Elon Musk achieves another feat, becomes first person ever to be worth over $300 billion


New Delhi: Tesla and SpaceX CEO Elon Musk has achieved yet one more feat. The entrepreneur that loves making headlines and taking digs at rival corporations has turn out to be the primary individual to be value over $300 billion after his fortune surged by $10 billion in a day due to a Tesla share spike.

According to the newest Bloomberg Billionaires’ Index, Musk’s web value hit $302 billion as of Thursday. His wealth elevated by $10 billion on Thursday after Tesla inked an enormous cope with Hertz for the rental big to purchase 100,000 of its automobiles.

The deal has made Musk a lot richer than any human current on earth. For occasion, Amazon founder Jeff Bezos who’s the second richest individual on the earth is a minimum of $100 billion behind Tesla’s swanky boss. The e-tailer’s founder’s wealth at the moment stands at about $199 billion.

With his wealth pegged at greater than $300 billion, Musk is now value greater than the annual GDP of countries like Egypt, Portugal, the Czech Republic, Greece, Qatar and Finland.

Besides Musk’s wealth rising, the current few hours additionally witnessed a dramatic change in inventory markets, so far as the tech firms are involved. On Friday (October 30), Apple misplaced the crown of being probably the most beneficial firm by market capitalisation to Microsoft after the latter’s market jumped to $2.46 trillion.

Apple is at the moment valued at about $2.41 billion after the iPhone maker’s inventory plunged by about 4 per cent on Friday. The firm’s inventory nosedived after Apple reported decrease than anticipated fourth-quarter revenues. Also Read: Airtel KYC fraud case: Airtel CEO warns prospects towards on-line scams; this is find out how to save your self

At the identical time, Microsoft jumped 1.1 per cent to blow previous Apple after larger than anticipated income estimates for an eleventh straight quarter. Microsoft grew to become extra beneficial than Apple for the primary time since early 2020. Microsoft has posted its greatest weekly positive aspects since January 2021. Also Read: Unbelievable! ‘Squid Game’ crypto rises to greater than 1,00,000% in days

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