Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

Musk Becomes 1st Businessman with $3 Bln Net Worth


Thu 28 Oct 2021 | 05:41 PM
Rana Atef

Trending businessman, and the CEO of private space company SpaceX, and car company Tesla Elon Musk recorded a new milestone by being the first person with a net worth estimated at $ 300 billion, media agencies reported on Wednesday.

Musk, the current world's reachest man, managed in gaining more than $ 36 billion to his wealth on Monday after Tesla's share jumped 12.7 after announcing that prestigious Hertz ordered 100,000 vehicles by the end of 2022.

The single-day wealth increase was recorded as the largest in the history of a Bloomberg Billionaires Index entry. In addition, the new jump of Musk's net worth made him $ 100 billion ahead of Jeff Bezos.

The world's richest man managed in adding $ 119 billion to his wealth this year by the influential performance of Tesla, and Space X.