Elon Musk: World’s Richest Billionaire Gains $19 Billion As Tesla Stock Breaks Above $1,000

Elon Musk, Tesla and SpaceX CEO, remains the richest person in the world despite unprecedented buying pressure on the world’s most valuable car brand. 

iexclusivenews reports that after posting daily gains of nearly $19 billion, the billionaire has a net worth of $275 billion.

This online news outlet understands that Elon Musk’s net worth is equivalent to 143 million troy ounces of gold or 2.51 billion barrels of crude oil.

Regulatory filings from February 2021 indicate Musk owns about 17% of Tesla.

Tesla’s stock was up more than 8% at $1,091 at the end of the Monday trading session in New York, as investors position on the stock split.

Tesla intends to split its stock in order to pay a stock dividend to investors, according to a filing made Monday.

The electric car maker wants to request an increase in the number of shares of common stock approved at its annual shareholders’ meeting.

According to a Securities and Exchange Commission filing, “to facilitate a stock split of the company’s common stock.”

[the_ad id=”41664″]

Stock dividends are dividends paid to shareholders in the form of extra firm shares.

They dilute a company’s share price yet have no impact on the company’s value.

To put it another way, if Tesla splits into six shares for one, shareholders will get a five-for-one dividend. However, this will only happen once.

[the_ad id=”41670″]

In September 2020, the firm split its stock five-to-one, just one day after announcing plans to sell shares for up to $5 billion.

Tesla stated three months later that it would host another public offering to raise an extra $5 billion.

Meanwhile, the computer mogul feels he is the world’s wealthiest man in principle, but not in fact.

[the_ad id=”41664″]

Elon Musk implied that Putin is substantially wealthier than he is in a recent interview with Axel Springer CEO Mathias Döpfner.

“How much is Putin worth? “No one knows,” Elon Musk stated emphatically.

By the end of last year, Musk had surpassed Jeff Bezos as the world’s richest man.