Elon Musk’s net worth has surpassed $230 billion making him the richest man on the planet after shares at Space X soar by 33 percent and sell for more than $100 billion, after only joining the Forbes top ten billionaire list in the middle of last year.
The Tesla CEO has now outstripped former richest person, Amazon founder Jeff Bezos, and is currently wealthier than Bill Gates and Warren Buffett combined.
The Tesla founder saw his and his SpaceX company’s wealth swell after a share sale at SpaceX on October 8 worth $100 billion in a secondary offering.
The company had an agreement with both new and existing investors to sell up to $755 million in SpaceX stock from insiders at $560 per share, multiple people close with the deal told CNBC.
The 33 percent increase in its new share price brings the company’s valuation to $100.3 billion after initially offering the deal to investors in February, when SpaceX’s valuation stood at $74 billion at 419.19 a share.
The first round of offerings raised nearly $1.2 billion, the outlet reports.
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Source: Daily Mail
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