Elon Musk, 49, founder of the US technology company Tesla & SpaceX, has become the world's fourth richest man after amassing 8 billion in a single day.
According to the American economic magazine Bloomberg, shares of Elon Musk's company Tesla Insurance rose 11% on August 17, adding 8 billion to the company's founder's wealth.
After a 8 billion increase in a single day, Elon Musk's fortune rose to 84.8 billion, making him the fourth richest man in the world.
Before Elon Musk, the fourth richest man in the world was Bernard Arnault, a 71-year-old Frenchman, but on August 17, the head of an American technology company surpassed him by 200 million.
According to Bloomberg, Bernard Arnault's wealth was 84.6 billion on August 18, while Elon Musk's total wealth was 200 million more.
According to Bloomberg 's list, Amazon founder Jeff Bezos tops the list of the 100 richest people in the world with 188 billion.
Microsoft founder Bill Gates is second on the list of the richest people in the world with 121 billion, Facebook founder Mark Zuckerberg is third with 99 billion.
Elon Musk came in fourth with 84.8 billion and Bernard Arnault came in fifth with 84.6 billion.
India's richest man Mukesh Ambani is the sixth richest man in the world with a fortune of 78.8 billion. Indian man Mukesh Ambani's fortune has increased by 14 billion in the last two months.
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