New Delhi, Feb 20 (SocialNews.XYZ) Tesla CEO Elon Musk once again overtook Jeff Bezos to become the wealthiest person on the planet.
According to the Bloomberg Billionaires Index, Musk's wealth rose to $199.9 billion after his rocket company completed the latest funding round. Musk's space startup, SpaceX, raised $850 million in fresh funding this month from a group of investors led by Sequoia Capital. The rocket company is valued at $74 billion after the round, which is a 60 per cent jump from August.
For the second time in 2021, the Tesla chief has dominated the billionaire index.
Amazon.com Inc CEO Jeff Bezos had overtook Musk earlier this week with $194.2 billion to become the richest man.
Last week, Tesla had announced that it has invested $1.5 billion in the Bitcoin cryptocurrency. The announcement led to a surge in the price of one Bitcoin, which has even surpassed $50,000 per coin.
Tesla said it will also "begin accepting Bitcoin as a form of payment for our products in the near future".
After vouching for Bitcoin, Musk also said that if major Dogecoin cryptocurrency holders sell their coins, he will give them his full support.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz