By Admin 
Billionaire News: Alan Musk has made his place again in Forbes’s real -time Billioniers Index. He has become the first person in the world to get a total net worth of $ 500 billion. Musk, CEO of big companies like Tesla and SpaceX, is the first person in the world to touch 300 and 400 billion dollars earlier.
On Wednesday, the stocks of Musk’s company saw a jump and due to the increasing valuation of the company, they became the first person with $ 500 billion net worth. There are only 2 people who got 300 million $ net worth of net worth. Oracle’s founder is Larry Ellison, who did so after Alan Musk. He is currently the second richest person in the world.
How did this amazing?
The shares of Elon Musk’s electric car company Tesla saw a rise of 4 percent on Wednesday. On Wednesday, when the company’s shares were at high height, Musk’s Nettarvath reached $ 500.1 billion. However, there was a slight decline in the stocks until the market was closed. Due to which the net worth of Musk fell slightly down. It reached $ 459.46 rapidly in Tesla’s stock. During the trading session, the company’s shares reached a mark of $ 462.29.
Experts believe that the company’s shares may soon reach the $ 500 mark. If there is an increase in the company’s stock on Thursday, then Musk can overtake this figure. Forbes’ real -time Billioniers index works to track the net worth of billionaires.
How did Tesla make Musk a billionaire?
A large part of Alan Musk’s property comes from Tesla. According to the information, this year, the shares of Tesla Company, which makes electric cars, have seen a rise of 14 percent. Musk has more than 12.4 percent shares of Tesla. Also, Musk bought shares worth about 1 billion dollars of Tesla a few days ago. Which directly affected investors and the company’s shares caught up. So that Alan Musk was able to do this feat. The total net worth of Musk remains around $ 500 billion. According to Forbes, his total net worth in 2020 was $ 25 billion. In the last few years, his wealth has increased very fast and he has become the richest businessman in the world.
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