Amazon’s Bezos World’s Richest, SpaceX Joins World Elite Companies

Elon Musk and SpaceX Dragon module

 

As Amazon CEO Jeff Bezos became briefly the world’s richest person when online retailer shared rose 1.8 percent to $1,071.31 giving Bezos, who owns about 17 percent of the e-commerce giant, a net worth of more than $90 billion, surpassing Gates’ $89 billion, SpaceX, the rocket maker founded by billionaire Elon Musk raised up to $350 million in new financing and is now valued at around $21 billion, making it one of the most valuable privately held companies in the world.

It’s worth bearing that SpaceX faces competition from Blue Origin, a rocket company aiming to send tourists and supplies into space and founded by the same Jeff Bezos.

SpaceX with its main goal of Mars colonization but also a key player in the commercial satellites sector has now joined an elite club of seven venture-backed companies valued at $20 billion or more around the world, according to research firm CB Insights.

Five of these unicorn companies are based in the United States and valued at more than $20 billion — including Uber, Airbnb and WeWork

The two other closely held companies valued at more than $20 billion are in China — ride-hailing company Didi Chuxing and consumer electronics maker Xiaomi.

If you are wondering whether Mr. Bezos is still the richest man alive, his reign lasted just for four hours, and by the 4 p.m. close of the market, his net worth had slumped to $88.7 billion, dropping him below Gates — who had topped the list since 2013 — at $89.8 billion.

As of Thursday night, the Spanish retailing tycoon Amancio Ortega, 81 is ranked third at $83.5 billion, while legendary Omaha investor Warren Buffett, 86, was fourth at $74.4 billion.

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