Elon Musk Becomes The World’s Richest Man

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Business magnate, Elon Musk gained $9.81 on Wednesday, February 24 making him regain title of the world’s richest man.

His company share gained 6.18% which surged back to $190 billion, thereby making market value of Tesla at $712 billion coupled with the SpaceX he founded completing another funding round, according Bloomberg Billionaires Index.

This is third time Elon past Amazon founder, Jeff Bezos, who is now worth $185 billion. Few days ago, Bezos reclaimed the title as the world’s richest person after Tesla shares plunged record levels.

Elon other company SpaceX raised another $850 million this month a group of leading institutional investors led by Sequoia Capital.

investment has put SpaceX’s valuation at $74 billion, which a 60% jump August, and has helped boost Musk’s net worth by about $11 billion.