Musk’s fortune exceeds $100 billion for the first time

By | August 27, 2020

Belarus and Russia agree on debt cancellationBusinessman got rich thanks to the growth of shares of his car company Tesla. Since the beginning of the year, Musk’s fortune has increased by $73.6 billion.
The fortune of the American entrepreneur, founder of Tesla, and SpaceX Elon Musk for the first time exceeded 100 billion dollars. Since the beginning of the year, the businessman’s fortune has increased more than 3.7 times, Bloomberg writes.

The 49-year-old American’s fortune is currently estimated at $101 billion. At the beginning of the year, it was 27.4 billion.
The 49-year-old American's fortune is currently estimated at $101 billion. At the beginning of the year, it was 27.4 billion.
That is, Musk’s fortune grew by 73.6 billion thanks to the rapid increase in the value of Tesla shares.

In January, Tesla’s stock price was $430.26. On August 26, the auto giant’s securities rose in price and now cost $2,153.17 apiece.

In the Bloomberg ranking is led by the head of Amazon Jeff Bezos (202 billion dollars), in the second place is Microsoft founder Bill Gates (124 billion dollars), closes the top three founder of Facebook Mark Zuckerberg (115 billion dollars). Elon Musk – in fourth place As previously reported, Tesla’s capitalization doubled in two months. Tesla is the most expensive car company in the world. Its value is growing at a record pace.

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