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    ‘Ghana Must Go’ bags banned at airports – FAAN

    ‘Ghana Must Go’ bags banned at airports – FAAN

    Abia Gov Alex Otti swears in 17 ‘selected’ Transition Council Chairmen/Mayors

    Abia Gov Alex Otti swears in 17 ‘selected’ Transition Council Chairmen/Mayors

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    Abia State: Governor Alex Otti appoints new Head of Service

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    Musk declines Hamas’ invitation to visit Gaza, days after visiting Israel

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    Ekiti Government sues Chef Dammy’s pastor, demands N10m damages over rights infringement

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    JUST IN: Old naira notes to remain legal tender until further notice, Supreme Court rules

    Charlie Munger, Berkshire Hathaway’s Vice-Chairman and Warren Buffet’s right-hand man dies at age 99

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    FG opens application for 4IR technologies, where to apply

    JUST IN: Tinubu signs Student Loan bill into law

    FULL TEXT: Tinubu’s speech on the N27.5 trillion 2024 budget

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    Full text of CBN Governor Yemi Cardoso’s keynote address at CIBN dinner

    83 students on Federal Government scholarship depart for Morocco

    83 students on Federal Government scholarship depart for Morocco

    CBN Governor to unveil Bank’s Monetary Policy Trust and Economic Outlook for 2024

    CBN Governor to unveil Bank’s Monetary Policy Trust and Economic Outlook for 2024

    FG launches Startup Support, how to apply

    FG launches Startup Support, how to apply

    Lekki Deep Sea Port receives first transshipment vessel

    FG plans to re-establish National Shipping Line, Maritime workers reject plan

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    Gov. Soludo presents ₦410bn budget to State Assembly for 2024 fiscal year

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    Guinness Nigeria Plc: Adebayo Alli takes over as Managing Director

    JUST IN: NCAA suspends all United Nigeria Airlines’ wet-leased aircrafts

    JUST IN: NCAA suspends all United Nigeria Airlines’ wet-leased aircrafts

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    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

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Tesla CEO Elon Musk becomes fourth richest person in the world

Tuesday, 18 August 2020, 5:51 pm
in News, World
0
Tesla CEO Elon Musk becomes fourth richest person in the world
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As the share price of Tesla continues to rise, Elon Musk’s personal wealth soars along with it. YTD the share price of Tesla has risen over 350%.

Tesla CEO Elon Musk gained nearly $7.8 billion in net worth on Monday as Tesla’s stock price jumped 11% and closed at an all-time high. Musk’s net worth is now $84.8 billion, making him the world’s fourth-richest person, according to the Bloomberg Billionaires Index.

Year to date Musk net worth has grown by $57.2 billion. Thus, coming into the year Musk was worth about $27.6 billion.

Musk overtook Bernard Arnault, ($84.6 billion) the French billionaire and CEO of luxury brand LVMH, to secure the position on the list. He now sits behind Facebook CEO Mark Zuckerberg, who has a net worth of $99 billion. YTD Zuckerberg has added $20.6 billion to his net worth.

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Tesla shares have been on a tear this year, gaining roughly 350% and notching several all-time highs. The company has become the most valuable automaker in the world by market capitalization, fueled by solid vehicle sales amid the coronavirus pandemic, a streak of profitable earnings, and the potential that it could be included in the popular S&P 500 index, according to Business Insider.

On top of the list seats Amazon CEO Jeff Bezos, who is now worth $188 billion and is the richest person in the world. YTD Bezos has increased by $73 billion.

Bill Gates with a total net worth of $121 billion took the second position with $8.2 billion added to his net worth YTD.

It is notable that Top four richest people in the world according Bloomberg Index are from the United States of America and are all from the Technology Industry.

Written by;

Ifunanya Ikueze

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