The way the world's billionaires accumulated wealth is very amazing especially looking at the way the world's billionaire accumulated wealth in 2020 even in the middle of a pandemic. Although it is scary the way the market looks as it looks overvalued with the look of things like it will crash soon and a lot of wealthy people will lose their net worth.
Although the market might crash, but there have been speculations that Jeff Bezos might become the first trillionaire, and some people say that Elon Musk might overtake him. The two billionaires are estimated to be about $400B with the both of them fighting over the world richest man title. Although Jeff Bezos lost over $35B to his ex-wife in a divorce settlement, he still held his title as the world richest man until Elon musk took over the title but Jeff has regained that title again. It is estimated that Jeff's wealth increases at 36% annually and if this continue at this rate, there is a guarantee that he would be a trillionaire before he becomes 70 years old.
Elon Musk had an increase in wealth as a result of a 743% rise in Tesla stocks in 2020 and this gave Musk the spotlight of the richest man in the world for a few days. If Musk stocks keeps rising at 1/4 of its percentage annually, Musk would be the richest man before he reaches 60 years.
Innovation is key for this two business men entrepreneur, from Tesla going into Space, Neurotechnology, telecommunication, automotive, railway and many more, Amazon is also innovative spreading through virtually all sectors.
These two men have been in a competitor for a long time and now adding this to the competing circle "who will be the first to reach 1 trillion dollars"