Imagine: Elon Musk becomes R135bn richer in the space of a single day

Imagine: Elon Musk becomes R135bn richer in the space of a single day

- Tesla's co-founder, South-African-born Elon Musk, has become the world's fourth-richest behind Mark Zuckerberg after his wealth increased by $7.8 billion (R135 billion) on Monday, 17 August

- The 11% rise in the shares of Tesla Inc. was the reason for the wealth boost as helt, another world's billionaire

- If he records another big increase soon, he may catch up with Zuckerberg who is currently $15 billion richer than him

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Elon Musk has now become the world’s fourth-richest person after the shares of Tesla Inc. bumped up by 11% on Monday, August 17, as it added $7.8 billion to his nett worth, thereby overtaking Arnault, who is a wealthy non-American in the billionaire club.

With that also, he is $15 billion away from the new centibillionaire and Facebook founder, Mark Zuckerberg, who is currently number three on the list of 500 richest people in the world.

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It should be noted that the new financial victory comes two years after the US Securities and Exchange Commission sued him and he had to step down as the chairman of Tesla.

Aside from his electric car business, his Space Exploration Technologies Corp, popularly called SpaceX, could make his fortune even grow higher especially now that the company is about to sign a $2 billion funding deal, which will catapult its value to $46 billion.

This year has been a good one for Musk as his fortune rose by a whopping $57.2 billion, making it the second-biggest increase after Amazon founder, Jeff Bezos, who gathered a wealth of $73 billion in 2020 alone.

A collage showing the world's 4th richest man. Photos sources: Bloomberg/Dezeen

A collage showing the world's 4th richest man. Photos sources: Bloomberg/Dezeen
Source: UGC

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This is not the first time a person's wealth has risen high in a single day. Bezos added a whopping $13 billion to his fortune on Monday, July 20 - the largest wealth growth for an individual since the Bloomberg Billionaires Index was created in 2012.

On the same day, Amazon’s shares jumped by 7.9%, the most it has been since December 2018. As a result, his ex-wife, Mackenzie Bezos, also gained a very good sum of $4.6 billion on Monday, July 20, and is now considered the 13th-richest person in the world.

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Source: Briefly.co.za

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