South African billionaire, Elon Musk, has further cemented his position as the world’s richest man following the increase in his net worth to $335 billion in the last few days.
In a report on Tuesday, Bloomberg said Tesla’s owner’s net worth is three times more than the former world’s richest man, Warren Buffett’s $104 billion.
It is also 697 percent higher than Nigeria’s $42 billion foreign reserves.
Musk hit the landmark after making $24 billion on Monday, a few days after becoming the first person to hit $300 billion in wealth.
His net worth, according to Bloomberg, has so far increased by $165 billion this year.
Monday’s gains were driven by an 8.5 percent rise in Tesla’s share price.
The billionaire owned a 22.4 percent stake in the company at the start of the year.
Last week, a 13 percent leap in Tesla’s stock price netted Musk $36 billion – the largest single-day surge Bloomberg had ever recorded – after news emerged that the car-rental firm Hertz ordered 100,000 Teslas.
Musk, 50, now sits at a comfortable $142 billion above the world’s second-richest man – Amazon’s founder, Jeff Bezos, whose net worth was put at $193 billion.
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
SPECIAL REPORT: Illegal miners degrade Ekiti community, engage in child labour
The activities of illegal miners in a community in Ekiti State have caused degradation of the environment, as miners engage...
SPECIAL REPORT: Inside the illegal trading of forest woods in Cross River community
“With a N20,000 bribe, an external buyer can influence the youth in host communities , Cross River State, to cut...
SPECIAL REPORT: Enugu govt watches as waste takes over state, threatens public health, environment
In this report, Arinze Chijioke looks at how delays in evacuation of waste in Enugu State encourages indiscriminate waste disposal, its health implications, and how...
INVESTIGATION: NDDC awards N1bn road contract to poultry farm
The Niger Delta Development Commission (NDDC) in what appears a breach of procurement laws, awarded a contract worth N1.028 billion...
FEATURE… Hard job, low income: Agony of Nigerian commercial drivers
Amid increase in fuel price over the years, coupled with bad roads and insecurity in Nigeria, many commercial drivers have...