Tesla CEO Elon Musk reclaims title of world's richest man after SpaceX round

Elon Musk surpassed Amazon’s Jeff Bezos, who recently reclaimed the title as the world’s richest person for a brief period after Tesla shares fell, pulling down Musk's net worth.
By HT Auto Desk
| Updated on: 19 Feb 2021, 09:46 AM
Elon Musk's Tesla has retained its spot as the most valuable carmaker for the second day by increasing its lead over other manufacturers. (REUTERS)
Elon Musk's Tesla has retained its spot as the most valuable carmaker for the second day by increasing its lead over other manufacturers. (REUTERS)

Elon Musk is back at the top and has regained his title of the world's richest person after SpaceX completed another funding round, pushing him at the very top of the Bloomberg Billionaires Index. Musk's wealth rose to $199.9 billion after his rocket company completed the latest funding round.

(Also Read: Tesla is one of the greatest contributors to climate change: Bill Gates)

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He once again surpassed Amazon’s Jeff Bezos, who recently reclaimed the title as the world’s richest person for a brief period after Tesla shares fell, pulling down Musk's net worth. Currently, Bezos is valued at $194.2 billion.

Musk's rocket company raised $850 million from a group of investors led by Sequoia Capital. As per the index, the round values the company at $74 billion which is a direct jump of 60% from August. Thanks to the round, Musk's net worth has jumped about $11 billion.

Musk roiled the price of Bitcoin and a lesser-known cryptocurrency - Dogecoin, that spiked with a meme tweeted by Musk earlier this month. Bitcoin meanwhile blew past $50,000 days after Tesla revealed plans to hold $1.5 billion of the cryptocurrency on its balance sheet.

(Also Read: Tesla works government connections to get vaccines sooner for its workforce)

Musk has also recently invited Russian President Vladimir Putin for a chat session on Clubhouse, the social media app. While the Russian President isn't active on social media, a spokesperson for the Kremlin said the invitation was “undoubtedly very interesting."



First Published Date: 19 Feb 2021, 09:29 AM IST
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