Elon Musk Becomes the Fourth Richest Person in the World

Elon Musk Becomes the Fourth Richest Person in the World
Elon Musk Gains $8 Billion to Become World’s Fourth-Richest Person: Bloomberg| Photo Credit: Getty Image

The charismatic billionaire is now the fourth-richest person in the world after an 11 percent jump in Tesla Inc. stock on Monday, closing at a record high and raising Musk’s net worth by $7.8 billion.
The rise vaulted French luxury tycoon Bernard Arnault, the richest non-American on the Bloomberg Billionaires Index, past the Tesla co-founder.
Musk’s $84.8 billion fortune puts him at the ranking of the world’s 500 richest people within $15 billion of Mark Zuckerberg, No. 3.
The Tesla rally on Monday is just the latest victory for the billionaire. According to a recent Bloomberg analysis, Elon Musk’s financial increase has shown no signs of slowing down in the last few months even with the negative impact of the pandemic on the global economy.
Tesla shares this year are up 339 percent, boosted by rising expectations that the company will be included in the S&P 500 Index.
Musk’s Space Exploration Technologies Corp., or SpaceX, is set to further pad its assets. Bloomberg reported last week that the company is close to finalizing $2 billion in new funding which would raise its equity valuation to $46 billion.
This year, Musk’s fortune grew by $57.2 billion, the second-biggest increase on the index after Jeff Bezos’s founder of Inc.
The world’s richest man racked up $73 billion in 2020 and is now worth $188 billion. While Bill Gates, Mark Zuckerberg is in second and third places respectively, placing Elon Musk at fourth.

+ posts

Nasiru Eneji Abdulrasheed Is a Forsige breaking news reporter and editor, covering Europe, Africa, and the U.S. from Abuja.

More Stories

SpaceX Raises $1.9 billion in Funding, The Company's Largest Single Fundraising Round

Abdulmajeed Muhammed

Tesla’s Elon Musk Asks About the Prospect of Converting ‘Large Transactions’ to Bitcoin

Nasiru Eneji Abdulrasheed

How to invest in Dogecoin

Nasiru Eneji Abdulrasheed

China’s pressure on Jack Ma’s empire continues with the imposed restructuring of Ant Group

Nasiru Eneji Abdulrasheed

Tesla Model 3 Becomes Best-Selling EV in Europe Eclipse 7,000 Deliveries in August


It’s not Saturday Night Live, but DogeCoin is on the way to the Moon

Nasiru Eneji Abdulrasheed

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Homepage for World Breaking News

Forsige uses cookies to improve your experience. Are you OK with this? You can opt-out if you wish. Accept Read More

Privacy & Cookies Policy