A single day surge in the prices of Tesla shares increased the value of its founder Elon Musk by a whopping $25 million. This is a new milestone for this tech billionaire who is also the founder of SpaceX. Thanks to this, the value of his overall wealth rose to $174 billion. This makes Musk the second richest man on Earth after Amazon’s CEO Jeff Bezos.
Musk had earlier been the richest man in the world, beating Bezos earlier this year. But, this rise in the price of shares also helped Bezos, making him gain $6 billion, shooting his net worth to $180 billion. This caused him to get back on the throne as the world’s richest man.
The 49-year-old business magnate, who is the favourite child of sensational headlines, was featured in the news recently after he revealed that his electrical car making company had bought $1.5 billion worth of the cryptocurrency bitcoin, and would soon accept it as a sort of payment for cars. His comments sent bitcoin to all-time highs, past the $50,000 mark for the first time ever.
Many industry experts attribute this boost to Tesla’s share price to the fact that Joe Biden’s election pushed for clean energy technologies, thus making a boom in the rates of the retail investors.
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