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According to the list released, the fortune of this 49-year-old businessman born in South Africa grew by 7.24 billion dollars in a single day on Monday, reaching a total of 128,000 million dollars.
The ultramedia entrepreneur, also a co-founder of the space company SpaceX, surpassed Facebook founder Mark Zuckerberg and Bernard Arnault, president of luxury group LVMH, a few weeks ago.
Jeff Bezos, founder of the online distribution giant Amazon, remains the richest man in the world, with an estimated fortune of $ 182 billion.
Bill Gates, for years the richest on the planet, represents $ 127.7 billion. The Microsoft co-founder has distanced himself from the top of that list because he dedicates a substantial portion of his fortune to the Bill and Melinda Gates Foundation.
Rich even richer
According to Bloomberg, the wealthiest have seen their fortunes grow by $ 1.3 billion since January (23%), when the coronavirus pandemic caused a stagnation in the world economy and caused millions of layoffs and a wave of corporate bankruptcies in the United States. United States.
Musk’s explosive rise among the great fortunes is related to the rise in the values of Tesla, an electric car company, on the Wall Street Stock Exchange.
During the year, shares grew more than 500% and the company has a market capitalization of approximately $ 495 billion. This allowed Musk, with 18% of the company, to earn 100 billion dollars in the same period.
The shares have risen even more in recent weeks due to the electoral victory of Democrat Joe Biden, who promised to favor the development of electric vehicles in the United States, and also by announcing the entry of the group in the renowned S&P 500 index of the largest companies. of Wall Street.
Being part of this index will allow Tesla to systematically integrate its stocks into many financial products that mechanically follow the swings of the S&P 500, such as ETFs, which should give you even more perspective on safety.
Tesla benefits from the enthusiasm of many investors for what they consider the future of the automobile. Although they produce more vehicles, traditional manufacturers such as General Motors and Ford are worth $ 64 billion and $ 35 billion, respectively.
