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Elon Musk becomes world’s 4th richest man

by BQ News Bureau
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Elon Musk, CEO of Tesla and SpaceX,  is now the fourth-richest person in the world. The tech entrepreneur’s net worth has increased to $84.8 billion after gaining nearly $8 billion ($7.78 billion) in a single day according to the Bloomberg Billionaires Index.

He superseded Bernard Arnault ($84.6 billion),  Mukesh Ambani ($78.8 billion), and Warren Buffet (78.2 billion).

Now, he has entered into the elite group of five richest people in the world. Three more billionaires  above him are Mark Zuckerberg ($99 billion), Bill Gates ($121 billion) and Jeff Bezos ($188 billion).

Musk’s two  companies  — Tesla and SpaceX — have registered solid growth. Tesla shares went up over 300 per cent this year, Bloomberg  added.  SpaceX  that has grown dramatically  is close to finalising a $2 billion funding deal, it added.

Musk’s fortune has grown by over $57 billion this year even as many billionaires saw their wealth drop due to the coronavirus pandemic.

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