Elon Musk takes back world’s richest person title after gaining N2.9 trillion in a day

Elon Musk takes back world’s richest person title after gaining N2.9 trillion in a day

- Hours after he was overtaken by Jeff Bezos as the world's richest person, Elon Musk has taken back the position

- This was made possible by Tesla's stock which rose by 4.7% on Tuesday, February 23

- Musk gained $7.8 billion (N2,973,750,000,000) as a result of this and his net worth now stands at $183.8 billion

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Tesla chief executive officer Elon Musk has overtaken Amazon CEO Jeff Bezos as the richest person in the world after his electric vehicle manufacturing company's stock rose by 4.7% on Tuesday, February 23.

Musk's net worth increased by $7.8 billion (N2,973,750,000,000) and the billionaire businessman is now worth $183.8 billion (N70,042,504,000,000.01), while Bezos' net worth stands at $182.4 billion (N69,508,992,000,000.01), Forbes reports.

The net worth of the Tesla boss has grown exponentially in recent times due to the increase in his company's stock.

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Legit.ng previous reported that Musk was overtaken by Amazon boss as the world's richest person.

Tesla shares slid 8.6% on Monday, February 22, wiping $15.2 billion (N5,795,000,000,000) from Musk's net worth.

One of the reasons for the decline was Musk's comments over the weekend that the prices of Bitcoin and Ether "do seem high".

Elon Musk takes back world’s richest man title after gaining almost N2.9 trillion in a day
Elon Musk is now the world's richest person, while Jeff Bezos takes number two position. Photo credits: Liesa Johannssen-Koppitz/Bloomberg, Arif Hudaverdi Yaman/Anadolu Agency
Source: Getty Images

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In other news, Musk on Monday, March 9, 2020, told an audience at a Satellite 2020 conference in Washington DC that people do not need to attend college to learn stuff.

Musk made the statement when an audience member asked him about the necessity of college education at the conference.

The technology entrepreneur said he favours seeing whether somebody can work hard at something.

Musk noted that colleges are basically for fun and to prove you can do your chores, but they're not for learning.

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Tunde Ososanya, a Legit.ng editor, is a graduate of Mass Communication from the Nigerian Institute of Journalism. He's passionate about what he does and finds fulfillment in informing the people. Ososanya is the author of Later Tonight: a Collection of Short Stories.

You can follow him on Twitter: @TundeOsosanya

Source: Legit.ng News

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