New York: Elon Musk just hit a new milestone as he made a record $25 billion in one day. Tesla Inc.’s 20% jump on Tuesday — its biggest in more than a year — pushed the billionaire founder’s fortune to $174 billion, closing the gap with Jeff Bezos, the world’s richest person.
Overnight, Nasdaq surged 3.7%, led by gains in Big Tech companies such as Apple, Amazon and Facebook.
The surge in Bezos’s Amazon.com Inc shares helped him gain $6 billion, taking his net worth to $180 billion. In January, Elon Musk unseated Bezos as the world’s richest person. Musk’s fortune peaked later that month at $210 billion, according to the index, a ranking of the world’s 500 wealthiest people. Consistent quarterly profits, the election of President Joe Biden with his embrace of clean technologies and enthusiasm from retail investors fueled the rise in Tesla shares.
Musk and Bezos have been battling for the top spot on the Bloomberg wealth index since the Tesla founder took over in January, the month his fortune hit $210 billion. Since then, Bezos regained the title of world’s richest as shares of the electric-car maker sank as much as 36%. Now the two tycoons are less than $6 billion apart.
Comments are closed.