World's richest man, Elon Musk's worth climbs to $304billion as Tesla stock soars
The world's richest man Elon Musk has started
this year on a positive note by adding $32..6 billion to his net worth. The Tesla boss is not jocking as his entire
fortune is now $304.2 Billion.
Based on a report
from Forbes, the billionaire and founder of the space enterprise called SpaceX
has remained on the top of the world's rich list going the new year.
Bernard Arnault, the
CEO of the French fashion empire LVMH sits in second place with $103.6 billion
behind Elon Musk. While the CEO of Amazon
Jeff Bezos sits in third place.
South African growing wealth has been credited
for Tesla`s soaring stock price. On Sunday
Tesla announced that it has delivered more than 936,000 cars in 2021 surpassing
projections by analysts. Tesla also announced that the company recalled 475,00
of its cards builts between 2014 and 2014.
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ALSO – ELON MUSK NOW RICHEST MAN ON EARTH
Forbes also said
that Tesla shares increased by more than 13 percent by market close, with the
company market capitalization again topping the #1 trillion mark after dropping
below level this month.
Elon Musk is named
Time Magazine 2021 person of the year. CEO Elon Musk owns about 15.6 percent of
the company`s stock.
Elon Musk has continued to sell shares, finishing the year having unloaded 3
million shares on the open market to cover the tax bills on around 5.7 million
stock options that he exercised at the same time.
It is reported that Musk sold 15.7 million
shares throughout 2021- worth more than $16 Billion before tax.
His fortune skyrocketed to more than $200 million over 2021 and 2021. In 2021
alone, Musk added $116 billion to his net worth.
According to Forbes, this is the biggest
one-year gain by any billionaire since the news outlet started tracking the
wealth of high net worth individuals.
If the company meets certain operational and
valuation goals, the world's richest man is set to become even richer.
