Investing.com – American billionaire Elon Musk, founder of electric car giant Tesla, (NASDAQ:) and the most famous supporter in the United States did it.
It seems that the past days, which hit the financial and currency markets in the world, following the growing concerns about the Chinese Evergrande crisis, coinciding with the US Federal Reserve’s decisions on interest rates, did not make Elon Musk richer.
According to the American Forbes classification, Elon Musk, 50, has become the richest man on earth, after he overthrown the most famous and richest billionaire for many years, Jeff Bezos, who became second.
Although the difference between the two men did not exceed one billion dollars, which according to the nature of the market and the competition of the wealthy is a small amount, it has enabled Elon Musk to excel.
Elon Musk’s fortune rose to nearly 200 billion, becoming the world’s richest person for the fifth time during 2021, with a fortune estimated at about $ 199.6 billion.
The rise of Elon Musk’s fortune was boosted by the significant rise in Tesla’s shares at the end of Friday’s trading, which closed at a 2.8% increase, rising to levels of $774.4, an increase of about $21.
The market value of Tesla’s shares jumped to about $767 billion, while Tesla’s shares fell slightly during those moments of Monday’s trading in the pre-opening period, down to 771.5 levels, down 0.4%.
Over the past five weeks, Musk’s fortune has seen consecutive increases, with Tesla shares jumping more than $100 during that period.
Tesla shares rose from $665 levels at the end of August 17 trading to the current levels, which is the highest for the company’s shares since mid-February.
Elon Musk’s fortune increased during the same period by more than 50 billion dollars, up from levels below 150 billion dollars, and Musk was then in third place on the lists of the rich.
As for the performance of Amazon shares (NASDAQ:) by the end of trading on Friday, it increased slightly by 0.04%, rising to levels of $3426.9, while the market value of the company reached $1.73 trillion.
And it seems that today’s session on Monday is heading to bear more losses for Amazon, as the company’s shares fell in the pre-opening period by about 0.8%, down to levels of $3397.6.
On the other hand, the shares of Louis Vuitton fell on the Paris Stock Exchange by the end of trading Friday by about 1.7%, down to the levels of 642.9 euros, while the market value of the institution, the French businessman Bernard Arnault, fell to 323.8 billion euros.
While the shares of Louis Vuitton fell during those moments of Monday’s trading on the Paris Stock Exchange by 1.2%, to levels of 635.5 euros, for the French business magnate to give up a new $ 2.1 of his wealth.
The world’s richest people, according to the Forbes world rankings.
- The first is Elon Musk, the founder of Tesla and SpaceX, with a fortune estimated at 199.6 billion dollars
- The second is Jeff Bezos, founder of Amazon, with a fortune estimated at about 198.7 billion dollars
- The third, Bernard Arnault, founder of Louis Vuitton, with a fortune estimated at about $179.2 billion
- Fourth, Bill Gates, founder of Microsoft (NASDAQ:) with a fortune estimated at 131.7 billion dollars
- Fifth Mark Zuckerberg, founder of Facebook (NASDAQ:) with a fortune estimated at $126.2 billion
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