Number one among the richest people in the world? Musk's net worth soared by $13.5 billion

ByAme Boering 2020-02-05 586

Recently, a piece of news has attracted everyone's attention. The assets of Elon Musk, CEO of Tesla, soared by 13.5 billion US dollars, ranking first among billionaires. Just five weeks after 2020, what made Musk's assets grow by $13.5 billion in a short period of time?

Elon Musk

Data show that between January and February 2020, Tesla's share price rose frantically by 86%, increasing Musk's wealth by $13.5 billion. Earlier, according to data released by the Bloomberg Billionaires Index, Musk was still ranked 35th on the global rich list at the end of 2019. Thanks to the rise in Tesla's share price, his wealth has now reached 41 billion US dollars. The ranking of the global rich list has risen to 22nd, surpassing even the founders of Dell and Nike.

Tesla Model 3

Earlier, it was reported that the increase in Musk's assets was mainly due to the smooth delivery of the first batch of Model 3 produced by Tesla in Shanghai, China, and the launch of the Model Y project, which made Tesla's share price soar as investors were very bullish on the China market. However, some people familiar with the matter pointed out that although Musk is worth a lot of money, but most of it is made up of company shares, he is still a cash-strapped billionaire.  

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