Elon Musk Overtakes Mukesh Ambani To Become 4th Richest In The World

Mumbai: Elon Musk has come to number fourth position in the world in the richest category. He is now world fourth richest surpassing to Mukesh Ambani.
A shares of Tesla Inc surged over 11 percent on NASDAQ on Monday to hit a record high. Musk, who is also the CEO of the American electric vehicle and clean energy company, holds nearly 21 percent stake in it.
At Monday’s closing price of $1835.64 per share, Musk’s net worth swelled by $7.8 billion to $84.8 billion, according to Bloomberg Billionaires Index. He is just $0.2 billion ahead of French luxury tycoon Bernard Arnault, the wealthiest European.
On the other hand, Mukesh Ambani, the richest person in Asia, saw his net worth fall by $776 million on Monday to become the sixth wealthiest person in the world at $78.8 billion. The chairman of Reliance Industries Limited (RIL) had a few days ago surpassed Arnault to become the fourth richest person after shares of his company touched a new record high.
Ambani is now $0.6 billion richer than ace investor Warren Buffet.
The top three richest people in the world continue to be Amazon’s Jeff Bezos ($188 billion), Microsoft’s Bill Gates ($121 billion) and Facebook’s Mark Zuckerberg ($99 billion). Amid the coronavirus pandemic, shares of tech giants have been rallying, pushing the net worth of the largest stakeholders of these companies.

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