In an unstoppable spree of wealth addition, SpaceX and Tesla founder and serial entrepreneur Elon Musk has become the world's fourth-richest man with a net worth of $84.8 billion, reports Economic Times.
This comes as Musk's net worth surged by a whopping $7.8 billion in a single day, driven by the 11 per cent surge in the price of Tesla's stock. With this, Musk has added staggering $57.2 billion to his fortune since the beginning of the year.
The surge in Musk's net worth this year is second only to e-commerce giant Amazon's founder Jeff Bezos' addition of $73 billion to his fortune. Bezos, however, stands much ahead at the top of the list of richest persons in the world with a net worth of $188 billion.
It should be noted that this comes just days after Reliance Industries Limited (RIL)'s chairman Mukesh Ambani had become world's fourth-richest individual. Ambani's present net worth stands at $78.8 billion. He is presently the world's sixth richest individual as per the .
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.