Elon Musk again hits $300 bln. mark after $30 bln. jump in value in 24 hours - Forbes

Elon Musk, Tesla and SpaceX founder

© APA | Elon Musk, Tesla and SpaceX founder

# 04 January 2022 13:19 (UTC +04:00)

Tesla and SpaceX founder Elon Musk has crossed the $300 billion mark in value for the second time and returned to the helm as the richest person in the world, according to the Forbes Billionaires Index, APA reports citing Sputnik.

According to the Forbes Real-Time ranking, Musk’s fortune is currently estimated at $304.2 billion after a $32.6 billion increase over the past 24 hours. Thus, Musk remains the richest person in the world with luxury goods conglomerate LVMH CEO Bernard Arnault ranking second with over $200 billion.

On 1 November, Musk hit the world’s record-high $300 billion in terms of the volume of his assets, making him the first person to reach this spot. Musk’s fortune saw a sharp increase due to a hike in Tesla shares, driven by its deal with car rental company Hertz for the sale of 100,000 Tesla cars.

Amazon founder and a close rival of Musk in the Forbes rankings, Jeff Bezos, ranks third with over $196 billion.