Elon Musk, the richest businessman in the world, is constantly creating new records in terms of wealth. Elon Musk achieved the status of becoming a trillionaire for the first time after SpaceX’s IPO in June, about 3 months ago. After that, their fortunes plummeted and they lost more than $600 billion. Now the shares of his companies have seen an increase once again and the figure has once again crossed the one trillion mark. On Monday, his wealth saw an increase of 65 billion dollars or 6.26 lakh crore rupees. Let us also tell you what kind of statistics have come out in Bloomberg’s report.

Elon Musk became a trillionaire again

Elon Musk has become a trillionaire again. According to the Bloomberg Billionaires Index, the wealth of the world’s richest man increased by 65 billion to 1.04 trillion on Monday. The special thing is that in the current year, their wealth has increased by 589 billion dollars. The special thing is that even if the wealth of the world’s second and third richest businessmen Larry Page and Jeff Bezos are combined, it will not be possible. The combined net worth of Page and Bezos is also $571 billion. In such a situation, you can understand how much Elon Musk’s net worth has increased in the current year. According to Bloomberg data, Elon Musk’s net worth has seen a 120 percent increase this year.

Shares of Tesla and SpaceX rose

The biggest reason for Elon Musk’s rise in shares is the increase in shares of SpaceX and Tesla. On Monday, while SpaceX shares gained 7.63 percent, on the other hand, Tesla shares gained 2.20 percent. If we talk about the month of October only, SpaceX shares have seen an increase of 13.4 percent. At the same time, Tesla shares rose 7.64 percent. This is the reason why Elon Musk’s wealth has increased. Musk owns more than 98% of his net worth in SpaceX and Tesla, according to Bloomberg’s Wealth Index.

Morgan Stanley expressed confidence

The recent rise is due to renewed confidence in both companies. On Monday, analysts at Morgan Stanley called SpaceX the cheapest way to take advantage of the space and intelligence sector’s “strong alternative.” This caused the stock to jump further. Shares of space, artificial intelligence and social media companies have recovered 58 percent from August lows. Last week, Tesla reported better-than-expected third-quarter sales.

A billionaire for the second time in three months

This is the first time in three months that the 55-year-old tech giant’s wealth has crossed the 13-digit (trillion) mark. He became the world’s first trillionaire in June, when shares of SpaceX skyrocketed following its record-breaking IPO, but he soon lost the position as shares tumbled amid concerns the company’s valuation was too high. As of the end of July, Musk’s wealth had fallen more than $600 billion from its peak, more than the combined fortunes of anyone except Musk on Bloomberg’s list of the world’s 500 richest people.