF reports that Luxembourg has the highest GDP per capita, around $135,000, though its nominal GDP was $82 billion as of 2022.

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