Technology

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 but another feat. The entrepreneur that loves making headlines and taking digs at rival companies has turn into the first person to be worth over $300 billion after his fortune surged by $10 billion in a day thanks to a Tesla share spike. 

According to the most recent Bloomberg Billionaires’ Index, Musk’s web worth 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 person on the earth is no less than $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 worth greater than the annual GDP of countries like Egypt, Portugal, the Czech Republic, Greece, Qatar and Finland.

Besides Musk’s wealth rising, the latest 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 invaluable 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 customers against online scams; here’s how to save yourself

At the identical time, Microsoft jumped 1.1 per cent to blow previous Apple after increased than anticipated income estimates for an eleventh straight quarter. Microsoft turned extra invaluable than Apple for the first time since early 2020. Microsoft has posted its largest weekly features since January 2021. Also Read: Unbelievable! ‘Squid Game’ crypto rises to more than 1,00,000% in days




https://zeenews.india.com/technology/elon-musk-achieves-another-feat-becomes-first-person-ever-to-be-worth-over-300-billion-2406701.html

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