32 C
Lagos
HomeNewsElon Musk Takes Back World’s Richest Man Status After Earning Almost $10...

Elon Musk Takes Back World’s Richest Man Status After Earning Almost $10 billion In A Day

- Screenshot 20210225 112813 1 300x174 - Elon Musk Takes Back World’s Richest Man Status After Earning Almost $10 billion In A Day  - Screenshot 20210225 112813 1 - Elon Musk Takes Back World’s Richest Man Status After Earning Almost $10 billion In A Day

Elon Musk takes back world’s richest man status after earning almost $10 billion in a day

 

 

Billionaire, Elon Musk bounced back strongly to become the world’s richest man after a daily gain of $9.81 billion on Wednesday, February 24.

Tesla, Musk’s business surged back to $190 billion, after the electric car company’s stock posted remarkable gains of 6.18 percent , thus placing the market cap of Tesla at $712 billion coupled with the SpaceX he created completing another funding round, bringing him atop the Bloomberg Billionaires Index for the third time in 2021.

The gains propelled Musk past Amazon founder, Jeff Bezos, who is now worth $185 billion and had a few days earlier regained the title as the world’s richest individual after Tesla shares plummeted to record lows.

Tesla Inc stocks were on a record buying spree at Wednesday’s trading session, showing that global investors are buying the dip after a four-day fall that erased the world’s most valuable car business year-to-date gains.

Recent reports say SpaceX raised another $850 million this month from a consortium of leading institutional investors led by Sequoia Funds.

Such investment now places SpaceX’s value at $74 billion, a 60 percent leap from August, and helped raise Musk’s net worth by around $11 billion, according to the index.

READ ALSO:  Elon Musk Tesla Face Strong Competition In China As Chinese Company Unveil Cheaper Electric Car

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

808FansLike
220FollowersFollow
42SubscribersSubscribe

Just in

Related News

error: Content is protected !!