Over N3.28trillion Added to Elon Musk's Wealth in One Day, Reclaims Lost Spot on Richest List

Over N3.28trillion Added to Elon Musk's Wealth in One Day, Reclaims Lost Spot on Richest List

  • After losing his position to Bernard Arnault, French businessman, Elon Musk has returned to claim a position he has gotten used to for months now
  • Musk earned over N3.28 trillion in one day to increase his fortune significantly as he becomes the second richest individual on planet earth
  • Tesla had previously cost the American billionaire his spot on the richest list, but rising interest in the bank pushed Musk past Arnault

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The founder of Tesla, Elon Musk, has retaken the number two spot on Bloomberg billionaire Index, as his wealth gained an extra N3.28 trillion in one day.

Elon Musk had lost the spot to Bernard Arnault, who is worth $174 billion. But he displaced the French billionaire on Wednesday after his wealth climbed to $186 billion.

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Shareholders of Zenith Bank lose over N3.13 billion within three days

The gain is attributed to Tesla's growth in the stock market, as the car manufacturer's share price gained 5.27% to close trading on Nasdaq at $656.57.

Elon Musk's fortune rose by N3.28 trillion in a single day
Elon Musk, the founder of electric carmaker, Tesla. Photo: Robyn BECK/AFP
Source: Getty Images

This increased the company's market valuation to $632.5 billion, and also improved the 48-year-old billionaire's fortune by an additional N3.28 trillion.

Tesla's stock had appreciated upon reports that a solar-powered charging station was opened by the carmaker in Tibet, China, which is the first of such a facility in China.

Also, the electric vehicle adoption push by the administration of United States President, Joe Biden, has renewed investors interest in Tesla, which is an electric car maker.

Meanwhile, Legit.ng had previously reported that Zenith Bank shareholders lost significant sum following a crash in the company's market valuation.

In the last three days, the lender's market capitalisation had dwindled as investors are not willing to pay so much for Zenith Bank's stock despite being one of the biggest creditors in Nigeria.

This costs shareholders a whopping N3.13 billion in three days, with the financial institutions' share price declining by 0.41% during the period under review.

Source: Legit.ng

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