Elon Musk has extended his lead as the world's richest person as Tesla's value rocketed above $1trillion, Daily Mail reported.
The tech tycoon was worth around $210bn last night following a dramatic surge in the carmaker's share price.
The 50-year-old is well ahead of Amazon founder Jeff Bezos, who has a $140bn fortune, and LVMH tycoon Bernard Arnault, who is third with around $118bn.
Tesla became the first carmaker with a value of $1trillion this week after rental company Hertz ordered 100,000 Model 3s -- its biggest deal yet. It made Tesla more valuable than the next ten largest global carmakers combined, the report said.
At the same time, Musk's wealth now eclipses the value of the UK's five largest banks -- HSBC, Lloyds, Barclays, Natwest and Standard Chartered.
Musk owns a 17 per cent stake in the transport group, whose shares rocketed 740 per cent in 2020 as tech companies took Wall Street indexes by storm and sent the Nasdaq spiralling to record highs.
Musk celebrated the watershed $1trillion moment by tweeting: "Wild $T1mes!"But the father of seven is a controversial businessman whose tweets have fallen foul of US regulators, who have previously accused him of manipulating the stock market with posts on the social media site saying that he was considering taking the company private, the report said.
He has also become a key advocate of cryptocurrencies -- frequently plugging bitcoin and dogecoin in particular. His influence was demonstrated earlier this week when...
Read Full Story: https://www.nationalheraldindia.com/international/elon-musk-extends-lead-as-worlds-richest-man-as-teslas-value-scales-1-trillion
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
