Billionaire Elon Musk bounced back to claim the world’s richest man spot after a recent daily gain of $9.81 billion.
Musk’s company, Tesla rose back to $190 billion, after the shares of the company recorded incredible gains of 6.18%, and put the market value of Tesla at $712 billion with the SpaceX he established finishing another funding round, thereby pushing him on top the Bloomberg Billionaires Index for the third time this year.
The gains propelled Musk ahead of Amazon founder, Jeff Bezos, who currently has a net worth of $185 billion and reclaimed the title as the world’s richest person some days back after Tesla shares dropped to record levels.
The stocks of Tesla Inc. were on an unprecedented buying spree at a recent trading session. That points to the fact that global investors are buying the dip after a four-day plunge that cancelled the globe’s most valuable car company’s year-to-date profits.
Recent reports reveal that SpaceX generated extra $850 million this month from a conglomerate of top institutional investors led by Sequoia Capital.
According to the index, such investment puts the valuation of SpaceX at $74 billion, indicating a 60% increase from August, and facilitated the increment of Musk’s net worth by around $11 billion.