The first person to own $ 300 billion… Elon Musk is close to a historic achievement

Billionaire Elon Musk does not stop adding more and more money to his net worth, thanks to the superior performance of his investments, but the wealth of the world’s richest man now exceeds the value of the American oil giant ExxonMobil.

Musk’s fortune jumped to $288.6 billion on Monday, after returning from the weekend and the start of stock trading in New York, according to the “Bloomberg” Billionaires Index, meaning that it achieved this increase in just hours.
The sharp increase, which amounted to $36.2 billion from the previous day, came after the share value of Tesla, which Musk founded and is CEO of, rose, thanks to an agreement with Hertz Global Holdings to order 100,000 Tesla cars. , which is a very large order.

ExxonMobil is currently worth about $272 billion, which means that although Musk’s fortune has fallen by less than $2 billion as of Wednesday, it is still comfortably above the oil giant’s value.

Thus, the difference between Musk and his closest competitor to the title of “richest man in the world” widens, the billionaire Jeff Bezos, founder of “Amazon”, who owns about 196 billion dollars. Musk may soon become the first person with a fortune to exceed $300 billion soon.

Although Musk’s wealth exceeded the value of ExxonMobil at the beginning of 2021, Exxon was in a severe decline at that time due to the instability of oil prices, and its value fell below $ 200 billion.

But the company later outperformed Tesla’s CEO, by a large margin for most of the year as oil and natural gas prices soar. However, rising fossil fuel prices, if they continue, could help stimulate more sales of electric cars, according to Bloomberg.