Elon Musk took great advantage of the coronavirus crisis

Elon Musk took great advantage of the coronavirus crisis

Coronavirus global pandemic had a huge impact on the world's economy, but the millionaire and businessman Elon Musk took advantage of this crisis. However, he was the richest man in the world for just a few days. Read on to find out all the details!

The millionaire and businessman, Elon Musk took advantage of the coronavirus global pandemic which had a huge impact on the world's economy. For Musk Covid-19 was the perfect time to become even richer. Keep reading to find out every single detail. 

The coronavirus pandemic had a great economic impact on the whole world. Unemployment and poverty hit 2020 and seem to be affecting 2021 as well. However, not everyone had to face this cruel reality. A report by the Bloomberg Billionaires Index found that the 500 richest people in the world added 1.8 billion dollars to their wealth.

On January 7 the price of Tesla shares hugely increase and after that, Elon Musk became the richest man in the world, as he surpassed the wealth of Amazon owner Jeff Bezos. During last year, Musk's net worth soared by more than $ 150 billion.

On January 7 the price of Tesla shares hugely increase.

According to specialists, in the second half of 2020 there was a mixture of enthusiasm in the markets for the start of vaccination and a large injection of money from central banks to sustain economies.

However, being the richest man in the world didn't last long for Elon Musk. After a brief stint as the wealthiest person on the planet, Tesla billionaire Elon Musk is again the second-richest person in the world after his fortune fell by nearly $14 billion in one day. 

Shares of his electric-vehicle maker, Tesla, fell by nearly 8% on Monday, pushing Musk’s net worth down by $13.5 billion, to $176.2 billion. After briefly overtaking Amazon CEO Jeff Bezos as the world’s richest person last Friday. 

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