Elon Musk regains position as richest man after gaining 10 billion dollars in a day

Elon Musk makes a daily gain of $9.81 billion making him the richest man in the world again

The 49 year old ceo’s wealth went up to $190 billion as Tesla shares recorded impressive gains of 6.18%, placing the market value of Tesla at $712 billion coupled with the SpaceX he founded completing another funding round, pushing him to the top the Bloomberg Billionaires Index for the third time in 2021.

The record gains pushed Tesla CEO past Amazon founder, Jeff Bezos, who is currently worth $185 billion and had a few days ago reclaimed the title as the world’s richest person after Tesla shares surged to new levels.

Tesla Inc stocks were on a record buying spree at Wednesday’s trading session, indicating that global investors are buying the dip following a four-day plunge that erased the world’s most valuable car company year-to-date gains.

That being said, MicroStrategy CEO, Michael Saylor, has revealed that SpaceX, a company founded by Elon Musk, is exploring the merits of buying Bitcoin. Recent reports suggest SpaceX raised another $850 million this month from a group of leading institutional investors led by Sequoia Capital.

Such investment now places SpaceX’s valuation at $74 billion, a 60% jump from August, and helped boost Musk’s net worth by about $11 billion, according to the index.

A November 15, 2016 filing with the Federal Communications Commission revealed that the tech billionaire owned 54% of SpaceX.

Elon Musk’s present net worth of $190 billion can currently buy 106 million troy ounces of gold or 2.82 billion barrels of crude oil.