In the latest update, Elon Musk has extended his lead as the world’s richest person. This comes after Tesla’s value reached more than $1 trillion. His current net worth has now reached around $210 billion last night after the share prices surged dramatically.
He is currently well-ahead of Jeff Bezos who has a fortune of $140 billion and LVMH tycoon Bernard Arnault who stands at 3rd with $118 billion.
Reports suggest that Tesla is the first carmarker to hit the value of $1 trillion this week after the rental company Hertz ordered 100,000 Model 3s which is the biggest deal Tesla has made yet. Currently, Tesla is reported to be more valuable than the next ten largest global carmarkers combined.
At the same time, Musk’s wealth has further put behind the value of the UK’s five largest banks, HSBC, Barclays, Standard Chartered, Lloyds and Natwest.
ALSO READ: Samsung in Talks with Tesla to Make Next-Gen Self-Driving Chips : Report
Musk also owns 17 percent stake in the transport group with the shares rising over 740 percent in 2020 as the company took over the Wall Street charts by the storm.
Following the big celebrations, Musk took to Twitter and wrote, “Wild $ T1mes!. However, he has been a part of around seven controverses wherein his tweets have fallen badly with the US regulators. They have previously accused him of manipulating the stock market with the posts on social media. Each time he has reportedly clarified that the company is private.
Meanwhile, he has been a key advocate of cryptocurrencies especially for bitcoin and dogecoin. His influences have been showcased as such that he tweeted that he has no holdings in Shiba Inu which is a fast-growing cryptocurrency. Following which, the value dipped by 15 percent.
He has also co-founded Paypal after dropping out from a post-graduation programme at the Stanford University.
