Elon Musk becomes world’s richest man, surpasses Amazon’s Bezos

Web DeskWeb Editor

29th Sep, 2021. 01:01 pm
Apple vs Fortnite: Elon Musk Says Apple Fees are De Facto Global Tax

Apple vs Fortnite: Elon Musk Says Apple Fees are De Facto Global Tax

RIYADH: A surge in Tesla shares pushed the net worth of Elon Musk to $200 billion to make him the richest person in the world, surpassing Amazon’s Jeff Bezos, Forbes reported.

Musk became the third person to ever be worth $200 billion. Shares of Musk’s electric vehicle company Tesla continued a four-month rally, closing up 2.2 percent at $791.36, the highest they have been since February this year. 

Musk’s fortune is heavily tied to his ownership of Tesla, which ended the day (Monday) with a market cap of more than $792 billion, and SpaceX, valued at $74 billion after a funding round in February. 

He now owns one house and counts his primary residence to be a 400-square foot rental unit, after promising last year that he would ditch almost all his personal possessions, including six mansions.

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