Home Technology ELON MUSK: NOW THE 4 RICHEST PERSON IN THE WORLD

ELON MUSK: NOW THE 4 RICHEST PERSON IN THE WORLD

by Devanshi Rao
Elon Musk

The CEO of Tesla, Elon Musk, has now become the fourth richest person in the world on 18 August 2020. Musk’s net worth rose to $84.8 Billion on the Bloomberg Billionaires Index. Tesla Inc shares rose 11% on 17 August. His net worth raised by past French luxury tycoon Bernard Arnault which is the current non-American rich on the Bloomberg Billionaires Index, which is now just within $15 billion of Social media giant Facebook’s CEO, Mark Zuckerberg, who is on the third position among the 500 richest people in the world. 

Reliance Industries Chairman, Mukesh Ambani, became the fourth richest person on 8 August 2020. He is now placed on the 6th position on the list of the billionaires with a net worth of $78.8 Billion. Mukesh Ambani still remains the highest-ranking among the fourteen Indians. 

Elon Musk’s luxury has grown by $57.2 billion this year. It is marking as the second-largest increase on the index after Amazon.com Inc founder Jeff Bezos. In the month of July, Elon Musk overtakes Warren Buffett to become the seventh richest person in the world. By causing a diminish in his net worth, Warren Buffett donated Berkshire Hataway shares worth $2.9 billion to a charity. 

Elon Musk Tesla Share details:

Elon Musk TSLA Stock Chart
https://www.tradingview.com/symbols/NASDAQ-TSLA

Tesla shares rose again on Tuesday, by 2.8%, and year to date the stock is up a surprise 339%. Wall Street analysts commend that, “Tesla’s move to split its richly valued stock into smaller chunks. It has the potential to extend a rally in its shares this year by making it easier for retail investors to hold the stock.”

In early trading, Shares in the electric maker rose more than 6%. The stock, which traded at around $1,467 before the bell on Wednesday, is one of the highest-priced on Wall Street. Jesse Cohen, senior analyst at Investing.com says, “The move makes sense for Tesla, as it will make its shares cheaper and more accessible to young first-time retail traders using platforms like Robinhood.”

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Technology shares have been outrun this year because of this Covid-19 pandemic. The three richest people on the earth today are Jeff Bezos of Amazon, Bill Gates of Microsoft, and Mark Zuckerberg of Facebook.

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