Musk has gone past French luxury tycoon Bernard Arnault, the chairman of LVMH Moët Hennessy and the richest non-American on the Bloomberg Billionaires Index.
Tesla co-founder and SpaceX CEO Elon Musk has become the world's fourth wealthiest person after shares of his company rose by 11% on Monday and closed at a record high. The rise meant Musk's wealth increased by a whopping $7.8 billion, according to a report in Bloomberg.
Musk has gone past French luxury tycoon Bernard Arnault, the chairman of LVMH Moët Hennessy and the richest non-American on the Bloomberg Billionaires Index.
Musk's wealth has increased by $57.2 billion this year, the second-biggest increase on the index.
SpaceX is looking to raise new capital at a valuation of about $44 billion, it was reported last month. The company is in discussions with investors about raising about $1 billion at a price of $270 a share.
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