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Monday, December 23, 2024

Home Business Elon Musk becomes richest person in the history of world

Elon Musk becomes richest person in the history of world

by Our Correspondent
October 28, 2021
in Business, Featured

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Tesla CEO Elon Musk has emerged as the richest person in the history of the world with an estimated net worth of $271.3 billion, according to data released by Forbes.

The stock market value of the electric automaker surpassed $1 trillion on Monday, bringing double jackpot for Musk, who is also CEO of SpaceX, a private company worth $100 billion as of an October secondary share sale, according to a CNBC report.

Tesla witnessed 12.7% surge in share value after it received biggest-ever order from rental car company Hertz.

With Tesla’s historic stock market value, Musk’s 23% stake in the newly minted trillion-dollar company has reached close to $230 billion, according to Refinitiv.