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Elon Musk earned $ 6 billion in a day, becoming the 7th richest man in the world

July 12, 2020

The mega-entrepreneur of technology Elon Musk became the seventh richest person in the world this week after “making” over $ 6 billion in a single day.

Musk benefited from Tesla shares after the company’s shares They rose more than 10.8 percent on Friday (10).

With the new value his company has achieved, Musk outperformed Bitcoin’s fierce critic, magnate Warren Buffett.

Elon Musk earned $ 6 billion in a day, becoming the 7th richest man in the worldElon Musk earned $ 6 billion in a day, becoming the 7th richest man in the world

With the result of the significant increase in Tesla shares Musk’s fortune reached $ 70.5 billion.

Tesla

Among the Musk companies, Tesla and SpaceX have received the most attention.

In the case of SpaceX, the company was the first private company to send people into space and dock with the space station.

The company’s shares in Tesla are already surprising investors and have increased by around 500% in the last year alone.

However, By 2020, the company’s shares had already risen by around 270%, which is due to the increased sales of Tesla Model 3.

Musk and Bitcoin

Musk, who has already been recognized as the creator of Bitcoin, is not that cheap for cryptocurrencies.

So, even though he’s one of the great technology magnates and one of the forerunners of digital payments, Musk, the He founded X.com in 1999, which later became PayPal. It is not a “bitcoiner”.

For the founder of Tesla and one of the “favorites” of cryptocurrency users Bitcoin is a very ingenious invention, but it will never be a popular currency because BTC is the capital of illegal transactions.

“For illegal transactions to take place, the money must also be used for legal transactions. You need a bridge between illegal and legal transactions. This is where cryptocurrencies come in,” he said.

Recently, in a “conversation” on Twitter with the author of the Harry Potter series, J.K. Rowling, Musk said that it was only 0.25 BTC.

Musk doesn’t like Bitcoin, but Dogecoin does

Although he doesn’t like Bitcoin very much, the founder of Tesla has already declared his “love” for cryptocurrencies, especially Dogecoin.

So, He has expressed his preference for Doge several times.

“You have the best currency,” he once said on Twitter about Dogecoin.

According to sources, Musk would also be friends with the Doge creator Jackson Palmer.