By Juliet Umeh
The Chief Executive Officer of Technology Companies, Tesla and SpaceX has become the fourth richest person in the world after his net worth increased to $84.8 billion after gaining nearly $8 billion ($7.78 billion) in a single day.
According to the Bloomberg Billionaires Index, Musk’s wealth jumped after a tech rally on Wall Street saw Tesla shares rise by 11 percent at Monday’s closing.
The sharp rise in net worth took Elon Musk past the likes of luxury tycoon Bernard Arnault ($84.6 billion), Mukesh Ambani ($78.8 billion), and Warren Buffet.
The 49-year-old has now entered the elite group of five richest people on Earth. The only people placed above him right now are Mark Zuckerberg, $99 billion; Bill Gates, $121 billion and Jeff Bezos, $188 billion.