Elon Musk takes back world’s richest person title after gaining R112bn in 1 day

Elon Musk takes back world’s richest person title after gaining R112bn in 1 day

- Hours after he was overtaken by Jeff Bezos as the world's richest person, Elon Musk has taken back the position

- This was made possible by Tesla's stock, which rose by 4.7% on Tuesday, February 23

- Musk gained $7.8 billion (R112 billion) as a result of this and his nett worth now stands at $183.8 billion

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Tesla chief executive officer Elon Musk has overtaken Amazon CEO Jeff Bezos as the richest person in the world after his electric vehicle manufacturing company's stock rose by 4.7% on Tuesday, February 23.

Musk's net worth increased by $7.8 billion (R112 billion) and the billionaire businessman is now worth $183.8 billion, while Bezos' nett worth stands at $182.4 billion, Forbes reports.

The nett worth of the Tesla boss has grown exponentially in recent times due to the increase in his company's stock.

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Elon Musk no longer wealthiest in the world after losing $15b in a day

Briefly.co.za previous reported that Musk was overtaken by the Amazon boss as the world's richest person.

Tesla shares slid 8.6% on Monday, February 22, wiping $15.2 billion from Musk's nett worth.

One of the reasons for the decline was Musk's comments over the weekend that the prices of Bitcoin and Ether "do seem high".

Elon Musk takes back world’s richest man title after gaining almost N2.9 trillion in a day
Elon Musk is now the world's richest person, while Jeff Bezos takes number two position. Photo credits: Liesa Johannssen-Koppitz/Bloomberg, Arif Hudaverdi Yaman/Anadolu Agency
Source: UGC

In other news, Musk on Monday, March 9, 2020, told an audience at a Satellite 2020 conference in Washington DC that people do not need to attend college to learn stuff.

Musk made the statement when an audience member asked him about the necessity of college education at the conference.

The technology entrepreneur said he favours seeing whether somebody can work hard at something.

Musk noted that colleges are basically for fun and to prove you can do your chores, but they're not for learning.

Some South Africans feel that Elon Musk should come back "home". No one seems to be more excited about the news that South African born, Elon Musk is now the richest person in the world than his fellow South Africans who have made their excitement abundantly clear online.

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Musk was recently revealed to have surpassed the previous world record holder for the wealthiest person in the world, Amazon founder, Jeff Bezos - and South Africans have not shut up about it ever since.

@NOCHILL_GOD said:

"Don’t forget Elon Musk is from South Africa, and he studied at the university of Pretoria... He’s now the richest man on Earth."

@http_other said:

"This culture of claiming people must stop. We would be driving around in Teslas if the man felt that way about SA. Or even some Tesla plant in EC that would create lots of jobs. We are not his people, this "he was born in South Africa" is tired now."

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Source: Briefly.co.za

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