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Monday, December 6, 2021
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Elon Musk’s wealth spikes $13.4B in one day, becomes richer than the country of Finland

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Space entrepreneur Elon Musk gained more wealth than most of us will see in a lifetime, in 24hrs he can now buy countries. Which has made him richer than an entire country of Finland.

Musk’s fortune rose by $13.4 billion from November 1 to November 2, topping up his piggy bank to a whopping $307bn.

However his 24-hour surge is indeed impressive, Elon Musk’s growth over the year has been astronomical. By April 2020, to his name he had a measly $24.6bn and now he has sufficient coin to buy Finland, reports Forbes.

Musk is now extremely concerned that he could acquire entire countries. Significantly, Finland has a Gross Domestic Product (GDP) of $303bn, which is $4bn less than Musk’s amassed wealth.

Elon Musk gained so much in so little time, here is the reason

On October 8, a sale of shares by investors meant that SpaceX became the 2nd most valuable private company in the world, with a valuation of more than $100bn.

Luck must be on his side because on October 25, car rental company Hertz sold out on 100,000 electric cars from Tesla, which accordingly boosted share prices by 13%.

“[It’s] the richest he’s ever been, and likely the richest person to ever walk the planet,” wrote Forbes’ Eliza Haverstock.

ELON MUSK 2 Elon Musk The North-Eastern Chronicle

Musk declared to donate $6bn to end world hunger

However, recently Musk announced that he would donate $6bn to eliminate world hunger if the UN could provide a detailed plan of how the money would be expended. 

Several were quick to call out the billionaire for playing to the masses while others dug a little deeper.

Philanthropist and CEO Dan Price tweeted:

“We know how this is going to end: Elon Musk is going to donate $6 billion to help solve world hunger – 1.8% of his fortune. He’ll write it off and pay $0 in taxes. He’ll be named Time’s Person of the Year as a great philanthropist while the average family pays a 14% tax rate.”

Also Read: ETHIOPIA DECLARES STATE OF EMERGENCY, TIGRAYAN FORCES GAIN TERRITORIAL POWER

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