Elon Musk bounced back and emerge richest man in the world with a shocking daily gain


Elon Reeve Musk, the founder and the CEO of TESLA also chief designer of SpaceX has bounced bank strongly to claim again the world most richer man with his daily gain rise to $9.8 billion on Wednesday


He was pushed off the position by the Amazon founder, Jeff Bezos few days ago due to asset lost worth $4.5 billion after TESLA share fell to 2.4% leading him to second in the Bloomberg billionaire index ranking


Although Bezo’s net worth was also fell by about $327 million which is not as bad as Musk’s and enough to raise above musk in the ranking


But as at Wednesday February 24 Musk’s worth and TESLA surge to $190 billion after his share rise to 6.18% increase which put his market value to $712 billion along with his SpaceX which is enough to displace Jeff Bezos of Amazon from the top position


The TESLA inc. on Wednesday erased the record of world most valuable car company year-to-date gain as a result of spree purchased in the Wednesday trading session which gives signal that investors are buying the drop following a four days drop


It was gathered that a group of leading institutional investor led by Sequoia Capital along with Musk’s SpaceX raised a sum of $850 million which boost SpaceX and raised it value to $74 billion which 60% higher than the August value according to billionaire index

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