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Home People Billionaire Watch

World’s richest man, Elon Musk, earns $5 billion in a day, now worth $209 billion

Olumide Adesina by Olumide Adesina
September 25, 2021
in Billionaire Watch, Spotlight
Elon Musk says OpenAI has lost focus by becoming profit-oriented with ChatGPT  
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Despite Evergrande contagion creating some havoc in key markets, Elon Musk, the world’s richest man, posted impressive gains according to Bloomberg’s Billionaires Index as investors made strong bets on the world’s most valuable car company.

Friday’s trading session at the world’s largest economy yielded gains of about $5.07 billion, making the South African-born entrepreneur worth $209 billion. To date, the tech CEO has made $39.1 billion.

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Tesla, the world’s most valuable automaker recorded a 2.75% gain in stock market trade on Friday, exceeding a $764.55 buy point. The 21-day exponential moving average has provided support for the shares. A trend of rising relative strength is evident, as well as the sloping 50-day line.

Moreover, investors are also holding tight to the blue-chip stock after Cathie Wood, the Chief Investment Officer of Ark Investment Management, announced that she would sell Tesla Inc. if its price reaches her five-year target this year.

She said she expects the electric-vehicle maker’s stock price in five years to be $3,000, roughly above $750 today. “I believe we would be peeling out of it if nothing changes in our outlook and we reach $3,000 next year,” she said.

Generally, stock experts expect that a Democratic-controlled U.S government would be positive for Tesla in the long run, on the basis that there would be more investments in renewable energy in the future.

Musk currently runs Tesla, America’s most valuable car company, as well as SpaceX, which is NASA’s largest customer.

Regulatory filings from February 2020 indicate Musk owns about 20% of Tesla. The collateral used for his personal obligations is part of his holdings.

The Palo Alto, California-based company makes electric sedans and SUVs, and investors are optimistic about the possibility of global government policies encouraging the adoption of electric vehicles. Tesla built a factory to manufacture its large-scale Megapack battery system. Megapack energy storage is intended for utilities.

As of the start of last year, the fifty-year-old tech tycoon was not listed among the top 50 richest people in the world. In July of that year, he passed Warren Buffett as America’s seventh-richest person.

119 million troy ounces of gold or 2.68 billion barrels of crude oil equal his current net worth.

Tags: Elon MuskTesla
Olumide Adesina

Olumide Adesina

Olumide Adesina is a financial market writer, analyst and investment trader. Message Olumide on Twitter @Olumidecapital

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Comments 11

  1. Justice Baffour says:
    September 26, 2021 at 9:23 am

    Hi boss I am much overwhelmed and how I wish to get tiny of this wealth but I know God time is the best. Congrats boss and hope to touch more wealth in some years to come.

    Reply
    • Leonardo says:
      September 27, 2021 at 7:04 am

      I’m a vietnam era Veteran looking for someone
      who has a vehicle not using and would like to
      donate it to me I would appreciate it. Please
      share with your friends and contacts and reach out to me.Thank you.
      Sincerely
      US ARMY VIETNAM ERA VETERAN

      Reply
  2. JOSEPH William GARDINER says:
    September 26, 2021 at 8:38 pm

    Wow Elon ,you go from taking shower at the ymca, living out a storage unit, which was your job or company from my understanding, to becoming the richest man on the planet, please on send me to Mars , I want to volunteer for this mission, I have no family left alive, other than my children who are grown adults, I know my Time o earth is limited now , so I can take my oldest son Hr with me , we can train for this mission, we wanted to contribute to are world, and I can’t think if no better way than to do this mission to Mars. I’m feeling so hopeless, so please I beg you to choose myself and my so. ,we want to help our world.

    Reply
  3. Owolabi Adebusuyi says:
    September 27, 2021 at 12:23 am

    Owolabi Adebusuyi
    I sincerely appreciate God Almighty for his love mercy and his wonderful work in your life, may the Lord Jesus Christ be with by renew your strength everyday in the glorious name of Jesus Christ amen. So therefore I am highly impressed about your achievement, with my interest I was compelled to contact you to assist me financially sum amount of money to send my children to school and become great person like you in the nearest future as well, according to your loving kindness pls help us. Thanks for your consideration and prompt response

    Reply
  4. Owolabi Adebusuyi says:
    September 27, 2021 at 12:40 am

    Owolabi Adebusuyi
    I sincerely appreciate God Almighty for his love mercy and his wonderful work in your life Mr Elon Musk, may the Lord Jesus Christ be with you and your strength everyday in the name of Jesus Christ amen. I am highly impressed about your achievement, with my interest I was compelled to contact you for financially assistance to send my children to school and become great person in future just like you.Thanks for your consideration and prompt response

    Reply
  5. Adebusuyi Owolabi Clement says:
    September 27, 2021 at 12:44 am

    I sincerely appreciate God Almighty for his love mercy and his wonderful work in your life Mr Elon Musk, may the Lord Jesus Christ be with you and your strength everyday in the name of Jesus Christ amen. I am highly impressed about your achievement, with my interest I was compelled to contact you for financially assistance to send my children to school and become great person in future just like you.Thanks for your consideration and prompt response

    Reply
  6. Erick jamu says:
    September 27, 2021 at 5:44 am

    Hi boss this Erick from Malawi, but once again you’re the best, May God keep on blessing you, so that you help others they have no way to go…

    Reply
  7. Timbong Terence yong says:
    September 27, 2021 at 6:56 am

    Like is a about working hard so try to put me up

    Reply
  8. Timbong Terence yong says:
    September 27, 2021 at 6:58 am

    I need to be rich one day u try to help poor people like us to grow

    Reply
  9. Kalid Jay says:
    September 27, 2021 at 12:01 pm

    It’s nice to be rich but I wouldn’t want it coz you can never be happy when you are alive and you have to leave it when the times come.

    Reply
  10. Chijioke says:
    September 27, 2021 at 11:11 pm

    I wish it will come true

    Reply

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