The 49-year-old overtakes the Google Brin co-founder in the Bloomberg chart. But there are those who warn about the exuberance of tech companies: “It’s a bubble”
the weight of the cars
The 49-year-old entrepreneur owns about a fifth of Tesla shares which makes up an important bulk of his wealth. The price of the shares of the electric car manufacturer has grown by 269% this year. At the beginning of July Tesla became the car brand with the highest share value in the world, even surpassing Toyota: the capitalization reached the amount of 207.2 billion dollars. From 1st January 2020 to Friday 10th July, according to the index Bloomberg, Musk’s assets grew by 43 billion: only Bezos did better than him with an increase of 74.5 billion. However, Musk’s wealth also accounts for the majority of the ownership of SpaceX, the spaceflight company founded in 2002, a year before Tesla.
Watch out for the bubble
So technology like Eldorado? The manager and former manager of hedge funds Mike Novogratz, during an interview on television with Bloomberg, warned about the performance of hi-tech companies: “There is an irrational exuberance. The economy is slowing down, we are going back and forth from Covid and yet the technology market is making new highs every day. This is a speculative bubble. “
July 11, 2020 (change July 11, 2020 | 10:08 am)
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