Elon Musk is already the richest man in the world, after unseating Jeff Bezos on the list of the world’s top millionaires. The CEO of Tesla has surpassed the founder of Amazon thanks to a relentless rise in the stock market of the titles of the automotive company. The manufacturer surpassed the 700,000 million euros of market capitalization on Wednesday at the close of the Wall Street session, with a figure of 717,000 million dollars at the end of the day, and the titles continue to rise this Thursday, at times over 760,000 million.
The boom is directly proportional to that of Musk’s fortune, who would already control more than 185,000 million dollars (about 150,000 million euros), propped up in a rally Stock market that even improves in the first days of this new year, despite the doubts raised by the assault by protesters on the Capitol in Washington.
The progression of the South African is dazzling, the fastest of the global millionaires ever known, as different North American media such as Bloomberg and CNBC recall. In July, the businessman overtook the veteran investor Warren Buffett, at the head of the Berkshire Hathaway firm; Last November, Musk’s fortune surpassed that of Bill Gates, founder of Microsoft.
Tesla, known for its volatility in the market, did prop up an unstoppable 2020 year on the stock market, so much so that its securities were the best performing among the large listed companies. Tesla’s share appreciated more than 700% last year, to reach a capitalization that doubles that of Volkswagen and Toyota, the second and third benchmark for the motor, if they were added together.
The company has taken advantage of the unstoppable pull of tech companies on the stock market. The Nasdaq, the US index that brings them together, is the selective with the best evolution in 2020, during which it has managed to revalue by 43%
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