Elon Musk gains N3.3trn in value, set to become world richest man if...

Elon Musk gains N3.3trn in value, set to become world richest man if...

- Elon Musk recently hit an all-time fortune high as he closes in on securing the position of the richest man in the world away from Amazon boss, Jeff Bezos

- The business magnate gained about N3.3trn in stock value over the course of the week and is now worth N63.7trn in wealth

- His company, Tesla Inc joined the Wall Street on Monday, December 21, becoming the most valuable company to grace the US security market

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The year 2020 will go down in the books of business magnate and engineer, Elon Reeve Musk, as one to remember as he has again scored good financial goals which has brought him closer to claiming the number one spot of the world richest list.

The 49-year-old 'techpreneur' and CEO of Tesla Inc saw his stock rise an impressive high entering of $8.95 billion over the past week to now peg his total net worth at N63.7trn in wealth value.

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Tesla boss, Elon Musk now valued at $167 billion, needs $20 billion to become world richest man
Elon Musk gains $8.95 billion in value, set to become world richest man Photo Credit: UGC
Source: UGC

Musk, now valued at N63.7trn according to figures from Bloomberg Billionaire Index, the electrical-maker just needs about N7.8 trillion, less than Nigeria's 2021 budget of N13 trillion more to eclipse current world richest man and Amazon Chief Executive Officer, Jeff Bezos.

And with his electric-car manufacturing company, Tesla Inc, joining the Wall Street securities market on Monday, December 21, with a gulp value of N251 trillion, he may be closer than ever at hitting that record.

This is as he gained well over N53.4 trillion in the current year despite the prevalent COVID-19 pandemic challenge that crippled economies.

Tesla Inc with an increased stock value will be looking to capitalise on the opportunities that abound in the S & P market and join other 'big boys' as Adobe and Spotify Technology who have since enlisted in Wall Street.

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Meanwhile, Legit.ng had reported how Elon Musk and 9 other billionaires grew by wealth by N20trn in one week.

Despite the harsh economic realities that bedevilled companies and world economies by reason of the COVID-19 pandemic, Elon Musk, Jeff Bezos and a host of other billionaires not only thrived but recorded massive gains on their fortunes just within a week.

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Source: Legit.ng

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