• About
  • Contact
Thursday, June 30, 2022
  • Login
Next Big Brand
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail
No Result
View All Result
Next Big Brand

Elon Musk Becomes 5th Centibillionaire As Tesla Shares Surge Up

Pritish raj by Pritish raj
August 21, 2020
in News
Reading Time: 2 mins read
A A
0
Elon Musk Centibillionaire Paycheck Tweet- Next big Brand

Musk is positive about the third quarter. Source- Time Magazine

Tesla  Co-Founder Elon Musk has joined the CentiBillionaire ($100 billion) club.

Elon Musk rose one place last night to become the fourth richest person in the world after Tesla stock hit fresh highs and became CentiBillionaire. His current net worth stands at $95.5 Billion after touching $100 billion marks.

The 5 Centi Billionaire are- Jeff Bezos, Bill Gates, Bernard Arnault, Mark Zuckerberg & Elon Musk

The entrepreneur jumped above Bernard Arnault, the French billionaire, and chief executive of Louis Vuitton.

Things have been hotting up among the world’s richest during the lockdown and only Facebook’s Mark Zuckerberg, Amazon’s Jeff Bezos and Microsoft founder Bill Gates are worth more than Musk.

On Wednesday night Tesla stock rose by 2%, adding to Monday night’s 11% gain. Shares in the electric car company have risen 339% this year.

Elon Musk owns 21% of Tesla’s stock, meaning every time it rises his wealth is boosted.

In May, Elon Musk was paid a whopping $700 million in one of the biggest paydays corporate America has ever seen.

The radical entrepreneur earnt the bonus after Tesla hit some targets.

The payout was part of a generous package approved by the company’s board in 2018, one of the largest in US history.

Musk has chosen not to have a base salary with the company, instead opting for deeply discounted Tesla shares.

On Thursday, Shares of Tesla rose 7 percent to close at an all-time high of $2,001.83 per share.

This was the first time that the car manufacturer, headed by Elon Musk, reached the mark of $2,000 per share, also after this year’s rally that sent shares to skyrocket. Tesla climbed up as much as 8 percent in intraday trading Thursday to touch $2,021.99 per share before paring some gains.

The surge propelled Tesla’s market capitalization to almost $372 billion, surpassing Walmart’s market valuation of about $371 billion. Earlier in the year, Tesla became the world’s most successful automaker after overshadowing the market value of Toyota.

Musk’s fortune increased this year by more than $57 billion, the second-biggest rise on the index after Jeff Bezos’s- founder of Amazon.com Inc. By 2020, the wealthiest man in the world has racked up $73 billion and is now worth $188 billion.

Last month Elon Musk unlocked the second chunk of his big fat paycheck.

The average trailing market value of the electric-car maker over six months on Tuesday rose above $150 billion, according to data compiled by Bloomberg, despite a dip in the share price of the company. That means Musk can now exercise a further 1.69 million stock options, although he must wait at least five years before he can sell them.

The options have a strike price of $350.02, meaning that if he exercised, he would reap a gain of $2.1 billion and could sell the shares immediately.

Previous Post

Indian Short Video Apps Are Showing Money & Luring Influencers

Next Post

Understanding Horizon Of Independent Media With The Logical Indian

Pritish raj

Pritish raj

Pritish Raj is a content writer at Next Big Brand. Hailing from the diversified state of Bihar, he is an engineer by education who chooses the way of poetry, photography, and writing to kick off his career. Highly enthusiastic about brands and startups, he aims to be a travel content creator.

Related Posts

Metawhale Team
Cryptocurrency

World’s First NFT Museum Launched By Metawhale World

June 30, 2022
WhiteHat Jr Ads- Next Big Brand
News

Byju’s-owned WhiteHat Jr Lays Off 300 Employees

June 29, 2022
Reliance CEO Mukesh Ambani
Industries

Mukesh Ambani Resigns as Director of Reliance Jio, Son Aakash Ambani Named Chairman

June 28, 2022
png 20220628 164551 0000
Cryptocurrency

Cryptoys Raises $23 Million to Mix NFTs, Gaming, and Virtual Toys

June 28, 2022
20220627 152251 0000
News

Proptech Startup PropShare Raises $47 Million Led by WestBridge Capital

June 27, 2022
images 9 17
Cryptocurrency

Christiano Ronaldo and Binance Announce NFT Partnership

June 24, 2022
Next Post
The Logical Indian- Next Big Brand

Understanding Horizon Of Independent Media With The Logical Indian

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

BROWSE BY TOPICS

Acquiring amazon Apple Brands brand story Byjus byjus news byjus the learning app Cryptocurrency Edtech Startups Elon Musk facebook fintech news Flipkart funding google Indian Crypto Startups Indian OTT Platforms Indian Unicorn Indian Unicorns Indian Unicorns of 2021 Mukesh Ambani Netflix NFT NFT Collection NFT India Non Fungible Tokens Ola OYO Paytm Reliance Retail Startup Acquisition Startup IPO startup news india startups in india Swiggy Tiktok Twitter Unicorns of 2022 Unicorns of India Unicorn Startups Upgrad WazirX YouTube Zomato
check more news on that pages youtube converter, filme online 2022, filme porno mature, porno amatoriale, nxnxx.org, https://xvideosxnxx.org, https://xoxporn.net

Instagram

Follow Me!

Recent News

  • World’s First NFT Museum Launched By Metawhale World
  • Byju’s-owned WhiteHat Jr Lays Off 300 Employees
  • Mukesh Ambani Resigns as Director of Reliance Jio, Son Aakash Ambani Named Chairman

Latest News

Metawhale Team

World’s First NFT Museum Launched By Metawhale World

June 30, 2022
WhiteHat Jr Ads- Next Big Brand

Byju’s-owned WhiteHat Jr Lays Off 300 Employees

June 29, 2022
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail

© 2019 NBB. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.