Elon Musk is again the world’s richest person after SpaceX round

By: |
Updated: February 19, 2021 9:40 AM

Elon Musk is back on top. The Tesla Inc. chief executive officer’s wealth rose to $199.9 billion after the rocket company he founded completed another funding round, vaulting him atop the Bloomberg Billionaires Index for the second time this year.

Elon MuskThe round values the company at $74 billion, a 60% jump from August, and helped boost Musk’s net worth by about $11 billion, according to the index. (Photo source: Reuters)

Elon Musk is back on top. The Tesla Inc. chief executive officer’s wealth rose to $199.9 billion after the rocket company he founded completed another funding round, vaulting him atop the Bloomberg Billionaires Index for the second time this year.

He surpassed Amazon.com Inc.’s Jeff Bezos, who briefly reclaimed the title as the world’s richest person this week after Tesla shares fell and dragged down Musk’s net worth. Bezos is worth $194.2 billion.

SpaceX raised another $850 million this month from a group of investors led by Sequoia Capital. The round values the company at $74 billion, a 60% jump from August, and helped boost Musk’s net worth by about $11 billion, according to the index.

Also this week, Musk invited Russian President Vladimir Putin to a chat on Clubhouse, the social media app. A spokesperson for the Kremlin said Putin doesn’t use social media, but added that the invitation was “undoubtedly very interesting.”

–With assistance from Jack Witzig.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Digiboxx reaches 10 lakh users in 6 months: Everything to know about this Made-in-India cloud storage platform
2Samsung to launch Galaxy M32 with 90Hz display, 6000mAh battery in India on June 21 at a price of around Rs 15,000
3PE/VC investments fall in May to $3.6 billion: Report