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$12 billion in two hours: Elon Musk became even richer

Google News

The fortune of the American businessman Elon Musk, who lost about $49 billion over the past week, grew by more than $12 billion in just a couple of hours.

This was due to an increase in the value of shares of its main asset — the Tesla car company, as stated on the website of the Nasdaq exchange.

Due to a decrease in the company's capitalization by almost $310 billion from January to $540.4 billion, Musk's own fortune fell by $27 billion over the same period.

However, on March 9, the value of Tesla's securities in just less than two hours rose by almost 15% — from $563 to $645 per share, and the company's capitalization reached 608.5 billion, which is 70 billion more than the day before. At the moment, the upward trend continues.

At the same time, Musk's own fortune has grown by more than $12 billion and now reaches about $16.1 billion. This is still more than 10 billion less than the richest man in the world — Amazon founder Jeff Bezos, whose fortune is estimated at 174 billion.

Recall that at the end of February, Elon Musk ceased to be the richest man in the world.

One of the reasons for this could be Musk's words that the price of the cryptocurrencies bitcoin and ether are at an overestimated level. At the same time, two weeks before Musk's statement, Tesla announced that it had acquired bitcoins for $1.5 billion.

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