Elon Musk Becomes Fourth Richest Person in the World, Now Worth $7.8 Billion

File photo of Tesla CEO Elon Musk. (Image Source: Wikimedia Commons)

Musk has gone past French luxury tycoon Bernard Arnault, the chairman of LVMH Moët Hennessy and the richest non-American on the Bloomberg Billionaires Index.

  • News18.com
  • Last Updated: August 18, 2020, 8:27 PM IST

Tesla co-founder and SpaceX CEO Elon Musk has become the world’s fourth wealthiest person after shares of his company rose by 11% on Monday and closed at a record high. The rise meant Musk’s wealth increased by a whopping $7.8 billion, according to a report in Bloomberg.

Musk has gone past French luxury tycoon Bernard Arnault, the chairman of LVMH Moët Hennessy and the richest non-American on the Bloomberg Billionaires Index.

Musk’s wealth has increased by $57.2 billion this year, the second-biggest increase on the index.

SpaceX is looking to raise new capital at a valuation of about $44 billion, it was reported last month. The company is in discussions with investors about raising about $1 billion at a price of $270 a share.



Array
(
[videos] => Array
(
)

[query] => https://pubstack.nw18.com/pubsync/v1/api/videos/recommended?source=n18english&channels=5d95e6c378c2f2492e2148a2,5d95e6c278c2f2492e214884,5d96f74de3f5f312274ca307&categories=5d95e6d7340a9e4981b2e10a&query=Bernard+Arnault%2CBloomberg+Billionaires+Index%2Celon+musk%2CSpaceX%2Ctesla&publish_min=2020-08-15T20:26:41.000Z&publish_max=2020-08-18T20:26:41.000Z&sort_by=date-relevance&order_by=0&limit=2
)

Next Story

Speak Your Mind

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get in Touch

350FansLike
100FollowersFollow
281FollowersFollow
150FollowersFollow

Recommend for You

Oh hi there 👋
It’s nice to meet you.

Subscribe and receive our weekly newsletter packed with awesome articles that really matters to you!

We don’t spam! Read our privacy policy for more info.

You might also like

Every New Business Owner Needs Many Faces For Success

The road to becoming an entrepreneur is a journey, and it's not a short...

FDA Approves New Rapid Coronavirus Test That Can Give...

Signage on headquarters of molecular diagnostics company Cepheid in...

Trump Chief Meadows May Have Spent Campaign Funds On...

Topline White House Chief of Staff Mark Meadows may have committed campaign finance violations...