Elon Musk becomes world’s fourth-richest person

Elon Musk, founder of the American company Tesla, becomes the fourth richest man in the world after Tesla Inc. shares surged 11 per cent on Aug 17, 2020 (Monday).

According to details, the outspoken entrepreneur is now the world’s fourth-richest person after Tesla shares surged 11 per cent on Monday, closing at a record high and boosting Musk’s net worth by USD 7.8 billion

According to the report, this is the second biggest increase in this year’s index which has made Tesla founder Elon Musk the fourth richest person in the world. Musk’s fortune has grown by USD 57.2bn this year, the second-biggest increase on the index after Amazon founder Jeff Bezos’s.

Before Musk, Warren Buffett was the fourth richest person in the world this year with a total net worth of USD 67.5 billion. However, Amazon founder Jeff Bezos tops the list of the world’s richest people with USD 113 billion in assets.

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